Liquidity & Slippage Calculator
The EtherFlyer review highlights how low liquidity led to trading difficulties and eventual platform failure. This calculator shows how much price slippage you might experience on exchanges with different liquidity levels.
Trade Parameters
Expected Slippage: 0%
Effective Price: -
Note: Slippage increases as trade amount approaches liquidity level
Why This Matters for EtherFlyer
EtherFlyer's lack of visible liquidity (as mentioned in the review) meant traders faced unpredictable slippage. Without reliable volume data from aggregators like CoinGecko or CoinMarketCap, users couldn't assess liquidity risks, which contributed to the platform's failure.
If you’ve been browsing crypto‑exchange options over the past year, you might have stumbled upon a name that sounds familiar yet mysterious: EtherFlyer review. Launched in 2017 from Samoa, EtherFlyer promised the classic DEX benefits-full control of your funds, no KYC, and global reach. Fast‑forward to 2025, and the platform is listed as “no longer operational” by major data aggregators. This article walks through the exchange’s origins, technical claims, user sentiment, regulatory backdrop, and why it vanished from the market.
What is EtherFlyer?
EtherFlyer is a decentralized cryptocurrency exchange (DEX) that was registered in Samoa and launched in October 2017. It positioned itself as one of the early DEXs, aiming to let traders swap tokens directly from their wallets without a central authority.
The DEX model means that, unlike centralized platforms, EtherFlyer never held users’ private keys. All trades were peer‑to‑peer, settled on the blockchain, and the platform itself acted only as a matching engine.
Technical Specs and Transparency Gaps
On paper, EtherFlyer offered the standard DEX toolkit: support for ERC‑20 tokens, an order‑book interface, and integration with popular wallets like MetaMask. However, the exchange suffered from a chronic lack of public data.
CoinCodex is a cryptocurrency market data aggregator that tracks exchange activity and token prices flagged the platform as “no longer operational” in early 2025, with no listed trading pairs or volume figures. Similarly, CoinMarketCap provides real‑time market caps, volume stats and exchange rankings for crypto assets listed EtherFlyer as an “untracked listing” as of September2021, meaning the site had no reliable data about daily volumes or liquidity.
The absence of data also extended to CoinGecko offers comprehensive crypto market statistics, including exchange volumes and token listings, which showed zero information for EtherFlyer. For traders, this is a red flag because liquidity (the ability to execute trades without slippage) can’t be assessed without volume metrics.
User Feedback and Community Engagement
Community sentiment was equally thin. CryptoGeek is a crypto‑exchange review platform that aggregates user ratings and comments recorded only two user reviews, yielding a 3‑out‑of‑5‑star rating. One reviewer praised “quick performance,” while the other gave a lukewarm “efficient trading platform” comment. In contrast, competing DEXs such as Uniswap and SushiSwap boast thousands of reviews and vibrant community forums.
Forex Peace Army hosts user reviews and complaints for financial services, including cryptocurrency exchanges listed zero reviews for EtherFlyer as of November2024, reinforcing the impression that the platform never attracted a sizable user base.
Expert aggregator Cryptowisser provides detailed exchange comparisons, security scores, and regulatory information warned potential users about the “absence of trading volume data” as a major concern, urging anyone considering EtherFlyer to proceed with caution.
Regulatory Landscape and Operational Risks
EtherFlyer’s registration in Samoa offered the advantage of a permissive regulatory environment, but it also raised questions about investor protection. The exchange did not list the United States as a prohibited jurisdiction, leading some US‑based traders to assume access was permitted. However, most reviewers advised US residents to perform their own legal assessment due to the evolving nature of crypto regulations.
Because EtherFlyer was a DEX, it avoided traditional KYC procedures, which appeals to privacy‑focused users. Yet the trade‑off was higher personal responsibility: losing a wallet password or private key meant losing funds forever-no customer service could intervene.
How EtherFlyer Worked (and Why It Matter)
In a typical DEX workflow, users connect a web3 wallet, place limit or market orders, and the smart contract matches counterparties. EtherFlyer followed this model, so on paper it delivered the core DEX promise of “non‑custodial trading.”
What set successful DEXs apart was depth of liquidity, a broad token roster, and transparent analytics. EtherFlyer fell short on all three fronts. Without publicly visible order books, traders couldn’t gauge price impact before swapping, making the platform risky for larger trades.
Comparison with Other Exchanges
| Feature | EtherFlyer | Typical DEX (Uniswap) |
|---|---|---|
| Launch Year | 2017 | 2018 |
| Jurisdiction | Samoa | Global (no registration) |
| Public Trading Volume Data | None (untracked) | Available via major aggregators |
| User Reviews (as of 2024) | 2 reviews, 3/5 | Thousands of reviews, >4.5/5 |
| Liquidity | Low, unknown | High, measurable |
| Status (Oct2025) | Non‑operational | Active |
The table illustrates why EtherFlyer struggled: without visible volume or liquidity, traders had no confidence to execute sizable orders, and the platform never built a community that could sustain growth.
Current Status and Future Outlook
As of October2025, CoinCodex continues to list EtherFlyer as non‑operational, with no available trading pairs or charts. No roadmap, development updates, or revival announcements have surfaced on the exchange’s official channels or on social media.
For anyone still holding EtherFlyer‑related tokens or remembering a past account, the practical advice is simple: treat the platform as defunct. Transfer any remaining assets to a reputable wallet, and consider moving future trades to established DEXs or reputable centralized exchanges that provide transparent metrics.
Key Takeaways
- EtherFlyer was an early DEX that never achieved measurable liquidity or user adoption.
- Lack of publicly tracked volume on CoinMarketCap, CoinGecko, and CoinCodex signaled a red flag for traders.
- Only two user reviews exist, indicating minimal community engagement.
- Regulatory ambiguity (Samoan registration, no US ban) added to uncertainty.
- As of 2025 the exchange is officially non‑operational; traders should avoid it and use active platforms.
Frequently Asked Questions
Is EtherFlyer still usable in 2025?
No. Major data providers label EtherFlyer as "no longer operational," and the website no longer hosts a trading interface.
What were the main advantages of a DEX like EtherFlyer?
Decentralized exchanges let users keep private keys, avoid KYC, and trade directly on‑chain, which reduces reliance on a single server and lowers hack‑target risk.
Why should I care about the lack of trading volume data?
Volume shows how many assets are moving through a platform. Low or invisible volume usually means poor liquidity, leading to price slippage and delayed order execution.
Can I still withdraw funds that were on EtherFlyer?
If you still control the private keys linked to the wallet you used on EtherFlyer, you can move the tokens to any other wallet or exchange. If you lost access, recovery is impossible.
Should I consider other DEXs for future trading?
Yes. Platforms like Uniswap, SushiSwap, and PancakeSwap provide transparent volume charts, large liquidity pools, and active community support.
