Overview
PaintSwap was the premier NFT marketplace on the Fantom blockchain, also offering DEX functionality. During Fantom's peak DeFi activity in late 2021 and early 2022, PaintSwap served as the go-to venue for trading Fantom-native NFT collections. The platform supported standard NFT marketplace features including listings, auctions, and collection management.
The platform has been severely impacted by two converging factors: the overall collapse of NFT trading volumes across the industry, and the decline of the Fantom ecosystem specifically. The migration of Fantom to the Sonic chain has added further uncertainty, as PaintSwap's future depends on successful adaptation to the new chain.
Current activity levels are negligible. Trading volumes are essentially zero on most days, and the NFT collections that were active on Fantom have largely lost their communities. PaintSwap represents a cautionary example of chain-specific platforms during ecosystem downturns.
Risk Factors
- Near-zero trading volume and daily active users
- Fantom ecosystem decline with uncertain Sonic migration path
- NFT market downturn has been especially brutal for small-chain marketplaces
- BRUSH token has lost virtually all value
Conclusion
PaintSwap is a shell of its former self, with the Fantom NFT ecosystem effectively dead. The 1.8 score reflects functional but abandoned infrastructure. Revival depends entirely on whether Sonic can resurrect the ecosystem — a significant if.