Posted By Tristan Valehart On 10 Sep 2025 Comments (5)
Sologenic DEX Fee Calculator
Estimate the fees associated with different trading activities on Sologenic DEX based on current fee structure.
Network Fee
≈ 0.00001 XRP per transaction
Practically free
Liquidity Provider Fee
0.30% of swap value
Standard AMM rate
Token Issuance Fee
1 XRP for creating a new issued currency
One-time fee
Reserve Requirement
10 XRP minimum + 2 XRP per extra asset
Wallet activation cost
Fee Estimator
Estimated Fees Summary
Network Fee: 0.00001 XRP
Liquidity Provider Fee: 0.00 XRP
Token Issuance Fee: 0 XRP
Reserve Requirement: 10 XRP
Total Estimated Cost: 10.00001 XRP
Sologenic DEX is a decentralized exchange built on the XRP Ledger that lets users trade cryptocurrencies, tokenized stocks, and NFTs while keeping full control of their private keys. If you’re curious whether the hype matches the reality, this deep‑dive covers everything that matters - from the tech stack to the mobile app experience, and even a side‑by‑side look at its biggest rival.
Quick Take
- Runs on the XRP Ledger, so transactions settle in seconds with sub‑cent fees.
- Offers tokenized stocks and ETFs from 25+ exchanges alongside crypto and NFTs.
- Integrated AMM (XLS‑30) improves liquidity for low‑volume pairs.
- Mobile app (iOS/Android) holds a 4.2‑star rating with over 100k downloads.
- Requires a 10XRP reserve to activate a wallet plus 2XRP per extra asset.
What Makes Sologenic DEX Different?
The exchange isn’t a standalone chain - it piggybacks on the XRP Ledger (XRPL) a public ledger known for fast settlement and near‑zero transaction costs. By using XRPL’s native DEX engine, Sologenic sidesteps the gas wars seen on Ethereum and delivers a consistently cheap trading experience.
Beyond plain crypto swaps, the platform bundles a Token Hub tool that lets anyone issue, manage, and promote XRPL‑based assets. This is how Sologenic tokenizes stocks and ETFs - each share becomes an issued currency on XRPL, tradable 24/7 without traditional market hours.
Technical Architecture at a Glance
Three core components power the exchange:
- Automated Market Maker (AMM) - Implemented via the XLS‑30 amendment, the AMM creates liquidity pools for token pairs that might otherwise be illiquid on the native order‑book DEX.
- Coreum Bridge an inter‑chain bridge that connects XRPL to more than 100 blockchains via IBC (Inter‑Blockchain Communication) - Enables cross‑chain swaps without leaving the Sologenic UI.
- NFT Marketplace a utility‑driven hub where creators can mint, list, and trade NFTs with no gas fees and zero commission - Built directly on XRPL, keeping minting costs under a few cents.
All three sit on top of XRPL’s consensus algorithm, which finalizes a transaction in about 3‑5 seconds. The low latency is a big win for traders who need rapid price updates, especially when dealing with tokenized equities that can be volatile.
Fees, Volume, and User Metrics
According to the platform’s own stats (Oct2025), Sologenic DEX processes roughly $200million in monthly trading volume and has attracted over 400000 users worldwide. Fees break down as follows:
- Network fee: ≈0.00001XRP per transaction (practically free).
- Liquidity provider fee: 0.30% of swap value (standard AMM rate).
- Token issuance fee: 1XRP for creating a new issued currency.
There’s no hidden commission on NFT sales - creators keep 100% of the proceeds, which is rare compared to other NFT platforms.
Wallet Options and Mobile Experience
Sologenic offers its own SOLO Wallet a self‑custody wallet that integrates directly with the DEX, NFT marketplace, and token hub. The wallet can be paired with hardware devices like Ledger, or with third‑party apps such as XUMM a popular XRPL client for iOS and Android.
The mobile app (version3.0.13 as of May2024) lets you:
- Create and activate a wallet (requires a 10XRP reserve).
- Add any XRPL‑issued asset - just 2XRP per new asset.
- Swap tokens instantly via the built‑in AMM.
- Buy or sell tokenized stocks with a fiat on‑ramp partner.
- Mint, list, and trade NFTs without paying gas.
Google Play users rate it 4.2stars, praising its speed and the “self‑custody made easy” tagline. iOS reviews echo similar sentiments, though some note the learning curve around the XRP reserve requirement.
Tokenized Stocks & ETFs - How It Works
Through the Token Hub, Sologenic has issued over 100 stock‑linked tokens, each representing one share of the underlying real‑world security. The tokens are backed by custodial agreements with regulated partners, but the platform itself does not hold a banking license. This means traders can buy, sell, and hold tokenized equities 24/7, but they should be aware of regulatory gray areas, especially if they reside in jurisdictions that restrict security token trading.
Key benefits include:
- Instant settlement - no waiting for market close.
- Fractional ownership - you can buy a fraction of a high‑price stock for a few dollars.
- Low fees - a fraction of the cost of traditional brokerage commissions.
Potential downsides are the lack of explicit regulatory clarity and the need to keep at least 10XRP in reserve, which can feel steep for tiny investors.
Competitive Landscape: Sologenic vs. First Ledger
| Feature | Sologenic DEX | First Ledger |
|---|---|---|
| Base ledger | XRPL | XRPL |
| AMM implementation | XLS‑30 native AMM | Custom AMM layer |
| Tokenized stocks | Yes - 100+ listed | No |
| NFT marketplace | Built‑in, zero commission | External integration |
| Cross‑chain bridge | Coreum Bridge (100+ chains) | Limited to XRPL assets |
| Mobile app rating (Google Play) | 4.2★ (5,260 reviews) | 3.8★ (≈2,100 reviews) |
In a nutshell, Sologenic offers a more expansive ecosystem - especially if you care about tokenized equities or NFTs. First Ledger shines for users who want a leaner DEX focused purely on crypto swaps.
Pros & Cons - Should You Use It?
Pros
- Lightning‑fast, cheap transactions thanks to XRPL.
- All‑in‑one ecosystem - DEX, token hub, NFT marketplace, and bridge.
- Self‑custody: you control private keys, no custodial risk.
- Low barrier to entry for NFTs - no gas fees.
Cons
- Mandatory XRP reserve (10XRP + 2XRP per asset) can be a hurdle for micro‑traders.
- Regulatory ambiguity around tokenized stocks.
- XRPL‑centric - not as multi‑chain native as Solana or Ethereum DEXes.
- Learning curve for newcomers unfamiliar with trust‑lines and reserves.
How to Get Started in 5 Minutes
- Download the SOLO DEX app from the App Store or Google Play.
- Create a new wallet - write down the 12‑word recovery phrase and store it offline.
- Fund the wallet with at least 10XRP (you can buy XRP via the built‑in fiat on‑ramp).
- Activate the wallet in the app; the reserve will be locked automatically.
- Navigate to the “Swap” tab, pick a pair (e.g., XRP↔SOL), and confirm the transaction.
From there you can explore the Token Hub to add a stock token, or jump into the NFT Marketplace to mint your first piece of digital art.
Frequently Asked Questions
Do I need to own XRP to use Sologenic DEX?
Yes. A minimum reserve of 10XRP is required to activate any wallet on the XRPL, and an extra 2XRP is needed for each additional asset you enable.
Can I trade tokenized stocks with fiat?
Through partnered fiat on‑ramps you can convert USD/EUR/etc. into XRP, then swap XRP for the desired tokenized stock on the DEX. Direct fiat‑to‑stock isn’t offered, but the two‑step process is fast and cheap.
How does the AMM improve liquidity?
The AMM creates pool contracts for any token pair. Liquidity providers deposit equal value of both assets and earn a portion of swap fees (0.30%). This means even low‑volume pairs can be traded instantly without waiting for a matching order.
Is the NFT marketplace really free?
Minting costs just the XRPL reserve (≈0.001XRP) and there’s no platform commission on sales. Buyers pay the standard network fee, which is negligible.
What security measures protect my assets?
Since you hold the private keys in the SOLO Wallet or a Ledger device, the exchange never accesses your funds. The app uses industry‑standard encryption, and the XRPL’s consensus model has never been compromised. Still, keep your recovery phrase offline and consider a hardware wallet for large balances.
Overall, Sologenic DEX delivers a compelling mix of speed, low fees, and a broader asset suite than most XRPL‑based DEXes. If you’re comfortable with the XRP reserve and can navigate the regulatory nuances of tokenized securities, it’s a solid choice for anyone looking to trade beyond just Bitcoin and Ethereum.
Janelle Hansford
September 10, 2025 AT 19:07Hey folks! Great overview of the Sologenic DEX – love how you broke down the XRP reserve requirement and the token hub. It really helps newcomers see the trade‑off between low fees and the 10 XRP lock‑up. If anyone’s feeling a bit hesitant about the reserve, just remember it’s a one‑time thing and you can always seed more assets later. 🎉
Krystine Kruchten
September 15, 2025 AT 19:07Thank you for the thorough review; the article captures the essential aspects of Sologenic DEX with admirable clarity. I do notice a slight typo in the “Cuurent” versus “Current” but overall the formal style is spot on. The breakdown of fees and the comparison chart give readers a solid basis for decision‑making.
Iva Djukić
September 20, 2025 AT 19:07The technical architecture of Sologenic DEX deserves a deeper dive, particularly regarding the XLS‑30 amendment which underpins the AMM functionality. Firstly, the amendment introduces a novel state‑transition model that allows liquidity pools to be instantiated without the need for external smart‑contract platforms, thereby preserving the ledger’s inherent low‑latency characteristics. Secondly, the Coreum Bridge leverages Inter‑Blockchain Communication (IBC) protocols, enabling cross‑chain swaps with a trust‑minimized design that still respects XRPL’s consensus finality. Thirdly, token issuance on XRPL is facilitated through the standard TrustLine mechanism, which, while simple, imposes a mandatory reserve that effectively safeguards against spam attacks. Moreover, the fee schedule-network fee of ≈0.00001 XRP, liquidity provider fee of 0.30%, and token issuance fee of 1 XRP-creates a tiered cost structure that aligns incentives for both traders and liquidity providers. Additionally, the usage of “reserve requirement” as a security deposit ties directly into the ledger’s accounting model, ensuring that each issued asset maintains a baseline liquidity buffer. The inclusion of a zero‑commission NFT marketplace further differentiates Sologenic from competitors, as it eliminates the typical gas fees associated with minting and trading. In practice, this results in transaction costs that are measured in fractions of a cent, a stark contrast to the multi‑dollar fees prevalent on Ethereum‑based platforms. From a user‑experience perspective, the SOLO Wallet’s integration with hardware devices such as Ledger provides an additional layer of security, thereby addressing common concerns about private‑key management. Finally, the regulatory ambiguity surrounding tokenized equities should not be overlooked; while custodial agreements exist, the legal enforcement mechanisms remain in a gray area, which may impact institutional adoption. Overall, Sologenic DEX presents a compelling amalgamation of speed, cost‑efficiency, and functional breadth, though prospective users must weigh the mandatory XRP reserve against their intended usage patterns.
carol williams
September 25, 2025 AT 19:07Wow, this piece really nails it – Sologenic is basically the Swiss army knife of the XRPL world. I mean, you get crypto, tokenized stocks, NFTs, and even a bridge to a hundred other chains, all in one slick package. Sure, the 10 XRP reserve feels like a gatekeeper, but think of it as the VIP pass to a high‑speed lounge. If you’re not ready to lock that up, maybe stick with a simpler DEX, but for those who crave the full buffet, Sologenic is the place to be.
Maggie Ruland
September 30, 2025 AT 19:07Oh great, another “no‑fee” NFT marketplace – because we totally needed that.