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ShapeSwap V3 Review 2026: Shape Network DEX

ShapeSwap V3 is a concentrated-liquidity DEX on the Shape Network, with a companion V2 AMM. It offers swaps and liquidity provision, but publishes little detail about fees, supported assets or security reviews.

By the DappsAtlas editorial team · Updated

DappsAtlas score

4.5/10

Weak

Our verdict on ShapeSwap V3

4.5/10

ShapeSwap V3 may suit users already active on the Shape Network who want to swap tokens or provide liquidity through concentrated or conventional AMM pools. Its main strength is offering both V3 and V2 pool models in one ecosystem. The main caveat is the lack of published detail on fees, supported assets and audits. Review each pool and transaction carefully, and account for smart-contract, liquidity and price-range risks before committing funds.

Score breakdown

How ShapeSwap V3 scores

Security
3.0/10
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 V3?

ShapeSwap V3 is a decentralized exchange on the Shape Network. Its site offers token swapping and liquidity provision, and the project is described as a Uniswap V3 fork with a companion V2 AMM deployment.

The V3 model lets liquidity providers allocate funds within selected price ranges, while V2 pools use a more traditional automated-market-maker design. The project does not publish its fee schedule or supported-token list in the information available here, so check the app’s pool and swap details before transacting.

How ShapeSwap V3 works

ShapeSwap V3 is described as a Uniswap V3 fork on the Shape Network. Like other concentrated-liquidity DEXs, it matches swaps against pools of tokens supplied by users. Liquidity providers select a price range for their funds; this can make capital more focused, but positions may need attention as prices move and can be exposed to impermanent loss.

The project also has a V2 AMM deployment. V2-style pools generally distribute liquidity across a broader price curve rather than asking providers to select a range. Swappers trade against available pool liquidity, while providers may earn a share of swap fees; ShapeSwap’s specific pool terms and fee rates are not published here.

3 features

Key features

01

Concentrated liquidity

The V3 exchange uses concentrated-liquidity pools, where providers allocate funds within selected price ranges.

02

V2 AMM

A companion V2 automated market maker is also deployed alongside the V3 exchange.

03

Swaps and liquidity

The site describes both token swaps and liquidity provision on the Shape Network.

Pros and cons

What we like

  • Offers both swaps and liquidity provision.
  • Uses concentrated liquidity in its V3 deployment.
  • Has a companion V2 AMM deployment.
  • Focused on the Shape Network rather than presenting itself as a multi-chain exchange.

Watch out for

  • No audit is listed for ShapeSwap V3.
  • Public sources do not specify supported tokens or trading pairs.
  • Fees, liquidity-provider rewards and pool details are not published here.
  • Like other DEXs, it carries smart-contract and low-liquidity risks; concentrated-liquidity positions can also require active management.

ShapeSwap V3 fees

ShapeSwap V3’s swap fees, liquidity-provider fees and other charges are not published here. Check the quote and any pool-specific terms in the app before confirming a transaction; network transaction costs may also apply.

Is ShapeSwap V3 safe?

No audit is listed for ShapeSwap V3, and no security incident details are established here. A DEX does not remove smart-contract risk: bugs or malicious tokens can cause losses, and pool liquidity may be insufficient for larger trades. Concentrated-liquidity providers also face the risk that prices leave their chosen range.

The project’s custody model and regulatory status are not specified here. Check the contract and transaction details in your wallet before signing, and avoid depositing funds you cannot afford to lose.

5 steps

How to get started with ShapeSwap V3

  1. 1

    Open ShapeSwap’s official app and confirm that you are on the intended Shape Network service.

  2. 2

    Connect a compatible wallet and check that it is set to the network used by the app.

  3. 3

    For a swap, select the assets and amount, then review the quoted output, price impact and fees before confirming.

  4. 4

    For liquidity provision, inspect the pool and its terms. In a concentrated-liquidity pool, choose a price range and understand that funds can become inactive if the market moves outside it.

  5. 5

    Confirm the transaction in your wallet and check its status on the network.

Who ShapeSwap V3 is for

ShapeSwap V3 is aimed at Shape Network users who want to trade tokens or supply liquidity. It may appeal to experienced liquidity providers familiar with concentrated ranges; newcomers should first understand pool risks and check the transaction details, since public information about fees and supported assets is limited.

ShapeSwap V3 FAQs

What chain is ShapeSwap V3 on?

ShapeSwap V3 is described as running on the Shape Network. Shape is an Ethereum layer 2, but ShapeSwap’s specific supported network details should be checked in its app before use.

What can I do on ShapeSwap V3?

The project describes the service as a place to swap tokens and provide liquidity. It does not publish a supported-token list in the information available here.

How does ShapeSwap V3 work?

The V3 deployment uses concentrated liquidity, where liquidity providers choose price ranges for their funds. ShapeSwap also has a V2 AMM deployment, which uses the conventional pool model where liquidity is spread across the price curve.

What fees does ShapeSwap charge?

ShapeSwap V3’s fees are not published here. Review the fee and price impact shown in the app before confirming a swap or supplying liquidity.

Is ShapeSwap V3 audited and safe?

No audit is listed for ShapeSwap V3. Smart-contract bugs, token risks and insufficient pool liquidity can lead to losses, so only interact with funds you can afford to lose.

Compare

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How we checked

Sources

  1. 1.defillama.com/protocol/shapeswap-v3

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