Vest Exchange (N/A)

Vest Exchange is a pioneering multichain AMM perpetual DEX developed by Vest Labs. It aims to provide users with broad access to multiple digital asset classes, including cryptocurrencies, U.S. stocks, ETFs, and more, while maintaining deep liquidity across the platform.

At its core is zkRisk, a proprietary risk management technology for perpetual DEXs introduced by Vest Labs in 2023. This mechanism enables perpetual DEXs to offer a “spot DEX-like” liquidity provision model while dynamically pricing in potential liquidity shortages, allowing risks to be managed more effectively.

As a result, Vest Exchange delivers non-custodial perpetual trading with a Web2-like trading experience. Its key features include:

• Perpetual crypto trading: As a Web3-native platform, DEX Vest offers 24/7 perpetual trading on more than 20 crypto assets and indexes, with leverage of up to 100x.
   
• U.S. equities and forex trading: Beyond crypto, users can trade U.S. stocks, ETFs, and forex perpetuals using the same collateral. This brings crypto and TradFi markets together within a single interface while preserving deep liquidity.
   
• Vest Capital: A funded account program similar to those offered by Web2 trading platforms. Users can trade Vest Exchange’s capital after passing an evaluation, sharing a portion of the profits with the platform.

Read more about Vest Markets features in its docs.

🪙 Vest Exchange token: As of January 2026, there is no public confirmation from the platform regarding the release of a native token. However, the CoinLaunch team assumes it would most likely be used for in-app trading incentives and governance. On top of that, the ongoing points farming campaign run by the Vest Exchange crypto project suggests a potential token launch and Vest airdrop at the end of the campaign.
 

Based on this information, the CoinLaunch team conducted a comprehensive research of the Vest DEX and identified some of its most notable pros and cons:
 

✅ Vest Exchange pros:
 

• Strong product concept aligned with the perp DEX narrative, offering unique value through U.S. equities and forex perpetual trading;
• Large user base (90K+ users);
• Solid cumulative trading volume ($6B+);
• Over $5M in cumulative revenue, matching the amount raised via private funding;
• Above-average growth marketing score;
• Solid network of backers;
• Publicly disclosed team, with at least one co-founder having prior experience at Amazon.
   

❌ Vest Exchange cons:
 

• No public roadmap;
• No tokenomics disclosed;
• Only one security audit, with no top-tier auditors involved;
• Below-average SMM and SEO performance;
• Very weak influencer marketing and PR;
• No notable top-tier partnerships.