Sei network nears $16 billion in all-time DEX volume as Saphyre dominates trading

Sei Network’s decentralized exchange volume has reached $15.9 billion in cumulative terms. The milestone landed on October 19, 2026, and puts the trading-focused blockchain within shouting distance of the $16 billion mark. The numbers behind the milestone Sei is a Layer-1 blockchain that emphasizes low-latency execution, meaning trades confirm quickly enough to suit active traders. Over the 30 days leading up to October 19, Sei recorded $278 million in DEX volume. Saphyre, the chain’s leading decentralized exchange, accounted for about $276 million of that total. Every other DEX on Sei combined handled roughly $2 million. Sei’s 24-hour DEX volume currently sits at $6.61 million, up 15.41% on a weekly basis. Total value locked, the pool of assets deposited into the network’s DeFi applications, stands at approximately $31.71 million. The past month’s trading volume ran to nearly nine times the capital sitting in Sei’s protocols. From DragonSwap to Saphyre Saphyre evolved from DragonSwap, an earlier exchange on the network, and has processed more than $6.6 billion in DEX volume on Sei over its lifetime. That means one venue and its predecessor account for more than 40% of all the trad...