Wannaswap Crypto Exchange Review: A Dead Project with Zero Liquidity in 2025

Wannaswap was once promoted as a decentralized exchange built on the Aurora EVM, a fast and cheap Ethereum-compatible layer built on the Near Protocol. The idea sounded promising: low fees, quick trades, and a native token called WANNA to power governance and rewards. But today, in December 2025, Wannaswap doesn’t function as an exchange anymore. It’s a ghost. The platform is dead. The liquidity is gone. The team has vanished. And the only thing still trading is the WANNA token - not because anyone wants to use the exchange, but because a handful of speculators are gambling on a dead project.

What Wannaswap Was Supposed to Be

Wannaswap launched in 2021 as an automated market maker (AMM) DEX on Aurora EVM. Its goal was simple: let users swap tokens without intermediaries, using low-cost transactions compared to Ethereum’s high gas fees. The platform had a native token, WANNA, with a fixed supply of 100 million. At its peak in late 2021, WANNA hit $3.28. People were excited. The Aurora ecosystem was growing. Near Protocol was getting attention. Wannaswap rode that wave.

It promised features like yield farming, staking, and low-slippage trades. But unlike Uniswap or PancakeSwap, it never built real traction. No major partnerships. No developer activity. No marketing. No updates. Just a website, a token, and empty liquidity pools.

The Reality in 2025: No Trading, No Support, No Future

By October 2025, Wannaswap’s 24-hour trading volume was under $500. For comparison, Uniswap does over $1.2 billion in a single day. PancakeSwap? $850 million. Wannaswap’s volume is less than the cost of a decent coffee in New Zealand. The platform’s contract address (0x7faA...06Ab22) still exists on the blockchain, but no one is using it. Liquidity pools are empty. The few remaining trades are tiny, one-off swaps done by bots or desperate holders trying to exit.

The WANNA token is still listed on Bybit and a couple of other minor exchanges - but not because Wannaswap’s DEX works. It’s because people are trading the token as a speculative asset, not as part of a functioning platform. The token’s price is $0.000247 - down 99.993% from its all-time high. That’s not a correction. That’s a collapse.

Why Wannaswap Failed

There’s no mystery here. Wannaswap failed because it did everything wrong.

• No innovation: It didn’t offer anything new. No concentrated liquidity like Uniswap V3. No cross-chain bridging. No unique yield mechanisms. It copied the basics and did them poorly.
• No funding: Unlike Uniswap ($16.7M Series B) or PancakeSwap ($40M), Wannaswap had zero verified venture capital. No institutional backing. No team with a track record.
• No development: The last code commit on GitHub was in November 2022. Since then, nothing. No bug fixes. No new features. No updates to the website or app.
• No support: Their Twitter account last posted in April 2023. Their Telegram group has been silent since February 2024. Reddit users report broken interfaces and unresponsive support. One user said, “Tried using Wannaswap last month - interface was broken, no liquidity, and their Telegram hasn’t responded in 3 weeks.”
• No community: There’s no active community. No Discord. No Medium blog. No roadmap. No announcements. The project has been abandoned.

Is the WANNA Token Still Worth Anything?

Technically, yes - it’s still trading. But it’s not a currency. It’s not a utility token. It’s a zombie token.

The token’s market cap is around $28,500. That’s less than the cost of a single Bitcoin mining rig. CoinMarketCap reports only 2.74 million WANNA in circulation. Bybit says 99 million are circulating. That’s a massive discrepancy. One of them is wrong. Probably both.

The only reason anyone buys WANNA now is because they think someone else will pay more for it later. That’s gambling, not investing. There’s no utility behind it. No staking rewards. No governance voting. No liquidity mining. The exchange that gave the token its purpose is gone. The token has no home.

How to Buy WANNA (If You Really Want To)

If you still want to buy WANNA, you can’t do it on Wannaswap’s platform - it doesn’t work. You have to go to centralized exchanges like Bybit. But even there, it’s a risky move.

• Search for WANNA/USDT or WANNA/BTC pairs on Bybit or other small exchanges.
• Check the order book - there’s almost no depth. A small trade can move the price 10%.
• Don’t expect to sell easily. Liquidity is near zero.
• Never store WANNA on a wallet you don’t control. Some wallets don’t recognize the token, and you could lose access.

And remember: buying WANNA now is not supporting a project. It’s betting on a corpse.

What Happens If You Try to Use Wannaswap Today?

Try to connect your MetaMask wallet to Wannaswap’s website. You’ll get a page that looks like a 2021 DEX - outdated design, broken buttons, missing tokens. The liquidity pools show $0.00. If you manage to initiate a swap, it will likely fail. The transaction will hang. You’ll pay gas fees. And nothing will happen.

CryptoCompare’s 2022 report found that 73% of first-time users couldn’t complete a single swap. That number is probably closer to 99% today.

Alternatives That Actually Work

If you want to trade on a decentralized exchange on Near Protocol or Aurora EVM, here are real options:

• Ref Finance: The most active DEX on Aurora. Strong liquidity, active development, real yield farming.
• Neon EVM DEXs: If you’re on Ethereum-compatible chains, use Uniswap, SushiSwap, or Trader Joe.
• Step Finance: Another solid Aurora-based platform with staking and lending.

These platforms have active teams, updated code, real users, and measurable volume. Wannaswap has none of that.

Final Verdict: Avoid Wannaswap Completely

Wannaswap is not a failed project. It’s a dead one. The exchange doesn’t work. The team is gone. The community is silent. The token has no purpose. The only thing keeping it alive is speculation - and even that’s fading.

There’s no recovery plan. No roadmap. No hope. If you’re thinking about using Wannaswap or buying WANNA, don’t. You’re not investing. You’re throwing money into a black hole.

This isn’t a review of a crypto exchange. It’s a postmortem.

Wannaswap is a warning. Don’t chase hype. Don’t fall for projects that look flashy but have no substance. The crypto space is full of them. Wannaswap is one of the clearest examples of what happens when ambition outpaces execution - and then execution vanishes entirely.