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Saphyre

CEXRank #320
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Volume 24h
$12.9K
Volume 7d
$86.8K
Volume 30d
$421.2K
Vol. Change 24h
-3.15%
Trading Pairs
4
Coins Listed
4
Monthly Visits
—
Weekly Visits
—
Best Referral Code
N/A
Liquidity (24h)
N/A
Traffic Score
N/A
Maker / Taker Fee
N/A

Saphyre Trading Volume History

Daily 24h volume snapshots collected by DEXCEX

$20.2K$13.5K$6.7K$0May 9Jun 3Jun 20
Latest
$12.9K
Avg
$7.4K
Range
$1.3K – $18.5K
Period change
+200.29%

Trade on Saphyre

Access 4 trading pairs across 4 coins directly on Saphyre.

Top trading pairs on Saphyre

Showing top 4 of 4 live pairs by 24h trading volume.

#PairPrice
1
DRG/WSEI
$0.010066
2
WSEI/MILLI
$0.053664
3
USDT/WSEI
$0.990607
4
MILLI/WSEI
$0.000001200

About Saphyre

#

What Is Saphyre? Saphyre is the native liquidity hub and automated market maker on the Sei Network

Launched in May 2024 and rebranded from DragonSwap on January 28, Saphyre supports multiple liquidity models, including constant product (XYK) pools, concentrated liquidity pools, and staking. The protocol is designed to enable efficient trading and flexible capital deployment across a wide range of pairs. Saphyre is an onchain trading and liquidity protocol built on Sei’s high-throughput infrastructure. It delivers fast execution, minimal time to finality, and reduced slippage, making it suitable for traders seeking efficient and reliable execution while providing liquidity providers with multiple ways to deploy capital. #

Does Saphyre Have a Token? Yes

Saphyre is powered by the DRG token, which is used to reward liquidity providers, support staking with protocol revenue sharing, and incentivize long-term ecosystem growth. #

Is Saphyre Open-Source? Saphyre, formerly DragonSwap, was built with a modular architecture that supports ongoing upgrades and ecosystem integrations

Its smart contracts are open-source and have undergone audits to ensure a secure and transparent foundation. The protocol emphasizes efficiency, accessibility, and sustainability in its design. #

Who Are the Founders of DragonSwap? Saphyre was founded by a team with experience building and scaling DeFi infrastructure and onchain protocols

The founders focus on developing a resilient trading layer that aligns with Sei’s vision for scalable, high-performance applications.

Dragonswap has rebranded to Saphyre.

Saphyre in the CEX Ranking on dexcex.io

Saphyre is tracked in the CEX Ranking on dexcex.io alongside every other major centralized exchange. It currently sits at #320 in our CEX Ranking based on 24h trading volume, exchange score, liquidity and web traffic.

Compare Saphyre's 24h volume and fees against other top venues in the CEX Ranking on dexcex.io, then check how its listed assets perform inside the crypto rankings to spot which markets are driving its volume.

dexcex.io combines the DEX Ranking, the CEX Ranking and full crypto rankings in one portal, so you can move from this Saphyre profile straight into the broader market context without leaving the site.

Frequently Asked Questions about Saphyre

What is Saphyre and is it a DEX or CEX?
Saphyre is a centralized exchange (CEX). As a CEX, it acts as an intermediary matching buyers and sellers with order books and custodial wallets.
How does Saphyre work?
Saphyre operates as a centralized exchange where users create an account, deposit funds (crypto or fiat), and place buy or sell orders through the platform's order book. The exchange matches orders between buyers and sellers and holds user funds in custodial wallets. Saphyre currently offers 4 trading pairs across 4 listed cryptocurrencies.
How does Saphyre differ from other centralized exchanges?
Saphyre stands out among CEXs with a 24-hour trading volume of $12.9K. It is currently ranked #320 among CEX platforms on DEXCEX. Key differentiating factors for CEXs include fee structure, number of supported assets, trading products (spot, futures, margin), regulatory status, and security measures.
What is Saphyre's 24h trading volume?
Saphyre currently has a 24-hour trading volume of $12.9K, which has changed by -3.15% compared to the previous day. The 7-day volume is $86.8K and the 30-day volume is $421.2K. CEX volume is a key indicator of exchange liquidity and activity.
How many trading pairs does Saphyre support?
Saphyre currently supports 4 trading pairs across 4 listed coins. More trading pairs generally means more options for traders to diversify their crypto portfolio.
What are Saphyre's trading fees?
Detailed fee information for Saphyre may vary by trading pair and user tier. Check the exchange's official fee schedule for the most up-to-date rates.
Where does Saphyre rank among CEX exchanges?
Saphyre is ranked #320 in the CEX ranking on DEXCEX based on trading volume, liquidity score, web traffic and other key metrics.
What is the difference between a DEX and a CEX?
A DEX (decentralized exchange) lets users trade crypto directly from their wallets via smart contracts — there is no central authority holding funds. A CEX (centralized exchange) acts as a middleman, holding user deposits and matching orders through a centralized order book. DEXs offer self-custody and transparency, while CEXs typically provide faster execution, fiat on-ramps, and more advanced trading products. Saphyre is a CEX, providing a managed trading environment with additional features.
How much web traffic does Saphyre receive?
Web traffic data for Saphyre is currently not available. Visit DEXCEX regularly for updated exchange statistics and CEX ranking data.
What is Saphyre's liquidity score?
The liquidity score for Saphyre is currently not available. Liquidity is a critical factor for trade execution quality and is factored into CEX rankings on DEXCEX.
Is Saphyre safe to use for crypto trading?
Saphyre is listed on DEXCEX. As a centralized exchange, security depends on the platform's infrastructure, insurance funds, and regulatory compliance. Always enable two-factor authentication and withdraw large holdings to personal wallets. DEXCEX provides data and rankings but does not endorse any specific exchange.