
Biswap exploded onto BNB Chain in mid-2021 promising the lowest 0.1 % trading fee on the network and a three-layer referral engine that pays users in real time. Since then the protocol has evolved from a simple AMM into a multichain DeFi suite that now handles swaps, launchpools, NFTs, and on-chain perpetual futures. If you trade or farm bsw coin on Gate.io—or you’re thinking about it—this concise review covers the latest numbers, token-economy tweaks, and product upgrades that matter.
link">TVL, Volume, and Fee Structure of BSW
Biswap’s total value locked (TVL) hovers around USD 420 million, placing it among the BNB Chain top three. Daily DEX volume averages USD 180 million, all subject to a flat 0.1 % fee:
- 0.05 % is auto-burned in BSW,
- 0.045 % streams to liquidity-provider rewards,
- 0.005 % fills the DAO treasury.
A March-2025 governance vote doubled the burn share, giving biswap token fresh deflationary pressure.
Tokenomics Refresh (May 2025) of BSW
Metric |
Value |
Max supply |
700 million BSW |
Circulating |
522 million BSW |
Emission / block |
2 BSW (after Halving #2) |
Allocation |
50 % farms & pools, 10 % referral, 10 % team (18-mo vest), 30 % treasury & burns |
Roughly 178 million BSW remain unminted, released on a halving schedule every 100 000 blocks (~40 days).
Paths to Earn With BSW
- Classic Farms – Provide LP (BSW/BNB, USDT/BUSD, ETH/BNB) and earn 10–45 % APR in BSW + partner tokens.
- Launchpools – Stake single-asset BSW to farm tokens like WOO, TUSD, and AXL without IL risk.
- Fixed-Term Vaults – Lock BSW 30-180 days on Biswap or Gate Earn; 90-day vaults pay ~14 % APR auto-compounded.
- NFT Boosters – “Robi NFTs” raise farm APR up to 20 % with no extra emissions.
- Perpetual DEX – Trade BTC-BUSD or BNB-USDT up to 20× leverage; maker fees payable in BSW or USDT.
Gate.io Integration Highlights
- Spot Liquidity – BSW/USDT pair averages 18 M USD/day; maker fee 0 % during promo.
- BSW Perpetuals – 10× contract lets hedgers offset IL from Biswap farms.
- Gate Earn – Flexible BSW staking, no on-chain gas, rewards compounded daily.
- Copy Trading – Follow top strategists exploiting Biswap APR vs. CEX funding spreads.
Gate.io’s cross-ecosystem tools give BSW holders a one-stop hub for trading, staking, and risk management.
Security and Audits of Biswap
Biswap smart contracts have cleared three independent audits (CertiK, PeckShield, Hacken). CertiK Skynet (May 2025) scores security at 88/100, with all critical findings from 2023 patched under a multisig-timelock upgrade system.
Notable Features in Biswap
- Limit-Order AMM – Upcoming hybrid model merges order-book logic with concentrated liquidity to rival PancakeSwap v4.
- Launchpad 2.0 – Guaranteed allocations for BSW stakers; Gate.io Startup expected to mirror high-demand sales.
- Cross-Chain Router – Native liquidity to Base and zkSync; gasless swaps, routing fees settled in BSW.
- DAO Treasury Deployment – Quarterly community vote sets burn rate, buybacks, and dev-grant budgets using 10 % of protocol revenue.
These upgrades target deeper capital efficiency and broader network reach—keys to retaining TVL in a competitive BNB-Chain landscape.
The project always aims for perfection
- Emission Overhang – Remaining 178 M BSW could pressure yields; halving schedule tempers but doesn’t eliminate dilution.
- Competitive Pressure – PancakeSwap’s veCAKE and Thena’s bribe incentive siphon liquidity; Biswap must keep innovating APR levers.
- Regulatory Uncertainty – EU MiCA and potential U.S. scrutiny of high-yield farm tokens could force compliance pivots; Gate.io’s legal desk monitors developments.
- Smart-Contract Risk – Despite audits, BNB-Chain bridges and flash-loan exploits are industry-wide; use moderate leverage on BSW futures.
Diversification and vigilant risk controls remain best practice.
Final Thoughts
Biswap continues to sharpen its low-fee, community-first value-prop while trimming emissions and expanding cross-chain services. For Gate.io users, bsw cryptocurrency delivers threefold utility: deflationary spot exposure, flexible staking yields, and hedging via futures. Keep Biswap on your radar, stay updated through Gate.io Research, and always DYOR—because DeFi never stops iterating, and neither should your strategy.
Author:
Cinnie, Gate.io Researcher
*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.