Is DexFun (DEX) Safe? Smart Contract Security Analysis

Security Findings

1 Info

Info

No code-level findings — an SPL mint exposes no auditable program source

I-01This token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

IssueThis token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

FixRead the risk score breakdown below as the substance of this audit. For a code-level review, the token would need an accompanying verified program.

StatusAcknowledged

Category Ratings

TechnicalLow8/10

The DexFun (DEX) token is implemented using the spl-token-2022 program. Key administrative authorities, including the Mint Authority and Freeze Authority, are both revoked, ensuring that no new tokens can be minted and no existing accounts can be frozen. The token does not utilize a Transfer Hook, nor does it have a high Transfer Fee (3.00%). Furthermore, the `balance_mutable` and `metadata_mutable` flags are set to False, preventing unauthorized balance adjustments or changes to token metadata.

GovernanceHigh2/10

The token's economic profile shows a healthy liquidity of $510,683 USD with a 24-hour volume of $417,209 USD, resulting in a normal Volume/Liquidity Ratio of 0.82. The DEX pair has been active for 22 days, providing some track record. Holder concentration data from external signals indicates the top 10 holders account for 45.12% of the supply, which is below thresholds for high concentration risk. However, chain-native RPC holder distribution data was unavailable.

UpgradesMedium5/10

The DexFun (DEX) token mint has a strong immutability profile. Both the Mint Authority and Freeze Authority have been revoked, preventing any future changes to the token supply or the ability to freeze accounts. The `metadata_mutable` flag is False, ensuring that the token's name, symbol, and image cannot be altered post-launch. Additionally, the `transfer_fee_upgradable` and `transfer_hook_upgradable` flags are False, confirming that these Token-2022 extensions cannot be modified.

Security Checklist

2/4 checks passed

Contract VerifiedPass

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Liquidity Depth

$467.1K across 4 pairs

Raydium CLMMSTONKanalysed$465.3K Meteora DYN2VCF$1.3K Meteora DYN2SOL$533 Meteora DLMMSOL$46

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

What Raised This Score

5 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Top-10 concentration > 30% (45.1% total → 45.1% effective; 45.1% in EOAs, 0.0% in contracts — moderate)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Token age < 30 days (still settling)

Each factor is an on-chain fact recorded at the time of this analysis. The score is computed from them by a deterministic function, so the same contract returns the same score for anyone who runs the audit. How scores are computed

Is DexFun Safe?