DEXes · Review
ActivezkSwap V3 Review 2026: Swap-to-Earn DEX With Small TVL
zkSwap V3 is an automated market maker that started on zkSync Era and is listed on Sonic and Monad, with rewards for both traders and liquidity providers. Its on-chain liquidity is very small and no audits are listed, so it suits only experimental, small-size use.
By the DappsAtlas editorial team · Updated
DappsAtlas score
4.0/10
Weak
Our verdict on zkSwap V3
4.0/10zkSwap V3 is a small AMM on zkSync Era, Sonic and Monad whose main hook is rewarding traders as well as liquidity providers. It may interest users who want to experiment with swap-to-earn incentives in small amounts. The main caveat is risk: TVL is around $31,000, no audits are listed, fees and team details are not published, and the ZF token is far below its peak. Treat it as speculative and verify the official link first.
Score breakdown
How zkSwap V3 scores
- Security
- 3.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 5.0/10
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 zkSwap V3?
zkSwap V3 is a decentralized exchange from the zkSwap Finance project. It describes itself as the top DEX and the first swap-to-earn AMM on the zkSync Era ecosystem, with an incentive model that rewards both liquidity providers and traders.
It has been tracked since November 2024 and is listed on zkSync Era, Sonic and Monad. Total value locked is about $31,000, down 31.5% over seven days, and no audits are listed. The project's token, ZF, has a reported supply of 1,000,000,000 and is far below its all-time high.
The homepage could not be reached when this was compiled, and the team, fee schedule and reward formula are not published in the material available. That makes it a small, speculative venue rather than a deep trading market.
How zkSwap V3 works
zkSwap V3 is an automated market maker. Instead of matching buyers and sellers, it uses pools of paired tokens. A trader swaps one token for another against a pool, and the price moves according to the pool's balance.
Liquidity providers supply the tokens that fill these pools. They earn a share of the trading activity, and zkSwap adds a swap-to-earn layer: the project says its incentive model rewards both liquidity providers and traders. The exact reward mechanics are not published.
The protocol began on zkSync Era, an Ethereum layer-2 network, and is also listed on Sonic and Monad. A post from its official account refers to PancakeSwap v3 going live on zkSync Era, which suggests a concentrated-liquidity design, but the details of how the two relate are not spelled out.
5 features
Key features
01
AMM-based swapping
Trades run through liquidity pools rather than an order book, which is the standard model for on-chain DEXs.
02
Swap-to-earn incentives
The project positions itself as rewarding traders as well as liquidity providers, which is its main point of difference.
03
Liquidity provision
Liquidity providers deposit token pairs into pools and earn from the activity those pools support.
04
Multi-chain deployment
The protocol was first built for zkSync Era, a layer-2 network, and is now also listed on Sonic and Monad.
05
ZF token
ZF is the native token tied to the incentive model, with a reported supply of 1,000,000,000.
Pros and cons
What we like
- Clear niche: a swap-to-earn model that rewards traders as well as liquidity providers
- Available on three networks: zkSync Era, Sonic and Monad
- Familiar AMM design that works the same way as other mainstream DEXs
- Has an established token, ZF, with a stated supply of 1,000,000,000
- Listed on DEX trackers since late 2024, so it has a visible track record
Watch out for
- TVL is about $31,000, so liquidity is thin and larger trades can move prices sharply
- TVL fell 31.5% over the last seven days
- No audits are listed for the protocol
- The ZF token is reported to be down about 99.9% from its all-time high, which signals heavy sell pressure
- Fee levels and the team are not published
- The official site could not be confirmed, so users should verify links carefully to avoid copycat front ends
zkSwap V3 fees
Swap fees, liquidity-provider fee tiers and reward rates are not published. Users would see the fee for a given pool and trade on the swap screen before signing.
Beyond protocol fees, every transaction also pays the network gas fee on zkSync Era, Sonic or Monad. Low-liquidity pools can add price impact and slippage, which often costs more than the stated fee.
Is zkSwap V3 safe?
No audits are listed for zkSwap V3. Like any DEX, it relies on smart contracts, so a bug or exploit could put pooled funds at risk, and users keep custody of their tokens in their own wallet.
The liquidity is small, which raises price-manipulation and slippage risk. Market data sources describe ZF as high-risk after a drop of roughly 99.9% from its peak. The team, any admin keys and the licensing position are not published. Check that trading crypto is permitted where you live, and be wary of fake sites, since the official link is easy to confuse.
6 steps
How to get started with zkSwap V3
- 1
Find the official zkSwap link from the project's verified social account, since the official site could not be confirmed here, and avoid links from search ads or replies.
- 2
Set up a wallet that supports the chain you want, such as zkSync Era, Sonic or Monad, and fund it with a small amount of the network gas token.
- 3
Connect the wallet to the app and review the pool or pair you want, including its liquidity depth and fee tier.
- 4
Start with a very small swap to check the price impact and the confirmation flow.
- 5
If you add liquidity, understand impermanent loss and only deposit funds you can afford to lose.
- 6
Revoke token approvals through a wallet tool once you are finished.
Who zkSwap V3 is for
zkSwap V3 suits experienced DeFi users who are comfortable with small, unaudited protocols and want to try swap-to-earn incentives on zkSync Era, Sonic or Monad. It is a poor fit for large trades, newcomers or anyone who needs deep liquidity and audited contracts.
zkSwap V3 FAQs
What is zkSwap V3?
zkSwap V3 is a decentralized exchange built as an automated market maker. It is described as the first swap-to-earn AMM on zkSync Era, rewarding both traders and liquidity providers. It is also listed on Sonic and Monad.
What does swap-to-earn mean on zkSwap?
Swap-to-earn means traders receive incentives, typically in the platform's token, for swapping on the exchange, in addition to the liquidity providers who earn from pool activity. The exact reward formula is not published, so check the app before relying on it.
What is the ZF token?
The protocol's token is ZF, with a reported supply of 1,000,000,000. One source describes it as having launched in 2023 on zkSync Era. Market data sources show it far below its all-time high, and one calls it high-risk.
Is zkSwap V3 audited?
No audits are listed for the protocol. That does not prove the contracts are unsafe, but it means there is no public third-party review to rely on. Treat any deposit as high risk and size it accordingly.
How much liquidity does zkSwap V3 have?
Total value locked is roughly $31,000, and it dropped about 31.5% in the past week. That is very small for a DEX, so slippage can be high and pools can empty quickly.
What are the fees on zkSwap V3?
Swap fees and pool fee tiers are not published in the material available here. They are shown in the app's swap and liquidity screens before you confirm a transaction.
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How we checked
Sources
- 1.defillama.com/protocol/zkswap-v3
- 2.stakingrewards.com/asset/zkswap-finance
- 3.tokeninsight.com/en/coins/zkswap-finance/tokenomics
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