WannaSwap - Exchange Review

WannaSwap launched in 2021 with a splash - Aurora-based DEX, native WANNA token, farming and referral rewards. The NEAR Foundation even backed it early. But hype faded fast. By mid-2025 trading volume sits around $1,000 per day or less, and traffic is nearly invisible.

What happened

At first it looked like a neat spot - swap tokens, stake WANNA, earn rewards. Fees low, simple UI. But listing shows only around five coins and ten trading pairs. Volume dropped off. No community chatter, no posts, nothing much happens there anymore.

Weak signals

Trust ratings? Very low. Domain traffic minimal, audits missing, ownership unclear. No reserve data. Liquidity is tiny - slippage high, trades don’t go through nicely unless you’re trading cents. DEX market needs transparency - WannaSwap had none.

No buzz around users

There’s almost no user reviews. Forums are silent. Crypto watchers barely mention it. It exists largely as a name in a database - not a place where real trades take place anymore.

Current state

By 2025, it’s basically dormant. Volume stays in the low hundreds a day, listings unchanged, and no new pairs or updates. Most aggregators treat it as negligible, untracked. The site still exists, but it feels abandoned.

Quick facts

Final thoughts

Biki once looked like a solid Singapore exchange with global aspirations, a token economy, and staking. But that ambition didn’t last. Now it’s essentially deactivated - UI still runs, but the market left. It’s like an empty showroom - lights on, cars displayed, but nobody drives them.