DEX Sailor Reaches $10 Million television-locked milestone in its initial month
In the vibrant world of decentralised finance (DeFi), the Sei network has emerged as a significant player, growing from a TVL of $60.8 million in January 2024 to over $686 million by July 2025, marking it as an emerging DeFi hub [4][5].
One of the key players on the Sei network is Sailor, a Uniswap v3 fork, which has made a strong impact since its launch. Despite a recent decline, Sailor has maintained a significant presence in Sei’s DEX market, holding a 30.1% market share within the ecosystem [1].
Sailor reached the $10 million total value locked (TVL) milestone just one month after its launch. The platform operates as a classic automated market maker (AMM), hosting multiple pools consisting of token pairs. Over 5,000 transactions per day are carried out by the 25 wallets on Sailor [6].
The largest pools on Sailor are USDC-SEI with over $4 million in TVL, and WBTC-SEI, with nearly $3 million. Tokens with the largest TVL share on Sailor include Wrapped Bitcoin (WBTC), USDC, and Wrapped SEI (WSEI) [6].
However, a recent downturn in the Sei DeFi sector has seen Sailor's growth slow, with its TVL declining by about 7%. This dip in TVL has been driven mainly by a decline in Yei Finance (-30%) and SiloStake (-21%), with Sailor being the only DEX experiencing a modest decline [2].
Despite its rapid growth, Sailor currently ranks third among the DEXs on Sei, with Dragon Swap and Jellyverse holding the top spots [7]. As of recent data, Sailor has a TVL of approximately $22 million, while Jellyverse is nearly at $18 million [3].
In a surprising turn of events, Sailor has joined the top 50 DEXs by volume, surpassing both Dragon Swap and Jellyverse. However, specific TVL, trading volume, and user activity metrics for these DEXs were not available in the search results [2].
The declining stablecoin supply on Sei also suggests deteriorating network activity recently, but the exact impact on Sailor, Dragon Swap, and Jellyverse remains unclear [2].
In summary, Sailor's growth has slowed somewhat recently and its assets have declined modestly in TVL, reflecting an overall downturn in Sei’s DeFi sector as of mid-2025. While Sailor has made significant strides, it currently lags behind Dragon Swap and Jellyverse in terms of daily active users and transaction count.
References: 1. Sei Network DEX Market Share 2. Sei Network TVL and DEX Performance 3. Sailor TVL 4. Sei Network TVL Growth 5. Sei Network as a DeFi Hub 6. Sailor DEX Details 7. Sei DEX Rankings
In the realm of daily transactions on Sailor, over 5,000 are carried out, showcasing its active participation in the Sei DeFi sector [6]. For those interested in finance and investing, keeping an eye on the daily news about Sailor's performance within the technology-driven world of decentralized finance (DeFi) is a must [1, 2, 3].
