MonoSwap v3 (Blast) Crypto Exchange Review: Low Liquidity, Zero Fees, and Big Risks
Dec, 4 2025
MonoSwap V3 Slippage Calculator
Based on MonoSwap V3's reported liquidity ($20,000 for USDB-WETH pool) and typical low activity
Important: MonoSwap V3 has extremely low liquidity ($6k-$10k daily volume). This tool uses your inputs to simulate slippage, but in reality, you may face much higher slippage and unavailable trades.
When you see a crypto exchange promising zero fees and deep integration with a new blockchain like Blast, it’s tempting to jump in. But MonoSwap v3 (Blast) isn’t the next Uniswap. It’s a high-risk experiment with almost no trading activity, zero trust score, and users who aren’t showing up.
What Is MonoSwap v3 (Blast)?
MonoSwap v3 (Blast) is a decentralized exchange built specifically for the Blast blockchain. Launched in 2024, it’s designed to let users trade crypto without intermediaries-just like Uniswap or PancakeSwap. But unlike those platforms, MonoSwap doesn’t have hundreds of trading pairs or millions in daily volume. It’s got three to four coins, depending on the source, and the most active pair is USDB-WETH. The whole thing runs on Blast, which means you need a wallet connected to that network to use it. No Ethereum, no BSC, no Polygon-just Blast.
Zero Fees? Yes. But There’s a Catch
MonoSwap v3 charges 0% maker and 0% taker fees. That sounds amazing. No slippage costs. No hidden charges. But here’s the truth: fees aren’t the problem with this exchange. Liquidity is.
When a DEX has zero fees but no one’s trading, the fee structure becomes meaningless. You can’t buy or sell what isn’t there. The 24-hour trading volume hovers between $6,000 and $10,000. Compare that to Uniswap, which does over $1 billion daily. MonoSwap’s volume is less than 0.001% of that. The bid-ask spread is 0.609%, which is high for a DEX. That means even if you find a trade, you’re likely getting a bad price.
Trust Score: 0
CoinGecko gives MonoSwap v3 (Blast) a trust score of 0. BeInCrypto rates it 2 out of 10 and ranks it #803 out of all crypto exchanges. That’s not a typo. Out of 800+ exchanges, it’s near the bottom. Why? Because trust isn’t just about security-it’s about activity, transparency, and history.
This platform has no regulatory oversight. CashbackForex confirms it’s not licensed by any government body. There are no audits published. No team members are named. No whitepaper details the tokenomics beyond vague claims about yield farming. And worst of all-there were zero transactions recorded in the last 30 days as of September 2025. If no one’s trading, why should you trust it?
Who’s Actually Using It?
On paper, MonoSwap has over 100,000 Twitter followers. That sounds like a strong community. But social media follows don’t equal users. Web traffic data tells a different story. It ranks 550th out of 619 crypto exchanges in organic traffic. That’s worse than 90% of the competition. The bounce rate is 0%-which is statistically impossible for a real website. Pages per visit? 0.00. Average time on site? 00:00:00. These numbers suggest either broken analytics or users leaving the site the second they land.
There are no meaningful reviews on Reddit, Discord, or Telegram. No YouTube tutorials. No Medium articles breaking down how to use it. The only thing people are saying is that it’s not working. And if you try to trade, you’ll find out why.
Can You Even Trade on MonoSwap v3?
Technically, yes. The interface looks like any other DEX. Connect your wallet (MetaMask, Rabby, or any Blast-compatible one), pick a pair, and swap. But here’s what happens in practice:
- You pick WETH/USDB. The pool has $20,000 total liquidity. You want to swap $5,000. The price slippage jumps to 15% before you even click confirm.
- You try to add liquidity. You deposit $1,000. Within hours, the value of your share drops because no one else is adding funds.
- You try to withdraw. The transaction goes through, but the tokens you get back are worth less than what you put in.
There’s no margin trading, no limit orders, no staking dashboard with clear APYs. It’s a basic swap tool with no advanced features. For experienced DeFi users, it’s not worth the time. For beginners? It’s a trap.
Why Does Blast Matter?
MonoSwap isn’t trying to compete with Uniswap. It’s betting everything on Blast becoming the next big Layer 2. Blast promises high yield for ETH stakers and low fees for DeFi users. If Blast explodes, MonoSwap could ride the wave.
But right now, Blast is still small. It’s not even in the top 5 Layer 2s by TVL. Arbitrum, Optimism, and Polygon have millions in daily volume. Blast is still proving it can hold users. MonoSwap is a single-chain DEX with no backup plan. If Blast fails, MonoSwap dies with it. That’s not diversification. That’s putting all your money on one horse in a race with no other runners.
Is MonoSwap v3 (Blast) Safe?
Safety isn’t just about smart contract audits (which aren’t public). It’s about whether your money will be accessible when you need it. With $6,000 in daily volume and zero recent trades, your funds are sitting in a pool with almost no buyers or sellers. If you need to cash out quickly, you won’t be able to. You’ll be stuck.
There’s also no insurance fund. No bug bounty program. No history of recovery from exploits. The team hasn’t released any roadmap. No milestones. No timeline. It’s a black box.
What Are the Alternatives?
If you want zero fees on Blast, look at BlastSwap or Blaster. Both have higher liquidity and more active communities. If you’re open to other chains, Uniswap on Ethereum or PancakeSwap on BSC offer far better prices, deeper pools, and proven track records.
Don’t chase zero fees. Chase liquidity. Chase volume. Chase trust.
Final Verdict: Don’t Use MonoSwap v3 (Blast) Yet
MonoSwap v3 (Blast) is a prototype, not a product. It’s got the look of a real DEX, but none of the substance. Zero fees mean nothing if you can’t trade. High Twitter numbers don’t replace real users. And a 0 trust score isn’t just a warning-it’s a red flag.
If you’re experimenting with Blast and want to support the ecosystem, put in a small amount you’re willing to lose. But don’t expect to make trades. Don’t expect to earn yield. Don’t expect to get your money out easily.
For anyone serious about trading crypto, MonoSwap v3 (Blast) is not an option. It’s a gamble with odds stacked against you.
Is MonoSwap v3 (Blast) a scam?
It’s not confirmed as a scam, but it has all the warning signs: zero trading activity, no team transparency, no audits, and a trust score of 0. It’s more accurately described as an abandoned project or a low-effort launch with no real users. Don’t assume it’s fraudulent-but don’t assume it’s safe either.
Can I earn yield on MonoSwap v3?
The platform claims to be yield-driven, but there’s no clear staking or liquidity mining dashboard. No APYs are published. No rewards have been distributed publicly. Without active trading or liquidity pools, there’s nothing to earn from. Any yield claims are speculative at best.
What wallets work with MonoSwap v3 (Blast)?
Any wallet that supports the Blast network, like MetaMask, Rabby, or Trust Wallet with Blast added as a custom RPC. You’ll need to manually add the Blast network details to your wallet before connecting. But even if you connect, you won’t find enough liquidity to make trades worthwhile.
Why is the trading volume so low?
Because no one is using it. With zero transactions recorded in the last 30 days and a 0th percentile volume ranking, the exchange has no user base. Even though it’s on Blast, users aren’t migrating there. Without marketing, community trust, or liquidity incentives, the platform simply isn’t attracting traders.
Should I add liquidity to MonoSwap v3?
Only if you’re willing to lose money. Adding liquidity means you’re providing assets to a pool with almost no trading. Your share will be diluted as the pool shrinks, and you’ll face impermanent loss with no offsetting rewards. There are no fee incentives or token rewards to compensate for the risk.
Is MonoSwap v3 better than Uniswap?
No. Uniswap has over $1 billion in daily volume, thousands of trading pairs, audited contracts, and a decade of trust. MonoSwap has $10,000 in volume, 3-4 coins, no audits, and zero trust. The only advantage MonoSwap has is zero fees-but without liquidity, that advantage doesn’t exist.
Will MonoSwap v3 grow in 2026?
It’s possible-if Blast becomes a major Layer 2 and the team suddenly launches a real marketing push, token incentives, and liquidity rewards. But right now, there’s zero evidence of that happening. Without action, MonoSwap will fade into obscurity like hundreds of other failed DEXes.
Glenn Jones
December 5, 2025 AT 07:51Zero fees?? Bro that’s just a trap to get you to deposit and then vanish. I saw this thing last week, tried to swap 0.1 WETH and got slapped with 18% slippage. The pool has less liquidity than my crypto portfolio after a bear market. This isn’t DeFi, it’s a digital ghost town with a fancy UI.
Tara Marshall
December 5, 2025 AT 11:53Trust score 0 is not a suggestion. It’s a warning sign painted in neon. If you’re thinking of adding liquidity, don’t. You’re not earning yield-you’re funding a tombstone.
Adam Bosworth
December 6, 2025 AT 16:12typo alert: they said '0.001%' but meant '0.0001%'-this thing is worse than they admit. And no audits? bro i’ve seen more transparency from a 2017 ICO. this is a rug pull waiting for a crowd
Uzoma Jenfrancis
December 8, 2025 AT 15:09Why are we even talking about this? Blast is still trying to get past 100k users. MonoSwap is just a vanity project for someone who read a DeFi guide on Medium and thought they could build a Uniswap clone in a weekend. Africa doesn’t need this. We have real problems.
Manish Yadav
December 9, 2025 AT 18:17People are so dumb they think zero fees means free money. No. It means no one cares enough to trade. You think the devs are doing this for love? They’re draining wallets and disappearing. This is sin.
Krista Hewes
December 11, 2025 AT 16:14i tried this yesterday. connected my wallet. picked usdb-weth. clicked swap. the page just froze. no error. no message. just... nothing. i closed it and went to uniswap. took 12 seconds. i felt like i'd been emotionally abused.
Renelle Wilson
December 12, 2025 AT 16:10The structural failure here is not technical-it’s sociological. A decentralized exchange requires community trust, liquidity incentives, and sustained engagement. MonoSwap v3 (Blast) has none of these. It is a digital artifact of ambition without execution, a monument to the myth that low fees alone can sustain a protocol. The absence of user activity is not a bug-it is the feature.
Elizabeth Miranda
December 13, 2025 AT 06:09Fun fact: that 0% bounce rate? That’s not a glitch-it’s a sign no one stayed long enough for the analytics to register. I’ve seen bots with more engagement than this. If your DEX has 0.00 pages per visit, maybe don’t call it a platform. Call it a screensaver.
Chloe Hayslett
December 15, 2025 AT 03:32Zero fees? Cute. Let me know when the devs start paying me to use it. Until then, I’ll be on Uniswap where I can actually trade without feeling like I’m funding a college project.
Jonathan Sundqvist
December 16, 2025 AT 10:44blast is gonna blow up one day. but this? this is like putting your money in a lemonade stand run by a 14-year-old who just learned what a smart contract is.
Jerry Perisho
December 17, 2025 AT 06:21Check the contract address on Etherscan. No events. No transfers. Zero logs. This isn’t dead-it was never alive. You can’t have a DEX with no transactions and call it a product. It’s a placeholder.
ronald dayrit
December 19, 2025 AT 05:12There’s a philosophical irony here: the promise of zero fees assumes infinite liquidity, but liquidity is a social contract. When trust evaporates, so does participation. MonoSwap v3 (Blast) isn’t broken-it’s a mirror reflecting the collapse of collective belief in speculative infrastructure. We don’t need more DEXes. We need more reason.
Doreen Ochodo
December 19, 2025 AT 13:04Don’t use it. Just don’t. Even if Blast takes off, this won’t be the one. Move on.
Isha Kaur
December 21, 2025 AT 04:40I actually added liquidity to MonoSwap last week because I believed in Blast. I put in $500. Now it’s worth $380. No rewards. No trades. No one else joined. I feel like I paid to be a guinea pig. If you’re thinking of doing this, please just give your money to a charity instead. At least someone will benefit.
Nelson Issangya
December 22, 2025 AT 12:11Look, I get it-Blast is hype. But this isn’t innovation. It’s laziness wrapped in a whitepaper. You want to support Blast? Use BlastSwap. They’ve got real volume. Real devs. Real community. This? This is vaporware with a Twitter bot army.
Mairead Stiùbhart
December 24, 2025 AT 01:07Zero fees? Congrats, you’ve built the world’s most expensive parking lot. No cars. No drivers. Just a sign that says 'FREE PARKING'. The only thing you’re saving is your sanity by walking away.
Madison Agado
December 24, 2025 AT 06:21It’s not about whether it’s a scam. It’s about whether it’s a living thing. A DEX needs users like a heart needs blood. This has neither. It’s a corpse wearing a DeFi hoodie. We should stop pretending it’s alive.
Tisha Berg
December 25, 2025 AT 23:48Just because it’s on Blast doesn’t mean it’s safe. Just because it’s free doesn’t mean it’s good. Please, just stick to the big ones. Your future self will thank you.
Billye Nipper
December 27, 2025 AT 20:38Why do people keep falling for this?! I swear, if I see one more person say 'but the fees are zero!' I’m gonna scream. It’s not a feature-it’s a funeral bell. You’re not saving money-you’re burying your assets.
Roseline Stephen
December 28, 2025 AT 14:10I read the whole thing. I didn’t even need to connect my wallet. The numbers told me everything. This isn’t risky. It’s hopeless.
Jon Visotzky
December 29, 2025 AT 06:42if blast becomes big this might get traction but right now it’s just a ghost. i checked the contract. no one’s touched it in 30 days. not even the devs. lol