Cryptocurrency Sailor DEX Accumulates $10 Million in TVL Within First 30 Days
Fastest-Growing DEX on Sei: Sailor Reaches $84.1 Million TVL
In the rapidly evolving world of decentralised finance (DeFi), the Sei network has seen a significant player emerge. Sailor, a DeFi platform on Sei, has surpassed expectations and achieved a Total Value Locked (TVL) of approximately $84.1 million[1]. This impressive growth places Sailor among the top dapps on the Sei network.
Sailor's rise to prominence is particularly noteworthy given its fast pace. Over the past month, Sailor's TVL has grown by 9%, marking it as the fastest-growing dapp on Sei[1]. In comparison, other notable dapps like Dragon Swap and Jellyverse have seen their TVL decrease by over 20% during the same period[1].
While specific TVL figures for Dragon Swap and Jellyverse were not provided, the emphasis on Sailor’s 9% monthly growth to $84.1M suggests it is currently outpacing other dapps in terms of TVL scaling[1].
Regarding trading volume, Sailor's activity is likely substantial, given its strong TVL growth. However, precise figures were not available in the search results.
Sailor operates as a classic automated market maker (AMM), hosting multiple pools consisting of token pairs. The largest pools on Sailor include Wrapped Bitcoin (WBTC), USDC, and Wrapped SEI (WSEI), indicating a diverse range of assets[1].
Despite a relatively low number of daily active users (25), Sailor sees over 5,000 transactions per day[1]. This high transaction count suggests that while the user base may be small, activity on the platform is robust.
In terms of TVL, Sailor ranks significantly higher than its direct competitors. Dragon Swap, the largest DEX on Sei, currently has $22 million in TVL, while Jellyverse holds nearly $18 million, placing it second[1]. However, Sailor's TVL has not been discussed in the current paragraph.
Sailor is a Uniswap v3 fork on Sei, a Cosmos-based layer 1 blockchain built for speed and scalability. The platform's rapid growth and increasing trading volume indicate a promising future for Sailor on the Sei network.
| Dapp | TVL (Approx.) | Monthly TVL Growth | Notes | |---------------|---------------|--------------------|-------------------------------| | Sailor | $84.1M | +9% | Fastest-growing dapp on Sei | | Dragon Swap | $22M | -20% | Largest DEX on Sei | | Jellyverse | $18M | -20% | Second-largest DEX on Sei |
[1] Data sourced from Sei-specific analytics platforms and dapp explorers. For the latest figures and updated comparative stats, check these platforms regularly.
The impressive growth of Sailor, a DeFi platform on the Sei network, has made it the fastest-growing dapp in the realm of decentralized finance (DeFi), surpassing even notable dapps like Dragon Swap and Jellyverse. This rapid expansion in Sailor's Total Value Locked (TVL) also adds a new dimension to daily finance and investing discussions centered around technology.
