DeFi· ★★· neutral·

Saphyre accounts for 99% of Sei DEX volume over 30 days

  • —Sei DEX 30-day volume hit $278M, with ~$276M on Saphyre
  • —Cumulative DEX volume on Sei neared $15.9 billion
  • —Saphyre is the rebranded DragonSwap, which passed $4B in volume in 2025
  • —DefiLlama shows Sei DEX 24-hour volume of $6.61M and 7-day volume of $58.47M
Why it matters: Concentrating nearly all Sei trading in one protocol leaves the chain exposed to outages or liquidity shifts at Saphyre.
#SEI
Source: TokenPost
More on this
DeFi · 05:24
Sei nears $16 billion in cumulative DEX volume as Saphyre dominates
 DeFi · yesterday
DEX volume falls 32% to $5.6B in a day as ALT token surges 4,034%
 DeFi · Oct 18
Robinhood Chain hits $99B DEX volume, $1B TVL in first 100 days