Biswap (BSW) Project Review - Latest Information and Updates Regarding the Biswap Ecosystem

Biswap exploded on the BNB chain in mid-2021, promising the lowest trading fee of 0.1% on the network and a three-tier referral engine that pays users in real-time. Since then, the protocol has evolved from a simple AMM into a multi-chain DeFi suite that now handles swaps, launch pools, NFTs, and on-chain perpetual futures. If you are trading or token on Gate.io, or if you are considering trading or token, this concise review will cover important aspects such as the latest data, tokenomic adjustments, and product upgrades.

BSW's TVL, Trading Volume, and Fee Structure

The total value locked (TVL) of Biswap hovers around $420 million, ranking among the top three on the BNB Chain. The average daily DEX trading volume is $180 million, with a fixed fee of 0.1% charged.

• 0.05 % automatically burns in BSW,
• 0.045 % for liquidity provider rewards,
• 0.005 % injected into the DAO treasury. The March 2025 governance vote doubled the share of burned money, putting new deflationary pressure on the Biswap token.

BSW Tokenomics Refresh (May 2025)

| Indicator | Value | | ------------ | ------------ | | Maximum Supply | 700 million BSW | | Circulating Supply | 522 million BSW | | Release Amount / Block | 2 BSW ( halved after #2) | | Allocation | 50% for farms and pools, 10% for referrals, 10% for the team (18-month vesting), 30% for reserves and burn department |

Approximately 178 million BSW have not been minted, and the issuance is halved every 100,000 blocks (about 40 days).

Ways to Profit Using BSW

• Classic Farm - Offers LP (BSW/BNB, USDT/BUSD, ETH/BNB), earning an annual interest rate of 10-45% in BSW + partner tokens.
• Launchpools - Stake a single asset BSW to farm tokens like WOO, TUSD, and AXL, with no IL risk.
• Fixed-term Vault - Lock BSW for 30-180 days on Biswap or Gate Earn; a 90-day vault can pay approximately 14% annual interest rate with automatic compound interest.
• NFT Enhancer - "Robi NFTs" can increase the annual yield of the farm to 20% with no additional emissions.
• Perpetual DEX - Trade BTC-BUSD or BNB-USDT with up to 20x leverage; pay maker fees with BSW or USDT.

Gate Integration Highlights

• Spot Liquidity - The BSW/USDT trading pair averages 18 million USD daily; the maker fee during the promotional period is 0%.
• BSW Perpetuals - 10x contracts allow hedgers to offset IL from Biswap farms.
• Gate Earn - Flexible BSW staking, no on-chain gas, rewards compounded daily.
• Copy Trading - Follow top strategists to leverage Biswap APR and CEX capital price differences. Gate's cross-ecosystem tools provide BSW holders with a one-stop hub for trading, staking, and risk management.

Security and Audit of Biswap

The Biswap smart contract has passed three independent audits (CertiK, PeckShield, and Hacken). CertiK Skynet rated its security at 88/100 (May 2025), and all significant findings since 2023 have been patched under a multi-signature time-lock upgrade system.

The notable features of Biswap

• Limit Order AMM - The upcoming hybrid model combines order logic and concentrated liquidity, comparable to PancakeSwap v4.
• Launchpad 2.0 - Guarantees allocation for BSW stakers; the Gate launch is expected to reflect high demand sales.
• Cross-Chain Router - Local liquidity for Base and zkSync; gasless swaps, routing fees settled in BSW.
• DAO Financial Deployment - The community votes every quarter to determine the burn rate, buyback, and development grant budget, which accounts for 10% of the protocol's revenue. These upgrades aim to improve capital efficiency and expand network coverage - which is key to maintaining TVL in the competitive BNB chain environment.

The project always pursues perfection

• Emissions pending - the remaining 178 million BSW may put pressure on yields; the halving of progress will ease but not eliminate dilution.
• Competitive pressure--The veCAKE and bribery incentive mechanisms of PancakeSwap and Thena have siphoned off liquidity; Biswap must continuously innovate APR leverage.
• Regulatory uncertainty -- The EU's MiCA and the potential scrutiny of high-yield farm tokens by the US may force a shift towards compliance; Gate's legal service desk will closely monitor developments.
• Smart Contract Risks -- Despite being audited, the BNB-Chain bridge and flash loan vulnerabilities remain industry-wide; use moderate leverage on BSW futures.

Diversified investment and vigilant risk control remain the best practices.

Final Thoughts

Biswap continues to strengthen its low-fee, community-first value proposition while reducing emissions and expanding cross-chain services. For Gate users, Biswap cryptocurrency offers triple utility: deflationary spot exposure, flexible staking yields, and hedging through futures. Stay tuned to Biswap, keep updated through Gate Research, and always remember to DYOR -- because DeFi never stops iterating, and neither should your strategy.

Author: Cinnie, Gate.io researcher Translator: Sherry S. *This article represents the author's views only and does not constitute any trading advice. Investment carries risks, and users should make cautious decisions. *This content is original and copyrighted by Gate.io. If you need to reprint, please indicate the author and source, otherwise legal responsibilities will be pursued.