OolongSwap - Exchange Review

Platform concept

OolongSwap launched in 2021 as the first native AMM on Boba, positioning itself as a high-performance DEX for fast, low-fee token swaps. Its mission was to deliver more to earn and less to spend through dynamic pair fees, bonding mechanisms, and PCV-backed liquidity models.

Trading activity and liquidity

At present, trading volume is zero. No active trading pairs remain, and on-chain data shows no recent transactions. Liquidity has completely dried up, leaving the platform non-functional.

Token data and TVL

The OLO token has lost nearly all value. Trading activity is absent, and the total value locked remains stagnant at a very low level, reflecting no meaningful user participation.

Security transparency and governance

While the team once mentioned audits, no public reports exist. Ownership has not been renounced, and compliance measures are missing. Development has been inactive for a long time, with no signs of updates or maintenance.

Community and presence

Community engagement is nearly zero. The project lacks visibility, social media mentions are rare, and there are no user reviews or trust indicators. OolongSwap no longer holds any noticeable user base.

Pros and cons

Pros

• Initially designed as a native AMM for Boba L2 with innovative mechanics
• Built on non-custodial DeFi principles

Cons

• No trading volume or active markets
• Lack of liquidity and operational pools
• Stagnant TVL and halted development
• No public audits or governance transparency
• No community support or trust signals

Final thoughts

OolongSwap started as a promising AMM for the Boba ecosystem but has since become inactive. With no trading, no liquidity, and no active development, it appears abandoned rather than operational. Anyone considering interaction should treat it as high risk and proceed only with extreme caution.