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XSwap Protocol V3 Review 2026: XDC's Early AMM DEX

XSwap Protocol V3 is an automated market maker DEX and launchpad on the XDC Network, built for swapping XRC20 tokens and earning from liquidity pools. It was one of the first DEXs on XDC, but liquidity looks thin and audit details are not published.

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

5.3/10

Mixed

Our verdict on Xswap Protocol V3 Xdc

5.3/10

XSwap Protocol V3 suits users already on the XDC Network who want a native place to swap XRC20 tokens, provide liquidity or use launchpad tools. Its main strength is its early position on XDC and a straightforward wallet-based workflow. The main caveat is thin liquidity combined with unpublished audit and fee details, which makes it a high-risk venue. Start with small amounts and check slippage before every trade.

Score breakdown

How Xswap Protocol V3 Xdc scores

Security: n/a
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 Xswap Protocol V3 Xdc?

XSwap Protocol V3 is a decentralized exchange and automated market maker on the XDC Network. It lets users swap XRC20 tokens and earn rewards by providing liquidity. Coverage from its November 2021 launch described it as the first native DEX on XDC, positioned as an alternative to PancakeSwap and Uniswap for that chain.

Beyond swaps, the project describes a launchpad with token locking and multisending for XRC20 and XRC721 assets. The V3 interface shows tokens, pools, activity and charts, and offers a route to migrate liquidity from V2. XSP is the project's own token.

Trading activity looks small. One market snapshot showed a market cap around $172K and 24-hour volume under $1,000. The project does not publish audit reports, team details or fees in the material reviewed, so readers should verify these themselves.

How Xswap Protocol V3 Xdc works

XSwap is an automated market maker. Instead of matching buyers and sellers, it holds pools of two tokens. A formula sets the price from the ratio of tokens in the pool, and each swap shifts that ratio.

Liquidity providers deposit tokens into pools and earn rewards from trading activity. Because XDC is the main asset on the network, it also serves as a common bridge in swap routes. Version 3 adds an updated interface with token, pool, activity and chart views, and lets liquidity providers move positions over from V2.

The project also has a launchpad aimed at early-stage XDC projects. It supports token locking and multisending of XRC20 and XRC721 assets. All activity happens through a connected wallet, so users keep custody of their tokens, but they depend on the smart contracts working as intended.

7 features

Key features

AMM token swaps

Users swap XRC20 tokens directly against liquidity pools instead of through an order book or a central intermediary.

V3 DEX interface

The V3 interface lists tokens, pools, activity and charts, so users can check market data inside the app.

Liquidity pools and rewards

Users can supply tokens to pools and earn rewards from the swaps that use them. Early coverage also mentioned staking and farming.

V2 to V3 migration

The V3 DEX lets liquidity providers move positions from the earlier V2 pools to V3.

Launchpad tools

The project describes a launchpad that supports locking tokens and multisending XRC20 and XRC721 assets.

XDC-native design

Early coverage said XDC acts as the mediating asset in swap operations, tying the DEX closely to the XDC Network.

Multiple wallet options

The docs cover MetaMask, XDCPay and D'Cent, including hardware-wallet use with biometric devices.

Pros and cons

What we like

Early native DEX on the XDC Network with a launchpad alongside it
Works with several wallets, including MetaMask, XDCPay and the D'Cent hardware-linked app
V3 interface shows tokens, pools, activity and charts in one place
Supports migrating liquidity from V2 to V3
Wallet-based and non-custodial, so users control their own tokens

Watch out for

Liquidity and trading volume look very small, with one snapshot showing a market cap of about $172K and 24-hour volume under $1,000
Audit reports, team details and fee schedules are not published in the material reviewed
Only supports the XDC Network, so users need XDC and XRC20 tokens and a compatible wallet
The XSP token trades at a fraction of a cent, which carries high price risk
Thin pools mean larger swaps can suffer heavy slippage

Xswap Protocol V3 Xdc fees

The material reviewed does not publish a swap fee percentage, liquidity provider fee split or launchpad pricing. Users would see the expected fees and price impact in the swap interface before confirming a trade.

On top of any pool fee, every transaction on the XDC Network requires XDC for gas. With thin liquidity, slippage can cost more than the stated fees on larger trades.

Is Xswap Protocol V3 Xdc safe?

The material reviewed does not mention a smart-contract audit, a bug bounty or a named team, so contract risk is unquantified. The project does host code repositories publicly, which allows independent review, but that is not a substitute for an audit.

Low liquidity raises practical risks: price manipulation, high slippage and difficulty exiting positions. Liquidity providers also face impermanent loss. As with any DEX, token approvals can be revoked in the wallet when not needed. Regulatory status is not stated, and users should check the rules where they live.

6 steps

How to get started with Xswap Protocol V3 Xdc

1
Set up a compatible wallet such as MetaMask, XDCPay or the D'Cent app.
2
Add XDC Mainnet to the wallet (MetaMask users can do this through a network list) and switch to it.
3
Fund the wallet with XDC for gas, plus any XRC20 tokens you want to trade.
4
Open the XSwap V3 app in the wallet's browser or in Chrome and choose Connect Wallet.
5
Pick the token pair, check the quoted price, slippage and fees, then approve and confirm the swap.
6
To provide liquidity, choose a pool, deposit the tokens and keep in mind the risk of impermanent loss.

Who Xswap Protocol V3 Xdc is for

XSwap is for XDC Network users and early-stage token teams who need a native DEX and launchpad on that chain. It is less suitable for anyone trading large sizes or wanting deep liquidity, and for users who require published audits before using a protocol.

Xswap Protocol V3 Xdc FAQs

What is XSwap Protocol V3?

XSwap Protocol is a decentralized exchange and automated market maker on the XDC Network. It lets users swap XRC20 tokens, provide liquidity to pools and use a launchpad. Version 3 is the current DEX generation, with a path to move liquidity from V2.

Which blockchain does XSwap use?

It runs on the XDC Network, which is EVM-compatible. Users connect a wallet set to XDC Mainnet, such as MetaMask, XDCPay or the D'Cent app.

What is the XSP token?

XSP is the project's own token. One market snapshot showed it priced around $0.00007 with a market cap near $172K, so it is a very small-cap asset. Treat it as high risk.

What are the fees on XSwap?

The reviewed material does not publish a fee schedule. Swaps on any AMM typically charge a pool fee, and the XDC network adds gas costs. The swap interface should show the expected fees and price impact before you confirm.

Is XSwap audited?

The reviewed material does not mention an audit report. Check the project's documentation and repositories for audit information before committing funds, and only use money you can afford to lose.

Which wallets work with XSwap?

The documentation describes MetaMask (with the XDC Mainnet network added), XDCPay in Chrome, and the D'Cent app, including its biometric hardware wallet. You also need XDC to pay for transaction gas.

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