Saphyre Accounts for 99% of Tracked Sei DEX Trading Over 30 Days

Saphyre processed $277.17 million of decentralized exchange trading tracked on Sei over 30 days, accounting for 99.2% of the measured total and concentrating activity on one venue.

At about 2 a.m. ET (06:00 UTC) Oct. 20, tracked Sei DEX venues showed $279.36 million in trailing 30-day volume. Subtracting Saphyre’s total leaves about $2.19 million for the other venues combined. Tracked volume over the preceding 24 hours was $6.62 million.

Saphyre has recorded about $6.86 billion in cumulative spot-token swaps. The exchange, previously known as DragonSwap, passed $4 billion in lifetime trading volume in October 2025. Those figures cover Saphyre, not all DEX trading on Sei.

At the same check, Sei’s decentralized finance applications held $31.75 million in total value locked, compared with about $16.46 million on Saphyre. Trading volume sums transactions over a period; total value locked measures assets deposited at a particular time. The two figures describe different activity and do not show how much new capital entered the network.