Overview
Steelswap helps you swap one Cardano token for another at the best price available. It checks the main Cardano exchanges at the same time, then either sends your trade to the cheapest one or splits it across several to get you more tokens back. You connect a Cardano wallet, see exactly which exchanges your trade will go through, and approve it.
The project was founded by a developer who goes by Elder Millenial.1 It covers the main Cardano exchanges including Minswap, SundaeSwap, and Splash. Trades that touch only one exchange carry no Steelswap fee; trades that get split across several cost 1 ADA or 0.1% of the trade value, whichever is greater.2
Key Features
- Best-price search across exchanges. Steelswap looks at the main Cardano exchanges at once and, when it helps, splits a single trade across several pools so you get more tokens back.3
- Simple, predictable fees. A swap through one exchange costs nothing extra. A swap split across several costs 1 ADA or 0.1% of the trade value, whichever is greater, and every fee is shown before you confirm.2
- Estimated dollar values. Steelswap uses the ADA-to-dollar price feed from Charli3 to show an estimated dollar value for your trades. For other tokens, it combines that price with the token's last traded price in ADA.4
- You see the route before you trade. Before you confirm a swap, Steelswap shows which exchanges it plans to use and how much you should receive.
- Helpful tools for the wider Cardano ecosystem. The team contributes to an open-source toolkit called Dendrite that other Cardano developers use to build their own swap tools.4
What to Expect
The Steelswap website is a single page focused on swaps. You connect a Cardano wallet, pick the two tokens you want to trade between, and see a preview of how the trade will be routed and how many tokens you should get back. You can also open an orders page to see your past and pending swaps. The swap page shows a price chart and a list of recent trades, with the exchange each trade went through.
The team has two members: Elder Millenial and frontend developer Mark.1 It has applied for funding from Project Catalyst, Cardano's community grant program. Its two Fund 14 proposals, one to upgrade Steelswap and one for an AI tool that explains what a Cardano smart contract does, were not approved.1,5 A Fund 15 proposal covers a shared, open-source service that matches trade orders across exchanges.6 The founder maintains several public Cardano tools on GitHub, most of them written in Python.1
