MiaSwap v2 Crypto Exchange Review: Why This Platform Doesn't Exist

There is no such thing as MiaSwap v2. Not in any meaningful way. Not as a working exchange, not as a live platform, and certainly not as something you should consider for trading crypto. If you’re searching for a review of MiaSwap v2, you’re chasing a ghost.

The original MiaSwap, launched back in 2022, was never more than a placeholder. No real team. No real users. No real volume. And now, in early 2026, it’s even less than that - it’s a footnote in crypto history, buried under thousands of active projects that actually move money.

What MiaSwap Actually Is (Spoiler: Nothing)

According to CoinGecko’s last verified update in October 2025, MiaSwap listed only three cryptocurrencies and four trading pairs. That’s not a DEX. That’s a spreadsheet with a website attached. The most traded pair - MIA to VNDC - had a 24-hour volume of $36.13. Let that sink in. You could buy a decent coffee with more than that in trading volume. For context, Uniswap moves over $1 billion in the same time. PancakeSwap moves nearly half a billion. MiaSwap? It’s 0.000003% of Uniswap’s activity. It’s not a drop in the ocean. It’s a speck of dust on a speck of dust.

And here’s the kicker: CoinGecko flagged MiaSwap as “Inactive - No trades in the last 3 hours.” That’s not a glitch. That’s not a temporary slowdown. That’s the reality. No one has traded on this platform in hours, days, maybe weeks. The bid-ask spread? 0.88%. The liquidity depth at ±2%? Just $28 total. If you tried to swap even $100 worth of MIA, you’d get crushed by slippage. Your trade would move the price so hard you’d lose 20% before it even confirmed.

The MIA Token: A Digital Zombie

The MIA token trades at around $0.0117. That’s not a price. That’s a suggestion. It hasn’t moved meaningfully in 24 hours. Over the last week, it’s dropped half a percent. No news. No updates. No community chatter. Just silence.

And here’s the worst part: CoinGecko doesn’t even know how many MIA tokens are in circulation. The circulating supply? “Data is not available today.” That means no one knows if there are 1 million tokens or 1 billion. No one knows who holds them. No one knows if the supply is inflationary, deflationary, or just made up. That’s not decentralization. That’s opacity.

Even Coinbase’s price model, which doesn’t even bother predicting big moves on most altcoins, forecasts a November 2025 target of S$0.01 - a 5% drop from current levels. That’s not a prediction. That’s a funeral notice.

Why There’s No MiaSwap v2

You might have heard about “MiaSwap v2” from a shady Telegram group, a bot-driven tweet, or a sketchy YouTube ad promising “double your MIA in 24 hours.” Don’t believe it. There is no v2. Not on Etherscan. Not on BscScan. Not on CoinMarketCap, CoinGecko, Dune Analytics, or any blockchain explorer that matters.

Legitimate DEX upgrades - like Uniswap v3 or SushiSwap’s migration to Arbitrum - are documented publicly. Smart contracts are audited. GitHub repos are updated. Developers tweet about it. Communities debate it. MiaSwap? Nothing. Zero commits. Zero GitHub. Zero Discord. Zero Telegram group with more than five members. No press releases. No blog posts. No changelogs. Just a static website that hasn’t been touched since 2022.

If MiaSwap v2 existed, it would be on every crypto forum. It would be in every “new DEX to watch” list. It wouldn’t be invisible. It would be loud. And it’s not. Because it doesn’t exist.

How MiaSwap Compares to Real DEXes

Let’s be clear: MiaSwap isn’t just behind the competition. It’s not even in the same race.

Uniswap, PancakeSwap, and SushiSwap are built by teams with years of experience. They’ve raised funding. They’ve hired engineers. They’ve run liquidity mining programs that attracted millions in capital. MiaSwap? It has no team. No roadmap. No funding. No developers. Just a name and a website that doesn’t even load properly on mobile.

No Reviews. No Users. No Trust.

Go to Trustpilot. Search for MiaSwap. Nothing. Reddit? Zero threads. Twitter? A few bots retweeting the same fake “100x” meme. Discord? No server. Telegram? No group. GitHub? Empty repository. YouTube? One video uploaded in 2023, with 12 views and zero comments.

Even the most obscure crypto projects - the ones that fail within weeks - get at least a few Reddit threads. Someone tries to trade it. Someone complains about slippage. Someone asks if it’s a rug pull. MiaSwap? Silence. Not because it’s safe. Not because it’s too good to talk about. But because no one cares enough to even try it.

And here’s the truth: if MiaSwap were a scam, someone would’ve reported it. There are thousands of crypto sleuths out there who track every sketchy token. But MiaSwap isn’t even worth the effort. It’s not a scam. It’s a corpse. And corpses don’t get reported. They just rot quietly.

What Happens If You Try to Use It?

Let’s say you ignore all this and decide to connect your wallet anyway. What happens?

• You’ll see a few tokens listed - MIA, VNDC, and one other. Probably a token created by the same anonymous team.
• You’ll try to swap MIA for ETH. The price will be off by 15% because there’s no liquidity.
• Your transaction will take forever to confirm - not because of network congestion, but because no one is providing liquidity to fill your order.
• You might get your tokens back. Or you might not. There’s no customer support. No help desk. No email address. No Twitter DMs that get answered.
• And even if you do get your funds back, you’ll have paid gas fees for nothing.

There’s no safety net. No insurance. No recourse. And no one to blame except yourself.

So What Should You Do?

Don’t trade on MiaSwap. Don’t buy MIA. Don’t stake it. Don’t even look at it twice.

If you’re looking for a decentralized exchange, use Uniswap, PancakeSwap, or SushiSwap. They’re proven. They’re audited. They have liquidity. They have communities. They have teams that show up every day.

If you’re hunting for the next big altcoin, look at projects with real traction: active GitHub repos, verified audits, transparent teams, and trading volume over $1 million a day. MiaSwap doesn’t meet any of those thresholds. It doesn’t even come close.

This isn’t a review of a failing exchange. It’s a warning: MiaSwap v2 is a mirage. There is no v2. There never was. And if you’re still searching for it, you’re wasting your time.