Veax Review 2026: Single-Sided Liquidity DEX on NEAR

Veax is a decentralised exchange built natively on the NEAR blockchain. It describes itself as a single-sided liquidity management DEX with features drawn from traditional finance. The company is described as Swiss, and its stated goal is a user-friendly DEX that also offers products such as derivatives trading.

A November 2022 news report says Veax raised $1.2 million in pre-seed funding, while a company profile lists it as a seed round. Another source names Circle Ventures and Tacans Labs among the investors and lists several core team members. A guide on the project states that mainnet launched on April 27 and that Veax soon became the second largest DEX on NEAR.

There is also a VEAX token. Market trackers describe it as not yet tradable on the exchanges they follow. The project's own homepage was not available to confirm current product scope, fees or audits, so readers should verify those details directly with the project.

A decentralised exchange lets people swap tokens directly from their wallets without handing funds to a company. Prices are set by liquidity pools, which are pots of tokens supplied by users who earn a share of trading fees. In most pools a provider must deposit two assets in matching value.

Veax describes itself as a single-sided liquidity management DEX. That means providers can supply liquidity with one asset, which removes the step of matching two assets. The project does not publish the technical details of how it balances the pools in the sources reviewed.

The platform runs on NEAR, so trades and deposits are signed from a NEAR wallet and settled on that chain. Veax also states an ambition to offer products such as derivatives trading, borrowing from traditional finance, but the extent of what is live today is not confirmed.

Veax does not publish fee figures in the sources reviewed. This covers swap fees, liquidity provider fees and any derivatives costs. Users should check the trading interface and official documentation for the current fee schedule before committing funds.

On any DEX, you also pay network transaction fees on NEAR, and larger trades can suffer slippage in thin pools. Those costs are separate from whatever Veax charges.

The sources reviewed do not mention smart-contract audits, a bug bounty or incident history. Users should look for audit reports on the official site before depositing. Using a DEX means you keep custody of your own assets, but you carry smart-contract risk and the risk of wallet or phishing mistakes.

Veax is described as a Swiss firm, but no licence or regulatory status is stated in the sources. Derivatives products in particular can be restricted in some jurisdictions, so check the rules where you live. Only fund an account with money you can afford to lose.

Veax is for DeFi users already on NEAR who want to supply liquidity with a single asset and are comfortable checking audits and fees themselves. It is less suited to beginners who need clear, published fee tables and security documentation, or to anyone who needs a regulated product.