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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:
- 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.
- 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.
- 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.
- 0% Stablecoin Slippage - A theoretical edge over Curve Finance. But slippage only matters if people are trading. And no one is.
- 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.
- 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.
Is SharkySwap a scam?
It’s not a classic scam where people stole funds - because no one ever sent any money to it. But it’s a deceptive project that promised features it never delivered. With zero circulating supply, zero trading volume, and no team activity since 2023, it’s best classified as an abandoned project. Many in the DeFi space call these ‘zombie projects’ - they look real on paper but are completely inactive in practice.
Can I buy SHARKY tokens?
Technically, yes - if you find a listing on CoinMarketCap or Coinbase Converter. But you can’t actually use them. There are no liquidity pools. No exchanges support trading them. No wallets let you add them without manual contract entry. Even if you ‘buy’ them, you can’t swap, stake, or withdraw them. The tokens are effectively unusable.
Why is SHARKY listed on CoinMarketCap if it’s dead?
CoinMarketCap lists tokens based on contract existence and basic metadata - not activity. If a token has a valid smart contract and a total supply, it can be listed even with zero volume or circulation. This is why you see hundreds of dead tokens on their site. It’s not an endorsement. It’s a database entry. Always check trading volume and community activity yourself before trusting any listing.
Is SharkySwap built on Ethereum or Arbitrum?
SharkySwap was built on Arbitrum, which is a Layer 2 scaling solution for Ethereum. This means it was designed to be faster and cheaper than Ethereum mainnet. But being on Arbitrum didn’t save it. Many successful DEXs like Uniswap and GMX also run on Arbitrum - but they have real users and liquidity. SharkySwap had none.
What happened to the SharkySwap team?
There’s no public information about the team. No LinkedIn profiles. No Twitter accounts linked to the project. No interviews or announcements after March 2023. The project vanished without explanation. This is a major red flag in DeFi. Legitimate teams usually communicate even during delays. Silence like this almost always means the project is dead.
Should I invest in SharkySwap?
No. Never invest in a project with zero trading volume, zero circulating supply, and zero community activity. Even if the token price looks low, it’s not a bargain - it’s a trap. You’re not buying an asset. You’re buying a digital artifact with no utility or future. There’s no path to recovery for SharkySwap. Move on to active, verified DeFi platforms instead.
Comments (20)
taliyah trice
November 22, 2025 AT 23:31
SharkySwap is just another ghost in the crypto graveyard. No liquidity, no users, no future. Skip it.
diljit singh
November 23, 2025 AT 06:56
lol this is why i dont trust any project that doesnt have a meme coin first. if you cant sell hype, you cant sell code. sharkyswap was always gonna die. no community = no project.
Melina Lane
November 23, 2025 AT 07:06
so many people chase the next big thing without checking if the thing even exists. this is such a clear warning sign. if the website still says 'coming soon' after two years, walk away.
Phil Taylor
November 23, 2025 AT 21:20
Of course it’s dead. Americans think building a website = launching a product. In the UK, we’d have called this a draft and buried it. No audits, no team, no traction - it’s not a scam, it’s incompetence.
Marilyn Manriquez
November 25, 2025 AT 03:02
The silence speaks louder than any audit report. Projects like this don’t fail because of code. They fail because they never earned trust. And trust isn’t built with whitepapers. It’s built with consistency, transparency, and humility.
Lynn S
November 25, 2025 AT 22:57
Let me be clear: listing a token with zero circulating supply is not just negligent, it is fraudulent. CoinMarketCap should be held accountable for enabling this kind of deception. This isn't DeFi - it's digital theater.
Rob Sutherland
November 27, 2025 AT 19:23
I’ve seen this pattern too many times. The dream is beautiful - zero slippage, cross-chain bridges, perpetuals - but the execution? Nonexistent. It’s not about ambition. It’s about discipline. And discipline was missing from day one.
Abhishek Anand
November 28, 2025 AT 04:51
SharkySwap is a metaphysical experiment in futility. It exists as a contract on-chain, yet as a concept, it never transcended the imagination of its creator. A digital phantom. A symbol of potential unfulfilled. The real tragedy? Someone once believed it could work.
Leisa Mason
November 28, 2025 AT 19:03
Every crypto graveyard has its own ghost story. SharkySwap is the one where the devs left the lights on but forgot to turn on the power. The website still glows, but nothing inside moves. No trades. No whispers. No heartbeat.
Tim Lynch
November 28, 2025 AT 23:43
It’s not that SharkySwap failed. It’s that it never began. The code was written, but the soul was never there. You can’t fake community. You can’t fake liquidity. You can’t fake trust. And without those? It’s just a .pdf with a token symbol.
vinay kumar
November 30, 2025 AT 11:45
why do people still check coinmarketcap like its a bible. if you dont look at the chain yourself you deserve to lose money. sharky was dead before launch
Lani Manalansan
November 30, 2025 AT 22:28
It’s heartbreaking to see projects like this. Not because they were bad, but because they could’ve been good. Someone put effort into the design, the roadmap, the branding. But then… nothing. Just silence. That’s the real killer.
Frank Verhelst
December 2, 2025 AT 05:23
🚨 STOP. 🚨 If you see SHARKY on any exchange, close the tab. I’ve seen this movie before. The devs ghosted, the community vanished, and now it’s just a ticker with a price tag that means nothing. Don’t be the last one holding the bag.
Roshan Varghese
December 2, 2025 AT 13:03
they used arbitrum because its easy to fake activity there. coinmarketcap is owned by the same people who run the big exchanges. they list dead tokens to make the platform look bigger. this is all part of the pump and dump machine. sharkyswap was never meant to live. it was a honeypot for newbies.
Kaitlyn Boone
December 4, 2025 AT 12:30
the fact that someone still lists this on coinbase converter is why i stopped trusting centralized platforms. if you cant even filter out zero volume tokens what else are you hiding
Norm Waldon
December 5, 2025 AT 22:06
Let’s be honest - this is what happens when you let Americans run blockchain projects. They build websites, not systems. They market dreams, not solutions. In New Zealand, we’d have shut this down before the first commit. No audits? No team? No users? That’s not innovation. That’s negligence with a blockchain label.
Lara Ross
December 5, 2025 AT 23:29
To everyone considering investing in SHARKY: Please, for your own peace of mind, walk away. This isn’t a risk. It’s a loss waiting to happen. There is no recovery path. No revival. No second chance. Invest in projects that are alive, not archived.
andrew casey
December 6, 2025 AT 21:45
SharkySwap is not merely defunct - it is emblematic of a systemic failure in the crypto ecosystem: the commodification of aspiration over execution. The whitepaper was a cathedral; the code, a cardboard replica. The tragedy lies not in its death, but in the collective delusion that it ever lived.
Charan Kumar
December 7, 2025 AT 20:33
in india we have so many projects like this. they raise money on twitter, make a website, list on coinmarketcap and disappear. no one gets punished. no one gets fined. just another ghost in the blockchain cemetery. i hope regulators wake up soon
Terry Watson
December 8, 2025 AT 15:24
THIS IS WHY WE NEED REGULATIONS. Not just for scams - but for ghosts. A token with zero circulating supply should not be allowed to exist on any public ledger. It’s misleading. It’s dangerous. It’s a cancer on the entire industry. Someone needs to pull the plug on these listings - permanently.