Project X Review: Is Its 0% Fee DEX Worth Using?

Project X is a decentralized exchange associated with Hyperliquid. One project-tracking listing describes it as an automated market maker on HyperEVM; the project’s own navigation advertises Swap and Liquidity, alongside Portfolio and Cashdrop. That gives you a basic picture of its intended use, but not enough detail to confirm which assets, pools or wallet connections are currently supported.

On an AMM, swaps generally trade against token pools rather than matching you with another trader directly. If you add liquidity, your assets are exposed to pool and smart-contract risks, and the value of your position can diverge from simply holding the tokens. Project X does not publish enough detail here to assess pool depth, token selection or how its Cashdrop feature works. Check the exact token and pool before signing a transaction; a familiar-looking token name is not proof that a contract is genuine.

Project X advertises swaps with 0% trading fees. Treat that as a claim about its trading fee, not a promise that every transaction costs nothing. Network gas may still apply, and the price impact or slippage on a swap can reduce the amount you receive. If a trade uses a route through multiple pools, the final quote is more useful than a headline fee claim.

The project does not publish a full fee schedule, so check the transaction preview for any displayed charges before you confirm. Compare the expected output with the amount you send and review the slippage setting. For liquidity providers, pool fees and how they are distributed are not specified, so do not assume that adding liquidity earns a particular return. Avoid relying on an advertised zero-fee rate alone when deciding whether a swap is good value; liquidity and execution quality matter too.

There is not enough published information to give Project X a strong trust rating. No audit is listed, and details about the development team, licence, custody arrangements and security response are not published. Using a DEX generally means transactions are signed from your own wallet rather than deposited with a conventional exchange, but that does not remove smart-contract risk or establish Project X’s exact custody design.

A contract flaw, malicious token or compromised interface can put funds at risk. Before interacting, confirm that you are using the intended project and network, inspect the wallet’s transaction details, and do not approve permissions you do not understand. Consider using a separate wallet with limited funds rather than exposing a wallet that holds long-term assets. If you cannot independently verify the relevant contracts and the risks are unacceptable to you, skip the trade. An unaudited or unverified product is not a safe place for money you cannot afford to lose.

The interface advertises Swap, Liquidity, Portfolio and Cashdrop, but it does not publish a clear setup guide or supported-wallet list. A third-party project listing places the exchange on HyperEVM, while the classification associates it with Hyperliquid L1. Treat the network choice as something to confirm in your wallet before signing; assets on the wrong network may not be usable for the trade you intend.

For a swap, check the connected network, token contract, estimated output, slippage and gas before approving. For liquidity, read the pool details and consider how price changes can affect your position. Portfolio and Cashdrop appear in the navigation, but their exact functions and terms are not explained. Do not assume that a menu item implies a particular feature, reward or withdrawal option. If the app does not clearly show what a transaction will do, reject it and seek clarification before proceeding.

Project X’s biggest limitation is the gap between its simple pitch and the information needed to assess it. A 0% trading-fee claim is clear, but all-in costs, supported assets, liquidity depth and execution quality are not. The project also has no listed audit, and it does not publish team, licence or custody details. Those omissions make it harder to judge both the service and the risks of signing transactions.

There is no project token listed, and the Cashdrop tab’s purpose and terms are unclear. Users looking for a documented, audited exchange with clear support channels and fully explained fees should consider a better-documented alternative. Project X is best approached as an option for informed users willing to verify the network, contracts and live trade details themselves—not as a turnkey place to park funds or as a guaranteed low-cost route for every swap.