Marswap Crypto Exchange Review: Is It Worth Using for Shibarium Tokens?

Marswap Crypto Exchange Review: Is It Worth Using for Shibarium Tokens?

Marswap Slippage Calculator

Calculate Your Trade Slippage

Marswap has limited liquidity for most trading pairs. This calculator helps you estimate how much your trade might be affected by price movement due to low liquidity.

$
$
Enter your trade details to see estimated slippage

Note: Based on article data, Marswap has very low liquidity for many pairs. For example, the WBONE/0XEE pair has only $57 liquidity, meaning a $100 trade could move the price by 5-10%. Always check liquidity depth before trading.

Most crypto exchanges are built to handle everything - Ethereum, Solana, BNB Chain, you name it. But what if you only care about one network? That’s where Marswap comes in. It’s not trying to beat Uniswap or PancakeSwap. It’s built for one thing: trading tokens on the Shibarium blockchain. If you’re into Shiba Inu-related projects, Marswap might be your best bet. But if you’re looking for broad liquidity or big-name coins, you’ll be disappointed.

What Is Marswap?

Marswap is a decentralized exchange (DEX) launched in 2023, running entirely on the Shibarium network. Unlike centralized exchanges like Binance or Coinbase, you don’t deposit your crypto into a company’s wallet. Instead, you trade directly from your own wallet using smart contracts. That means no KYC, no account freezes, and no middleman. It’s pure peer-to-peer trading.

The platform’s main goal? To support new projects launching on Shibarium. It doesn’t just let you trade - it has a built-in launchpad. If you’re an early investor in tokens like RYOSHI or WBONE, Marswap is probably where you’ll find them. It’s not a general-purpose DEX. It’s a niche tool for a niche ecosystem.

How Does Marswap Work?

Marswap uses automated market makers (AMMs), just like Uniswap. Instead of order books, it relies on liquidity pools. When you swap WBONE for RYOSHI, you’re trading against a pool of funds locked in by other users. The price changes based on supply and demand inside that pool.

You’ll need a wallet like MetaMask or Rabby, connected to the Shibarium network. Once connected, you can swap tokens, add liquidity, or use the launchpad. There’s no sign-up. No email. No identity verification. That’s both a pro and a con. You’re in full control - but also fully responsible if you mess up.

Trading fees are low, thanks to Shibarium’s design. Gas fees on Ethereum can hit $10 or more during peak times. On Marswap, they’re often under $0.10. That’s a huge win for small traders who do frequent swaps.

Trading Pairs and Liquidity

As of October 2025, Marswap supports only 4 coins and 17 trading pairs. That’s tiny compared to Uniswap’s 10,000+ tokens. But here’s the catch: most of that volume comes from just one pair - RYOSHI/WBONE. In the last 24 hours, that pair alone generated $1,518.49 out of $2,296.14 total volume. That’s 66% of all trading activity on the platform.

Other pairs include WBONE/0XEE, MSWAP/WBONE, and SHIB/WBONE. Prices are stable for major pairs, with spreads between 0.61% and 0.74%. That’s competitive for a small DEX. For comparison, Uniswap’s average spread is around 0.3% - but it has 100x more liquidity.

Liquidity depth matters. For RYOSHI/WBONE, the order book shows $1,487-$1,492 in available liquidity. That’s enough to handle trades up to $1,500 without big price slippage. For smaller pairs like WBONE/0XEE, depth is only $57. That means even a $100 trade could move the price by 5-10%. Don’t trade large amounts on low-depth pairs.

The MSWAP Token

Marswap’s native token is MSWAP. Total supply is 1 trillion tokens. Circulating supply is also 1 trillion. That means no tokens were burned. No team or investor allocations are locked. Everyone got their tokens at launch.

There’s no clear utility yet. MSWAP doesn’t give you fee discounts, staking rewards, or voting rights. It’s not used for governance. It’s not even required to trade. So why does it exist? Likely as a placeholder for future features - maybe launchpad incentives or liquidity mining down the line. Right now, it’s mostly a speculative asset.

Price data is thin. With no major exchanges listing MSWAP, its value is only visible on Marswap itself. That makes it risky. If trading volume drops, the price could crash fast.

Whimsical Shibarium DEX bazaar with traders swapping tokens, low gas fees raining down, neon signs in background.

The Launchpad: Where New Shibarium Projects Start

This is Marswap’s secret weapon. Most DEXs just let you trade. Marswap helps new projects launch. If you’re a developer building a token on Shibarium, you can apply to Marswap’s launchpad. They offer technical support, marketing help, and community outreach.

There’s no public list of launched projects, but RYOSHI and WBONE are known to have used it. That’s a good sign. If they’re willing to go through a vetting process, it suggests Marswap isn’t just a free-for-all.

For users, the launchpad means early access to tokens before they hit other exchanges. You might get better prices. But it also means you’re taking on higher risk. New projects can fail. Scams exist. Always do your own research before investing.

Security and Trust

Marswap hasn’t been audited publicly. No audit reports from CertiK, Hacken, or SolidProof are available. That’s a red flag. Audits don’t guarantee safety - but they show the team cares enough to spend money on them.

Smart contracts are on-chain, so anyone can review them. But most users won’t. If you’re not technical, you’re trusting code you can’t read. That’s the trade-off of decentralization.

The platform doesn’t hold your funds. That’s good. No exchange hack can steal your crypto. But if you send tokens to the wrong address or approve a malicious contract, there’s no customer support to fix it. You’re on your own.

How Marswap Compares to Other DEXs

Comparison: Marswap vs. Major DEXs
Feature Marswap Uniswap PancakeSwap Curve
Network Shibarium only Ethereum, Polygon, Base, and 11+ chains BNB Smart Chain Ethereum (stablecoins)
Trading Pairs 17 10,000+ 500+ 100+
24h Volume $2,296 $4B+ $2B+ $4B+
KYC Required No No No No
Launchpad Yes No Yes No
Gas Fees Very low High Low High
Audited? Not publicly Yes Yes Yes

Marswap wins on gas fees and ecosystem focus. It loses on liquidity, security proof, and token variety. If you’re not trading Shibarium tokens, you’re better off elsewhere.

Investor on a crumbling smart contract bridge, unsafe DEX abyss below, safe exchanges glowing in distance.

Who Should Use Marswap?

You should use Marswap if:

  • You’re actively holding or trading Shibarium-based tokens like WBONE or RYOSHI
  • You want to buy new tokens right after they launch
  • You prefer low fees and don’t mind limited options
  • You’re comfortable with high risk and no customer support

You should avoid Marswap if:

  • You want to trade Bitcoin, Ethereum, or major altcoins
  • You need audits or insurance for your trades
  • You’re trading large amounts - low liquidity could cause big slippage
  • You expect customer service or recovery options

Final Verdict

Marswap isn’t for everyone. It’s not even for most crypto traders. But if you’re deep into the Shibarium ecosystem, it’s one of the few tools made just for you. The low fees, launchpad access, and focused community are real advantages.

But it’s early. The volume is tiny. The MSWAP token has no clear use. No audits. No track record. It’s a gamble. If Shibarium grows, Marswap could grow with it. If Shibarium fades, so will Marswap.

Use it like a specialized tool - not your main exchange. Keep your big holdings on safer platforms. Use Marswap only for the tokens you believe in. Trade small. Watch volume. Don’t chase hype. And never invest more than you can afford to lose.

Frequently Asked Questions

Is Marswap safe to use?

Marswap is decentralized, so your funds aren’t held by a company. That reduces the risk of exchange hacks. But there are no public smart contract audits, and no customer support. If you send funds to the wrong address or approve a malicious contract, you lose them forever. Only use it if you understand how DEXs work and are comfortable with full responsibility.

Can I trade Bitcoin or Ethereum on Marswap?

No. Marswap only supports tokens built on the Shibarium blockchain. You won’t find BTC, ETH, SOL, or most major altcoins. If you want to trade those, use Uniswap, PancakeSwap, or a centralized exchange like Binance.

How do I buy MSWAP tokens?

You can buy MSWAP directly on Marswap using WBONE or other supported tokens. Go to the swap page, select MSWAP as the token you want to receive, and choose the coin you want to trade. Since MSWAP has no external listings, Marswap is the only place to buy it. Be aware: liquidity is low, so large buys can spike the price.

Does Marswap charge withdrawal fees?

There are no withdrawal fees from Marswap itself. But you’ll pay Shibarium network gas fees when you swap tokens or move them out of your wallet. These fees are usually under $0.10, even during peak times. That’s much cheaper than Ethereum or Solana networks.

Is Marswap better than PancakeSwap?

Only if you’re trading Shibarium tokens. PancakeSwap has 500+ trading pairs, $2 billion+ in liquidity, and is audited. Marswap has 17 pairs and $2,300 in volume. PancakeSwap is safer and more liquid. But if you’re focused on RYOSHI, WBONE, or other Shibarium-native projects, Marswap is the only DEX that gives you direct access.

1 Comments

  1. Sunny Kashyap
    Sunny Kashyap

    Marswap? Bro, it's just a glorified Shibarium meme farm. Low volume, no audits, and MSWAP token does nothing. Stick to PancakeSwap if you wanna trade something real.

Write a comment