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SquadSwap Review 2026: DEX Fees and Risks

SquadSwap is a community-backed DEX for swapping tokens and providing liquidity, with 90% of fees directed to liquidity providers. Its fee rate, supported networks and audit details need closer scrutiny.

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

5.5/10

Mixed

Visit Squadswap

Our verdict on Squadswap

5.5/10

SquadSwap may suit users looking for a community-oriented DEX with token swaps, liquidity provision and an embeddable trading widget. Its clearest stated benefit for liquidity providers is a 90% share of fees. However, the swap fee rate, supported networks and detailed audit information are not established in the project overview. Review the fee terms, contract reports and token details before connecting a wallet or supplying liquidity.

Score breakdown

How Squadswap scores

Security: n/a
Ease of use: 6.0/10
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 Squadswap?

SquadSwap describes itself as a decentralized exchange built for the Squad NFT community and other users. Its stated offerings include token swaps, liquidity provision and a widget that other projects can integrate. The documentation also lists a smart router, fee manager and private RPC.

The project says liquidity providers receive 90% of fees, but does not state the swap fee rate in its overview. A related SquadSwap application is listed for TON; the main DEX’s full network support is not clear. The project names SQUAD as its token and describes points as a non-transferable measure of platform activity.

How Squadswap works

SquadSwap is a decentralized exchange: users connect a Web3 wallet, choose tokens and approve a transaction from that wallet. The project lists a smart router, but does not establish how it selects routes or which liquidity sources it uses. Token and network support should be checked in the app before trading.

Users can also supply tokens to liquidity pools. SquadSwap says liquidity providers receive 90% of fees, but the fee rate and detailed distribution rules are not stated in its overview. Pool positions can lose value relative to simply holding the deposited tokens, and smart-contract failures or unsafe tokens can result in losses.

5 features

Key features

Token swaps

SquadSwap presents token swapping as its core product. It describes swaps as direct and fast, but does not establish the full list of supported assets or networks.

Liquidity provision

Users can provide liquidity and receive a share of trading fees. SquadSwap says 90% of fees go to liquidity providers; providing liquidity also carries impermanent-loss and contract risks.

Smart router

The documentation lists a smart router, though the routing method and supported venues are not established.

Trading widget

The project says other sites can integrate a trading widget and earn fees from trades. Integration requirements and the exact fee arrangement are not specified in the overview.

Activity points

SquadSwap Points are described as a non-transferable measure of platform activity. The full earning rules and any redemption value are not established.

Pros and cons

What we like

Supports both token swaps and liquidity provision.
States that 90% of fees go to liquidity providers.
Offers a widget intended for integration into other projects or websites.
Lists documentation for platform products, points and audit reports.

Watch out for

The swap fee rate and other transaction costs are not stated in the project overview.
The specific chains and tokens supported by the main DEX are not clearly established.
The site says its contracts are audited, but the auditor, audit scope and report findings are not established here.
Liquidity providers can lose value through impermanent loss, and smart-contract or token risks remain.
The docs do not establish the team, governance arrangements or the details of the SQUAD token's utility.

Squadswap fees

SquadSwap says 90% of fees go to liquidity providers, but the swap fee rate and any other charges are not published in the project overview. The documentation lists a Fee Manager, but its specific settings and fee schedule are not established here.

Check the fee information in the swap interface and project documentation before confirming a trade. Network transaction fees may also apply.

Is Squadswap safe?

SquadSwap says its contracts are audited and provides an Audit Reports section, but the auditor, scope and findings are not established here. Treat that claim as a starting point and examine the reports themselves before interacting with contracts.

As with other DEXs, users face smart-contract, token, wallet and liquidity risks. Liquidity providers may experience impermanent loss. The project’s licensing status and KYC requirements are not established. Use crypto services only where legal and only if you are 18 or older.

6 steps

How to get started with Squadswap

1
Check that the SquadSwap app and the network you plan to use are supported; the project’s main network coverage is not clearly established.
2
Set up a compatible Web3 wallet, such as MetaMask or Trust Wallet, and secure its recovery phrase offline.
3
Connect your wallet to the SquadSwap app.
4
Choose the tokens you want to swap and review the quoted amount and transaction details.
5
Check the swap fee, network fee and token contract, then confirm the transaction in your wallet.
6
For liquidity provision, review the pool terms and the risks of impermanent loss before depositing.

Open Squadswap

Who Squadswap is for

SquadSwap is aimed at crypto users who want to swap tokens or provide liquidity, particularly people connected to the Squad NFT community. It may also interest projects looking for an exchange widget, but users should first confirm network support, fees and contract details.

Squadswap FAQs

What is SquadSwap?

SquadSwap describes itself as a decentralized exchange for swapping cryptocurrencies. It also lists liquidity provision, a trading widget and products such as a smart router in its documentation.

What fees does SquadSwap charge?

The project says liquidity providers receive 90% of fees, but it does not state the underlying swap fee rate in the overview. Check the trade interface and fee documentation before making a transaction.

What is the SQUAD token?

SquadSwap identifies SQUAD as its token. The available product description does not establish its full utility or token economics, so consult the project’s token documentation before buying or using it.

Has SquadSwap been audited?

SquadSwap says its smart contracts are audited and lists an Audit Reports section. The auditor, scope and findings are not established here, so review the actual reports before depositing funds.

Which networks does SquadSwap support?

A related SquadSwap application is listed for TON, but the main DEX’s complete network support is not clear. Confirm the network and token contract in the app before connecting or trading.

Is SquadSwap safe to use?

The project describes itself as a decentralized exchange, but that does not remove smart-contract, token or liquidity risks. Check that crypto trading is legal where you live, and use crypto services only if you are 18 or older.

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