what's SwapX?
SwapX is a decentralized exchange (DEX) on the Sonic Layer-1 blockchain, powered by Algebra Finance's Integral V4 architecture. It specializes in concentrated liquidity provision through advanced automated liquidity management and modular plugins, enabling efficient trading and DeFi solutions for users seeking capital efficiency. SwapX implements a ve(3,3) tokenomics model to promote long-term alignment, stable growth, and equitable reward distribution among liquidity providers and voters. It emerged as the winner of the Sonic Boom competition in the SAPPHIRE category, highlighting its innovations in liquidity plugins.
SWAPX has reduced BRL-USDt conversion fees on Bitfinex via smartpaybrasil partnership effective Jan 9.
reduced BRL-USDt conversion fees for SWAPX transactions on Bitfinex through partnership with smartpaybrasil, effective as of January 9th, 2026
SwapX operates as OpenOcean's smart trading layer powered by Binance, enabling users to trade CEX and DEX tokens directly from DeFi wallets.
Top trading pairs show strong performance with $GHOG-OS leading at 243% gains, while veSWPx voting rewards appear to have declined to "still at >80%" from the previously reported 217% APR.
Token supply increase planned for business development initiatives while GEMS program requirements reduced from previous 200s earned threshold, creating mixed user sentiment.
Current voting rewards reach 217% APR, leading ve(3,3) protocols across chains.
Protocol implements multi-season rewards structure with upcoming GEMS integration and Tulip launch; current Season 2 features ranking system with multiplier points for enhanced rewards.
Voting/locking rewards exceed 100% APR, outperforming other chains by 4x.
Token sale launching June 5th with three-phase structure; new gaming partnership establishes 8.75% revenue-to-burn mechanism for token buyback.
$1B TVL achieved with $2.4B net inflow in past 90 days; 190.5M token airdrop ($100-200M value) scheduled for June 2025 with points system active now.
New labeling system implemented for yield forwarding pools, showing $OS pairs with boosted LP rewards from staking yield.
New vault offering 22.77% APR on wS/stS pair with automated position management and reduced impermanent loss exposure.
Implements secure transaction-specific approval settings, reducing user risk exposure compared to competitors using infinite approvals.
Two new yield farming pools launch with up to 145% APR and bonus point multipliers through multi-protocol collaboration.
New yield forwarding mechanism launches on $beS/$OS pool, automatically reinvesting yields to boost APY and liquidity.
Extra LP rewards now available through Yield Forwarding mechanism for Origin asset pairs.
New liquidity mining competition launches with bi-weekly reward distributions across multiple DEX platforms.
Active yield farming pool offers 22% APR for wS/stS pair.
160% APR available for voting returns on Sonic platform.
SILO/OS liquidity pool offers 310% APR yield, enhanced by redirected OS yields into AMM incentives.
Reports 400% APR for veSWPx voting this epoch, $4M market cap.