SharkySwap was supposed to be the all-in-one DeFi platform you never knew you needed. Swap tokens. Stake. Trade perpetuals. Bridge chains. Launch new coins. All in one place. Sounds great, right? But here’s the truth: SharkySwap doesn’t work. Not anymore. Not ever, really.

If you’re looking at SharkySwap right now because you saw it listed on CoinMarketCap, stop. That listing is a ghost. It’s a data point with no substance. The token, SHARKY, has a total supply of 280,500. But the circulating supply? Zero. That means no one owns any SHARKY tokens. No one can trade them. No one can stake them. No one can even add them to their wallet. It’s like a store with shelves full of products - but every product is labeled ‘Out of Stock’ and the doors are locked.

The platform was built on Arbitrum, which is a smart choice. Arbitrum gives you Ethereum-level security with cheaper, faster transactions. That’s why Uniswap, SushiSwap, and GMX thrive there. But SharkySwap never got past the drawing board. Its website, last updated in 2023, still has ‘Coming Soon’ banners on every feature. The whitepaper promised a 0% slippage system for stablecoins - something even Curve Finance can’t fully deliver. But without liquidity pools, that feature is just a paragraph in a PDF no one reads anymore.

Let’s talk about what SharkySwap claimed it could do - and why none of it matters.

What SharkySwap Promised (And Never Delivered)

The roadmap was ambitious. Six core features were listed in their 2023 documentation:

1. Zap Functionality - Buy one token and instantly turn it into a liquidity pair with one click. Sounds useful. But without any SHARKY tokens in circulation, there’s nothing to zap into.
2. Staking & Yield Farming - Earn daily rewards by locking up your tokens. But you can’t stake what you don’t have. And no one’s depositing anything because there’s no way to get SHARKY.
3. Token Swaps - Trade ETH for SHARKY, USDC for SHARKY, etc. But there are no liquidity pools on Arbitrum for SHARKY. Etherscan shows zero transactions since 2023.
4. 0% Stablecoin Slippage - A theoretical edge over Curve Finance. But slippage only matters if people are trading. And no one is.
5. Cross-Chain Bridge - Move assets from Arbitrum to other chains. But the bridge doesn’t exist. No one’s sent a single token through it.
6. Perpetual Trading - Leveraged trading up to 20x. This would’ve made SharkySwap a direct rival to GMX. But no markets. No orders. No users.

And then there were the features they never even got to: a lottery system and a launchpad for new tokens. Both still marked as ‘in development’ - three years later.

Why No One Is Using It

There’s no community. No conversation. No activity.

Check Reddit: zero threads about SharkySwap in r/defi or r/CryptoCurrency since 2023. Twitter? Twelve bot posts. No human replies. Discord? Archived. Last activity: June 2023. Telegram? Went from 382 members to 27. No messages since December 2023.

Compare that to Camelot DEX, which has 8,200 Telegram members. Or Trader Joe, with over 15,000 on Discord. Those are small DEXs. SharkySwap isn’t even in the same league. It’s not on the map.

Even the project’s GitHub repo is dead. Three commits in May 2023. That’s it. No code updates. No bug fixes. No new features. Just a skeleton of smart contracts with no deployment scripts or test cases. It looks like someone started a project, got bored, and walked away.

No Audits. No Security. No Trust

Every legitimate DeFi project gets audited. By CertiK. By OpenZeppelin. By Trail of Bits. SharkySwap? Nothing. No public audit reports. No security notices. No incident disclosures - because there’s nothing to disclose. The contract address (0x73ed...5722f1) has never been interacted with by real users. No one has sent ETH to it. No one has added liquidity. No one has claimed rewards.

Dr. Elena Rodriguez from Messari put it bluntly: projects with zero circulating supply and zero trading volume are usually abandoned testnets or scams. SharkySwap fits both descriptions. It’s not a scam in the traditional sense - no one stole your money because no one gave them any. But it’s a scam in the way it misled early followers with promises they never kept.

What About the Price?

Coinbase Converter lists SHARKY at $0.000178. That’s not a price. That’s a placeholder. A math equation based on total supply and a fantasy market cap. The real market cap? $0. Because no tokens are circulating. No one is buying. No one is selling. The token has no value because it has no utility.

Even CoinMarketCap’s own notes say the listing is a ‘preview page’ - a label reserved for projects that don’t meet basic activity thresholds. It’s not an endorsement. It’s a footnote.

How Does It Compare to Real DEXs?

Let’s be clear: SharkySwap isn’t a competitor to Uniswap, PancakeSwap, or Curve. It’s not even a footnote in their story.

Uniswap moved $247 billion in Q2 2025. PancakeSwap moved $189 billion. Curve Finance, focused on stablecoins, did $93 billion. All of them have active communities, real liquidity, and regular code updates.

SharkySwap? $0 trading volume. $0 TVL (Total Value Locked). $0 unique wallets interacting with its contract. Zero.

Even on Arbitrum - the chain it was built on - there are 27 active DEXs as of October 2025. SharkySwap isn’t one of them. It’s not even on the list.

Is There Any Hope for SharkySwap?

No.

There’s no roadmap update. No team announcement. No new GitHub commits since May 2023. No social media posts since 2023. No responses to support emails. No developer calls. No community meetings.

The project is dead. Not ‘sleeping.’ Not ‘on pause.’ Dead. The code is frozen. The community is gone. The token is worthless. The website is a relic.

If you’re thinking of buying SHARKY because it’s ‘cheap,’ don’t. You’re not getting a bargain. You’re getting a tombstone.

What Should You Do Instead?

If you want a decentralized exchange on Arbitrum, go with something that’s alive.

• Uniswap - The original. Reliable. High liquidity. Easy to use.
• PancakeSwap - Great for BSC and Arbitrum users. Strong community.
• Curve Finance - Best for stablecoin swaps with minimal slippage.
• GMX - If you want perpetual trading, this is the leader.
• Camelot - A smaller, community-driven DEX with active development.

These platforms have real users, real volume, and real audits. They’re not perfect, but they’re working. SharkySwap isn’t even a prototype anymore. It’s a cautionary tale.

Final Verdict

SharkySwap is not a crypto exchange. It’s a ghost. A placeholder. A project that never launched. Its token has no value because no one ever gave it any. Its features don’t exist because no one ever built them. Its community vanished because no one believed in it anymore.

Don’t waste your time. Don’t waste your money. Don’t even click the link. If you see SHARKY listed somewhere, assume it’s a trap - not because it’s malicious, but because it’s meaningless.

There are hundreds of real DeFi platforms out there. Pick one that’s alive.