DEXes · Review

Active

VaporDex V1 Review 2026: Small Multi-Chain DEX With Rewards

VaporDex V1 is a small decentralized exchange on Avalanche, Telos and ApeChain that pairs token swaps with a rewards feature. It has been listed since December 2022, but liquidity is low and no audits are listed.

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

5.0/10

Mixed

Visit VaporDex V1

Our verdict on VaporDex V1

5.0/10

VaporDex V1 suits users already on Avalanche, Telos or ApeChain who want a simple wallet-based swap tool with a rewards angle. Its main strength is a straightforward non-custodial interface across three chains. The main caveat is size and transparency: liquidity is around $289,000, no audits are listed, and the fee and reward mechanics are not published on the swap page. Treat it as a small, higher-risk venue and keep trades modest.

Score breakdown

How VaporDex V1 scores

Security: 4.0/10
Ease of use: 6.5/10
Fees: n/a
Features: 5.5/10

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 VaporDex V1?

VaporDex V1 is a decentralized exchange built by VaporFi that lets users swap tokens from their own wallet. It is listed on Avalanche, Telos and ApeChain and has been tracked since December 2022. Its tagline promises to be the most rewarding DEX, with rewards that boost savings simply by using it.

The swap interface is plain: pick a sell token and a buy token, enter an amount, and view a price chart. There are also Earn and Trade sections. A search snippet describes the platform as covering swaps, liquidity pools and bridging, with route-comparing aggregators.

It is a small protocol. Total value locked is about $289,000, it has a native token (VAPE), and no audits are listed. That makes it an option for people already active on these chains who want to try the rewards feature, rather than a main venue for large trades.

How VaporDex V1 works

VaporDex is a decentralized exchange, which means trades are executed by smart contracts rather than an order book run by a company. Users connect their own wallet, pick two tokens and swap them against pools of tokens that liquidity providers have deposited. The price depends on the balance of each pool, so a trade that is large relative to the pool moves the price more.

One search snippet says the platform also supports liquidity pools and bridging, and uses built-in aggregators to compare routes. The homepage adds a Save & Earn Rewards feature that is meant to pay rewards automatically as you use the exchange. The VAPE token is listed as the protocol's token, but the swap page does not explain how the rewards are funded or paid out.

The app runs on Avalanche, Telos and ApeChain, so you need a wallet set up for each network you want to use.

7 features

Key features

Wallet-based token swaps

Pick an input and output token, set an amount (with a 50% or MAX shortcut) and trade straight from a connected wallet.

Send to another address

The app lets you send swapped tokens to a different address, which is useful for paying someone or moving funds to another wallet.

Rewards for usage

The homepage advertises a Save & Earn Rewards feature, with rewards earned automatically by using the DEX.

Built-in price charts

The swap screen shows a price chart with 1h, 24h, 7d and 30d windows once tokens are selected.

Swap, Earn and Trade tabs

Navigation lists Swap, Earn and Trade sections, so swapping, earning and trading live in one app.

Liquidity and routing tools

One search snippet describes the platform as covering swaps, liquidity pools and bridging, with built-in aggregators that compare trading routes.

Three supported chains

The DEX runs on Avalanche, Telos and ApeChain, so users can pick the network that suits them.

Pros and cons

What we like

Non-custodial design: you trade straight from your own wallet
Runs on three chains, including lower-fee networks such as Telos and ApeChain
Rewards feature aims to give users something back for trading
Simple swap screen with built-in price charts and a send-to-another-address option
Live since December 2022, so it has operated for several years

Watch out for

Total value locked is only about $289,000, so liquidity is thin and larger swaps may see heavy price impact
No audits are listed for the protocol
The team, fee schedule and reward mechanics are not published on the swap page
The VAPE token is tied to the rewards model, which adds token-price risk
The app runs on only three chains, and Telos and ApeChain have far less liquidity than the largest networks

VaporDex V1 fees

VaporDex does not publish a fee schedule on its swap page. Swap fees, any liquidity provider fees and the mechanics behind the rewards feature are not described there, so users would see actual costs on the quote screen before confirming a trade.

On any DEX you also pay the network gas fee on the chain you use, plus slippage on thin pools. With total value locked at roughly $289,000, price impact is the cost to watch most closely.

Is VaporDex V1 safe?

VaporDex is non-custodial, so funds stay in your wallet until you approve a swap. The main risks are smart-contract bugs, thin liquidity and token-price risk from VAPE. No audits are listed for the protocol, and the swap page does not name the team or describe any bug bounty or insurance.

VaporDex does not state any regulatory status. DEX use can carry legal or tax obligations depending on where you live, so check your local rules. Only trade with money you can afford to lose and verify the app address before connecting a wallet.

6 steps

How to get started with VaporDex V1

1
Install a compatible wallet and fund it with the native gas token for your chosen chain: AVAX for Avalanche, TLOS for Telos or APE for ApeChain.
2
Open the VaporDex app and choose Connect Wallet.
3
Select the sell and buy tokens on the Swap tab and check the price chart.
4
Enter an amount, or use the 50% or MAX shortcut, and review the quote, price impact and fees.
5
Start with a small test trade, then confirm the transaction in your wallet.
6
Look at the Earn tab to see how rewards work before putting larger sums in.

Open VaporDex V1

Who VaporDex V1 is for

VaporDex V1 is for crypto users who already hold assets on Avalanche, Telos or ApeChain and are comfortable with wallet-based DeFi. It suits those who want to experiment with the rewards feature in small amounts. It is not well suited to large traders who need deep liquidity, or to anyone who requires audited contracts and a named team.

VaporDex V1 FAQs

What is VaporDex V1?

VaporDex V1 is a decentralized exchange for swapping tokens from your own wallet. It runs on Avalanche, Telos and ApeChain, and it advertises rewards for using the platform. It is part of the VaporFi project.

Which blockchains does VaporDex support?

The protocol's listing shows Avalanche, Telos and ApeChain. The swap page says tokens can be swapped across supported chains, so check which networks your wallet needs before connecting.

Does VaporDex have a token?

The protocol's own token is VAPE. The rewards feature is described as automatically boosting savings through usage, but the swap page does not spell out how rewards are calculated.

Is VaporDex custodial?

Not by default. You connect your own wallet and trade from it, so the exchange does not hold your funds for you. Smart-contract risk still applies, and no audits are listed for the protocol.

What are the fees on VaporDex?

Swap fees and any reward-related deductions are not published on the swap page. Check the quote screen in the app before confirming, and remember you also pay the network gas fee on each chain.

Is VaporDex liquid enough for large trades?

Liquidity is modest, with about $289,000 in total value locked. Smaller pools mean higher slippage on large orders, so keep trade sizes small and review the price impact shown before you sign.

Compare

VaporDex V1 alternatives

All alternatives

Uniswap V3

DEXes

Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.

TVL $1.52B−1.8%Ethereum · Base · Arbitrum +38

Uniswap V4

DEXes

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.

TVL $1.18B+3.6%Ethereum · Robinhood Chain · Base +19

Uniswap V2

DEXes

Uniswap V2 is a non-custodial automated market maker DEX on 17 chains for token swaps and liquidity provision, with about $938M TVL.

TVL $870M−3.6%Ethereum · Base · Polygon +14

THORChain DEX

DEXes

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.

TVL $61.3M−5.3%THORChain · Bitcoin · Ethereum +10

SushiSwap

DEXes

SushiSwap is a multichain decentralized exchange with a swap aggregator, perps, staking and liquidity pools for self-custody DeFi traders.

TVL $35.5M−0.8%Ethereum · Polygon · Arbitrum +32

Balancer V2

DEXes

Balancer V2 is a non-custodial AMM protocol for programmable liquidity pools on Ethereum and eight other EVM chains, aimed at traders and liquidity providers.

TVL $16.5M−1.0%Ethereum · Polygon · Arbitrum +6

Same category

More DEXes

DEXes rankings

Curve

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.

Ethereum