Sailor, the Decentralized Exchange on Sei, has Reached The $ 10 Million Total Value Locked (TVL) Milestone One Month After Its Launch, Making It The Fastest-Greing Dapp On The Network.
Sailor is a uniswap v3 fork on sei. IT IS CURRENTLY THE THIRD-LARGEST DEX ON SEI after DRAGON SWAP AND JELLYVERSE.
The Platform Operates as A Classic Automated Market Maker (AMM), Hosting Multiple Pools Consisting of Token Pairs. Tokens with the Largest TVL Share Include Wrapped Bitcoin (WBTC), USDC, and Wrapped SEI (Wsei).
The Largest Pools on Sailor are USDC-Sei with Over $ 4 Million in TVL, and WBTC-Sei, with Nearly $ 3 Million.
Trading Volume on Sailor is increasing and Reated Nearly $ 10 Million on Thursday, Joining The Top 50 Dexs by Volume, Surpsing Both Dragon Swap and Jellyversse.
I know is a cosmos-based layer 1 blockchain built for speed and scalability. It was designated to support dapps that facilitate dentralized trading and nft marketplaces. The Network Launched at the End of 2023 and Currently has over $ 205 Million in TVL.
Since it focuses on Delivering A Premium Trading Experience, The Majority of ITS Approximately 40 Dapps Are Dexs and Derivatives Trading Platforms. Sailor is the Latest Dex on Sei, and It has Managed to Outperform its Direct Competitors and Dominate Trading Volume.
ELSEWHERE, Dragon Swap and Jellyverse Are Down Over 20% Over The Month Depitted Their Recent Recovery. Dragon is the Largest Dex with $ 22 Million in TVL, and Jellyverse Comes Next with Nearly $ 18 Million.
Rapid the Rapid Growth in TVL, The Number of Daily Active Users on Sailor is very low at 25. These Wallets Carry Out Over 5,000 Transctions Per Day.
Dragon and Jellyverse Have Over 50 Daily Active Addresses, But Jellyverse’s Daily Transaction Count is very low at 80.
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