SkullSwap Review: Is This Crypto Exchange Safe or a Scam?

When you hear SkullSwap, a decentralized crypto exchange that claims to offer high yields and low fees, you might think it’s another DeFi gem. But here’s the truth: there’s no real trading volume, no user activity, and no proof it’s even operational. It’s not just underperforming—it’s invisible. If a platform doesn’t show up on blockchain explorers or liquidity trackers, it’s not a swap. It’s a ghost.

SkullSwap is part of a growing cluster of projects that look like exchanges but act like hype machines. They copy names from real platforms, use flashy websites, and promise big returns—then vanish. Compare it to Dark Knight Swap, a known low-liquidity platform with $36.77 daily volume and zero security, or RadioShack Swap, a Polygon-based DEX with conflicting data and thin liquidity. Both were flagged as risky. SkullSwap doesn’t even make it that far—it’s not just risky, it’s untraceable. No audits. No team. No transaction history. If you can’t find its contract on Etherscan or BscScan, you’re not investing—you’re gambling on a name.

Real decentralized exchanges like Kwenta, a Synthetix-powered platform for trading synthetic assets without KYC or SwapX, a high-speed DEX on the Sonic blockchain with concentrated liquidity, have public data, active users, and verifiable smart contracts. They don’t hide behind vague whitepapers. They show their work. SkullSwap doesn’t. And that’s not a red flag—it’s a full-blown siren. If you’re looking for a place to swap tokens, don’t waste time on projects that don’t exist in the real blockchain world. The posts below cover exactly this: real exchange reviews, dead tokens, and the signs that tell you when to walk away.