When you see a crypto exchange that charges 0% fees, your first thought might be: This is too good to be true. And with iZiSwap (Scroll), it is.
What is iZiSwap (Scroll)?
iZiSwap (Scroll) is a decentralized exchange built on the Scroll blockchain, a Layer 2 network designed to make Ethereum transactions faster and cheaper. Unlike Binance or Coinbase, you don’t deposit your crypto into a central wallet. Instead, you trade directly from your own wallet using smart contracts. That means no middleman, no account freezes, and no KYC.
It’s part of the iZumi Finance ecosystem, which focuses on liquidity protocols and yield farming. iZiSwap supports 13 tokens and 20 trading pairs, including popular ones like ETH, USDC, and Scroll’s native token. But here’s the catch: it’s tiny. The 24-hour trading volume hovers around $370,556 - barely enough to fill a single large trade on Uniswap.
Zero Fees? Yes. But Why?
Most DEXs charge 0.3% per trade. Centralized exchanges like Kraken charge 0.1% to 0.25%. iZiSwap claims 0% fees for both makers and takers. Sounds amazing, right?
But fee-free trading doesn’t come from generosity. It comes from scale - or the lack of it. Without users, there’s no revenue. So iZiSwap is betting on future growth. If it ever gets traction, it’ll likely introduce fees or rely on token incentives to keep liquidity flowing. Right now, it’s running on empty.
Also, this 0% fee claim is confirmed for the zkSync version of iZiSwap. For Scroll? The official docs don’t say. That’s not a minor detail - it’s a red flag. If the team can’t clearly state their fee structure on their own site, what else are they hiding?
No User Reviews. Zero Stars.
Look up iZiSwap on FxVerify, CashbackForex, or any crypto review site. You’ll find one thing: a 0 out of 5 star rating. With zero reviews.
That’s not normal. Even brand-new DEXs get at least a handful of early adopters who post screenshots, complaints, or praise. Not iZiSwap. Either no one’s using it - or everyone who tried it left in silence because something went wrong.
There are no testimonials. No YouTube tutorials. No Reddit threads discussing how smooth the swap was. No Twitter threads from users celebrating low gas fees. Just silence.
When a platform has no user feedback, you’re not just flying blind - you’re flying into a storm with no radar.
Security? No Audits. No Transparency.
Every serious DeFi project publishes its smart contract audits. CertiK, PeckShield, OpenZeppelin - they all have public reports. iZiSwap? Nothing.
No bug bounty program. No security team listed. No history of incidents (because there’s nothing to report yet). That doesn’t mean it’s hacked - it means you have no way to know if it’s safe.
Smart contracts are code. And code has bugs. A single flaw in iZiSwap’s liquidity pool could drain every dollar in it. And if that happens? There’s no customer support to call. No email to send. No refund policy. Your funds? Gone.
And Scroll itself? It’s still new. Launched in 2023, it’s not as battle-tested as Polygon or Arbitrum. If Scroll has a vulnerability, iZiSwap goes down with it.
Who Is This For?
There are only two types of people who should consider iZiSwap:
- Those who want to test the Scroll network and are willing to risk small amounts of crypto as an experiment.
- Those who already hold Scroll-based tokens and need to swap them - and have no other option.
It’s not for investors. Not for traders. Not for anyone looking to store value or make consistent profits. It’s a testnet with a website.
Compare it to BakerySwap, which has been around since 2020 with millions in volume and hundreds of reviews. Or Dotswap, which launched last year and already has a growing community. iZiSwap doesn’t just lag behind - it’s not even in the same race.
Traffic and Engagement: Ghost Town
The iZumi Finance website (which hosts iZiSwap) gets about 65,800 monthly visits. That sounds like a lot - until you realize it’s 262nd out of 612 crypto exchanges. And 99% of that traffic comes from organic search. No ads. No influencers. No community growth.
Users bounce after just 1 minute and 14 seconds. That’s less time than it takes to read this paragraph. People land on the site, maybe click a link, then leave. Why? Because there’s nothing to keep them. No guides. No tutorials. No community forums. No updates.
When your traffic metrics look like a graveyard, your product isn’t failing - it’s already dead.
Regulation? Not Even a Whisper
iZiSwap doesn’t answer to any government. No SEC. No FCA. No MAS. That’s standard for DEXs - but it’s also why you’re on your own if things go sideways.
If you get scammed, there’s no legal recourse. If the contract freezes, there’s no help desk. If the team vanishes - and they could, since no names are published - you’re stuck with worthless tokens and no way out.
Decentralization doesn’t mean freedom if it also means abandonment.
Bottom Line: Don’t Risk Your Main Portfolio
iZiSwap (Scroll) is a prototype. Not a product. Not a platform. A demo.
It has zero user feedback, no security audits, negligible trading volume, and no clear roadmap. The zero-fee model is a gimmick, not a feature. The Scroll network is promising, but iZiSwap isn’t the reason to use it.
If you’re curious, use $5 worth of ETH or USDC. See how the interface works. Try swapping one token. Then walk away. Don’t deposit more. Don’t stake. Don’t farm. Don’t trust it with anything you can’t afford to lose.
There are dozens of better DEXs out there: Uniswap, PancakeSwap, SushiSwap, Curve. They’ve been audited. They have communities. They have track records.
iZiSwap doesn’t have any of that. And in crypto, that’s not a risk. It’s a warning.
I'm a blockchain analyst and crypto educator who builds research-backed content for traders and newcomers. I publish deep dives on emerging coins, dissect exchange mechanics, and curate legitimate airdrop opportunities. Previously I led token economics at a fintech startup and now consult for Web3 projects. I turn complex on-chain data into clear, actionable insights.