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SpookySwap V2 Review 2026: Small-TVL AMM DEX on Fantom

SpookySwap V2 is an automated market maker DEX that started on Fantom and is listed on Sonic and BitTorrent too. Its TVL is now small, so check liquidity before trading.

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

6.2/10

Mixed

Visit SpookySwap V2

Our verdict on SpookySwap V2

6.2/10

SpookySwap V2 suits experienced DeFi users who already trade on Fantom or Sonic and want a familiar AMM swap venue. Its main strength is a simple, non-custodial swap and liquidity model with listed audits. The main caveat is its small TVL of about $881K, which can mean thin liquidity and more slippage. Check fees, audit reports and pool depth on the official site before committing funds.

Score breakdown

How SpookySwap V2 scores

Security: 6.0/10
Ease of use: 7.0/10
Fees: n/a
Features: 6.0/10

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 SpookySwap V2?

SpookySwap V2 is a decentralized exchange that works as an automated market maker. DefiLlama lists it under Dexs on Fantom, BitTorrent, Sonic and Horizen EON, with the BOO token and three listed audits.

Its total value locked is about $881,000, down roughly 13% over the past week. That is modest for a DEX, which affects how much you can trade before the price moves against you.

Its homepage in the data is nearly empty, so most details here come from DefiLlama. Readers should confirm current features, fees and token utility on the official site and docs.

How SpookySwap V2 works

SpookySwap V2 is an automated market maker. Instead of matching buyers and sellers, it holds pools of two tokens. A formula sets the price based on the ratio of tokens in the pool, and each trade shifts that ratio.

Liquidity providers deposit token pairs into pools and earn a share of trading fees. In return they accept impermanent loss, which happens when the relative price of the two tokens moves after they deposit.

The protocol also has a token, BOO, listed on DefiLlama. How it is used for rewards or governance is not described publicly.

5 features

Key features

Automated market maker

Swaps run against on-chain liquidity pools priced by a formula, so no counterparty or order book is needed.

Multi-chain deployment

DefiLlama lists Fantom, Sonic, BitTorrent and Horizen EON, so users can trade on more than one network.

Liquidity provision

Users can deposit token pairs into pools to supply liquidity, a standard function of AMM DEXs.

BOO token

BOO is the native token linked to the protocol; its specific uses are not detailed publicly.

Listed audits

DefiLlama shows three audits listed for the protocol.

Pros and cons

What we like

Simple AMM swap model that is easy to understand.
Runs on several networks, including Fantom and its successor Sonic.
DefiLlama lists three audits for the protocol.
Has its own token, BOO, and long-standing ties to the Fantom ecosystem.
Non-custodial: you trade from your own wallet.

Watch out for

TVL of about $881K is small for a multi-chain DEX, which can mean thin liquidity and higher slippage on larger trades.
TVL fell 13% over the last 7 days.
Fees, audit names and audit dates are not given publicly, so users must check them elsewhere.
Liquidity providers face impermanent loss and smart-contract risk, as with any AMM.
Its homepage in the data is nearly empty, so product details could not be confirmed from the site itself.

SpookySwap V2 fees

Fee details are not published. On a typical AMM, each swap pays a percentage fee that is mostly passed to liquidity providers. The exact rate for SpookySwap V2 should be visible in the swap interface and documentation.

Users also pay network gas fees on whichever chain they use, plus slippage on pools with thin liquidity. With TVL under $1M, slippage may matter on bigger orders.

Is SpookySwap V2 safe?

DefiLlama lists three audits, but the project does not name the auditors or give dates, so users should look up the reports. Audits reduce but do not remove smart-contract risk. Funds in liquidity pools can be lost to exploits or impermanent loss.

The protocol is non-custodial, so you keep your keys, but you are responsible for wallet security and for avoiding fake sites. No incidents or regulatory status are described publicly.

6 steps

How to get started with SpookySwap V2

1
Confirm you are on the official SpookySwap site and not a copycat.
2
Install a compatible wallet and add the network you want, such as Fantom or Sonic.
3
Fund the wallet with the network's gas token and the tokens you plan to swap.
4
Connect the wallet and check the price impact and fee shown before you approve a swap.
5
Start with a small trade to confirm the route and costs.
6
If you provide liquidity, learn about impermanent loss first and review the audit reports.

Open SpookySwap V2

Who SpookySwap V2 is for

SpookySwap V2 is for DeFi users on Fantom, Sonic or BitTorrent who want to swap tokens or provide liquidity and are comfortable with AMM risks such as impermanent loss and smart-contract exposure. It is less suited to large traders who need deep liquidity.

SpookySwap V2 FAQs

What is SpookySwap V2?

SpookySwap V2 is a decentralized exchange built as an automated market maker. Users swap tokens against liquidity pools instead of an order book. DefiLlama lists it in the Dexs category.

Which blockchains does SpookySwap V2 support?

DefiLlama lists Fantom, BitTorrent, Sonic and Horizen EON for the protocol. It is best known as a Fantom-native DEX, and Sonic is the successor network to Fantom.

What is the BOO token?

BOO is the token DefiLlama associates with SpookySwap. Public sources provided do not describe its exact utility, so check the project's official documentation for current details.

Is SpookySwap V2 safe?

Public sources say DefiLlama lists three audits, but they do not name the auditors or give dates. Any DEX still carries smart-contract risk, so read the audit reports and only use funds you can afford to lose.

What are the fees on SpookySwap V2?

Fee levels are not stated publicly. Swap fees on AMMs typically go partly to liquidity providers, and the interface shows the fee and price impact before you confirm.

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