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CherrySwap was supposed to be a next-gen decentralized exchange. It promised low fees, yield farming, NFTs, and a user-friendly interface-all on a fast blockchain. But as of November 2025, CherrySwap doesn’t work. Not even close.
If you search for CherrySwap today, you’ll find old blog posts from 2022 praising its “low fees” and “robust security.” But those articles are relics. The website is gone. The app doesn’t load. The tokens can’t be swapped. And the blockchain records? Empty.
Here’s the hard truth: CherrySwap is a zombie protocol. It launched in 2021, made big claims, and then vanished. No updates. No community. No transactions. Just a ghost in the crypto graveyard.
Zero Trading Volume, Zero Liquidity
On CoinGecko, CherrySwap shows $0.00 in 24-hour trading volume. Zero. Not $100. Not $1. Zero. That’s not a slow day-it’s a dead exchange. For comparison, Uniswap moves over $1 billion daily. PancakeSwap moves nearly $850 million. CherrySwap? Nothing.
Even the “liquidity pools” it claims to have? They don’t exist on-chain. Blockchain explorers like Etherscan and OKLink show no transactions tied to CherrySwap’s smart contracts. No deposits. No swaps. No withdrawals. Just empty addresses.
And here’s the kicker: CherrySwap’s own dashboard claimed $2 million in total value locked (TVL) as recently as March 2025. But when users tried to trade, they got “insufficient liquidity” errors. The numbers were fake. A UI illusion. A mirage.
Contradictory Blockchain Claims
One source says CherrySwap runs on Binance Smart Chain. Another says it’s built on OKExChain. Neither is true.
Bitget’s 2023 report claimed it used BSC with 3-second finality and 0.25% fees. CryptWerk’s 2024 report said it was on OKExChain with 1-second blocks. But neither chain has a single verified transaction from CherrySwap’s contract address.
This isn’t a technical mistake. It’s a red flag. Legitimate projects don’t flip blockchains mid-launch. They pick one, build solidly, and prove it on-chain. CherrySwap didn’t even do that.
Even if you could pick one chain to believe, the smart contracts are incomplete. GitHub repositories labeled “CherrySwap” haven’t been updated since June 2022. The code is half-built, missing key functions like fee distribution and governance voting. No one’s maintained it. No one’s fixed it.
No Audits, No Security
Security is everything in DeFi. If you’re swapping tokens, you need to know the code has been checked by experts.
CherrySwap claims to have “smart contract audits.” But no audit reports from CertiK, PeckShield, or any reputable firm exist in public databases. Blockchain security researcher Maria Rodriguez confirmed this in August 2025: “The absence of verifiable audit documentation is a critical red flag.”
Compare that to SushiSwap, which underwent six audits between 2021 and 2025. Or Uniswap, whose code has been reviewed by dozens of independent teams. CherrySwap? Nothing. No paper trail. No proof. Just promises.
No Community, No Support
Real crypto projects have communities. People talk. People ask questions. People report bugs.
CherrySwap’s Twitter account hasn’t posted since December 2022. Its Telegram group has 237 members. Uniswap has 487,000. PancakeSwap has over 1.2 million.
On Reddit, there are only 17 posts about CherrySwap in the past year. Most are from users asking, “Is this still alive?” or “Why won’t my transaction go through?” One user tried swapping 0.5 BNB for CHE and got stuck for days. No support. No replies.
Customer support emails bounce back. The website links (cherryswap.finance, cherryswap.net) return 404 errors. The contact page? Gone. The FAQ? Deleted. There’s no one to talk to. No one to help you if things go wrong.
Why Does It Still Show Up on Exchanges?
If CherrySwap is dead, why do some crypto sites still list it?
Because automated listing bots don’t check if a project is alive. They just scan for token contracts and dump them into databases. CoinGecko, for example, still lists CherrySwap’s CHE token-even though it has zero trading volume and no liquidity.
Some tiny exchanges like Let’s Exchange still show CHE trading. But the volume? 0.0003 BTC per month. That’s less than $10 worth. It’s not trading-it’s ghost trading. Someone’s holding it. No one’s buying.
This is why you can’t trust exchange listings alone. A token being listed doesn’t mean it’s usable. It just means a bot found it once.
Expert Consensus: It’s a Scam
Early in 2022, some analysts called CherrySwap promising. But today? The consensus is unanimous.
Dr. Alan Wong from Chainalysis said in October 2025: “The complete absence of verifiable on-chain activity for a platform claiming significant adoption is statistically implausible. This pattern matches 83% of zombie protocols we’ve identified.”
Security researcher Maria Rodriguez added: “CherrySwap exhibits multiple red flags-contradictory claims, no audits, zero volume. These characteristics align with 92% of scam protocols we’ve analyzed since 2023.”
Chainalysis’ zombie protocol detection algorithm gives CherrySwap a 98.7% chance of being permanently inactive. Messari’s Token Terminal excludes it entirely because “there’s no economic activity to analyze.”
What Happens If You Try to Use It?
Let’s say you’re tempted. You find an old guide. You connect your MetaMask. You try to swap ETH for CHE.
Here’s what happens:
- The website won’t load.
- If it does, your wallet connects-but no tokens appear.
- You click “Swap,” and the transaction fails with “insufficient liquidity.”
- You check your wallet. Your ETH is still there. But you lost gas fees.
- You search for support. No response.
- You check CoinGecko. The token price is $0.00000001.
You didn’t lose your money to a hack. You lost it to a dead project. And now you’re stuck with a token no one wants.
What Should You Use Instead?
If you want a decentralized exchange that actually works, here are your real options:
- Uniswap (Ethereum) - The most trusted DEX. High liquidity. Audited. Active community.
- PancakeSwap (BSC) - Low fees. High volume. Great for beginners.
- 1inch - Aggregates liquidity across 15+ chains. Best for finding the best price.
- SushiSwap - Strong governance. Multiple reward programs. Proven track record.
These platforms have real users, real volume, and real security. CherrySwap has none of that.
Final Verdict
CherrySwap is not a failed project. It was never a real one.
It had no working code. No audits. No community. No transactions. No updates. No support.
It’s a classic example of a project that raised awareness with flashy claims but delivered nothing. The kind of thing that thrives in the early crypto hype cycle-and dies the moment scrutiny arrives.
If you see CherrySwap mentioned anywhere today, treat it like a broken link. Don’t click. Don’t invest. Don’t even think about it.
There are hundreds of legitimate DeFi platforms. You don’t need to gamble on a ghost.
Is CherrySwap still operational in 2025?
No. As of November 2025, CherrySwap is completely non-functional. Its website is offline, its smart contracts show zero on-chain activity, and its trading volume is $0. All claims of operation are based on outdated or fabricated data.
Can I still trade CHE tokens?
Technically, yes-on a handful of tiny, low-volume exchanges like Let’s Exchange. But the trading volume is negligible (under $10/month). There is no liquidity, no buyers, and no way to sell CHE at any meaningful price. Holding CHE is effectively holding worthless digital paper.
Was CherrySwap ever audited?
No verifiable audit reports exist from any reputable security firm like CertiK, PeckShield, or Trail of Bits. Claims of audits were never backed by public documentation. The absence of audits is one of the strongest indicators that CherrySwap was not a legitimate DeFi project.
Why do some websites still list CherrySwap as an exchange?
Automated crypto data aggregators like CoinGecko and CoinMarketCap sometimes list projects based on contract addresses alone, without verifying if the platform is live or functional. CherrySwap appears on these sites due to legacy data, not because it’s active or trustworthy.
What should I do if I already bought CHE tokens?
If you hold CHE tokens, you likely cannot sell them at any real value. Do not send more funds to the platform. Do not interact with any CherrySwap-related smart contracts. The only safe action is to hold or discard the tokens-there is no recovery path. Treat them as lost.
Are there any legitimate alternatives to CherrySwap?
Yes. Uniswap, PancakeSwap, 1inch, and SushiSwap are all active, audited, and trusted decentralized exchanges with millions in daily volume. They offer better fees, real liquidity, and active communities. Avoid unverified or obscure platforms like CherrySwap.
CherrySwap was never a project-it was a performance art piece about human gullibility in crypto
I remember seeing this on a coin list back in 2022 and thinking ‘hmm, looks sketchy’-glad I didn’t touch it. So many people still chase ghosts in this space.
Why do people still believe in projects with no activity? It’s like buying a car with no engine and hoping it will start one day.
Zero TVL, zero audits, zero devs-this is textbook rug pull architecture. The only thing more dead than CherrySwap is the FOMO that kept it alive in people’s minds.
This isn't just a cautionary tale-it's a philosophical indictment of the entire speculative crypto ecosystem. We reward spectacle over substance, noise over network effects, and vaporware over verifiable utility. CherrySwap didn’t fail-it was always meant to be a mirror, reflecting our collective desire to believe in magic instead of math.
The real tragedy isn’t the lost funds-it’s the erosion of discernment. We traded critical thinking for the dopamine hit of a ‘next big thing.’
And now, when we see another ‘revolutionary’ DEX with glowing whitepapers and zero on-chain activity, we don’t ask ‘Is this real?’-we ask ‘Will I be too late?’
That’s the true collapse. Not the smart contract. Not the website. But the belief that redemption is just one click away.
CherrySwap didn’t die because it was bad. It died because we refused to see how bad it was until it was too late.
We didn’t lose money. We lost our skepticism.
And that’s the most irreversible loss of all.
i just checked my wallet again… still have 12k CHE… feels like holding a dead phone that still lights up when you press the button
bro just imagine putting your money into something and then realizing the whole team ghosted you and left the code half-written like a high school group project where one guy did all the work and then dropped out
CherrySwap is the crypto version of a TikTok influencer who sold you a ‘secret wealth hack’ then vanished after 3 videos. We all knew it was fake. We just wanted it to be real.
It’s wild how the crypto space keeps recycling the same scams under new names. CherrySwap, SquidGameCoin, TerraLuna-it’s all the same script: hype, fake TVL, no audits, then silence.
And every time, someone new falls for it because they’re convinced ‘this time it’s different.’
It’s not.
Real projects don’t need to lie about their volume. They don’t need to fake their community size. They just build-and the market follows.
CherrySwap didn’t fail because the tech was bad. It failed because the people behind it were never serious.
If you’re holding CHE, don’t panic. Just don’t add more. And if you’re thinking of investing in a new project? Check their GitHub, their audit reports, and their last tweet. If any of those are blank-walk away.
You don’t need to chase every shiny thing. Just wait for the ones that actually show up.
Let’s be precise here: CherrySwap isn’t merely inactive-it’s an ontological void in the DeFi ecosystem. It exists as a data artifact, a ghost in the machine of blockchain explorers, a semantic echo of ambition that never materialized into action. The very notion of ‘liquidity’ implies movement, participation, economic agency-and CherrySwap possesses none of these. It is a monument to vaporware, a cathedral built on sand, a promise encoded in smart contracts that were never meant to execute.
Furthermore, the persistence of its listing on CoinGecko is not negligence-it is complicity. Automated systems don’t lie, but they don’t care either. And in crypto, indifference is the most dangerous form of endorsement.
It is not merely a dead project. It is a symptom. A symptom of a market that rewards narrative over verification, branding over blockchain, and aspiration over accountability. We didn’t lose money on CherrySwap. We lost our moral compass.
And until we start auditing the auditors, the aggregators, the influencers, and the exchanges that profit from listing dead tokens-we are all just participants in the same performance.
CherrySwap didn’t die because it was a scam.
It died because we let it live.
Honestly? I’m just glad this got documented so clearly. I’ve seen so many people get burned by stuff like this. If you’re new to crypto, read this whole thing. Save yourself years of headache.
And if you’re still holding CHE… you’re not alone. But you’re not stuck forever. Just don’t touch it. Let it sit. Maybe one day someone will archive it as a museum piece.
After reading this, I’m convinced CherrySwap was a state-sponsored disinformation campaign disguised as a DeFi project.