SwapX — The V4 DEX on Sonic

A decentralized exchange protocol on the Sonic blockchain, built on Algebra Finance V4, offering concentrated liquidity, dynamic fees, and on-chain voting for pool emissions.

Start Trading Learn More

SwapX by the numbers

$3.97B+Total trading volume
$737K+Total value locked
V4Algebra AMM version
10,000+Transactions per second on Sonic

Why SwapX

Most DEXs spread liquidity across the entire price curve — a wasteful design. The SwapX platform concentrates capital where trades actually happen, so providers earn more per dollar deposited.

Up to 78% lower gas

Algebra V4's modular architecture reduces on-chain computation versus earlier AMM designs, cutting costs for traders on every swap.

Dynamic fee tiers

Fees adjust automatically based on pool volatility. Stable pairs pay less; high-variance pairs compensate providers for impermanent loss risk.

Plugin-based extensibility

The V4 hook system lets the team behind SwapX add features — TWAP oracles, limit orders, custom fee curves — without migrating liquidity.

Audited by BailSec

All core contracts have been reviewed by BailSec, a specialized smart-contract security firm. Reports are public. Code is open source.

How it works

Connect your wallet

WalletConnect v2 or any injected provider works. Hardware wallets via MetaMask are supported. No account registration required.

Choose a token pair and route

The SwapX router finds the most efficient path across concentrated liquidity pools, including multi-hop routes when a direct pool does not exist.

Provide liquidity in a range

Set a price range, deposit both tokens, and receive an LP NFT. ICHI vaults handle automated rebalancing for single-sided deposits.

Vote and earn incentives

Lock $SWAPX or hold an xNFT, vote weekly for your preferred pools, and collect bribes and fee revenue proportional to your voting weight.

Bridge assets to Sonic

Use the Cross Chain section or external bridges. Sonic confirms blocks in under one second, so bridged funds arrive fast. See Ethereum bridge docs for technical background.

Key features

Concentrated liquidityCapital deployed in custom price bands. Providers choose narrow or wide ranges depending on their risk preference.
Algebra V4 AMMModular AMM with plugin hooks. Enables limit-order logic, TWAP feeds, and custom fee curves without contract migrations.
ICHI automated vaultsSingle-token deposit vaults that rebalance LP positions automatically. Compatible with the DeFi ERC-4626 vault standard.
xNFT governanceTiered NFTs grant boosted emissions, protocol fee share, and weighted voting power. Founders-round xNFTs carry the highest multiplier.
On-chain votingWeekly emission epochs. Any $SWAPX holder or xNFT owner directs rewards to pools, creating a transparent, permissionless incentive market.
Forge-based developmentThe SwapX protocol's contracts are tested and deployed via Forge, ensuring reproducible builds and deterministic bytecode for every release.
Cross-chain entryIntegrated bridge partners including rhino.fi and Magpie allow inbound transfers from Ethereum, BNB Chain, Arbitrum, and more directly into the SwapX app.

FAQ

What is SwapX?

SwapX is a decentralized exchange on Sonic, powered by Algebra Finance V4. It offers concentrated liquidity pools, dynamic fee structures, and a vote-to-earn incentive model using the $SWAPX token.

How do I start trading on SwapX?

Connect a Web3 wallet to the app, pick a token pair, set slippage tolerance, and confirm. The router handles routing automatically across available pools on Sonic.

Is SwapX safe and audited?

Yes. Core contracts were reviewed by BailSec. The audit report is publicly available. All code is open source and verifiable on the Sonic block explorer.

What token does SwapX use?

$SWAPX is the native token. It governs pool emission votes, distributes protocol fee revenue to stakers, and backs the xNFT loyalty program with boosted rewards.

How do I provide liquidity on SwapX?

Go to the Earn section, select a pool, define your price range, and deposit. You receive an LP NFT. ICHI vaults offer a simpler single-asset deposit option with auto-rebalancing.

Can I earn rewards if I hold an xNFT?

Yes. xNFT holders receive a portion of protocol fees, multiplied emissions on voted pools, and governance rights. Higher-tier NFTs carry larger multipliers, as detailed in the protocol overview.

What is concentrated liquidity in SwapX?

Instead of spreading capital from zero to infinity, providers choose a price range. Capital works harder inside that range, generating more fees per dollar — but earns nothing if the price moves outside.

Why should I vote for pools on SwapX?

Voting directs $SWAPX emissions. Protocols whose pools receive votes often bribe voters with their own tokens. That bribe income is direct yield on top of governance participation.

How does SwapX compare to other DEXs on Sonic?

The SwapX's protocol uses Algebra V4 hooks, which no other Sonic DEX currently offers. This allows custom fee logic, TWAP oracles, and ICHI automated vaults — all without liquidity migrations between versions.

What are the trading fees on SwapX?

Fees vary dynamically per pool. Algebra V4's design reduces gas overhead by up to 78% versus V2-style AMMs. Stable pairs typically run at 0.01–0.05%; volatile pairs go higher to offset impermanent loss.

Can I use SwapX with a hardware wallet?

Yes. Ledger and Trezor devices work through MetaMask or directly via WalletConnect v2. The interface itself does not restrict wallet type. See the SwapX help page for setup guidance.

What is ERC-4626 and does SwapX support it?

ERC-4626 is a standard for tokenized yield vaults on Ethereum-compatible chains. SwapX's ICHI-powered LP wrappers are designed for ERC-4626 compatibility, making them composable with lending markets and yield aggregators.

How do I bridge assets to Sonic for SwapX?

Use the Cross Chain tab in the app or external partners like rhino.fi or Magpie. Sonic settles in under a second, so most bridge transfers clear quickly. The DeFi Wikipedia page covers bridging concepts for newcomers.

Where can I find SwapX documentation?

Full docs, Forge-based integration examples, and API specs live in the GitBook linked from the top navigation. Contract ABIs are also available on the Sonic explorer for direct integration.