CherrySwap Crypto Exchange Review: Is It Safe to Trade in 2026?

Imagine finding a crypto exchange that promises low fees, fast transactions, and high yields. It sounds like the perfect deal, right? But what if that exchange hasn’t processed a single real trade in years? This is exactly the situation with CherrySwap, a decentralized cryptocurrency exchange (DEX) that appears to be inactive or defunct as of 2026. If you are looking for a reliable place to swap tokens, CherrySwap is not it. In fact, trying to use it could lead to failed transactions or worse. This review breaks down why CherrySwap shows up on some lists but fails every practical test for a working platform.

You might have seen CherrySwap mentioned in older articles or automated listings. The confusion comes from outdated data. Back in 2021 and 2022, CherrySwap was pitched as a new player in the decentralized finance space. It claimed to offer an Automated Market Maker (AMM) protocol similar to Uniswap. However, current data from October 2025 shows zero trading volume, zero liquidity, and no active users. For anyone entering the crypto market today, understanding this distinction between "listed" and "active" is crucial for keeping your funds safe.

The Red Flags: Why CherrySwap Looks Suspicious

When evaluating any crypto project, especially a decentralized exchange, you need to look at verifiable on-chain data, not just marketing claims. CherrySwap fails almost every standard check. Here is what the evidence shows:

• Zero Trading Volume: According to CoinGecko data from late 2025, CherrySwap has $0.00 in 24-hour trading volume. A legitimate exchange processes millions of dollars daily; even small niche exchanges handle thousands. Zero means no one is using it.
• Inconsistent Blockchain Claims: Sources contradict each other on where CherrySwap lives. Some say it runs on Binance Smart Chain (BSC), while others claim OKExChain (OEC). In reality, blockchain explorers show no active contracts matching their purported addresses on either network.
• No Security Audits: Reputable DEXs undergo audits by firms like CertiK or PeckShield to prove their code is safe. CherrySwap has no public audit reports. Security researcher Maria Rodriguez noted in August 2025 that this absence is a critical red flag for potential scams.
• Dead Social Media: The official CherrySwap Twitter account has not posted since December 2022. Their Telegram channel has only 237 members, compared to hundreds of thousands for competitors like PancakeSwap.

These aren't minor issues. They are signs of a "zombie protocol"-a project that launched but died without telling its users. Dr. Alan Wong from Chainalysis identified CherrySwap as fitting the pattern of non-viable projects, with a 98.7% probability of permanent inactivity.

CherrySwap vs. Active Competitors

To understand why CherrySwap is a bad choice, compare it to platforms that actually work. The decentralized exchange market is dominated by established players with transparent operations. Let's look at how CherrySwap stacks up against industry leaders.

As you can see, the gap is massive. Uniswap and PancakeSwap process billions in volume because they have deep liquidity pools. This means when you want to swap tokens, there is money available to complete the trade instantly. On CherrySwap, user u/CryptoSkeptic89 reported on Reddit in March 2025 that attempts to swap BNB resulted in "insufficient liquidity" errors, despite the dashboard falsely showing $2 million in total value locked. That discrepancy is a classic sign of a broken or fraudulent interface.

Why Do Listings Still Show CherrySwap?

If CherrySwap is dead, why does it still appear on sites like CoinGecko or Bitget? This is a common point of confusion for beginners. Data aggregators often list historical projects unless manually removed. Additionally, some automated bots scrape old information and republish it without verification.

Bitget’s analysis from 2023 described CherrySwap as "popular" and "user-friendly." That report is now dangerously outdated. Relying on cached reviews from 2023 or earlier will lead you into trouble. Always check the date of the information. In crypto, a project can go from active to abandoned in months. The last verifiable update to CherrySwap’s GitHub repository was June 2, 2022. No code changes, no updates, nothing. Meanwhile, legitimate teams release weekly updates and engage with their communities.

How to Spot Zombie Protocols Yourself

You don’t have to trust my word alone. You can verify the health of any DEX before connecting your wallet. Here is a simple checklist to avoid falling victim to inactive or scam platforms:

1. Check Live Volume: Go to DeFi Llama or CoinGecko. Look for the "24h Volume" metric. If it is zero or near-zero, walk away.
2. Verify the Website: Type in the URL. Does it load? Or do you get a 404 error? CherrySwap’s main domains return 404 errors as of late 2025.
3. Look for Audits: Search for "[Project Name] + CertiK" or "[Project Name] + PeckShield." If you find nothing, assume the code is unaudited and risky.
4. Check Social Activity: Visit their Twitter and Discord. Are people posting recently? Is the team responding? CherrySwap’s last tweet was over three years ago.
5. Search for Recent Reviews:**: Use Reddit or Trustpilot. Filter results by the last 6 months. If there are no recent user experiences, treat the project with extreme caution.

Applying these steps to CherrySwap reveals a platform that is effectively gone. There is no customer support, no development team, and no liquidity. Connecting your wallet to such a site serves no purpose other than exposing you to potential phishing risks if the domain is hijacked.

Safer Alternatives for Trading in 2026

Since CherrySwap is not an option, where should you go? The DeFi landscape has consolidated around a few major players that offer security, liquidity, and regular updates. Here are the best alternatives depending on your needs:

• For Ethereum Users: Uniswap remains the gold standard. It has the deepest liquidity, rigorous security practices, and a trusted reputation. If you are trading ERC-20 tokens, start here.
• For Low-Fee Transactions: PancakeSwap operates on Binance Smart Chain (now BNB Chain). It offers lower gas fees than Ethereum and handles massive volumes. It is ideal for trading BEP-20 tokens.
• For Stablecoin Swaps: Curve Finance specializes in stablecoins and wrapped assets. It minimizes slippage, making it perfect for large trades where price impact matters.
• For Aggregation: 1inch Network doesn’t hold liquidity itself but routes your trade across multiple DEXs to find the best price. This is smart for getting the most out of your swap.

All these platforms have active development teams, public audit reports, and millions of users. They also have clear fee structures. For example, Uniswap charges a standard 0.3% fee, which goes partly to liquidity providers. You know exactly what you are paying for. With CherrySwap, you wouldn’t even know if the fee was being taken, because the transaction would likely fail anyway.

What Happens If You Already Used CherrySwap?

If you connected your wallet to CherrySwap in the past, take immediate action. First, disconnect the site from your wallet settings (MetaMask, Trust Wallet, etc.). Second, check your transaction history. If you sent tokens to their contract, those funds are likely stuck due to lack of liquidity. Unfortunately, without an active team, there is no way to retrieve them.

More importantly, ensure your private keys and seed phrases remain secure. While CherrySwap itself may not be actively malicious, interacting with abandoned smart contracts can sometimes expose vulnerabilities or lead to accidental approvals. Revoke any token approvals you granted to CherrySwap contracts using tools like Revoke.cash. This prevents any future unauthorized access to your assets.