7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Saphyre | DRG/0XE30F…5E8C7 | $355.27 | 0.61% |
| TRADE |
| Saphyre V2 | DRG/0XE30F…5E8C7 | $239.62 | 0.61% | TRADE |
Top 2 exchanges by 24h trading volume. BlockInsider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
Launched in June 2024, DragonSwap is the native liquidity hub on Sei Network. It serves as the native automated market maker (AMM) on Sei and supports multiple liquidity types, including constant product (XYK) pools, concentrated liquidity pools, and permissionless yield farms to incentivize liquidity provision across a range of trading pairs.
By leveraging Sei’s parallelized and high-throughput infrastructure, DragonSwap can process transactions with low latency and minimal time to finality. This enables a seamless user experience, particularly for traders seeking fast execution and reduced slippage.
The Sei Network’s Giga upgrade further enhances the protocol’s ability to scale with growing user and volume demand. Liquidity providers (LPs) on DragonSwap can choose between simple XYK pools or concentrated liquidity positions, offering greater flexibility in how capital is deployed.
LPs earn a share of trading fees generated within each pool. In addition to organic fee revenue, DragonSwap offers emissions-based incentives to reward liquidity on strategic trading pairs. These incentives are managed through internal mechanisms and updated periodically based on market conditions.
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