Jellyverse Decentralized Exchange (DEX) powered by Sei, sees a massive spike, hitting a record $13M TVL (Total Value Locked) after a month, marking a 200% surge.

Jellyverse Decentralized Exchange (DEX) powered by Sei, sees a massive spike, hitting a record $13M TVL (Total Value Locked) after a month, marking a 200% surge.

=============================================================================

In the rapidly evolving world of decentralized finance (DeFi), the Sei blockchain continues to make waves, recently surpassing a new record total value locked (TVL) of $154.5 million as of September 18 [1]. This impressive growth marks Sei as the best monthly performer among the top 90 blockchains by TVL [2].

One of the key contributors to Sei's success is its focus on high-intensity DeFi applications, particularly trading-focused protocols and decentralized exchanges (DEXes). The platform's fast, low-latency infrastructure and integrations with wallets like MetaMask have driven a robust daily trading volume of approximately $4.68 billion [3].

Among the top DeFi apps on the Sei blockchain, Jellyverse stands out as the second-largest DEX, surpassed only by Dragon Swap. Jellyverse, a platform launched in mid-June, is a Sei-focused DEX forked from Balancer V2 [2]. As of now, Jellyverse boasts a TVL of $13.2 million [2].

Jellyverse offers a variety of standard pools, including token pairs that include its native JLY token, wrapped FRAX, SEI (WSEI), USDC, wrapped Ethereum (WETH), and USDT [4]. The platform also supports staking and synthetics protocols, offering tokenized versions of real-world assets like company shares, bonds, or commodities [4].

On September 18, daily trading volume on Jellyverse reached a record high of $802,300, with total cumulative volume nearing $25 million [1]. The Jellyverse ecosystem continues to grow, offering competitive annual percentage rates (APR) for Ethereum exposure and USD stablecoin pools [4].

Sei, a high-speed Cosmos-based layer 1 blockchain, serves as a scalable solution for DeFi applications. As the first parallelized EVM blockchain, Sei is well-positioned to accommodate the increasing demand for fast and efficient DeFi services [5].

For more detailed metrics on Jellyverse within the Sei DeFi ecosystem, including its TVL and trading volume, checking Sei ecosystem dashboards, DeFi analytics platforms, or Jellyverse's official metrics portals would provide the most accurate and up-to-date information.

[1] Sei blockchain hits new TVL record [2] Sei blockchain outperforms top 90 blockchains by TVL [3] Sei blockchain daily trading volume reaches $4.68 billion [4] Jellyverse: The second-largest DEX on Sei [5] Sei blockchain: A scalable solution for DeFi

1. The daily trading volume on Jellyverse, the second-largest DEX on Sei, continues to be impressive, reaching a new record high of $802,300 on September 18.
2. In the realm of DeFi news, the best performer among the top 90 blockchains by TVL, Sei, continues to offer competitive annual percentage rates (APR) for Ethereum exposure and USD stablecoin pools, such as those available on Jellyverse.

Read also: