When you hear "crypto exchange," you probably think of Binance, Coinbase, or even Uniswap. But what if you're deep inside the Astar Network ecosystem, holding ASTR or vASTR tokens, and you need a place to trade them without paying high fees or dealing with slow confirmations? That’s where Kyo Finance V3 comes in. It’s not another big-name exchange. It’s a niche, specialized DEX built for Soneium - and it’s trying to do something no one else has: simplify ve-tokenomics so much that even beginners can use it.

What Exactly Is Kyo Finance V3?

Kyo Finance V3 is a decentralized exchange (DEX) that runs on the Soneium blockchain, which is part of the Astar Network. Launched on January 1, 2024, it was designed to be the go-to trading platform for users already active in the Astar ecosystem. Unlike centralized exchanges, you don’t sign up or verify your identity. You connect your wallet - usually MetaMask - and start trading directly on-chain.

Its biggest claim? It removed all the complexity from ve-tokenomics. Most DEXs like Curve Finance or Aerodrome use vote-escrowed tokens (veTokens) to reward long-term liquidity providers. But they make you lock up tokens for weeks, vote in epochs, manage NFTs, and calculate voting power. Kyo Finance V3 says: none of that. Instead, it uses a real-time staking model. When you provide liquidity, you instantly earn rewards without locking anything. No timers. No voting. No NFTs.

That’s the promise. And if it works, it could be a game-changer for small DeFi users who get turned off by complicated systems.

Trading Volume: The Big Confusion

Here’s the first red flag: no one agrees on how much Kyo Finance V3 trades.

CryptoMarketCap says its 24-hour volume is over $72 million. CoinGecko says it’s under $900,000. CoinMarketCap’s spot volume is just over $1 million. That’s an 80x difference. And that’s not a typo.

In crypto, volume discrepancies like this usually mean one of two things: either the tracking platforms are measuring different things (like spot vs. perpetual swaps), or someone is inflating volume - a common trick in smaller DEXs to look more popular than they are. The fact that Kyo Finance V3’s top trading pairs (like USDT/WETH and USDC.E/WETH) only total around $2.4 million in volume suggests the $72 million figure is likely inflated or includes artificial activity.

For context, Curve Finance trades over $1 billion per day. Aerodrome hits $133 million. Kyo Finance V3, even at its highest reported number, is less than 1% of those figures. If you’re looking for deep liquidity or tight spreads, you won’t find it here.

What Can You Trade?

Kyo Finance V3 lists 16 cryptocurrencies across 25 trading pairs. That’s tiny. Compare that to Uniswap, which supports thousands. Most of the action is focused on tokens tied to the Astar Network:

• USDT/WETH - $1 million+ daily volume
• USDC.E/WETH - $900,000+ daily volume
• USDT/USDC.E - $400,000+ daily volume
• ASTR/WETH - $300,000+ daily volume
• vASTR/WETH - $200,000+ daily volume

If you’re trading stablecoins or ETH, you’re fine. But if you want to swap lesser-known altcoins - say, $BONK or $PEPE - you’re out of luck. This isn’t a general-purpose exchange. It’s a specialized tool for Astar Network users who want to move between their native tokens and ETH or stablecoins.

The "Sustainable LP Yield" Claim

One of the most controversial parts of Kyo Finance V3 is its promise to compensate liquidity providers for impermanent loss. Most DEXs don’t do this. Liquidity providers (LPs) lose money when prices swing wildly. Kyo Finance V3 claims it solves this by working with "aligned arbitrageurs" - traders who profit from price gaps and share some of their gains with LPs.

Sounds great, right?

But here’s the problem: no one has seen the contracts. No one knows how the revenue sharing works. The official documentation doesn’t explain it. Reddit users like "DeFiAnalyst89" called it "marketing hype." And without transparency, this feature is just a promise - not a guarantee.

If it works, Kyo Finance V3 could become the first DEX where LPs consistently earn more than they lose. If it doesn’t? You’re just another LP getting crushed by volatility.

Who Is This For?

Kyo Finance V3 isn’t for everyone. It’s not even for most crypto traders.

It’s for one group: Astar Network users who already hold ASTR, vASTR, or ARCAS and want to trade them efficiently. If you’re using Soneium as your main chain, and you’re comfortable with Web3 wallets, this might be the best place to swap your tokens.

But if you’re a casual trader looking for Bitcoin, Ethereum, or Solana pairs - skip it. You’ll find better prices, deeper liquidity, and more tokens on Uniswap, SushiSwap, or even centralized exchanges.

User Experience: Simple, But Barebones

The interface is clean. It loads fast. Connecting your wallet is straightforward. There’s no clutter. That’s a win.

But here’s what’s missing:

• No mobile app
• No help center
• No email support
• No educational guides
• Only a Telegram link for support

If you get stuck connecting your wallet or don’t understand how the real-time staking works, you’re on your own. The "How It Works" page is two paragraphs long. That’s not enough for someone new to DeFi.

And there are no reviews on Trustpilot, CryptoSlate, or FXVerify. Just a few scattered comments on the Astar Network forum. One user called it "user-friendly." That’s it.

How Does It Compare to Other ve-Tokenomics DEXs?

| Feature | Kyo Finance V3 | Curve Finance | Aerodrome Finance | |--------|----------------|---------------|-------------------| | Blockchain | Soneium (Astar Network) | Ethereum | Avalanche | | 24h Volume | $898K-$72M (disputed) | $1.14B | $133M | | Tokens Listed | 16 | 350+ | 200+ | | ve-Tokenomics | Simplified real-time staking | Epochs, voting, NFTs | Epochs, voting | | LP Impermanent Loss Protection | Claimed (unverified) | No | No | | Mobile App | No | No | No | | Support | Telegram only | Discord + email | Discord + email | | Market Share | 0.00% | 57% | 12% | Kyo Finance V3 wins on simplicity. But it loses on everything else: volume, liquidity, token variety, and trust.

Is Kyo Finance V3 Safe?

There’s no audit report publicly available for its smart contracts. That’s a major red flag. Even small DEXs like SushiSwap or PancakeSwap have had multiple audits. Kyo Finance V3 doesn’t list any.

Its trust score on CryptoMarketCap is 5/10 - but they don’t explain how they calculate it. CoinGecko doesn’t rate it at all.

In DeFi, if you can’t verify the code, you’re gambling. And with volume discrepancies and zero transparency on the LP reward mechanism, this feels more like a gamble than an investment.

Final Verdict: Niche Tool, Not a Replacement

Kyo Finance V3 isn’t bad. It’s just very, very narrow.

If you’re an Astar Network user who wants to trade ASTR, vASTR, or ARCAS with low fees and fast confirmations - and you’re okay with minimal liquidity and no support - then yes, give it a try.

But if you’re looking for a reliable, high-volume DEX to trade mainstream crypto? Keep looking. Kyo Finance V3 isn’t ready. It’s still a prototype with big promises and zero proof.

Its future depends entirely on whether Soneium grows. If Astar Network attracts more users, more tokens, and more liquidity, Kyo Finance V3 might become essential. Right now? It’s a quiet corner of DeFi - interesting, but not yet trustworthy.

How to Get Started (If You Decide To)

If you’re still interested, here’s how to use Kyo Finance V3:

1. Install MetaMask (or another EVM-compatible wallet).
2. Add the Soneium network manually using its RPC details (found on the Kyo Finance website).
3. Bridge your tokens from Ethereum, Polygon, or another chain to Soneium using the official Astar bridge.
4. Go to kyofinance.io and connect your wallet.
5. Select a trading pair (stick to USDT/WETH or USDC.E/WETH for best results).
6. Provide liquidity or swap tokens.

Remember: don’t deposit more than you’re willing to lose. And never send funds directly from an exchange - always use a wallet you control.