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@0xafonsoAnalysis of DragonSwap DEX Platform on SEI Blockchain
Flipside AI
DragonSwap on Sei blockchain demonstrates explosive growth, with monthly swappers surging 65x from 103 to 107,231 between May and August 2024, and total swap volume expanding from $285k to $469m in just 8 months. The platform processes an average of 13,680 daily transactions totaling $1.37b in swap volume, with 176,217 unique swappers and concentrated liquidity in WSEI and USDC trading pairs. High-value traders are particularly active, with the top 100 users generating $349.3m in trading volume, while the majority of transactions (41.5%) fall in the $100-$500 range.
DragonSwap is a decentralized, permissionless automated market maker (AMM) decentralized exchange (DEX) operating on the Sei Network, a high-performance Layer 1 blockchain. Designed to be user-friendly and community-driven, DragonSwap has evolved into a high-performance, parallelized liquidity hub running on Sei V2.
DragonSwap Key Features:
Parallelized EVM Integration: DragonSwap leverages Sei's parallelized Ethereum Virtual Machine (EVM) capabilities to enhance transaction throughput and efficiency.
Automated Market Maker (AMM): As an AMM DEX, DragonSwap facilitates decentralized trading by utilizing liquidity pools, allowing users to trade ERC20 tokens seamlessly.
User-Friendly Interface: The platform is designed with a focus on user experience, making it accessible for both novice and experienced traders.
By leveraging Sei's high-speed blockchain technology, DragonSwap offers a robust and efficient platform for decentralized trading, contributing significantly to the growth and development of the Sei ecosystem.
