iZiswap (Mode) Crypto Exchange Review: Zero Fees, Tiny Liquidity, and Real-World Risks
iZiswap Slippage Calculator
Important Disclaimer
This calculator demonstrates why iZiswap's "zero slippage" claim doesn't hold in practice. With only $171.58 daily volume and limited liquidity, larger trades face significant slippage. Never trade more than you can afford to lose.
Trade Amount Calculator
Based on iZiswap's actual liquidity data (5 trading pairs, $171.58 24h volume)
Enter your trade amount to see estimated slippage
When you hear "zero fees" and "zero slippage" in crypto, your ears perk up. Especially if you’ve paid $5 in gas to swap $20 worth of tokens on Uniswap last week. iZiswap (Mode) promises exactly that: no trading fees, no price slippage, and a clean interface built on the Mode blockchain. Sounds too good to be true? It kind of is.
iZiswap isn’t a new name in crypto. It’s part of iZUMi Finance, a project that started in Japan back in 2020. But iZiswap (Mode) itself launched in 2022, and it’s still living in the shadows of giants like Uniswap and PancakeSwap. It doesn’t have a mobile app. It doesn’t have a big team on Twitter. And it doesn’t have the liquidity to handle anything bigger than a coffee run.
Let’s cut through the marketing. What does iZiswap (Mode) actually do? It lets you swap tokens directly from your wallet-no KYC, no sign-up, no middleman. That’s standard for decentralized exchanges. But here’s the twist: it uses something called "discretized liquidity." Think of it like dividing a price range into neat little boxes instead of one smooth curve. The idea? Make capital more efficient. The reality? Most pools are empty.
Right now, iZiswap supports just 4 tokens across 5 trading pairs. That’s it. Compare that to Uniswap’s 8,500+ pairs or even PancakeSwap’s 500+. On iZiswap, you’ll find tokens like MODE, WETH, USDC, and a few others. But if you’re trying to trade anything obscure, you’re out of luck. Even swapping $100 of USDC for MODE can result in a 15% slippage because there’s barely any liquidity in the pool. That’s the opposite of what they claim.
Yes, they say "zero slippage." But that’s only true if you’re trading $5 or less. Once you go above that, the price jumps. Users on Reddit and SourceForge are calling it out: "Finding liquidity here is like searching for needles in a haystack." And they’re right. The platform’s 24-hour trading volume? $171.58. That’s not a typo. That’s less than the cost of a decent pair of sneakers. Meanwhile, Uniswap moves nearly $1 billion every day. iZiswap is a speck on the map.
But here’s the kicker: you don’t pay a single cent in fees. Not a 0.1%, not a 0.3%. Just zero. That’s rare. Even most DEXs charge something. FxVerify confirms this-maker and taker fees are both 0.00%. For traders who do small, frequent swaps, this is a real win. If you’re just moving small amounts between tokens you believe in, the fee savings add up fast. No need to wait for gas prices to drop. Just swap and go.
But fees aren’t everything. What about security? iZiswap is non-custodial, meaning you control your keys. That’s good. But there’s no public audit report from CertiK, Hacken, or any reputable firm. No transparency. No detailed breakdown of smart contract risks. That’s a red flag. Most top DEXs publish full audit results. iZiswap doesn’t. That means you’re trusting code that hasn’t been independently verified. In crypto, that’s a gamble.
And it’s not just the code. The platform has no regulatory oversight. FxVerify says it outright: "This company does not appear to be regulated by any government authority." That’s normal for DEXs, sure-but it also means no recourse if something goes wrong. No customer support line. No refund policy. If your transaction fails, you’re on your own.
Now, let’s talk about traffic. iZiswap gets about 65,802 visits per month. Sounds like a lot? Most of it-99%-is organic. People are finding it by searching. But here’s the catch: the average visit lasts just 1 minute and 15 seconds. Users view 2.46 pages per session. That means they’re clicking around, confused. They’re reading help docs, watching tutorials, trying to figure out how to add liquidity. One user said it took them three hours to set up a liquidity pool. On Uniswap? Fifteen minutes.
The interface is clean, yes. But it’s not intuitive. The liquidity provisioning tool is buried. The pool selection feels like a scavenger hunt. And there’s no mobile app. You’re stuck using a browser. No iOS or Android app. No PWA. That’s a huge disadvantage in 2025, when most crypto users trade on the go.
Who is this for? Not beginners. Not casual traders. Not people who want to swap ETH for USDT and call it a day. iZiswap (Mode) is for a very specific type of user: the DeFi tinkerer. The one who wants to test new liquidity models. The one who’s curious about discretized pools. The one who’s willing to accept tiny volume and zero support for the chance to play with something new.
If you’re an advanced user and you’ve got $20 to experiment with? Go ahead. Swap a little. See how it feels. But don’t lock in $500. Don’t add liquidity unless you understand impermanent loss in this specific model. The math is different here. The risks are higher. And the rewards? Barely exist.
Compare it to Demex or XY FINANCE. They have more volume, more pairs, better documentation. iZiswap’s edge is purely technical. But technology without users doesn’t survive. The DEX market is consolidating. The big players keep growing. The small ones? They fade. iZiswap hasn’t announced any roadmap updates. No partnerships. No new token listings. Just the same 4 coins, the same $171 in volume, the same silent smart contracts.
Is iZiswap (Mode) dead? Not yet. But it’s barely breathing. It’s a fascinating experiment, not a practical tool. It’s like owning a prototype electric car that runs perfectly on a test track-but has no tires, no charging stations, and no roads to drive on.
Bottom line: if you want to trade crypto reliably, use Uniswap, PancakeSwap, or Curve. If you want to learn how decentralized liquidity can evolve, then iZiswap (Mode) is worth a tiny test. But treat it like a lab experiment-not your main exchange. And never invest more than you’re willing to lose.
Comments
SHASHI SHEKHAR
November 29, 2025 AT 13:44Bro this is wild 🤯 Zero fees? Sure, but try swapping $50 and watch your USDC turn into Monopoly money. I did it last week and ended up with 85% of what I started with. The interface looks clean, but it's like a Ferrari with no gas - looks fancy, won't move. If you're here for DeFi experiments, cool. If you want to actually trade? Go somewhere with liquidity. This ain't a platform, it's a crypto art project.
Savan Prajapati
November 30, 2025 AT 06:15Zero fees? Cool. Zero users? Also cool. This thing is dead.
Abby cant tell ya
December 1, 2025 AT 10:02Oh sweet Jesus another "zero slippage" scam. I swear, every month some new guy comes out with a whitepaper that says "we fixed DeFi" and then vanishes with $200k in liquidity. This is just the same story with a new logo. Don't touch this with a 10-foot pole.
Michael Labelle
December 2, 2025 AT 23:18I gave iZiswap a shot last month just to see how the discretized liquidity model worked. Honestly? It's clever in theory. But the execution? Barely functional. I spent an hour trying to add liquidity to the MODE-WETH pool and gave up. No docs, no tooltips, no community help. It's like they built it for themselves and forgot everyone else exists. Still, I respect the attempt. Just... don't put real money in it.
stephen bullard
December 4, 2025 AT 10:42There's something beautiful about a project that doesn't care about hype. iZiswap isn't trying to be the next Uniswap - it's trying to be a quiet lab where new ideas can breathe. Yeah, the volume is tiny. Yeah, the interface is clunky. But that's the point. Most DeFi projects are just marketing machines with smart contracts bolted on. This one? It's a thesis. And if you're the type who gets excited about liquidity density curves instead of memecoins? You'll appreciate it. Just don't expect a 24/7 customer service line. This isn't Amazon.
Christina Oneviane
December 5, 2025 AT 05:50"Zero fees" is just a bait-and-switch for "zero liquidity". The only thing this platform is efficient at is stealing your time. I spent 45 minutes trying to swap $10 and ended up crying into my coffee. If you're not a DeFi masochist, just use Uniswap and be done with it.
Rachel Thomas
December 6, 2025 AT 03:40Why is everyone acting like this is some groundbreaking innovation? It's a glorified fork with a new color scheme. The devs probably just copied Uniswap’s code and deleted the liquidity pool code because they were too lazy to fix it. And now they’re selling it as "discretized liquidity" like it’s quantum physics. Wake up people.
Joel Christian
December 7, 2025 AT 21:05did u guys see the smart contract? i think i saw a typo in the function name... like "slippge" instead of "slippage"? not even a joke. this is like building a rocket out of duct tape and hoping it gets to mars. i swear if i lose my eth here i'm gonna scream
Sam Daily
December 7, 2025 AT 23:30Look, I'm not here to dunk on anyone's side project - I've built my own junk DEX too. But iZiswap? It's got soul. The UI is barebones, sure, but you can feel the intention behind it. This isn't for the FOMO crowd. It's for the quiet ones who want to tinker, who want to see what happens when you strip away the noise. I added $20 in liquidity last week. Lost $1.50 to impermanent loss. Learned more than I did in six months on Uniswap. That’s the real win.
Puspendu Roy Karmakar
December 8, 2025 AT 04:23Guys, I'm from India and I tried this on my phone browser. Took me 2 hours to even understand how to connect my wallet. No guide, no video, no help button. And then when I tried to swap, it said "insufficient liquidity" for every pair. I thought my wallet was broken. Turned out the platform just has zero users. This isn't innovation - it's isolation.
Kristi Malicsi
December 9, 2025 AT 00:36It's not dead it's just waiting for the right moment like a sleeping dragon. The tech is ahead of the crowd. When the Mode chain gets real adoption, this will be the first thing people remember. Right now it's like Bitcoin in 2011 - nobody gets it but the few who do are gonna be rich
Tom MacDermott
December 10, 2025 AT 17:10Oh wow, a DEX with less volume than my weekly Starbucks habit. How revolutionary. I bet the devs are sipping matcha lattes in a Tokyo co-working space, whispering to each other about "capital efficiency" while the entire crypto world moves on. Bravo. You've created the most exclusive club in DeFi - membership: 3 people, all of whom are the devs.
SARE Homes
December 11, 2025 AT 01:58Zero fees? Zero security audits? Zero transparency? ZERO INTELLIGENCE. Who approved this? Who let this go live? This isn't a DeFi project - it's a crypto graveyard with a fancy landing page. And the fact that people are still clicking on it? That's the real tragedy.
Brian Bernfeld
December 11, 2025 AT 11:32Let me break this down for the folks who think "zero fees" means "free money" - you’re not saving on fees, you’re paying in slippage, time, and emotional stress. I’ve traded on 12 different DEXs. iZiswap is the only one where I felt like I was debugging a broken calculator. The interface is clean, yes - but clean doesn’t mean usable. If you’re not here to learn, you’re here to lose. And you will.
SHIVA SHANKAR PAMUNDALAR
December 11, 2025 AT 22:48Look, I don't care if it's zero fees or zero liquidity. I care that I wasted 47 minutes of my life trying to swap two tokens and ended up with a blank screen and a headache. This isn't innovation. It's a glitch. And now it's on Reddit. Thanks, internet.
Grace Zelda
December 13, 2025 AT 06:13I think the real question isn't whether iZiswap works - it's whether we still believe in experimentation in crypto. We've turned everything into a product launch. No room for weird, quiet, underfunded projects anymore. iZiswap is a whisper in a scream. It might fail. But if we kill every quiet experiment because it's not profitable yet, we're not building a future - we're just building another Wall Street.
Shelley Fischer
December 15, 2025 AT 03:10The lack of regulatory oversight and absence of third-party audits render this platform fundamentally unsuitable for any user seeking even minimal risk mitigation. While the zero-fee structure is technically notable, the operational risks far outweigh the marginal cost advantages. I recommend immediate avoidance unless one is conducting academic research under controlled conditions.
Vaibhav Jaiswal
December 16, 2025 AT 13:56Man, I remember when we all thought DeFi was gonna change the world. Now we got this? A digital ghost town with a "zero fees" sign hanging crookedly over the door. I tried it. I felt like I was the last person on Earth trying to use a payphone. But hey - if you wanna be the one who found it before it vanished? Go ahead. Just don't cry when your $50 turns into a meme.
Sierra Myers
December 17, 2025 AT 20:52Zero fees? Sure. But you're paying in opportunity cost. Every second you spend on this is a second you could've spent on Uniswap earning yield. This isn't a platform. It's a time sink disguised as innovation. Don't fall for it.
Janice Jose
December 19, 2025 AT 15:27I don’t know why people are so mad. It’s a tiny project. It’s not trying to be big. It’s not trying to compete. It’s just… there. Like a quiet library in a city full of loud clubs. If you’re not looking for a library, don’t go in. But if you are? It’s peaceful. And sometimes, that’s enough.