Ring Protocol Slippage Calculator
How It Works
Slippage occurs when trading large amounts in low-liquidity pools. Ring Protocol's 24-hour volume is under $3M, meaning most pools have very little liquidity.
Based on data from the article: 89% of TVL is concentrated on Ethereum and Blast chains, with most pools holding less than $50,000 in liquidity.
Slippage Result
Enter values to see your slippage calculation
Ring Protocol isn’t another copycat DEX. It’s a niche player trying to solve a real problem: billions of crypto assets sitting idle while new projects starve for liquidity. Launched in June 2024, it’s built to move money across chains-Ethereum, Blast, Base, Arbitrum, Polygon-without forcing users to choose one. But here’s the catch: its TVL is $68.6 million, and its 24-hour trading volume is under $3 million. That’s not a typo. You’re putting money into a pool that barely moves. So is this the next big thing in DeFi, or just another graveyard project with a shiny interface?
What Ring Protocol Actually Does
Ring Protocol is a decentralized exchange built to connect liquidity providers with projects that need capital. Unlike Uniswap or PancakeSwap, which focus on one chain or a few, Ring Protocol spreads itself thin across six blockchains. Its biggest bet? Blast. Nearly half of its $68.6 million TVL lives there. That’s because Blast offers native yield-meaning if you deposit ETH or stablecoins, you earn interest just by holding them in the protocol. Ring Protocol lets you swap tokens on Blast while still collecting that yield. No need to lock funds in a separate staking contract. That’s clever.
But here’s the problem: Blast is still unproven. It’s a Layer 2 that exploded in late 2023 with airdrops and hype, but it hasn’t yet proven it can sustain real usage beyond speculative trading. Ring Protocol is betting its entire future on Blast surviving. If Blast crashes, so does Ring Protocol’s main source of liquidity.
The RING Token: High Supply, Low Demand
The RING token has a total supply of 1 billion. That’s a lot. At a price of around $0.048, that’s a $48 million market cap. But here’s the kicker: only about 1 billion tokens exist. No inflation. No burning. Just a massive supply with almost no buyers. Trading volume? $2.12 million per day on DefiLlama. That’s less than 0.003% of its TVL. Healthy DEXs usually see 1-10% volume-to-TVL ratios. Ring Protocol is at 0.003%. That’s not just low-it’s alarming.
Some sources say the price was $0.08 earlier this year. Others say it hit $0.086 in August. Now it’s down to $0.048. That’s a 45% drop in under three months. Why? Because no one’s buying. The only reason the price hasn’t collapsed further is that very few people are selling either. It’s a zombie market: no death, no life.
Who’s Using It? Not Many
There are 1,243 people in the official Ring Protocol Discord. That’s tiny. And only 5-10 questions get answered daily. Most of them are variations of: “Why is my swap failing?” or “Why is the slippage 30%?”
One Reddit user tried swapping 1 ETH worth of tokens and got 30% slippage. That’s not a glitch-it’s a warning. Slippage that high means there’s almost no liquidity in the pair. You’re not trading with other users. You’re trading with an empty pool. The protocol’s own interface shows you how much liquidity exists before you confirm the trade. Most users ignore it. Then they panic when their transaction goes sideways.
DeFiYield, a crypto review site, gives Ring Protocol a 2.3/5 rating based on 14 real user reviews. Eleven of them complain about “abysmal liquidity.” Nine mention frequent downtime. Eight say customer support takes over 72 hours to respond. The only positive feedback? “Clean interface.” That’s like praising a car for having good leather seats while the engine won’t start.
Development Is Almost Stopped
DefiLlama tracks developer activity. Ring Protocol’s GitHub shows one commit in the last month. One. In six months. That’s not a product being built. That’s a product being maintained-or worse, abandoned.
Compare that to Uniswap, which pushes out new features, security patches, and integrations every week. Or even Curve, which updates its liquidity pools daily. Ring Protocol’s last update was June 12, 2025. That’s over four months ago. No new chains. No new features. No fixes for the slippage or downtime issues users keep reporting.
That’s a red flag. DeFi is dangerous. Smart contracts get hacked. Liquidity pools get drained. If you’re not updating your code, you’re not protecting your users. The fact that Ring Protocol hasn’t pushed a meaningful update in months suggests either they’ve run out of money-or they’ve given up.
How to Use Ring Protocol (If You Must)
If you still want to try it, here’s how:
- Connect a Web3 wallet (MetaMask or Trust Wallet).
- Bridge ETH or USDT to Blast chain using the official Blast bridge. Don’t use third-party bridges.
- Go to ring.exchange and select the token pair you want to trade.
- Check the liquidity pool size. If it’s under $50,000, walk away.
- Set slippage to at least 3-5%. Anything less will fail.
- Watch for fwRING and fwUSDB tokens. These are wrapped versions of RING and USDB. Don’t confuse them with the real tokens.
And never deposit more than you’re willing to lose. This isn’t a savings account. It’s a high-risk experiment.
Who Should Avoid Ring Protocol
Don’t use Ring Protocol if:
- You’re new to DeFi. The interface looks simple, but the risks are advanced.
- You need fast, reliable trades. Slippage and downtime are common.
- You’re looking for long-term yield. The native yield on Blast is nice, but if the protocol dies, you lose everything.
- You care about security. Minimal development = higher risk of exploits.
- You’re investing based on hype. The 94% bullish vote on RootData? That’s from 5,947 unverified users. Not a sign of real adoption.
Who Might Benefit
The only people who might profit from Ring Protocol are:
- Speculators who believe Blast will explode and want early exposure to its ecosystem.
- Traders with tiny amounts ($10-$50) who treat it like a lottery ticket.
- People who already hold RING and are hoping for a pump from a future Blast airdrop or partnership.
Even then, you’re not investing in Ring Protocol. You’re betting on Blast. And Blast is still a gamble.
The Bottom Line
Ring Protocol isn’t evil. It’s not a scam. It’s a well-intentioned idea with terrible execution. It’s trying to solve a real problem-liquidity fragmentation-but it’s doing it on a sinking ship. Blast might grow. But if it doesn’t, Ring Protocol dies with it. And even if Blast does grow, Ring Protocol has shown zero ability to scale, fix bugs, or attract real users.
The $68 million TVL looks impressive until you realize it’s mostly locked by bots or early investors who aren’t trading. The trading volume is a ghost. The development is dead. The community is quiet. The reviews are bad.
Ring Protocol isn’t the future of DeFi. It’s a cautionary tale of a project that raised money, built a nice-looking website, and then stopped doing anything meaningful. If you’re looking for a reliable DEX, stick with Uniswap, Curve, or PancakeSwap. If you want to gamble on Blast, do it directly. Don’t put your money into a protocol that’s barely alive.
Is Ring Protocol safe to use?
Ring Protocol isn’t a scam, but it’s risky. The smart contracts haven’t been audited publicly, and development has stalled for months. With low liquidity and frequent downtime, your transactions can fail or suffer extreme slippage. Only use small amounts you can afford to lose.
Can I earn yield on Ring Protocol?
Yes-but only if you deposit assets on Blast chain. Ring Protocol allows you to swap tokens on Blast while still earning the chain’s native yield. This is its only real advantage. But if Blast’s yield drops or the chain faces issues, your returns disappear.
Why is trading volume so low compared to TVL?
TVL shows how much money is locked in the protocol. Volume shows how much is actually being traded. Ring Protocol has a lot of locked funds, but almost no trading. This usually means liquidity is held by bots, early investors, or stakers who aren’t moving their assets. It’s a sign of low real demand.
Should I buy RING tokens?
Only if you’re speculating on Blast’s future growth. RING has no utility beyond being a governance token (which isn’t active), and with a 1 billion supply and near-zero trading volume, it’s extremely hard to sell later. The price could drop further. Don’t buy it expecting returns.
Is Ring Protocol better than Uniswap?
No. Uniswap has over $10 billion in TVL, daily volumes in the billions, regular updates, and a proven track record. Ring Protocol has less than $70 million in TVL, minimal volume, no recent development, and a high risk of failure. Uniswap is the standard. Ring Protocol is a risky experiment.
What chains does Ring Protocol support?
Ring Protocol supports Ethereum, Blast, Base, Arbitrum, Polygon, and Linea. But 89% of its TVL is on Ethereum and Blast, with Blast alone holding nearly half. The other chains have negligible usage. Focus on Blast if you’re using it.
Bhavna Suri
November 1, 2025 AT 18:01This project is dead. TVL looks big but it's just bots and early investors sleeping. No volume, no updates, no future. Why are people even talking about this?
Helen Hardman
November 3, 2025 AT 08:31I know, right? I dipped in with $200 just to see what all the fuss was about. Thought the Blast yield was a sweet deal, but then my swap took 12 minutes and charged me 27% slippage. I literally watched the gas fee jump while the progress bar sat at 87% for 5 minutes. I canceled it and just moved my ETH to Uniswap. Honestly, the interface is gorgeous - like, I could frame it - but the backend is a ghost town. If your DEX looks like a luxury car but the engine’s made of wet cardboard, maybe don’t drive it. 😅
naveen kumar
November 4, 2025 AT 11:01Let’s not pretend this is about liquidity. The real issue is that Blast is a centralized honeypot disguised as a Layer 2. Ring Protocol is just the frontman. The team behind Blast is tied to a known exit scam from 2022. They rebranded, recycled the code, and now they’re milking the last drops of hype from naive DeFi degens. The ‘native yield’? It’s paid by new deposits. Classic Ponzi mechanics. The fact that the devs haven’t pushed a commit in 4 months? That’s not neglect - that’s the exit plan being executed in slow motion.
Wesley Grimm
November 4, 2025 AT 18:15TVL of $68M is meaningless when 90% of it is locked by a single whale address. On-chain analytics show that 12 wallets hold 82% of RING tokens. The trading volume is low because nobody owns enough to make a meaningful trade without moving the market. This isn’t a DEX - it’s a liquidity graveyard with a marketing budget. The only reason the price hasn’t collapsed is that nobody’s selling… yet. When the first big holder decides to dump, the whole thing evaporates in hours.