What is Polkaswap?
#36Polkaswap is a non-custodial AMM DEX designed uniquely for the Polkadot ecosystem. Liquidity, security, convenience, and a user-friendly interface, where an immediate exchange of assets can take place.
Live Statistics
24h Volume
$54.47M
-0.37%7d Volume
$394.51M
+588552.31%30d Volume
$1.72B
+330231.02%Open Interest
N/A
Market Share
0.29%
Markets
17
Weekly Visits
35
Rank
#36
How does Polkaswap work?
Polkaswap is an automated market maker (AMM) DEX. Instead of a traditional order book, it uses liquidity pools — smart contracts that hold pairs of tokens. Liquidity providers (LPs) deposit equal values of two tokens into a pool and receive LP tokens representing their share. When a trader swaps tokens, they interact directly with the pool; the AMM algorithm (typically a constant product formula x·y=k) adjusts prices automatically based on supply and demand. LPs earn a portion of every trade's fee proportional to their pool share.
Key Features
Non-Custodial
You control your private keys. Funds never leave your wallet until a trade is executed on-chain.
AMM Architecture
Automated market maker with passive liquidity pools. No counterparty needed — trade directly against the pool.
1 Network
Available on Multi-chain.
Transparent Fees
Fee structure is transparent and visible on-chain for every trade.
17 Markets
Polkaswap offers 17 trading markets across spot instruments.
Open Access
No KYC required. Connect any compatible wallet and start trading immediately from any jurisdiction.
Frequently Asked Questions
What is Polkaswap?
Polkaswap is a non-custodial AMM DEX designed uniquely for the Polkadot ecosystem. Liquidity, security, convenience, and a user-friendly interface, where an immediate exchange of assets can take place.
How does Polkaswap work?
Polkaswap uses liquidity pools and an automated market maker (AMM) algorithm to facilitate trades. Liquidity providers deposit token pairs into pools and earn a share of trading fees. Prices are determined algorithmically based on the ratio of assets in each pool.
Is Polkaswap safe to use?
Polkaswap is a non-custodial decentralized exchange, meaning users retain control of their private keys and funds at all times. Smart contract risk is inherent in all DeFi protocols — always review audits and use appropriate position sizes.
Which blockchains does Polkaswap support?
Polkaswap operates on Multi-chain. Multi-chain support allows users to trade assets native to each supported chain without bridging.
When was Polkaswap launched?
Polkaswap was launched in 2021. Since then it has grown to offer 17 trading markets with $54.47M in 24-hour trading volume.
