DEXes · Review
ActiveMetalX Swap Review 2026: Zero-Gas DEX on XPR Network
MetalX Swap is the swap and liquidity pool part of Metal X, a DeFi app on XPR Network that advertises 0 gas fees. It is a small but established venue, listed since 2022, with about $7.25M TVL.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.6/10
Good
Our verdict on MetalX Swap
6.6/10MetalX Swap suits users already on XPR Network who want a native place to swap tokens, provide liquidity or farm without paying gas. Its main strength is the free on-chain swaps and a wider Metal X toolset including lending and staking. The caveat is scale: TVL is around $7.25M, trading fee details are not public, and everything depends on a single chain and its wallets. Check pool depth and slippage before larger trades.
Score breakdown
How MetalX Swap scores
- Security
- 6.5/10
- Ease of use
- 6.5/10
- Fees
- 6.0/10
- Features
- 7.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is MetalX Swap?
MetalX Swap is the on-chain swap feature of Metal X, a DeFi app built on XPR Network. DefiLlama describes it as instant token swaps with 0 gas fee, and it has been listed since April 2022.
As of the latest data, total value locked is about $7.25M, down 0.6% over seven days. That makes it a modest venue by industry standards, but a central one within the XPR Network ecosystem.
The homepage describes a broader suite: swaps, farming, liquidity pools, bridges and fiat integration. Public reporting also show lending and borrowing through the LOAN Protocol, plus staking of the LOAN token.
How MetalX Swap works
MetalX Swap is a decentralized exchange. Instead of matching buyers and sellers through a company, it uses on-chain liquidity pools. Users deposit pairs of tokens into pools, and traders swap against those pools at a price set by the pool's balances.
It runs on XPR Network, where DefiLlama says swaps are free of gas fees. Users connect a wallet like WebAuth, choose two tokens and confirm the transaction, which settles on-chain.
Liquidity providers earn rewards for supplying assets, and the app also offers farming. The wider Metal X platform adds lending and borrowing through the LOAN Protocol.
6 features
Key features
01
Zero-gas on-chain swaps
Token swaps happen on-chain on XPR Network, and DefiLlama notes there is no gas fee for them.
02
Liquidity pools and farms
The homepage advertises liquidity pools and farming, so users can supply assets and earn rewards.
03
Lending and borrowing
Metal X Lending, powered by the LOAN Protocol, lets users lend or borrow assets such as Tether (XUSDT) at variable interest.
04
LOAN staking
Public reporting describes staking LOAN tokens and claiming LOAN rewards on a dedicated page.
05
Bridges and fiat onboarding
The homepage mentions bridges and fiat integration, and a post says Metal Pay accounts can connect and onboard to XPR Network.
06
Documentation
Docs sections listed in public reporting cover an audit and oracles, indicating some published technical documentation.
Pros and cons
What we like
- Swaps advertised with 0 gas fees on XPR Network
- Listed since 2022, giving it a multi-year track record
- Broader toolset including pools, farms, lending and staking
- Two audits are listed on DefiLlama
- Documentation and support guides exist for staking and claiming rewards
- Fiat and Metal Pay onboarding options are mentioned
Watch out for
- TVL of about $7.25M is small next to major DEXs, so liquidity for larger trades may be thin
- Tied to XPR Network, so it depends on that single chain's health and wallet tooling
- Community posts mention swap problems with WebAuth wallet connections that needed workarounds
- Fees, slippage settings and pool fee tiers are not detailed publicly
- The platform has no token of its own listed in DefiLlama data
- Audit details are not described, only that two audits are listed
MetalX Swap fees
Public sources say swaps have 0 gas fees on XPR Network. They do not publish a trading fee, liquidity pool fee tier or farming reward terms.
Users should check the swap and pool screens in the app, and the Metal X docs, for current fee and slippage information before trading.
Is MetalX Swap safe?
DefiLlama lists two audits for MetalX Swap, and the docs reference an audit section. The project does not name the auditors or summarize findings, so readers should check the docs directly.
As a DEX, users keep custody of assets in their own wallet, but smart-contract, liquidity and bridge risks still apply. The project does not mention incidents or hacks. Low-liquidity pools can mean higher slippage, and the platform depends on XPR Network's stability and wallet software.
6 steps
How to get started with MetalX Swap
- 1
Set up a compatible XPR Network wallet such as WebAuth, or use a Metal Pay account to onboard.
- 2
Fund the wallet with XPR or other supported assets sent directly to your account.
- 3
Open the Metal X app and connect your wallet.
- 4
Pick the tokens to swap, review the quoted rate and slippage, and confirm.
- 5
If a connection fails, follow community tips such as closing the wallet app and reconnecting.
- 6
Optionally explore pools, farms or lending after reading the docs and risks.
Who MetalX Swap is for
MetalX Swap is for people using XPR Network who want gas-free swaps, liquidity pools and farming in one app. It is less suitable for traders who need deep liquidity across many chains or want fully documented fee schedules before they start.
MetalX Swap FAQs
What is MetalX Swap?
MetalX Swap is the token swap feature of Metal X, a decentralized exchange on XPR Network. DefiLlama describes it as instant on-chain token swaps with 0 gas fee.
Which blockchain does MetalX Swap run on?
DefiLlama lists only the XPR Network chain, which appears under the slug proton. Public reporting also mention bridges, but the project does not say which networks they connect.
Does MetalX Swap charge gas fees?
Public sources say swaps carry 0 gas fees. Trading fees, pool fees and farm terms are not stated, so check the app before trading.
Which wallets work with Metal X?
Public reporting shows users connecting a WebAuth wallet to Metal X, and Metal Pay accounts can be used to onboard to an XPR Network account. Reddit threads suggest closing the WebAuth app and reconnecting if a swap stalls.
Has MetalX Swap been audited?
DefiLlama lists two audits, but the project does not name the auditors or findings. Treat any DEX as carrying smart-contract risk and read the audit section in the Metal X docs.
Does Metal X offer more than swaps?
The wider Metal X app also offers lending and borrowing through the LOAN Protocol and a LOAN token for staking and rewards, according to public reporting. DefiLlama lists MetalX Swap itself as having no token.
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.