Kava Swap
SWP
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SWP (Kava Swap) serves as the native governance token for Kava Swap, an automated market maker developed by Kava Labs that launched in August 2021. While the project benefits from a known development team (Kava Labs) and a verified historical audit from CertiK with no recorded exploits or legal proceedings, the protocol has effectively collapsed into a dormant state. Active development has ceased with no major updates or roadmap progress since its launch window, community engagement is virtually nonexistent, and liquidity/market traction has evaporated with TVL dropping under $170K alongside near-zero trading volume. Token utility is limited to governance over a moribund AMM with no fee-accrual or deflationary dynamics. With no active ecosystem growth or usage, SWP carries extreme liquidity and viability risks.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Kava Swap (SWP)
SWP (Kava Swap) is the native governance token of Kava Swap, an automated market maker (AMM) decentralized exchange deployed on the Kava blockchain that has transitioned into an effectively dormant state with severe signs of abandonment. Launched in August 2021 alongside the Kava Mainnet 8 upgrade, the protocol was developed by Kava Labs, featuring an identifiable team including co-founder Scott Stuart.
The SWP token was established with a maximum supply of 250 million tokens minted at genesis and scheduled for distribution over four years. The initial allocation designated 55% to the community, 25% to the treasury, 15% to the team, and 5% to ecosystem growth, with no private or seed funding rounds. SWP functions primarily as a governance token within the Kava Swap system, lacking native fee-accrual or deflationary burn mechanisms, resulting in an emissions-driven supply profile.
While Kava Swap underwent a security audit by CertiK (receiving a Skynet score of 63.17/100) and has no documented history of exploits, hacks, or regulatory actions, the protocol suffers from severe liquidity and operational risks. Active development has ceased with no major updates or roadmap milestones since the 2021 launch window, community participation has dissipated, and total value locked (TVL) has fallen to roughly $166,000 alongside near-zero trading volume.