Arbswap – Exchange Review

Arbswap launched in 2023, aiming to serve Game-Fi and NFT-related ecosystems on Arbitrum. The project promotes itself as the main DEX for in-game assets. The list of supported tokens is short, and real trading volume is almost non-existent.

How It Works

The exchange is non-custodial, built specifically for Arbitrum users. It combines token swaps with bridging between Arbitrum One and Nova using LayerZero technology. Users can swap, bridge, and participate in yield farming, though all features remain tied to its small Game-Fi focus.

What the Numbers Show

Reported daily trading volume rarely goes above five thousand dollars. Most activity happens on one pair, while the rest of the market stays empty. User feedback is almost absent, and no community growth is visible. Traffic to the site is extremely low, confirming that the exchange is barely used.

What’s Good

• Focused on Game-Fi projects within the Arbitrum ecosystem
• Supports bridging between Arbitrum networks through LayerZero
• Offers farming tools with flexible or locked liquidity incentives
• One of the few DEXs native to Arbitrum Nova

Weaknesses

• Very low trading volume
• Only a handful of tokens and pairs available
• No visible trust signals or community engagement
• Missing features like fiat support, margin trading, or a mobile app
• Reports of suspicious activity and low contract security

Bottom Line

Arbswap tries to position itself as a niche DEX for Game-Fi assets and bridging on Arbitrum. Technically, it works, but real usage is almost zero. Liquidity is too thin, and without growth, it stays a risky choice. For now, it looks more like an experimental project than a functioning marketplace.