Architecture & Promise
Swappi is engineered to function as an automated market maker on the Conflux Network. It launched as the first DEX on eSpace - Conflux’s Ethereum-compatible smart contract layer. Users can trade, provide liquidity, earn LP tokens, stake them to earn PPI, and stake PPI for additional rewards.
Metrics & Activity
- TVL: ~$8 million across Conflux
- 24-Hour DEX Volume: ~$0 reported, but cumulative volume sits at ~$710 million
- Token Price & Volume: PPI trades near $0.0035, with ~24h trading volume of ~$13–14k
- Pool Liquidity: A PPI/ABC pool holds $3,031 USD with modest daily actions ($39)
Swappi supports 11 tokens and 20+ trading pairs, but liquidity and depth are limited.
What Works, What Waits
Code works and infrastructure is functional - wallet integration, staking, LP functionality and farms are live. Governance via PPI is in place.
But chain activity remains light. On-chain volume often shows as zero, on-chain swaps are sparse, liquidity pools are shallow, and user engagement is low.
Quick Stats Summary
| Aspect | Status |
|---|---|
| TVL | ~$8 million |
| Volume (24h) | ~$0 reported |
| Cumulative Volume | ~$710 million |
| Token Price | ~$0.0035 |
| 24h Token Volume | ~$13–14k |
| LP Depth (e.g. ABC) | ~$3k |
| Liquidity & Flow | Present but shallow |
Summary
Swappi stands as an ambitious DEX in Conflux’s DeFi landscape. It delivers complete AMM infrastructure - swaps, LP rewards, staking, governance. But usage is lagging: volumes and liquidity remain minimal despite a solid foundation.
Swappi didn’t fail - it’s built and waiting. Once user interest and liquidity return, the engine is ready to run.