When you hear CherrySwap, a decentralized exchange built on the Binance Smart Chain that promised low fees and fast trades. Also known as CherrySwap DEX, it’s one of dozens of DeFi platforms that popped up during the 2021 crypto boom—many with flashy websites and zero real users. Unlike big names like Uniswap or PancakeSwap, CherrySwap never gained traction. It didn’t get listed on major trackers, never secured audits from reputable firms, and today, its liquidity pools are nearly empty. If you’re wondering whether to use it, the answer isn’t about features—it’s about survival.
CherrySwap isn’t alone. It’s part of a wave of DeFi exchanges, platforms that let users trade crypto without intermediaries, relying on smart contracts instead of centralized servers. Also known as automated market makers, they work best when they have deep liquidity and active traders. But CherrySwap’s liquidity dropped below $20,000 in early 2024 and hasn’t recovered. Compare that to Uniswap, which holds over $10 billion. Without users, there’s no price stability. Without price stability, there’s no reason to trade. And without trading, the platform becomes a ghost town—just code running on a blockchain with no one left to use it. That’s why you’ll find posts here about crypto exchange risks, the hidden dangers of using platforms that lack transparency, audits, or user activity. Also known as rug pull candidates, these platforms often look legit on the surface—clean UI, whitepaper, Twitter followers—but behind the scenes, they’re abandoned. CherrySwap fits that pattern. It has no official team disclosures, no active Discord community, and no recent updates. Even its token, $CHERRY, trades at fractions of a cent with almost no volume. That’s not a bug—it’s a feature of platforms that were never meant to last.
What you’ll find in this collection aren’t marketing fluff or biased reviews. These are hard facts pulled from on-chain data, exchange listings, and user reports. You’ll see how CherrySwap compares to other failed DeFi platforms like Archer Swap and Airbloc—both of which had similar trajectories: hype, then silence. You’ll learn how to spot a dying exchange before you deposit funds, what red flags to check in liquidity pools, and why a platform’s audit report means nothing if no one’s trading on it. This isn’t about whether CherrySwap is a scam—it’s about whether it’s alive. And right now, the data says it’s not.
CherrySwap was promoted as a low-fee DEX with yield farming and NFT features, but as of 2025, it has zero trading volume, no working website, and no verifiable audits. It's a dead project with no real users or liquidity.