DEXes · Review

WannaSwap Review 2026: Small Aurora DEX With Thin Liquidity

WannaSwap is an automated market maker on NEAR's Aurora EVM, listed since December 2021. It remains a small, low-liquidity venue, best treated as a niche option rather than a main trading hub.

Aurora

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

4.3/10

Weak

Our verdict on WannaSwap

4.3/10

WannaSwap suits experienced DeFi users who already operate on Aurora and want a small AMM with its own token. Its main strength is the simple, familiar swap and liquidity pool design on an EVM-compatible chain. The main caveat is scale: about $111,000 in TVL and very low trading volume mean high slippage, limited exit liquidity and uncertainty about ongoing development. Newcomers should favor deeper venues and, if they try WannaSwap, use small amounts after verifying the official site.

Score breakdown

How WannaSwap scores

Security: 4.5/10
Ease of use: 6.0/10
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 WannaSwap?

WannaSwap is a decentralized exchange on Aurora, the EVM-compatible layer that runs on the NEAR network. It describes itself as the liquidity central of Aurora. A DeFi data tracker has listed it since December 2021 and records a native token, WANNA, and two audits.

The scale is small. Total value locked is about $111,000, down roughly 4.6% over the past week, and one price page showed only a few hundred dollars of 24-hour trading volume. The token trades at a fraction of a cent.

The project's X account has run social-task reward campaigns for wallets that used its features. Details such as the team, fee schedule and audit reports are not published in the sources reviewed, so readers should verify these themselves.

How WannaSwap works

WannaSwap is an automated market maker. Instead of matching buyers and sellers in an order book, it holds pools of two tokens. The price is set by the ratio of tokens in the pool, and each swap shifts that ratio.

Liquidity providers deposit both tokens into a pool and receive a claim on it. In return they typically earn a share of trading fees, and some platforms add token rewards on top. Providers carry impermanent loss, which occurs when the relative price of the two tokens changes after deposit.

The protocol runs on Aurora, an EVM environment on NEAR, so it works with standard Ethereum-style wallets. The WANNA token is the project's own asset.

5 features

Key features

Token swaps

Users swap tokens directly against on-chain liquidity pools instead of an order book, as on other automated market makers.

Liquidity pools

Users can deposit token pairs into pools to supply liquidity and earn a share of trading activity.

WANNA token

WANNA is the native token, listed in a DeFi data tracker with the project's own price and volume.

Aurora EVM deployment

The project is built on NEAR's Aurora EVM, which brings Ethereum-style wallets and tooling to NEAR.

Community reward campaigns

The project has run social reward tasks for wallets that used its features, according to its X account.

Pros and cons

What we like

Straightforward automated market maker model that is familiar to DeFi users
Runs on Aurora, so standard EVM wallets work
Two audits are listed by a DeFi data tracker
Has its own token, WANNA, with a public market listing
Has been listed since December 2021, which gives it a multi-year history

Watch out for

TVL of roughly $111,000 is very small, so large trades can move prices sharply
Trading volume looks minimal; one price page showed about $483 in 24-hour volume
The Aurora ecosystem is far smaller than Ethereum or the major layer 2s, which limits liquidity and integrations
The team, token distribution details and audit reports are not published in the sources reviewed
The project's website could not be confirmed, so users should verify any link before connecting a wallet
The WANNA token trades at a fraction of a cent and its price has been volatile

WannaSwap fees

WannaSwap's fee schedule is not published in the sources reviewed. Swap fees on automated market makers are usually a small percentage of each trade that goes to liquidity providers, and the exact figure appears in the swap interface before you confirm.

On top of that, users pay gas on Aurora in ETH. Because pools are thin, price impact and slippage are likely to cost more than the stated fee on anything but small trades.

Is WannaSwap safe?

A DeFi data tracker lists two audits for WannaSwap, but the auditors and reports are not detailed in the sources reviewed. Treat audits as a partial safeguard. Smart-contract bugs, pool manipulation and rug-style risks remain possible on any small DEX.

Liquidity is thin, which raises the risk of sharp price swings and poor execution. Users hold their own assets in their wallets, but funds placed in pools are exposed to contract risk. Aurora also depends on bridges, which add another layer of risk. No licence or regulatory status is published. Check that using DeFi services is legal where you live.

6 steps

How to get started with WannaSwap

1
Confirm the official WannaSwap site through its verified X account rather than a search ad or a random link.
2
Set up an EVM-compatible wallet and add the Aurora network.
3
Bridge a small amount of ETH or another supported asset to Aurora, keeping some ETH for gas.
4
Connect the wallet to the app and check the pool depth and price impact for your pair before swapping.
5
Start with a small test swap and confirm the received amount.
6
If you provide liquidity, review impermanent loss and withdraw procedures first, and only commit what you can afford to lose.

Who WannaSwap is for

WannaSwap is for DeFi users who already hold assets on Aurora and are comfortable with small, higher-risk pools. It is a poor fit for large traders or anyone who needs deep liquidity and a well-documented team.

WannaSwap FAQs

What is WannaSwap?

WannaSwap is a decentralized exchange built on Aurora, the EVM environment that runs on the NEAR network. It describes itself as the liquidity central of Aurora and lets users swap tokens and supply liquidity through on-chain pools.

What is the WANNA token used for?

WANNA is the project's own token. Its exact utility is not detailed in the sources reviewed, though tokens of this kind on automated market makers are typically used for rewards and governance. Check the project's official channels for the current token design.

Which blockchain does WannaSwap use?

WannaSwap runs on Aurora, an EVM-compatible chain on the NEAR ecosystem. You need a wallet that supports EVM networks and a small amount of ETH on Aurora to pay gas.

Is WannaSwap audited?

Two audits are listed for the project in a DeFi data tracker, but the reports and auditor names are not covered in the sources reviewed. An audit reduces code risk but does not remove it, and small pools carry extra risk from low liquidity.

What are WannaSwap's fees?

The project's own fee schedule is not published in the sources reviewed. Fees are normally shown in the swap interface before you confirm, along with the network gas cost on Aurora.

Is WannaSwap still active?

The project shows a small amount of locked value, about $111,000, and a small trading volume. Whether it is still actively maintained is not confirmed, so check its social channels and the app before putting in funds.

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