UdonSwap Review 2026: A Small Bitkub Chain DEX

UdonSwap is a decentralized exchange on Bitkub Chain, the KUB network. It describes itself as a seamless DEX and says it offers cheaper and faster trading than Uniswap, along with farms and a lottery for UDO.

The docs describe a Uniswap V2-based design, so it works through liquidity pools rather than order books. The project has been listed on the main DeFi tracker since April 2025 and publishes 21 repositories on GitHub.

It is a small venue. Total value locked is about $328,000, and the 7-day change is around -1.5%. The tracker lists no audits and no token of its own, although the homepage refers to UDO in connection with its lottery.

UdonSwap is an automated market maker. Instead of matching buyers and sellers, it holds reserves of token pairs in smart-contract liquidity pools. A trader swaps one token for another against a pool, and the price moves based on the ratio of the two reserves.

Liquidity providers deposit pairs of tokens into these pools and receive pool tokens in return. They earn a share of swap fees, and the farms can add further rewards for staking those pool tokens. The documentation says the design follows the Uniswap V2 model.

The site also advertises a lottery for UDO. Its homepage does not detail how tickets, prizes or draws work, so users should read the docs before taking part.

UdonSwap's homepage does not publish a fee schedule. Uniswap V2-style exchanges usually charge a small swap fee that is paid to liquidity providers, but the exact rate and any protocol share should be confirmed in the docs or on the swap interface before trading.

Users also pay network gas fees on Bitkub Chain in KUB. The homepage claims the exchange is cheaper and faster than Uniswap, but it gives no figures to back this up.

UdonSwap is non-custodial, so funds stay in your wallet except when deposited into pool contracts. The main risks are smart-contract bugs, impermanent loss, and thin liquidity in a small protocol.

The documentation says the protocol undergoes regular audits, but the main DeFi tracker lists no audits and no report is named. The team is not identified in the material reviewed, and no incident history is recorded. Verify contract addresses through the official docs before approving transactions.

The lottery is a game of chance. Participants must be 18 or older, should play responsibly and should check that such activities are legal where they live.

UdonSwap is for users on Bitkub Chain who want a native DEX for swaps and farming, and who accept the risks of a small, single-chain protocol. It is less suited to large traders, who may face heavy price impact, or to anyone who requires audited contracts with published reports.