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ShapeSwap V2 Review 2026: Pools and DEX Risks

ShapeSwap V2 is a Shape Network DEX offering concentrated-liquidity pools and a separate V2-style AMM. Its basic products are clear, but fees and audit details are not published.

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

4.5/10

Weak

Visit ShapeSwap V2

Our verdict on ShapeSwap V2

4.5/10

ShapeSwap V2 may suit Shape Network users who want to swap tokens or provide liquidity through either concentrated-liquidity pools or a V2-style AMM. Its main strength is offering both pool models in one DEX. The main caveats are missing fee information and the absence of a listed audit, which make costs and contract assurances hard to judge. Liquidity provision carries market and smart-contract risks, so review the pool and transaction details before committing funds.

Score breakdown

How ShapeSwap V2 scores

Security: 2.5/10
Ease of use: 5.0/10
Fees: n/a
Features: 5.0/10

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 ShapeSwap V2?

ShapeSwap V2 is a decentralized exchange on Shape Network. It offers token swaps and liquidity provision through a concentrated-liquidity product described as a Uniswap V3 fork, alongside a V2-style AMM deployment.

The two pool models give users different ways to trade and provide liquidity, but the project does not publish fee details, a supported-token list, or an audit listing. Users should verify pool availability and transaction terms in the app before committing assets.

How ShapeSwap V2 works

ShapeSwap V2 is a decentralized exchange, where swaps are handled through onchain liquidity pools rather than a traditional order book. The project describes its V3-style product as a Uniswap V3 fork. In a concentrated-liquidity pool, providers choose a price range for their capital; this can make capital more targeted, but positions can become inactive when the market price moves outside that range.

The project also has a V2-style AMM deployment, a separate pool design that uses liquidity to facilitate trades. Providers in either model take on smart-contract and market risks, including impermanent loss. Fee terms, supported pairs and detailed position controls are not published, so check the app before committing funds.

4 features

Key features

Token swaps

The exchange supports token swaps on Shape Network. Specific supported assets and trading pairs are not published here.

Concentrated liquidity

The V3-style pools use concentrated liquidity, where liquidity providers allocate capital within selected price ranges.

V2 AMM pools

A companion V2-style AMM deployment provides a separate pool model alongside the concentrated-liquidity product.

Liquidity provision

Users can provide liquidity, though pool selection, fee terms and position-management details are not published.

Pros and cons

What we like

Offers both concentrated-liquidity and V2-style AMM pools.
Supports swaps and liquidity provision in one app.
The pool models are identified clearly enough for users to distinguish their basic approach.

Watch out for

Trading fees and liquidity-provider fee details are not published.
No audit is listed, so contract security is difficult to assess.
Concentrated-liquidity providers can face impermanent loss and may need to manage their positions.
Liquidity and trading activity may be limited; the available TVL figure is modest.

ShapeSwap V2 fees

ShapeSwap V2 does not publish its swap fees, pool fee tiers, or any other platform charges in the available product description. Check the app's quote and pool details before trading or providing liquidity. Network gas is separate from any DEX fee.

Is ShapeSwap V2 safe?

No audit is listed for ShapeSwap V2. Its Uniswap V3-fork description does not establish that the deployed contracts have been independently reviewed or that they match the original implementation. Smart-contract vulnerabilities can lead to loss of funds.

Liquidity providers also face market risk, including impermanent loss; concentrated positions may need attention as prices move. The project does not publish details here about custody, its team, or regulatory status. Use only funds you can afford to lose and verify the network and transaction before signing.

5 steps

How to get started with ShapeSwap V2

1
Open ShapeSwap V2 and check that the app is available in your region.
2
Use a wallet that supports the Shape Network and connect it to the app.
3
Confirm the network and make sure your wallet holds the assets you intend to trade, plus enough for network gas.
4
Choose a swap pair or a liquidity pool, then review the displayed quote or position details.
5
Check fees, price impact and transaction details before signing.

Open ShapeSwap V2

Who ShapeSwap V2 is for

Shape Network users looking for a DEX with both concentrated-liquidity and V2-style pools may find ShapeSwap V2 relevant. It is less suitable for people who need clearly published fee terms, a listed audit, or detailed information about supported assets before using a platform.

ShapeSwap V2 FAQs

What is ShapeSwap V2?

ShapeSwap V2 is a decentralized exchange on the Shape Network. It offers token swaps through concentrated-liquidity pools and a V2-style AMM deployment.

Which blockchain does ShapeSwap V2 use?

The DEX is described as running on Shape. Shape is not included in the chain list used here, so confirm network support in the app and your wallet before transacting.

What can I trade on ShapeSwap V2?

ShapeSwap V2 offers concentrated-liquidity and V2-style AMM pools. The project does not publish a complete list of supported tokens or pools here, so check the app before choosing a pair.

What are ShapeSwap V2's fees?

Fee details are not published. Review the swap quote and any displayed pool information before confirming a transaction; network gas is separate from any exchange fee.

Is ShapeSwap V2 audited or safe?

The project is described as a Uniswap V3 fork with a companion V2/AMM deployment, but no audit is listed. Forking established code does not by itself verify the deployed contracts or remove liquidity-provider risks.

How do I use ShapeSwap V2?

A compatible wallet and assets on the supported network are generally needed to use a DEX. Check that your wallet is connected to Shape and review the transaction details before signing.

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