iZiSwap Slippage Calculator
Compare Trade Impact
Based on iZiSwap's October 2024 liquidity data (WETH/WOKB pair: $1,460 depth at +2%), this calculator shows how much your trade would lose due to slippage.
When you're looking for a new crypto exchange, you want speed, low fees, and enough liquidity to actually make a trade without your $100 swap turning into a $95 one. iZiSwap (X Layer) promises something different: precision liquidity at exact price points. But here’s the reality - it’s a fascinating idea stuck in a very small pond.
What Is iZiSwap (X Layer)?
iZiSwap is a decentralized exchange built on OKX’s X Layer, a Layer 2 blockchain designed to reduce transaction costs and speed up trades. It launched in early 2024 as part of iZUMi Finance’s broader effort to improve how liquidity works on AMMs like Uniswap V3. Unlike traditional DEXs that let you provide liquidity across a price range, iZiSwap uses something called a Discretized-Liquidity-AMM (DL-AMM). This means you can place liquidity exactly where you want it - like setting a limit order on a centralized exchange, but without needing a middleman.
It sounds smart. And technically, it is. The math behind DL-AMM uses a constant sum formula: L = X* √P + Y/√P. That’s not something you see every day. It lets liquidity providers earn fees on specific price levels, not broad bands. For advanced traders or market makers, this could be a game-changer - if anyone was actually using it.
Trading Pairs and Liquidity - The Real Problem
As of October 2024, iZiSwap (X Layer) supports just three trading pairs:
- WETH/WOKB
- WETH/USDT
- WOKB/USDT
That’s it. No SOL, no BTC, no stablecoins beyond USDT. And the liquidity? It’s microscopic. The main pair, WETH/WOKB, has a 24-hour trading volume of around $1,286. That’s less than what a single large trade on Uniswap moves in minutes. The +2% depth - the amount of liquidity available before your trade moves the price by 2% - is only $1,460. That means if you try to swap $200 worth of WETH, you’re likely to get less than you expected. One user reported a 2.3% slippage on a $0.5 WETH trade, even though the listed spread was under 1%.
Compare that to Uniswap, which handles $1.8 billion daily. iZiSwap makes up 0.0001% of that. It’s not just small - it’s nearly invisible in the broader market.
Fees and Rewards - But Who Gets Paid?
iZiSwap has three fee tiers:
- 1% for new, volatile tokens
- 0.2% for mainstream pairs like WETH/USDT
- 0.04%-0.01% for stablecoin trades
The fee distribution is unique: 50% goes to liquidity providers, 25% to buybacks of the iZi token, and 25% to iUSD buybacks and promotions. That’s a smart way to incentivize both liquidity and token demand. But here’s the catch - if no one is trading, no one is earning fees. And if no one is earning fees, no one will add liquidity. It’s a classic chicken-and-egg problem.
How Does It Compare to Other DEXs on X Layer?
OKX’s X Layer ecosystem itself is still tiny. As of September 2024, it had just 1.2 million active wallets. Ethereum has over 38 million. BNB Chain has 112 million. X Layer is a baby. And iZiSwap is one of only a few DEXs on it. The other major one? OKX DEX - which already has 100x more volume and deeper liquidity.
Users are asking: Why use iZiSwap when you can get the same tokens with better prices and lower slippage on OKX DEX? The answer, right now, is you don’t. Unless you’re testing the DL-AMM model for research or you’re a liquidity provider betting on future growth, there’s no practical reason to use it.
Who Is This For?
Realistically, iZiSwap (X Layer) is only useful for two types of people:
- DeFi researchers and developers - Those who want to study how discrete liquidity models perform in real-time.
- Early liquidity providers - People willing to lock up capital in a low-volume pool hoping for future incentives or token rewards.
For everyone else - retail traders, casual swappers, or anyone trying to move more than $50 - it’s a waste of time. The interface is clean and works like any other Web3 wallet swap. No KYC. No sign-up. Just connect your wallet and go. But the lack of depth makes it unusable for anything beyond tiny test trades.
Why It’s Not Going Anywhere - Yet
There’s been zero major update since its launch. No new token listings. No integrations with DEX aggregators like 1inch or Matcha. No marketing push. No liquidity mining program. The parent company, iZUMi Finance, mentioned a v3 upgrade in July 2024, but nothing specific for X Layer. Analysts at Delphi Digital predict specialized DEXs on new L2s like X Layer will capture less than 0.5% of the market by the end of 2025. That’s not a prediction - it’s a funeral notice.
BeInCrypto ranks iZiSwap 837th in reliability. Zero reviews on Trustpilot. Zero discussions on Reddit. JustScreener reports 3,303 weekly visits. That’s less than a single popular meme coin’s Discord server. No one is using it. And if no one is using it, liquidity won’t come. And without liquidity, no one will use it.
The Bottom Line
iZiSwap (X Layer) is a brilliant technical experiment. The DL-AMM model could solve real problems in capital efficiency. But right now, it’s a prototype with no users. It’s like having the world’s most advanced car engine - but no roads to drive it on.
If you’re a developer, researcher, or a high-risk liquidity provider who believes in its long-term potential, you might consider dipping in. But if you’re looking to swap crypto quickly, cheaply, and reliably - look elsewhere. There are dozens of DEXs with real volume, real depth, and real results. iZiSwap isn’t one of them.
Until it gets serious liquidity incentives, major partnerships, or a surge in X Layer adoption, iZiSwap will remain a footnote in DeFi history - an interesting idea that never made it off the drawing board.