SpookySwapMicro-cap

SpookySwap receives a B risk grade (26/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — Fantom veteran with loyal users, but the dual-chain migration and near-zero treasury make survival a real question The original flagship exchange on Fantom, now migrating to the Sonic blockchain. It holds $30M in deposits and offers both simple and concentrated liquidity trading pools. Its C grade reflects a painful reality: the chain migration splits its liquidity across two networks while better-funded competitors start fresh on Sonic.

The key risks identified for SpookySwap are: (1) Running on both Fantom and Sonic at the same time splits the trading liquidity in half. Neither side has enough depth for good prices, and competitors that pick one chain will beat SpookySwap on both (2) The governance token BOO has a market cap of just $289K. That is not enough money to fund liquidity rewards on even one chain, let alone two. The protocol cannot compete for depositors (3) The V3 concentrated liquidity upgrade requires constant active management. Sonic's retail-heavy user base is not equipped for this. When positions go out of range, they earn zero fees and take losses

SpookySwap scores 26/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 6/20, Oracle Surface: 0/10, Documentation Gaps: 4/10, Track Record: 4/15, Scale Exposure: 0/10, Regulatory Risk: 1/10, Vitality Risk: 9/10. The highest risk area is Vitality Risk at 9/10.

Among 111 rated DEX protocols on Hindenrank, SpookySwap ranks #24 by safety (lowest risk score = safest). Its 26/100 risk score and B grade place it among the safer DEX protocols.

SpookySwap scores 4/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.