DeGate review: What you really get from this Ethereum DEX in 2025

When you hear DeGate, a decentralized exchange built on Ethereum that focuses on low fees and fast swaps for traders. Also known as DeGate DEX, it was once promoted as a better alternative to Uniswap for users tired of high gas costs and slippage. But in 2025, the question isn’t whether DeGate works—it’s whether anyone still uses it.

DeGate’s main claim was its liquidity aggregation, a system that pulls liquidity from multiple DEXs to give users tighter spreads and lower slippage. It also offered a native token, DeGate token (DG), used for fee discounts, governance, and staking rewards. But here’s the problem: most of that liquidity never stuck. While Uniswap v3 and PancakeSwap kept growing their user base and TVL, DeGate’s daily volume dropped below $2 million. That’s less than what a single popular meme coin trades in a day on larger DEXes.

What about the token? DG started with hype, but there’s no clear roadmap, no major upgrades since 2023, and no real community engagement. You can stake it, sure—but the APRs are barely above 2%, and the rewards are paid in DG, which has no real use outside the platform. Compare that to SushiSwap’s $SUSHI, which still powers a multi-chain ecosystem, or even Uniswap’s UNI, which has actual governance power and treasury backing. DeGate feels like a project that ran out of steam.

Some users still run trades on DeGate because it’s listed on CoinGecko and has a clean interface. But if you’re looking for reliable swaps, deep liquidity, or meaningful rewards, you’re better off elsewhere. DeGate doesn’t offer anything new that you can’t get on Uniswap or Trader Joe with better volume and lower risk.

The posts below dig into exactly what happened to DeGate, how its token performed, and what alternatives actually deliver on their promises. You’ll find real data on trading volume, wallet activity, and whether the platform still holds any value for active traders—or if it’s just another ghost DEX.