Wannaswap Crypto Exchange Review: Is It Still Operational in 2025?

Dec, 28 2025

When you hear the name Wannaswap, you might think it’s just another crypto exchange you can use to trade tokens. But here’s the truth: as of December 2025, Wannaswap isn’t really an exchange anymore. It’s a ghost. A zombie token with a website that doesn’t work, a community that vanished, and a platform that stopped updating over two years ago.

What Was Wannaswap Supposed to Be?

Wannaswap launched in 2021 as a decentralized exchange (DEX) built on Aurora EVM - the Ethereum-compatible layer built on the Near Protocol. The idea was simple: give users low-cost, fast trades without needing to pay Ethereum gas fees. It had its own token, WANNA, with a fixed supply of 100 million. At its peak, it promised to be the go-to DEX for Aurora users, offering swaps, liquidity pools, and yield farming.

But the reality? It never gained traction. While Uniswap processed over $1 billion in daily volume in 2025, Wannaswap struggled to hit $500. That’s not a typo. Five hundred dollars. For comparison, PancakeSwap does that in under five minutes.

Why Did Wannaswap Fail?

There’s no single reason it died. It was a slow collapse - a mix of bad timing, zero innovation, and total neglect.

First, it entered a saturated market. In late 2021, over 47 new DEXs launched. Most of them had better tech, bigger teams, or VC backing. Wannaswap had none of that. No funding rounds. No press releases. No developer updates. Its GitHub repo last committed code in November 2022 - over two years ago.

Second, the liquidity vanished. Without traders, liquidity providers pulled out. Then the pools dried up. By mid-2024, users reported broken interfaces, failed transactions, and zero trading pairs. One Reddit user tried to swap tokens in June 2024 and found the platform unresponsive. Their Telegram support? Silent for three weeks.

Third, the token became disconnected from the platform. Today, WANNA is still trading - but not on Wannaswap. You’ll find it on Bybit and a few other centralized exchanges. But that’s not the DEX. That’s just speculation. People are buying WANNA because they think it might bounce back. It won’t.

Crumbled Wannaswap monument in a digital graveyard surrounded by drifting zero-value tokens

Current State of Wannaswap (December 2025)

Here’s what you’ll find if you try to use Wannaswap today:

Website: The official site (wannaswap.io) is frozen. The last archived version from October 2024 still shows outdated MetaMask setup guides - none of which work with current Aurora network updates.
Trading Volume: Under $500 per day. CoinGecko doesn’t even list it as a ranked exchange anymore.
Token Price: WANNA trades around $0.00025. That’s down 99.99% from its all-time high of $3.28 in December 2021.
Circulating Supply: Conflicting numbers. CoinMarketCap says 2.74 million tokens are circulating. Bybit says 99 million. Either way, it’s not meaningful - no one’s using it.
Support Channels: Twitter (@WannaSwapDEX) last posted in April 2023. Telegram group moderators haven’t logged in since February 2024.
Community Sentiment: Average rating across all platforms: 1.2 out of 5 stars. No new reviews since mid-2024.

Is WANNA Token Still Worth Buying?

If you’re thinking about buying WANNA because it’s cheap - don’t. This isn’t a value play. It’s a graveyard.

The token has no utility. You can’t stake it on Wannaswap because the platform is dead. You can’t earn yield. You can’t vote on governance because no one’s holding meetings. Even the team behind it has gone silent.

Some traders still buy it because they hope for a rebrand or a rug pull flip. But that’s gambling, not investing. And the odds? They’re stacked against you. Delphi Digital’s 2025 report on failed DeFi projects labeled Wannaswap as one of the 83% of DEXs launched between 2021-2022 that are now completely inactive.

Lone wallet connected to a dead node with a fading WANNA token hovering above it

What Are the Alternatives?

If you want to trade on Aurora EVM, there are better options:

Ref Finance: The most active DEX on Aurora. High liquidity, real yield farming, and active development.
Uniswap (on Ethereum or via bridges): The gold standard. Works across chains, massive liquidity, trusted by institutions.
PancakeSwap: If you’re into BSC or cross-chain swaps, it’s still the leader in volume and features.
Curve Finance: Best for stablecoin swaps with low slippage.

These platforms have teams, roadmaps, audits, and real users. Wannaswap has a contract address and a token that trades on a centralized exchange. That’s it.

Final Verdict: Avoid Wannaswap

Wannaswap is not a crypto exchange you should use. It’s not even a project worth monitoring. It’s a relic. A cautionary tale of how not to build a DeFi platform.

If you’re looking for a decentralized exchange, pick one that’s alive. One that’s updating its code, adding features, and responding to users. Don’t waste your time on a platform that’s been dead for over 19 months.

The WANNA token might still show up on your portfolio tracker. But treat it like a bad investment you forgot to sell. Not a tool. Not a service. Just a digital ghost.

Is Wannaswap still operational in 2025?

No, Wannaswap is not operational. The exchange platform has been inactive since early 2024. The website is frozen, support channels are dead, and there have been no code updates since November 2022. The only remaining activity is speculative trading of the WANNA token on centralized exchanges like Bybit - not on the original DEX.

Can I still trade on Wannaswap’s DEX?

No, you cannot trade on Wannaswap’s DEX. Liquidity pools are empty, the interface is broken, and transactions fail consistently. Even if you connect your wallet, you won’t find active trading pairs. The platform has effectively shut down, and no one is maintaining it.

Is the WANNA token worth investing in?

No, the WANNA token is not a sound investment. It has no utility, no active development, and no community backing. Its price is driven purely by speculation from a handful of traders. With a market cap under $30,000 and zero on-chain activity, it’s classified as a "zombie token" by industry analysts. Buying it is gambling, not investing.

Why did Wannaswap fail when other DEXs succeeded?

Wannaswap failed because it lacked funding, innovation, and ongoing development. While competitors like Uniswap and PancakeSwap raised millions and continuously improved their platforms, Wannaswap had no venture backing, no roadmap, and no updates. It entered a crowded market with no unique features and quickly lost liquidity, users, and relevance.

Where can I find the WANNA token today?

The WANNA token is only traded on centralized exchanges like Bybit and a few smaller platforms. It is no longer listed or usable on the original Wannaswap DEX. Trading it there is purely speculative and has no connection to the defunct exchange platform.

Are there any active alternatives to Wannaswap on Aurora?

Yes. Ref Finance is the most active and reliable DEX on Aurora EVM. It has strong liquidity, regular updates, and community support. Other options include Uniswap (via cross-chain bridges) and PancakeSwap, depending on your preferred blockchain network.

Can I recover my funds if I left them on Wannaswap?

If you still have tokens locked in Wannaswap’s liquidity pools, you may be able to withdraw them manually using your wallet and the contract address. However, there’s no guarantee of success, and the process is complex. Most users who tried this reported failed transactions or zero returns. It’s not recommended unless you’re experienced with blockchain recovery.

18 Comments

Bianca Martins
December 28, 2025 AT 17:18

Wannaswap is officially a digital ghost town 😅 I held WANNA for a year thinking it'd bounce back. Nope. Just sat there like a dead battery in a flashlight. Glad I cut my losses before 2024.
Also, the fact that it's still on CoinGecko as a 'live' project is wild. Someone's clearly just auto-pulling data from 2022.
alvin mislang
December 28, 2025 AT 17:54

People who still buy WANNA are just feeding the zombie. This isn't investing, it's crypto funeral tourism. You're literally paying to keep a dead project on life support. Stop it. Just stop.
😭
Monty Burn
December 28, 2025 AT 20:35

It's funny how we treat crypto projects like they're alive. We give them names, we watch their charts, we cry when they die. But they're just code. Contracts. No soul. No heartbeat. No one's really gone when the server shuts down. We just stop looking.
Wannaswap never died. We just stopped caring.
Alexandra Wright
December 29, 2025 AT 22:00

Oh sweet mother of DeFi, someone actually thought this was a good idea? 🙄
Let me guess - the team thought 'low gas fees' meant 'no need to update the website' and 'fixed supply' meant 'no need to build anything else'.
Wannaswap didn't fail. It was never born. Just a PowerPoint deck with a token contract attached.
And yet... people still buy it. I'm not mad. I'm just disappointed.
Jack and Christine Smith
December 31, 2025 AT 14:44

omg i had like 5000 wan na in my wallet and i forgot about it 😭
just checked today and it's worth like 1.25 bucks now... i think i cried a little
but hey at least i learned not to trust projects with no twitter updates after 2022 😅
ref finance ftw!!
Michelle Slayden
January 2, 2026 AT 08:49

The collapse of Wannaswap exemplifies a systemic failure in the decentralized finance ecosystem: the absence of sustainable governance, continuous development, and community-driven accountability. The token’s continued trading on centralized exchanges represents not market efficiency, but rather speculative inertia - a phenomenon wherein price discovery is divorced entirely from utility.
One must question the ethical implications of permitting such assets to remain listed on major platforms without clear disclaimers regarding operational status.
Alex Strachan
January 3, 2026 AT 15:51

Bro, I used to think Wannaswap was the future 😅
Now I just laugh every time I see WANNA on my portfolio.
It's like finding a flip phone in your pocket and realizing you forgot you had it.
But hey - at least it taught me to check the GitHub before I HODL 😎
Ref Finance is where it's at. Real devs. Real updates. Real life.
Rick Hengehold
January 5, 2026 AT 07:30

Don't buy WANNA. Don't even look at it.
It's a trap.
Done.
Brandon Woodard
January 5, 2026 AT 17:51

It's tragic, really. Wannaswap was never about technology. It was about trust. And trust, once broken, cannot be restored by a token price rebound or a Reddit post.
The team abandoned their users. The users abandoned their expectations. And now, the blockchain holds the wreckage - silent, immutable, and indifferent.
Let this be a lesson: if you don't show up for your community, you don't deserve to be remembered.
Antonio Snoddy
January 6, 2026 AT 03:36

Have you ever felt the existential dread of holding a token that no one cares about anymore? Like you're the last person at a party where everyone left three years ago, still holding your cup, wondering if anyone will notice you're still here?
That's WANNA. That's me. That's us.
We're not investors. We're ghosts haunting the blockchain, whispering to smart contracts that don't respond.
And the worst part? We still check the price every morning.
Like it's going to say 'I'm back'.
It won't.
But we still hope.
Because hope is the last thing a dead project takes from you.
Ryan Husain
January 6, 2026 AT 09:45

Wannaswap's demise underscores a fundamental truth in crypto: without active development and transparent communication, even the most technically sound projects become irrelevant. The absence of updates is not merely negligence - it is a breach of the implicit social contract between builders and users.
It is imperative that future projects adopt mandatory quarterly transparency reports, even in periods of low activity. Otherwise, we risk normalizing digital abandonment.
Rajappa Manohar
January 6, 2026 AT 23:23

wan na is dead
ref finance good
move on
prashant choudhari
January 7, 2026 AT 13:36

Wannaswap was a classic case of overpromising and underdelivering. The Aurora chain had potential, but the team lacked vision and discipline. No roadmap. No updates. No accountability.
It’s not just a failed project - it’s a warning label for anyone entering DeFi without due diligence.
Always check the last commit date. Always.
Willis Shane
January 8, 2026 AT 16:52

I don't understand how people still have this token in their wallets. It's not a 'long-term hold'. It's a tombstone with a ticker symbol. If you're still holding WANNA, you're not an investor - you're a caretaker of a corpse.
And you're paying gas fees to mourn it.
Jake West
January 10, 2026 AT 04:25

Wow, someone actually wrote a 2000-word essay about a dead DEX? Congrats, you just turned a graveyard into a TED Talk.
Meanwhile, I’m over here using Ref Finance and actually making trades.
Wannaswap? I thought it was a meme. Turns out it was real. And even more pathetic than I thought.
Shawn Roberts
January 11, 2026 AT 09:21

Wannaswap was my first crypto fail 😅
but hey at least i learned to check the github before i buy anything
now i only trust projects with daily commits and real humans on twitter
ref finance all the way 🚀
also WANNA is worth less than my coffee today 😂
Emily L
January 12, 2026 AT 18:28

Why are you still reading this? Go delete WANNA from your portfolio. Right now. I'll wait.
...
Still here? You're part of the problem.
Alex Strachan
January 14, 2026 AT 10:12

Actually, I just checked - someone just bought 2 million WANNA on Bybit. Like, right now.
Who the hell is this person?
Are they trying to pump it? Or just really bad at math?
Either way... I'm not buying the hype. But I'm definitely watching.
Maybe this is the zombie's last gasp 🤔