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SwapKit Q2 2026
💡 In Q2 2026, SwapKit’s primary strategic objective was to expand the breadth and flexibility of its integration toolkit, delivering powerful new requested features, adding more fee customization and onboarding high-impact liquidity providers.
In Q2 2026, SwapKit showed strong relative resilience in a continued challenging market environment. Monthly swap volume remained substantial — ranging between $395M and $512M — with a mid-quarter dip in May followed by a June recovery to $427M as the broader DEX market rebounded modestly from its $179B low. Importantly, while global DEX volumes fell roughly 25% from Q1 to Q2, SwapKit volume declined only 9.5%, indicating meaningful share gains and sustained demand. SwapKit also maintained consistent transaction activity by onboarding new customers (Wormhole, Ballet, BitBox, Vultisig, NuFi, WAGMI).
On the product side, the team launched the Swap Widget — a fully embeddable cross-chain swap interface featuring a no-code visual Studio for brand customization and affiliate fee support, manageable directly from the Partner Dashboard. The Limit Order API was also released, giving integrators the ability to offer price-contingent swaps that execute automatically and asynchronously when market conditions are met, bringing CEX-style trading functionality to any app. On the monetization front, audited 1inch wrapper contracts now enable compliant fee collection on single-chain volume that was previously difficult to monetize, while partners also gained access to stablecoin fee configuration from the Dashboard for more precise pricing control.
Underpinning these releases, SwapKit completed a full infrastructure refactor — migrating from manually configured GCP resources to a Terraform-driven, multi-region setup with dynamic load balancing to reduce provider latency for partners worldwide. The team also welcomed a new Developer Relations Engineer to lead developer satisfaction and partner implementation work — a hire that reflects SwapKit’s strong financial position and growing demand at a time when many peers in the space are scaling back.
Growth Highlights
These figures are best read in context: swap volume is SwapKit’s primary revenue driver, and with Bitcoin and other crypto assets trading at lower prices and reduced volatility, aggregate volume naturally contracts regardless of platform activity. Against that backdrop, monthly active users and total transaction count are the clearer growth signals — both confirm SwapKit is continuing to expand its share of the market even as asset prices sit below prior highs.
Part of maintaining these numbers was also a monetization improvement: some volume had previously been technically difficult to monetize, and the launch of our audited 1inch wrapper contract enabled fee collection on that volume — and in a cleaner way than before.
Main update: SwapKit sustained stable monthly transaction volume across an extended period of industry-wide decline — maintaining above $390M for nine consecutive months while total DEX market volume contracted by more than 64%.
From October 2024 through June 2026, DEX volumes fell from $539B to $195B. SwapKit closed the same period within 4% of its October level, recording positive month-over-month growth in five of the last eight months. This performance reflects SwapKit’s structural advantage: as market-wide activity compressed, its share of total volume grew — evidence of durable platform adoption and the resilience of its integration ecosystem.
Our reports track three main public metrics:
- Total Volume – total monetized volume.
- Unique Addresses – How we measure monthly (unique) active users, validate demand for our service, and growth in mind share.
- Number of Transactions – How we measure how competitive our service is and the retention for end users.
Private metrics available to shareholders upon request.
Swap Volume
| Month | Total Swap Volume (USD) | MoM Growth |
|---|---|---|
| July 2025 | $175,482,661 | -16% |
| August 2025 | $250,405,514 | +43% |
| September 2025 | $265,327,236 | +6% |
| October 2025 | $446,053,907 | +68% |
| November 2025 | $722,510,501 | +62% |
| December 2025 | $416,816,529 | -42% |
| January 2026 | $528,742,231 | +27% |
| February 2026 | $426,642,946 | -19% |
| March 2026 | $512,386,487 | +20% |
| April 2026 | $511,982,539 | -0.001% |
| May 2026 | $394,587,744 | -23% |
| June 2026 | $426,582,507 | +20% |
Unique Wallet Addresses (MAU)
| Month | Unique Addresses (MAU) | MoM Growth |
|---|---|---|
| July 2025 | 26,332 | +79% |
| August 2025 | 62,199 | +210% |
| September 2025 | 120,127 | +101% |
| October 2025 | 136,595 | +7% |
| November 2025 | 122,812 | -6% |
| December 2025 | 104,868 | -13% |
| January 2026 | 141,041 | +34% |
| February 2026 | 144,273 | +2% |
| March 2026 | 189,340 | +31% |
| April 2026 | 221,771 | +17% |
| May 2026 | 229,422 | +3% |
| June 2026 | 212,517 | -7% |
Number of Transactions
| Month | Total Transactions | MoM Growth |
|---|---|---|
| July 2025 | 22,327 | +71% |
| August 2025 | 72,537 | +225% |
| September 2025 | 164,190 | +126% |
| October 2025 | 178,960 | +9% |
| November 2025 | 160,740 | -10% |
| December 2025 | 141,983 | -12% |
| January 2026 | 156,674 | +10% |
| February 2026 | 162,557 | +4% |
| March 2026 | 204,436 | +26% |
| April 2026 | 251,094 | +23% |
| May 2026 | 263,240 | +5% |
| June 2026 | 210,646 | -20% |
Integrators Spotlights
Ballet
Ballet is a self-custodial crypto cold storage wallet company, trusted since 2019 and securing over $1 billion in crypto worldwide, that delivers physical bearer-asset cards requiring no account, password, or seed phrase setup. Built on the BIP38 open-source standard, its REAL Series cards keep private keys 100% offline while supporting 1,000+ coins and NFTs — including Bitcoin, Ethereum, and XRP — in a single card, with added features like crypto swaps, buying/selling, and giftable options.
Website: https://www.ballet.com/
BitBox
BitBox is a Swiss-made line of non-custodial hardware wallets created by Shift Crypto AG that has spent more than ten years making Bitcoin and crypto self-custody easier and more secure. It supports Bitcoin, Ethereum, Cardano, Litecoin and 1,500+ tokens (with a Bitcoin-only edition available), and pairs with the BitBoxApp for managing, swapping, and spending coins across Windows, macOS, Linux, Android, and iOS.
BitBox also leverages the SLIP-24 signed payment requests we launched in Q1, so the device can cryptographically verify on-device that swap parameters haven’t been tampered with — confirming the sell amount, destination address, and expected buy asset before the user signs.
Website: https://bitbox.swiss/
Vultisig
Vultisig is a free, open-source, self-custody MPC (multi-party computation) wallet that eliminates seed phrases by splitting your private key into distributed shares across devices, and is trusted by over 50,000 vault creators worldwide. It supports 30+ chains — including Bitcoin, Ethereum, Solana, THORChain, and Cosmos — with built-in cross-chain swaps, DeFi access, and threshold M-of-N signing, and even offers a TypeScript SDK so AI agents can hold and move funds securely.
Website: https://vultisig.com/
NuFi
NuFi is a fully non-custodial, multi-chain Web3 wallet (available as a browser extension and web app) that lets users store, manage, trade, and stake crypto and NFTs across 100+ chains — including Bitcoin, Cardano, Solana, Ethereum, EVMs, SVMs, and Flow. It offers cross-chain swaps, integrated DEXs, native staking, an NFT gallery, seedless social login (Google, Facebook, Discord, X), and deep hardware wallet support for Ledger, Trezor, Keystone, OneKey, GridPlus, and BitBox.
Website: https://nu.fi/
WAGMI
WAGMI is a non-custodial platform that automates crypto arbitrage for everyone — users simply choose an asset and enter an amount, and WAGMI finds the best same-asset spreads across chains and exchanges to execute. It supports 30+ networks with a non-custodial wallet managed from a single account, letting users earn, trade, and spend, and is powered by its native $WAGMI token.
Website: https://wagmi.global/
New Chains
TON (April 2026)
Market Daily Volume: $70M+
Stablecoin Market cap: $770M+
TVL: $65M+
TON (The Open Network) is a high-speed Layer-1 blockchain originally developed by Telegram that uses its dynamic sharding architecture and Proof-of-Stake consensus to deliver massively scalable, low-cost transactions with native Telegram ecosystem integration.
ADI Chain (June 2026)
Market Daily Volume: $5M+
TVL: $700M+
ADI Chain is an Ethereum Layer 2 built by the ADI Foundation for government, enterprise, and institutional digital infrastructure. Built on zkSync’s zkStack and powered by the Airbender prover for fast, low-cost, GPU-accelerated zero-knowledge proofs, it offers modular Layer 3 capabilities that let nations and enterprises deploy compliant, region-specific systems for payments, e-invoicing, land registries, and stablecoins.
SwapKit Updates
New Product: Limit Orders APIs
The SwapKit Limit Order API is the first decentralized limit order solution with native Bitcoin support. Integrators can offer their users a smarter way to swap: set a target price, and let the market come to you. Orders execute automatically the moment conditions are met, so users never have to time the market manually — unlocking a powerful, CEX-style trading feature for any app with none of the infrastructure overhead.
New Product: Swap Widget
SwapKit Widget is a drop-in, fully functional cross-chain swap interface that embeds seamlessly into any website or app. Users can connect wallets, compare live quotes, and execute non-custodial swaps across multiple chains — all without leaving the platform they’re already on. A visual Widget Studio makes brand customization effortless, from colors and default assets to supported wallets, with zero code required. Built-in affiliate fee support means every swap becomes a potential revenue stream, making it as powerful a business tool as it is a user experience upgrade.
Try it out now: https://widget.swapkit.dev/
Step-by-step integration guide: https://docs.swapkit.dev/swapkit-widget/introduction
Configure fees in the Partner’s Dashboard
Single chain swaps monetization
SwapKit launched audited wrapper contracts that enable compliant fee collection for 1inch volume — previously difficult to monetize. The contracts support distinct, independent fee collection for both SwapKit and its integrators, and give us control over whether the fee is taken in the input or output token, with a preference for stablecoins, gas assets, and blue-chip cryptocurrencies.
Wormhole × SwapKit × Mayan Mutual Integration
SwapKit Supported chains (via Mayan): ETH, Solana, BSC, Monad, Arbitrum, Avalanche, Base, Optimism, and Polygon
SwapKit is integrated with both Wormhole and Mayan — two connected but distinct pieces of infrastructure:
- Wormhole — cross-chain financial infrastructure connecting assets, data, and applications across 45+ blockchains, with over $68B in all-time transfer volume.
- Mayan — an intent-based cross-chain execution layer, backed by and built on Wormhole, where solvers compete in real-time auctions to guarantee the best price on any-token swaps across major chains in seconds, non-custodially.
The integration runs both ways: SwapKit uses Mayan as one of its swap providers, and in turn serves as Wormhole’s exclusive native Bitcoin provider, feeding BTC quotes into Wormhole’s Mayan-powered Portal Swap. These routes surface automatically through SwapKit’s existing routers, so users get optimal execution without developers adding any extra logic.
New Hire: Developer Relations Engineer
We’re excited to welcome a new Developer Relations (DevRel) Engineer to the SwapKit team. She brings close to 10 years of experience building software in finance, and will lead our developer satisfaction efforts, working directly with partners to implement requests that make SwapKit a more powerful and flexible solution.
This hire reflects SwapKit’s strong financial position and growing demand for our platform, at a time when many firms in the space are scaling back. She’s also fluent in English, French, and Chinese, giving us valuable coverage across key markets in our industry.
New Feature: Wallet Sweep
Opt-in flag wallets can set on a quote or swap request to signal “send the user’s entire balance.” When it’s on and the requested amount is at or near the wallet’s full balance, the API recognises the request as a max-spend and automatically trims the amount by the estimated network fee — calculated from live gas prices so the transaction actually succeeds instead of failing for insufficient funds or leaving behind unspendable dust. This improves the user experience and removes the guess work of integrators needing to estimate the true spendable balance.
Infrastructure Update: full multi-region support
SwapKit completed a full infrastructure refactor, moving from manually configured Google Cloud Platform resources to a fully Terraform-driven setup. We expanded from a single-region deployment to a multi-region architecture with servers in North America, Europe and Asia. Requests are routed dynamically by smart load balancers, optimizing for latency and reliability. This is a critical improvement given that we serve partners globally, and provider latency remains a top concern for wallets.
New Provider: Flashnet Orchestra
SwapKit Supported chains: BTC, ETH, Solana, LTC, Zcash, TRON, BSC, TON, Arbitrum, Base, Optimism, Polygon, Avalanche, XRPL
Founded by David Marcus, Flashnet is a Bitcoin-native orchestration layer that lets users swap between BTC and stablecoins across major chains in seconds — without bridges, wrapped tokens, or giving up custody of their assets. Built on Spark (Bitcoin’s L2), Flashnet’s Orchestra protocol handles routing, bridging, and settlement against native Bitcoin liquidity through a single async API.
Flashnet’s architecture delivers sub-second matching and ZeroConf Bitcoin deposit confirmation (under 10 seconds), non-custodial asset control, and zero slippage on BTC/stablecoin pairs. Because Flashnet routes surface through SwapKit’s existing quote engine, developers get native Bitcoin coverage with zero additional integration work.
Other Updates
In Q2 2026, SwapKit actively participated in major blockchain and crypto conferences across the United States and Europe, including:
- ETHCC in Cannes was in the last days of March and first days of April
- Token2049 Miami, in May
- Dutch Blockchain Week in Amsterdam was in June — we co-hosted a side event here with the Onramper team: https://luma.com/xxl3b434
About SwapKit
SwapKit develops technologies and operates services enabling non-custodial, permissionless cross-chain trading for wallets, dApps, and crypto platforms. Through its API and SDK, SwapKit enables seamless swaps across multiple chains – including Bitcoin — to let users trade native assets in a single transaction without handling the underlying complexity.
SwapKit integrators benefit from a unified API to get access to multiple providers, abstracting away integration complexities. Integrators can monetize their SwapKit integration using tailor-made tools to easily configure and collect swap fees. SwapKit supports address AML checks, transaction status tracking, and multi-chain wallet interaction. With fully open-source smart contracts and a continuously expanding chain / asset coverage, SwapKit empowers projects to embed composable cross-chain DeFi capabilities efficiently.
For media enquiries, please contact: contact@swapkit.dev
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