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 operating on the Sonic blockchain. It holds approximately $660K in deposits across both chains and offers both simple and concentrated liquidity trading pools. Its B grade reflects a technically sound AMM with no smart contract exploits, but the Sonic migration has fragmented its liquidity while competitors start fresh on the new chain.

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 $38K with under $2 in daily trading volume. That is not enough to fund liquidity rewards on even one chain, let alone two. The protocol cannot attract 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 116 rated DEX protocols on Hindenrank, SpookySwap ranks #27 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.