BunnySwap Crypto Exchange Review: A Niche DEX with Almost No Trading Volume
When you hear "crypto exchange," you probably think of something like Uniswap or PancakeSwap - platforms where you can swap dozens, even hundreds, of tokens with decent liquidity. But what if you could only trade one coin? And what if that coin barely moves? That’s BunnySwap.
BunnySwap launched in 2024 as a decentralized exchange built on Ethereum. It doesn’t have a website you can trust. No company registration. No named founders. No public team. It’s just a smart contract with one job: let people trade FRIEND tokens for Wrapped Ethereum (WETH). That’s it. No other pairs. No other tokens. No fiat on-ramps. No mobile app. Just one trading pair.
As of October 2025, BunnySwap’s 24-hour trading volume was $231.94. That’s less than the cost of a decent dinner in Wellington. And it dropped 92.91% from the day before. In other words, almost nobody is using it. Compare that to Uniswap, which does over $1 billion in volume daily. BunnySwap doesn’t just trail behind - it’s in a completely different universe.
What Exactly Is BunnySwap?
BunnySwap is an automated market maker (AMM), which means it doesn’t use order books like traditional exchanges. Instead, it uses liquidity pools. If you want to swap FRIEND for WETH, your trade is matched against a pool of tokens held by other users. Sounds normal, right? Except there’s no pool. Or rather, there’s a tiny one.
The bid-ask spread for FRIEND/WETH is 0.603%, which seems low. But look deeper. The order book depth at +2% is only $11,652. At -2%, it’s $11,617. That’s not a deep market - it’s a puddle. Try to trade $500 worth of FRIEND, and you’ll likely get a terrible price. Slippage will eat your profit. Even small trades feel risky.
There’s no documentation. No audit reports. No verified smart contract address you can check on Etherscan. The interface looks like a basic Uniswap clone - drag, drop, approve, confirm. No fancy features. No staking. No yield farming. No governance tokens. Just swap.
Why Does BunnySwap Even Exist?
It’s not trying to be the next Coinbase. It’s built for one thing: the Friend.tech ecosystem. Friend.tech is a social token platform where users buy and trade tokens tied to influencers. The FRIEND token is its backbone. BunnySwap was created as a dedicated trading hub for that token.
On larger DEXes like Uniswap, FRIEND trades alongside hundreds of other coins. Liquidity is spread thin. BunnySwap promises deeper liquidity for FRIEND alone. But here’s the catch - it doesn’t have it. With only $231 in daily volume, there’s no depth to speak of. Even if you’re 100% focused on FRIEND, you’re better off trading it on Uniswap, where daily volume for that same token hits $1.2 million.
So why does BunnySwap exist? Maybe it was a quick experiment. Maybe a group of Friend.tech users wanted their own little corner of the market. But it’s not a solution - it’s a ghost town.
Who Should Use BunnySwap?
If you’re a beginner? Don’t. You need to already have ETH, WETH, or FRIEND in a wallet. You need to know how to connect MetaMask. You need to understand gas fees. You need to know what a smart contract is. BunnySwap doesn’t teach you anything. It assumes you’re already deep into DeFi.
If you’re an experienced trader? Still don’t. There’s no reason to. You can trade FRIEND on Uniswap with 5,000x more liquidity. You can use limit orders. You can track price charts. You can see real-time volume. BunnySwap offers none of that.
There’s no customer support. No Telegram. No Discord. No help center. If something goes wrong - if your transaction fails, if the interface freezes, if you send tokens to the wrong address - you’re on your own. There’s no team to contact. No one to blame. No one to fix it.
Security: No Audits, No Transparency
Most serious DeFi projects get audited by firms like CertiK or SlowMist. BunnySwap? Nothing. No public audit report. No GitHub repo. No changelog. No release notes. The smart contract exists, but you can’t verify who wrote it. No one knows if it has hidden backdoors. No one knows if the liquidity pool can be drained.
That’s not just risky - it’s irresponsible. In crypto, trustlessness doesn’t mean you shouldn’t verify. It means you have to verify yourself. And with BunnySwap, there’s nothing to verify.
How Does It Compare to Other DEXes?
| Feature | BunnySwap | Uniswap | PancakeSwap |
|---|---|---|---|
| Number of trading pairs | 1 (FRIEND/WETH) | 1,832 | 1,203 |
| 24-hour trading volume | $231.94 | $1.24 billion | $487 million |
| Liquidity depth | Shallow (±2%: $11,600) | Extremely deep | Very deep |
| Fiat on-ramp | No | No | No |
| Smart contract audit | None | Yes (multiple) | Yes |
| User support | None | Community forums | Discord, help center |
| Cross-chain support | No | Yes (Ethereum only) | Yes (BSC, Ethereum, others) |
Look at that table. BunnySwap doesn’t just lose - it doesn’t even compete. Uniswap and PancakeSwap have thousands of trading pairs, millions in volume, verified security, and active communities. BunnySwap has one token, one pair, and a trading volume so low it’s almost invisible.
Is BunnySwap Worth Your Time?
No.
Even if you’re obsessed with Friend.tech and the FRIEND token, there’s no advantage to using BunnySwap. The liquidity is worse than on Uniswap. The interface is clunkier. There’s no safety net. No backup. No community. No future.
And that -92.91% volume drop? That’s not a glitch. That’s a warning sign. People are leaving. Why? Because there’s nothing there to keep them.
BunnySwap feels like a prototype that got stuck in development. A side project that never grew. A testnet that went live by accident. It’s not a real exchange. It’s a curiosity.
Final Verdict
BunnySwap isn’t broken. It’s irrelevant. It doesn’t serve a need. It doesn’t solve a problem. It doesn’t offer anything better than what already exists.
If you’re looking for a decentralized exchange, go to Uniswap. If you want to trade FRIEND, do it there. If you’re curious about niche crypto projects, look at ones with real volume, real users, and real audits.
BunnySwap is a ghost. And ghosts don’t make good trading partners.
What is BunnySwap?
BunnySwap is a decentralized exchange (DEX) launched in 2024 that only allows trading between the FRIEND token and Wrapped Ethereum (WETH). It has no other trading pairs, no fiat on-ramp, no audit, and no public team. It operates as a basic Uniswap fork with minimal functionality.
Is BunnySwap safe to use?
No, not reliably. There are no public smart contract audits, no verified developers, and no customer support. User funds are held in non-custodial wallets, but without audits or transparency, there’s no way to know if the contract is secure or if it could be exploited.
Can I trade other tokens on BunnySwap?
No. BunnySwap only supports one trading pair: FRIEND/WETH. You cannot trade any other cryptocurrency on the platform. It has no cross-chain support and doesn’t list any other tokens.
Why is BunnySwap’s trading volume so low?
Because almost nobody uses it. As of October 2025, its 24-hour volume was just $231.94 - less than 0.0000016% of the total DEX market. The platform lacks liquidity, features, and community trust, making it unattractive even to dedicated FRIEND token traders.
Should I use BunnySwap instead of Uniswap for trading FRIEND?
No. Uniswap has over $1.2 million in daily FRIEND trading volume and far deeper liquidity. BunnySwap’s shallow order book means you’ll face high slippage and worse prices. There’s no benefit to using BunnySwap over a larger, more reliable DEX.
Steven Lefebvre
BunnySwap is the crypto equivalent of a lone gas station in the middle of nowhere. You see it, you think, "Wait, why does this exist?" Then you check the pump and realize there’s literally no fuel. Still, I kinda respect the audacity. Someone built this just to prove they could. Not because it made sense, but because they could.
It’s art. Bad, dangerous, un-audited art.
nalini jeyapalan
This isn't a DEX. It's a meme with a smart contract. $231 in volume? That's less than what I spent on coffee last week. And you're telling me people are still trying to trade here? The only thing deeper than this liquidity pool is my regret for even clicking on it.
Stop romanticizing failure. This isn't "niche," it's dead.
Christina Young
Uniswap has 5,000x more volume. That's not a comparison. That's a demolition derby. BunnySwap doesn't have a team, an audit, or a future. It has a name, a contract, and a prayer. If you're holding FRIEND on this, you're not a trader. You're a graveyard tourist.
Drago Fila
Look, I get it - it’s a weird little corner of crypto. But sometimes the weirdest projects are the ones that spark something bigger. Maybe BunnySwap is just the seed of a better Friend.tech ecosystem.
Yeah, right now it’s a ghost town. But what if next year, someone rebuilds it? What if they add audits, liquidity mining, a real UI? Don’t write off projects just because they’re small. Give them room to breathe.
And hey - if you’re bored, go trade $5 on it. See what happens. You might be surprised. Or you’ll lose $5. Either way, you’ll have a story.
Nick Greening
Everyone’s acting like this is a failure. What if it’s the point? What if BunnySwap isn’t meant to be a DEX? What if it’s a satirical performance piece on DeFi? The low volume? The lack of audits? The one-pair setup? It’s a mirror held up to the entire crypto industry.
We all chase liquidity, volume, hype. But here’s a project that does the opposite. It’s not broken. It’s a critique. You just refuse to see it because you’re too busy counting your bag.
Jackson Dambz
The entire premise of this post is flawed. You are not analyzing a product. You are mourning a corpse. BunnySwap is not a "niche DEX." It is a non-functional artifact. It does not serve a purpose. It does not solve a problem. It is not a competitor. It is irrelevant. The only value it holds is as a case study in poor execution and existential neglect.
There is nothing more to say.
Megan Lutz
The fact that people still defend this thing is why crypto is in trouble. There is no justification for using BunnySwap - not for liquidity, not for security, not for community. The math is clear: Uniswap offers 5,000x better trade execution with 100x more transparency.
Choosing BunnySwap is not a statement. It’s a mistake. And mistakes like this get people rekt. Hard.
Jesse VanDerPol
Just wanted to say I checked the contract. No mint function. No admin keys. No way to drain funds. It’s not malicious. Just… empty.
Still, I’m weirdly impressed someone made this and left it alone. No updates. No promotions. Just… sitting there. Like a forgotten shrine.
jonathan swift
🚨 ALERT 🚨
THIS IS A COINBASE BACKDOOR. I’ve seen this before. The "FRIEND" token? It’s not even real. It’s a honeypot. The contract is coded to auto-sell your WETH after 3 confirmations. Then it sends it to a wallet owned by the "Friend.tech" team. They’re not trying to build a DEX.
They’re harvesting wallets.
💀💀💀
DO NOT INTERACT. DO NOT APPROVE. DO NOT EVEN LOOK AT IT.
THIS IS A PHISHING SCAM DISGUISED AS A PROTOCOL.
JUST SAY NO.
Datta Yadav
You think this is bad? Wait until you see what’s coming next. This isn’t the end - it’s the beginning of something far more sinister. BunnySwap is the canary in the coal mine. The entire DeFi space is built on sand. Every DEX, every AMM, every liquidity pool - they’re all just glorified gambling dens with code wrapped around them.
This one? It’s just honest about it. No audits? No team? No volume? Perfect. That means they’re not lying. They’re not pretending to be something they’re not. The real scam isn’t BunnySwap - it’s Uniswap with its $1.2 billion in volume and 100 hidden fee structures.
They’re all rigged. BunnySwap just forgot to hide the wires.
Wake up. The system is rigged. And this is the only honest thing left.
Lydia Meier
There is no justification for the existence of this platform. The data presented is unequivocal. Liquidity is negligible. Security is non-existent. Utility is zero. Engagement metrics indicate abandonment. The project exhibits all hallmarks of a failed prototype that was never decommissioned. There is no narrative arc here. Only entropy.
jay baravkar
Hey - I know it looks like a ghost town. But sometimes the coolest things start small.
I’ve seen projects go from $100 volume to $10M. All it takes is one person believing in it enough to build the next version. Maybe BunnySwap isn’t the answer - but maybe it’s the question.
Don’t trash it. Build on it. Fork it. Add a UI. Add a Discord. Add liquidity. Turn it into something real.
Or just ignore it. Either way - don’t be the person who laughed at the weird idea. Be the one who tried.
Ian Thomas
So… we’ve established that BunnySwap is useless. But here’s the real question: why does anyone care?
We live in a world where people spend hours debating whether a DEX with $231 in volume is "a failure" or "an art project." Meanwhile, real problems - like regulatory crackdowns, wallet security, and gas fees that bankrupt small traders - go ignored.
BunnySwap is just a mirror. And we’re all staring at it, pretending it’s a problem we need to solve.
It’s not a problem. It’s a distraction.
And we’re all addicted to distractions.