DEXes · Review
SquidSwap Review 2026: Ink Token Trading
SquidSwap is an Ink-based decentralized exchange that says it supports launching, locking, and trading tokens. Its mechanics, fees, and security details are not clearly published, so users should verify the platform before interacting with it.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on SquidSwap
SquidSwap may suit Ink users looking for a place to launch, lock, or trade tokens. Those are the project’s stated functions, but detailed instructions, supported assets, and fee information are not published. The main caveat is that contract security is difficult to assess: no audit is listed, and technical or custody details are unclear. Verify the official app and contract addresses independently, and review each transaction before signing.
Score breakdown
How SquidSwap scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
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 SquidSwap?
SquidSwap describes itself as a decentralized platform on Ink for launching, locking, and trading tokens. It is listed on Ink and names SQUIDS as its token.
The project does not publish detailed documentation on how these features work, which tokens it supports, or what fees it charges. Its homepage could not be verified, and no audit is listed, so users should treat the platform’s mechanics and contract security as unclear.
How SquidSwap works
SquidSwap is described as a decentralized exchange and token-launch platform on Ink. Its stated functions include launching tokens, locking tokens, and trading them. As with other decentralized exchanges, trading generally involves wallet transactions and smart contracts rather than an account with a centralized broker.
SquidSwap does not publish enough technical detail to explain its launch rules, lock conditions, trading routes, or contract design. Treat those mechanics as unverified and review any transaction and token approvals carefully before signing.
3 features
Key features
01
Token launches
The project describes tools for launching tokens on Ink, but does not publish detailed launch mechanics.
02
Token locking
SquidSwap says users can lock tokens; lock periods and withdrawal terms are not published.
03
Token trading
The platform describes token trading on Ink, but does not publish supported pairs or routing details.
Pros and cons
What we like
- Offers token launching, locking, and trading in one stated platform.
- Built on Ink, the network identified by the project.
- The project names its own token, SQUIDS.
Watch out for
- The homepage is unavailable, making it difficult to verify how the platform works or which features are currently live.
- Fees, supported tokens, and liquidity details are not published.
- No audit is listed, so the security of its contracts is unclear.
- There is little published detail about the team, governance, or token-locking terms.
SquidSwap fees
SquidSwap does not publish a fee schedule. Check the transaction preview in its interface for any platform charges and network fees before confirming a transaction; the interface could not be verified here.
Is SquidSwap safe?
No audit is listed for SquidSwap, and the project does not publish details about its smart contracts, custody model, team, or security practices. Using a decentralized exchange can expose users to smart-contract bugs, token risks, and irreversible transaction errors. Verify the app and contract addresses before connecting a wallet or granting token approvals.
Licensing and KYC requirements are not published. This is not a gambling service; users should still follow local laws and take care with financial risk.
4 steps
How to get started with SquidSwap
- 1
Find SquidSwap’s official app through a project-controlled channel and verify the domain and contract addresses before using it.
- 2
Use a wallet that supports Ink and check that you are connected to the correct network.
- 3
Review the token, lock terms, trade details, and any fees shown in the interface before proceeding.
- 4
Confirm a transaction only if you understand the amount, approvals, and any lock or withdrawal restrictions.
Who SquidSwap is for
SquidSwap is aimed at Ink users interested in token launches, token locking, or decentralized token trading. It is a poor fit for anyone who needs published fee terms, clear contract documentation, or independently verifiable security assurances before using a platform.
SquidSwap FAQs
What is SquidSwap?
SquidSwap describes itself as a decentralized platform on Ink for launching, locking, and trading tokens. Detailed product documentation is not published.
Which blockchain does SquidSwap use?
SquidSwap is listed on Ink. Confirm that any app or contract you use is the project’s official one before connecting a wallet or approving a transaction.
What fees does SquidSwap charge?
No fee schedule is published. Check the transaction details in the interface before confirming any trade or token-related action.
Compare
SquidSwap alternatives
Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
Uniswap V2 is a non-custodial automated market maker DEX on 17 chains for token swaps and liquidity provision, with about $938M TVL.
Nado is an order-book DEX on the Ink layer-2 offering spot and perpetual futures with cross-margin, for active on-chain traders.
Velodrome V3 is Slipstream, the concentrated liquidity layer of Velodrome Finance, a DEX on Optimism and nine other chains for traders and liquidity providers.
Velodrome V2 is a Solidly-based AMM DEX that began on Optimism and now runs on 11 chains, for traders and liquidity providers.
Same category
More DEXes
Curve is a decentralized exchange on Ethereum built for low-slippage swaps of stablecoins and similar assets, with CRV governance and a crvUSD stablecoin.
PancakeSwap is a BNB Smart Chain decentralized exchange with swaps, farming, staking and CAKE governance for self-custody DeFi users.
PancakeSwap AMM V3 is a multichain decentralized exchange using concentrated liquidity pools, for traders and liquidity providers, led by BNB Chain.
PancakeSwap V2 is a constant-product AMM DEX mainly on BNB Chain for swapping tokens, providing liquidity and farming CAKE rewards.
THORChain is a Layer 1 DEX for swapping native assets across blockchains without wrapped tokens or bridges, aimed at self-custody and no-KYC users.
Raydium is a decentralized exchange and automated market maker on Solana, built around fast, low-cost swaps and liquidity pools.
Same chain
More on Ink
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Across is an intent-based cross-chain bridge and swap protocol for moving tokens between Ethereum, rollups and other chains, with an API for apps.
vfat.io is a non-custodial, multi-chain yield aggregator and portfolio manager built on the Sickle smart contract wallet, for active DeFi farmers.
Veda is a DeFi vault infrastructure platform that lets exchanges, wallets and protocols offer cross-chain yield products, with about $1.8B TVL.
USDT0 is Tether's omnichain system that puts USDT and tokenized gold (XAUT0) on 25+ blockchains, for users and protocols needing unified stablecoin liquidity.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.