MakiSwap Crypto Exchange Review: Is This DEX Safe or a Scam?

When you hear "MakiSwap," you might think it’s another promising decentralized exchange like Uniswap or PancakeSwap. But the reality is far different. As of October 2025, MakiSwap has zero active trading pairs and $0.00 in 24-hour trading volume. Its native token, MAKI, has lost 99.76% of its value since its peak. This isn’t a slow-moving project-it’s a ghost town. And if you’re thinking about depositing funds or farming yield here, you need to know the full story before you click "Connect Wallet."

What Is MakiSwap, Really?

MakiSwap is a decentralized exchange built on the Huobi Eco Chain (HECO), launched in 2021 by a team called Unilayer. It positions itself as a simple, low-cost platform for swapping tokens within the HECO ecosystem. The platform doesn’t hold your funds-you keep control of your private keys. That’s good in theory. But in practice, the lack of activity makes the whole setup meaningless.

The trading fee is 0.2%, which matches industry standards. No deposit or withdrawal fees? Sounds great-until you realize no one’s trading. CoinGecko data shows zero volume. Zero liquidity. Zero active pairs. That means even if you swap MAKI for another token, there’s no one on the other side to take your trade. You’re not trading. You’re just sending money into a black hole.

The MAKI Token: A Dying Asset

The MAKI token is the heart of MakiSwap. It’s supposed to be used for governance and fee distribution. But right now, it’s worth about $0.0029. That’s down from a peak that’s long gone. The market cap is just $200,153. For comparison, even small DEX tokens like SushiSwap or Curve’s CRV have market caps in the hundreds of millions.

Analysts aren’t optimistic. WalletInvestor predicts MAKI could drop to $0.001861 by the end of 2024. PricePrediction.net says it might hit $0.0009128. TradingBeast is slightly less bearish but still forecasts a continued slide. No one expects a rebound. The token’s year-over-year performance is down 3.22%. That’s not a correction-it’s a slow bleed.

Why No One Is Using It

MakiSwap’s biggest problem isn’t the interface. It’s not even the fee structure. It’s isolation. The platform only works on HECO, which accounts for less than 1% of total DeFi activity. Meanwhile, Uniswap runs on Ethereum. PancakeSwap runs on BSC. Both have billions in locked value and thousands of trading pairs. MakiSwap has none.

Most DeFi users don’t want to bridge their assets to HECO just to trade on a dead exchange. Bridging costs gas. It’s complicated. And if you lose money doing it, there’s no one to help you. The platform offers no cross-chain support, no staking integrations, no liquidity mining programs that actually pay out. It’s a one-trick pony-and the trick doesn’t work anymore.

Red Flags Everywhere

Multiple crypto review sites have flagged MakiSwap as high-risk. WikiBit, a well-known crypto review platform, explicitly labels MAKI as an "air coin project" and warns users it’s likely a Ponzi scheme. They’ve received dozens of complaints from people who can’t withdraw funds or get answers from support.

Reddit threads and crypto forums barely mention MakiSwap-except as a cautionary tale. Users report:

• Yield farming rewards never appear
• Customer support doesn’t reply to tickets
• Wallet connections fail randomly
• Token prices drop overnight with no explanation

The average user rating across platforms is 2.3 out of 5. The few positive comments praise the clean design-but that’s like praising a car’s paint job when the engine is gone.

Is It Safe to Use?

No. Not even close.

MakiSwap is non-custodial, which sounds safe-but it’s a double-edged sword. You’re responsible for everything. If you send funds to the wrong address? Gone forever. If the smart contract has a bug? No one’s fixing it. The last code update was in 2021. No audits have been published since. No team members are publicly identified. No roadmap exists. No new features have been announced.

And here’s the kicker: if you’re a beginner, you shouldn’t even be near this platform. Connecting a wallet, configuring HECO network settings, bridging tokens-all of this requires technical knowledge. MakiSwap doesn’t offer tutorials, FAQs, or live help. If you mess up, you lose your money. And there’s no insurance. No recourse.

How It Compares to Real DEX Platforms

Comparison: MakiSwap vs. Leading Decentralized Exchanges

Feature	MakiSwap	Uniswap	PancakeSwap
Blockchain	HECO (limited)	Ethereum	Binance Smart Chain
24-Hour Trading Volume	$0.00	$1.2B+	$300M+
Active Trading Pairs	0	10,000+	8,000+
Total Value Locked (TVL)	$0.00	$1.8B+	$4.1B+
Trading Fee	0.2%	0.3%	0.2%
Customer Support	None reported	Community-based	Active Discord & Help Center
Development Activity	None since 2021	Regular updates	Regular updates
Security Audits	None published	Multiple public audits	Multiple public audits

The table says it all. MakiSwap doesn’t just lag behind-it’s not even in the same game. The other platforms have real users, real volume, and real teams. MakiSwap has a website, a token, and a lot of silence.

Who Should Avoid MakiSwap?

If you fall into any of these categories, stay far away:

• Beginners-you don’t have the skills to navigate a dead DEX safely.
• Long-term holders-MAKI has no future value.
• Yield farmers-there’s no liquidity to earn from.
• Anyone in a regulated country-this platform has no compliance, no licensing, and no accountability.
• People who value their money-if you’re not sure, don’t risk it.

The only people who might consider using MakiSwap are speculative traders looking to short the MAKI token. Even then, the lack of volume makes it hard to enter or exit positions without slippage.

Final Verdict: Don’t Touch It

MakiSwap isn’t broken. It’s abandoned. The team stopped updating. The community vanished. The token is collapsing. The exchange is empty. And the warnings from trusted crypto review sites aren’t just opinions-they’re based on real user experiences and hard data.

If you’re looking for a decentralized exchange, there are dozens of better options. Uniswap, PancakeSwap, Curve, or even newer platforms like Trader Joe or Balancer all offer real liquidity, active development, and community trust. Why gamble on a dead project when you can use one that’s alive?

There’s no hidden genius here. No secret opportunity. Just a fading memory of a project that never delivered. Save your time. Save your crypto. Walk away.