Sei nears $16 billion in cumulative DEX volume as Saphyre dominates
- —Cumulative DEX volume on Sei hit $15.9 billion, nearing $16 billion
- —Saphyre handled $276 million of the $278 million in 30-day volume
- —24-hour DEX volume is $6.61 million, up 15.41% week over week
- —TVL is about $31.71 million, with monthly volume nearly 9x that
Why it matters: Nearly all of Sei's trading activity runs through a single venue, Saphyre, while a thin $31.71 million TVL base leaves the network exposed to any disruption there.
Source: Crypto Briefing