Naka Dex Review 2026: A Small Uniswap V2 Fork on a Bitcoin L2

Naka Dex is a decentralized exchange on NakaChain, a network that describes itself as a Bitcoin L2 with a 2-second block time, almost zero transaction fees and Solidity smart contracts. It is described as a Uniswap V2 fork and has been tracked since March 2024.

It holds about $107,000 in total value locked, with a small weekly change of about -1%. That makes it a small venue. No audits are listed for it, and no token is associated with the DEX.

The NakaChain homepage promotes a token IDO pre-launch for the chain. That relates to the network rather than the DEX, and the project does not publish details of the DEX such as fee tiers, team or documentation on that page.

Naka Dex is described as a fork of Uniswap V2. Instead of matching buyers and sellers, it holds pairs of tokens in smart-contract pools. The price is set by the ratio of the two tokens in the pool, and each trade shifts that ratio.

Liquidity providers deposit both tokens in a pair and receive liquidity tokens that represent their share. A fee on each swap goes to those providers. The risk is impermanent loss: if the relative price of the two tokens moves, the deposit can be worth less than simply holding the tokens.

The DEX runs on NakaChain, which presents itself as a Bitcoin L2 with a 2-second block time and Solidity smart contracts. Anyone using it relies on both the DEX contracts and the underlying chain.

Naka Dex does not publish a fee schedule on its homepage. Uniswap V2 forks usually charge a percentage fee on each swap, which goes to liquidity providers, but the exact rate here should be confirmed in the swap interface before trading.

Network gas is paid on NakaChain, which describes its transaction fees as almost zero. Slippage is a bigger cost to expect: with roughly $107,000 locked, even modest trades can move prices noticeably.

No audits are listed for Naka Dex, and the team behind it is not named in the information available. Forking Uniswap V2 means the core swap logic is well understood, but deployment choices, modified code and the chain itself still carry risk.

The DEX is non-custodial in the usual AMM sense, as you swap from your own wallet. You still carry smart-contract risk, bridge risk if you move assets onto NakaChain, and the risk of malicious or fake tokens in unvetted pools. With low liquidity, price manipulation is easier. Treat it as experimental and size positions accordingly.

Naka Dex is for users who are already on NakaChain or curious about Bitcoin L2 networks and want a simple swap and liquidity venue. It is not suited to anyone who needs deep liquidity, audited contracts or a well-documented team.