what's DragonSwap?
DragonSwap is a decentralized exchange (DEX) operating on the Sei Network, designed as the fastest EVM-compatible DEX in its ecosystem. It enables users to perform instant token swaps with minimal fees and top-tier performance, supporting seamless trading across various cryptocurrencies. The platform facilitates trading, yield earning through liquidity provision, and development opportunities for builders. Its native governance and utility token, DRG, powers ecosystem participation, with integrations leveraging Sei's high-throughput infrastructure for efficient cross-chain and native USDC movements.
Dragonswap's perps volume grew over 19,000% in Q3 2025.
Achieved perps volume growth of over 19,000% in 90 days during Q3 2025.
Reached $26.2 million on-chain market cap for DRG token, ranking as the 5th largest token by market cap on Sei Network EVM.
Identified as one of the top existing DEX protocols on the Sei ecosystem in Messari's 2026 outlook report for Sei.
Achieves $413.6M in 30-day trading volume, representing approximately 48% market share of Sei's total DEX volume.
Generates over $1M in Monthly Recurring Revenue (MRR) according to Sei ecosystem report.
V2 will include SIP-3 wallet upgrade for Sei GIGA.
Achieves $4B in trading volume over the past week.
V2 includes UI rebrand with new professional logo replacing dragon logo, and introduces instant settlement and intelligent routing features, positioning as execution layer for institutional capital including tokenized funds, stablecoins, and Wall Street capital.
Achieves $58.39B cumulative volume with highest dominance rate on Sei Network, and announces V2 with Monaco alignment and mobile app feature.
V2 Staking system launches with $250K USDC emissions to stakers, 180-day redemption period, and auto-compounding feature that automatically market buys $DRG tokens with rewards.
Dragonswap leads Sei Network DEX volume in August with $453.2M, capturing 33.8% market share as total network volume reaches $1.341B.
An exploit occurred at kame_agg with partial fund recovery, and ecosystem projects including dragonswap are coordinating on recovery efforts through token repurchases from liquidity pools.
Ondo Finance's USDY ($656M market cap) launching on network with treasury-backed liquidity and bridge support via Yei Finance and Dragonswap.
Q2 2025 spot trading volume reaches $2.23B with average daily DEX volume of $24.6M, showing 52.6% QoQ growth.
Custom bridge UI developed for CCTP V2 integration to facilitate faster cross-chain USDC transfers with 8-20 second completion times.
DEX reaches $3B in all-time trading volume milestone.
Native USDC minting reaches $160M on network with 50%+ APR available for USDC/SEI pair.
New institutionally-backed fastUSD stablecoin launches on network with yield opportunities through YeiFinance, TakaraLend, and DEX liquidity pools.
Native USDC integration and CCTP V2 launch on Sei Network enables cross-chain transfers and enhanced trading capabilities across 24 blockchains.
Governance proposal passes for new incentivized SEIYAN pool implementation; DRG tokens airdropped to proposal participants.
TGE completed and DRG token airdrop scheduled for distribution within two weeks to xDRG farmers.
Community governance proposal initiated ahead of $DRG token generation event. Voting requires staked $SEIYAN.
DEX maintains consistent volume above $250m for two consecutive weeks after November peak.
DEX reaches $1B yearly volume milestone and prepares for $DRG token launch.
New security integration with Hypernative Labs enables real-time threat prevention and automated risk mitigation.
Epoch 2 launches on Kaia Chain offering 100%+ APY for GRND/KAIA and ZP/KAIA LP positions, plus 26% yields for sUSDa/USDa stablecoin pair.
Leading Sei native DEX reported hitting daily ATHs.