TI Rating Report: CherrySwap

CherrySwap is a decentralized exchange based on the automatic market-making (AMM) mechanism in OEC ecosystem. It officially launched on July 28, 2021. Except for the basic exchange, CherrySwap also provides users with multiple functions, such as IFO, Lottery, and Bridge. CHE is the native governance token of CherrySwap.

Although CherrySwap’s liquidity is less than the DEXes on other chains, it is still competitive in the OEC ecosystem. The TVL of CherrySwap was the largest in OEC, however, it was exceeded by another AMM DEX called Jswap.Finance, but the TVL of CherrySwap still accounts for 28.58% of the OEC’s TVL.

According to the disclosure of the project, CherrySwap currently has a team size of 57 people, of which 15 of them are in the technical team, accounting for about 23%.

According to TokenInsight's investigation of various CherrySwap’s community platforms, as of November 9, 2021, CherrySwap's official Twitter has a total of 63,101 followers and is updated stably. Its official English and Chinese Telegram groups respectively have 39,713 and 13,923 followers, while the official Medium has 5.2k followers.

TokenInsight gives CherrySwap a rating of B, with a positive outlook.