What is Swapr? Recent News, Fundraising and Token

Author: Liquidity.Land

Last updated: October 23, 2025

3 min read

Swapr

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Key Takeaways

Swapr is a community-governed decentralized exchange (DEX) built on Ethereum, launched by DXdao as the first DeFi protocol deployed by a DAO.
It features adjustable swap fees through governance and free transaction routing, distinguishing it from traditional automated market makers (AMMs).
As an open-source project, Swapr emphasizes decentralization and user control, with on-chain analytics available for tracking TVL, volume, and token performance.

What is Swapr?

Swapr is an open-source decentralized exchange (DEX) entirely governed by the DXdao community, operating as an automated market maker (AMM) on the Ethereum blockchain. Launched in November 2020, it allows users to swap tokens with adjustable fees set via governance and provides free transaction routing. According to official announcements from DXdao and detailed reviews on platforms like BitDegree and DeFi Teller, Swapr represents a pioneering effort in DAO-launched DeFi protocols, focusing on community-driven features and decentralization.

How Does Swapr Work?

Swapr functions as an AMM where users can create liquidity pools, add liquidity, and perform token swaps. The core workflow involves depositing tokens into pools to earn fees, with governance allowing the community to vote on fee adjustments for optimized trading. Transaction routing is handled automatically without additional costs, enabling efficient swaps across supported assets on Ethereum.

As detailed in DXdao's official Medium post and technical analyses on BitDegree, Swapr's governance is managed through DXdao, where proposals and votes determine protocol updates, ensuring a decentralized operation without centralized control.

What Makes Swapr Unique?

Community governance via DXdao, making it the first DAO to launch a DeFi protocol on Ethereum, as announced in the official DXdao Medium article from November 2020.
Adjustable swap fees through on-chain voting, allowing flexibility not commonly found in standard AMMs, supported by documentation on DeFi Teller.
Free transaction routing combined with open-source code, promoting accessibility and customization, as highlighted in BitDegree's expert analysis.

Swapr Native Token

The native token SWAPR serves as a governance token within the Swapr ecosystem, enabling holders to participate in DAO votes on protocol parameters like fee adjustments. It also facilitates staking and reward mechanisms tied to liquidity provision, with price and chart data tracked on platforms like DeFi Teller.