Camelot V3 Crypto Exchange Review: Best for Arbitrum Users?

Most crypto traders look for the cheapest, fastest, and most liquid exchanges. But if you’re trading on Arbitrum, you’re not just looking for any DEX-you need one built for your chain. That’s where Camelot V3 comes in. It’s not another Uniswap clone. It’s a specialized exchange designed from the ground up for the Arbitrum ecosystem, and it’s quietly gaining traction among users who care about efficiency, low fees, and ecosystem loyalty.

What Is Camelot V3?

Camelot V3 is a decentralized exchange (DEX) running entirely on Arbitrum, one of the most popular Ethereum Layer 2 scaling solutions. Launched in 2023, it’s not the oldest DEX, but it’s one of the most focused. Unlike Uniswap or SushiSwap, which try to be everywhere, Camelot V3 only operates on Arbitrum. That means no cross-chain bridges, no fragmented liquidity, and no extra gas fees from jumping between chains. Everything happens on Arbitrum-faster, cheaper, and smoother.

The platform uses a dual Automated Market Maker (AMM) system. One side handles regular tokens, the other handles stablecoins. This separation lets Camelot optimize pricing and fees for each type of trade. It also introduces dynamic directional fees-meaning the cost to swap USDC to WETH can be different from swapping WETH to USDC. This isn’t just a gimmick. It helps reduce impermanent loss for liquidity providers and gives project teams more control over how their tokens move in the market.

Trading Volume and Liquidity

As of December 2025, Camelot V3 is handling around $87.3 million in daily trading volume. That’s not close to Uniswap’s billions, but it’s solid for a single-chain DEX. The biggest pair by far is USDC/WETH, which accounts for over half of all volume-$51.4 million in 24 hours. That tells you two things: first, most users are trading major assets; second, the platform has strong liquidity for the most popular pairs on Arbitrum.

There are 84 tokens supported and 109 trading pairs. That’s more than many niche DEXes, but still smaller than giants. What matters more is the quality of liquidity. Camelot doesn’t rely on random users chasing high APRs. Instead, it partners directly with Arbitrum-based projects. These projects lock up their own tokens as liquidity, which tends to be more stable than the volatile “yield farmer” liquidity you see on other platforms. That means less slippage and more reliable pricing when you trade.

Fees: Zero. Really.

Here’s the headline: Camelot V3 charges 0.00% maker fees and 0.00% taker fees. No trading fees at all. That’s rare-even Uniswap V3 charges 0.01% to 1% depending on the pool. Camelot makes up for it through its native token, GRAIL, and its staking model. This isn’t a loophole. It’s a deliberate design. By removing fees, they push users toward holding and staking GRAIL, which unlocks rewards and governance rights.

That said, you still pay gas fees-because you’re on Arbitrum. But those are already 10x cheaper than Ethereum mainnet. So overall, your total cost to trade is among the lowest in the space.

The GRAIL and xGRAIL Token System

You can’t understand Camelot without understanding its two-token economy. GRAIL is the core token. You use it to trade, provide liquidity, and earn rewards. But there’s also xGRAIL. This isn’t just a staked version-it’s a key to unlocking higher yields and early access to new token launches on Camelot’s launchpad.

Here’s how it works: You stake GRAIL to get xGRAIL. The longer you stake, the more xGRAIL you earn. xGRAIL boosts your farming rewards by up to 2.5x. It also gives you priority access to new project token sales. If you’re serious about earning from Arbitrum DeFi, this system is a big deal. It rewards loyalty, not just capital. That’s different from most DEXes, where the biggest wallets always win.

How It Compares to Uniswap and SushiSwap

Let’s be clear: Camelot V3 isn’t trying to beat Uniswap. It’s trying to beat other Arbitrum DEXes. Here’s how it stacks up:

Camelot wins on fees and ecosystem focus. Uniswap wins on liquidity depth and brand recognition. SushiSwap is somewhere in between. If you’re only trading on Arbitrum, Camelot gives you more value per dollar spent.

Who Is This For?

Camelot V3 isn’t for everyone. If you’re trading across chains-like swapping Bitcoin on Polygon to Solana tokens-this isn’t your platform. But if you’re deep in the Arbitrum ecosystem, it’s one of the best tools you can use.

It’s perfect for:

• Users who trade mostly USDC, WETH, or Arbitrum-native tokens
• Long-term holders who want to stake and earn boosted yields
• Projects launching on Arbitrum that want stable, partner-backed liquidity
• Traders tired of paying fees on every swap

It’s not ideal for:

• Beginners who don’t understand Layer 2 wallets
• Users who need to trade non-Arbitrum tokens
• People who expect customer support or regulatory protection

Pros and Cons

Pros:

• Zero trading fees-unmatched in the space
• Optimized for Arbitrum’s speed and low gas
• Dynamic fees reduce impermanent loss for LPs
• Strong focus on project-backed liquidity = more stable prices
• Boosted rewards with xGRAIL staking

Cons:

• Only works on Arbitrum-no cross-chain support
• No regulatory oversight or insurance
• Learning curve for concentrated liquidity and dual-token system
• Limited documentation and user guides
• Lower overall traffic than top DEXes

Is It Safe?

Camelot V3 is built on audited smart contracts and runs on Arbitrum, which is one of the most secure Layer 2 networks. Its code has been reviewed by multiple third parties. But here’s the catch: there’s no insurance fund. No FDIC. No customer service line. If you send funds to the wrong address, if a smart contract has a hidden bug, or if the team gets compromised-you lose everything.

That’s the trade-off of DeFi. You get lower fees and more control, but you also carry all the risk. Always test with small amounts first. Never invest more than you’re willing to lose.

Bottom Line

Camelot V3 isn’t the biggest DEX. It’s not the flashiest. But for users who live on Arbitrum, it’s one of the smartest choices. Zero fees, partner-driven liquidity, and a clever staking system make it stand out. If you’re already using Arbitrum for DeFi, you’re probably paying fees elsewhere. Switching to Camelot could save you hundreds of dollars a year.

It’s not a replacement for Uniswap if you need cross-chain access. But if you’re building, trading, or staking within the Arbitrum ecosystem, Camelot V3 deserves a spot on your dashboard.