Explosive Enterprises got their hands on the 40Max Cyclops 2 if there are improvements. This is a 40mm airsoft shell featuring a single-barrel design that stores 110 BBs in a spiral track. This version introduces a top-down feed system and a longer central barrel, providing a flatter flight trajectory and a tighter spread compared to traditional multi-barrel shells. A unique "boost switch" allows users to toggle between a maximum power mode and a restricted "normal" mode intended for close-quarters engagements, though the reviewer notes that the shell is generally easy to reload using a standard speed loader.

Despite these design updates, the Cyclops 2 is criticized for its low muzzle velocity and highly restricted gas flow, which results in a long firing duration that gives opponents time to react. The shell also suffers from a "hop-up effect" caused by the retention O-ring, meaning any slight rotation within the launcher can cause the BBs to hook sharply in different directions. Ultimately, they find the shell to be an interesting concept for niche mid-range or CQB use, but one that is ultimately let down by underwhelming power and practical consistency issues.