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SwapKit Q1 2026
💡 In Q1 2026, SwapKit’s primary strategic objective was to develop generic solutions for the most requested customer requests. This is in part to strengthen our position with existing customers and adapting to their valuable feedback.
These efforts take the form of new features, API parameters for customization and increased security options. Some of these development efforts will be released and announced in Q2.
In Q1 2026, SwapKit maintained resilient performance despite an industry-wide contraction in DEX volumes, ending the quarter with strong momentum and reaching $512M in March swap volume alongside continued growth in unique addresses and transactions.
We also expanded our ecosystem through new integrator launches (OrangeRock by Bitcoin.com, Xverse, SafePal), broader chain coverage (X Layer, Cardano, Starknet), and deeper provider diversification and Near-Intents activations.
On the product side, we delivered Garden Protocol, released Partner’s Dashboard V2, launched Transaction Payload Signing for tamper-resistant integrator verification, and added Chainflip Vault Swaps for faster vault-deposit cross-chain swaps, strengthening our infrastructure for continued expansion and new major wallet partnerships in 2026.
Growth Highlights
Main update: SwapKit managed to maintain steady monthly volume despite the contraction in volume across the industry.
Total DEX market volume has declined by more than 64% since its October peak, compressing to just over one-third of that level by March. SwapKit’s monthly transaction volume, by contrast, grew approximately 14% over the same period — with sustained positive trajectory across five of the last six months. This performance reflects SwapKit’s ability to capture and retain market share during periods of broader market contraction and is a clear signal of platform strength and deepening user trust.
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 |
|---|---|---|
| April 2025 | $95,795,409 | — |
| May 2025 | $166,416,129 | +74% |
| June 2025 | $208,333,674 | +25% |
| 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% |
We are showing total monthly DEX volume to put SwapKit volume in the context of overall market conditions.
Unique Wallet Addresses (MAU)
| Month | Unique Addresses (MAU) | MoM Growth |
|---|---|---|
| April 2025 | 4,611 | — |
| May 2025 | 10,154 | +28% |
| June 2025 | 14,449 | +55% |
| 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% |
Number of Transactions
| Month | Total Transactions | MoM Growth |
|---|---|---|
| April 2025 | 7,318 | — |
| May 2025 | 10,075 | +38% |
| June 2025 | 13,085 | +30% |
| 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% |
New Integrators
SafePal
SafePal is a non-custodial crypto wallet suite founded in 2018, backed by Binance, with over 25 million users globally. It offers hardware, mobile app, and browser extension solutions, supporting 200+ blockchains and 200,000+ tokens, along with features like cross-chain swaps, staking, NFT management, and DeFi access.
Website: https://www.safepal.com/
Xverse
Xverse is a self-custodial Bitcoin wallet trusted by over 1.7 million users, supporting BTC, Bitcoin Layer 2s (Stacks, Starknet, Spark), Ordinals, Runes, BRC-20 tokens, NFTs, and DeFi — all in one app available on iOS, Android, and Chrome.
Website: https://www.xverse.app/
OrangeRock
OrangeRock is a next-generation decentralized mobile trading app that combines spot trading, perpetuals (up to 40x leverage), cross-chain swaps, and an integrated wallet in one place — without requiring KYC or giving up self-custody of your assets.
Website: https://orangerock.com/
New Chains
X Layer (January 2026)
Market Daily Volume: $20M+
Stablecoin Market Cap: $1.1B+
TVL: $45M+
X Layer is OKX’s Ethereum Layer-2 network that uses zkEVM technology to deliver fast, low-cost transactions with full Ethereum compatibility and deep OKX ecosystem integration.
Website: https://web3.okx.com/xlayer
Cardano (January 2026)
Market Daily Volume: $5M+
Stablecoin Market Cap $45M+
TVL: $130M+
Cardano is a peer-reviewed, research-driven Layer-1 blockchain using its energy-efficient Ouroboros Proof-of-Stake consensus to power secure smart contracts and decentralized applications.
This integration is an advancement in our objective to support the 20 largest chains by market capitalization.
Website: https://cardano.org/
StarkNet (February 2026)
Market Daily Volume: $5M+
Stablecoin Market Cap $260M+
TVL: $220M+
StarkNet is an Ethereum Layer-2 validity rollup developed by StarkWare that uses STARK cryptographic proofs to batch transactions off-chain and verify them on Ethereum, enabling high throughput at sub-$0.001 fees.
Website: https://www.starknet.io/
Product Updates
Transaction Payload Signing
We now offer two signature schemes that let integrators cryptographically verify that swap payloads originate from SwapKit and have not been tampered with:
- ES256 (payload signatures) – When transaction data is included in a swap response, we sign the serialized payload with ECDSA P-256 (JWS standard).
- SLIP-24 (standardized payment request) – We sign a structured payment request covering the sell amount, destination address, and expected buy asset and amount per the SLIP-24 spec. Hardware wallets can verify on-device that the swap parameters match what the user approved, preventing man-in-the-middle tampering.
Both schemes use per-API-key signing keys encrypted securely in Google Cloud KMS. Verification is fully client-side, with no callback to SwapKit required. This enables SwapKit for new partnerships with security-focused integrators such as hardware wallet manufacturers.
Garden Protocol
SwapKit Supported chains: BTC, ETH, BSC, BASE, ARB, SOL
Garden Protocol is a decentralized Bitcoin bridge that enables fast, trust-minimized cross-chain BTC swaps with zero custody risk, completing transfers in roughly 30 seconds. It uses Hashed TimeLocked Contracts (HTLCs) to eliminate third-party custodians, letting users retain full control of their assets.
This integration provides faster swaps and more provider diversity for our most important trading pairs.
Website: https://garden.finance/
Partner’s Dashboard V2 Release
SwapKit’s self-service portal gives customers full control over their integration setup from day one. It allows to define custom fees, monitor live metrics like swap volume, revenue, and API usage, and manage everything from a single intuitive dashboard.
Chainflip Vault Swaps
SwapKit now supports Chainflip Vault Swaps, giving integrators a faster way to initiate cross-chain swaps via direct vault deposits. Instead of waiting for deposit channel finality, swap payloads are ready for user submission almost instantly – with the same features and security you’d expect from Chainflip’s validator-secured infrastructure.
Near-Intents Activations
We activated 4 additional chains for the Near-Intents provider: Cardano, Dash, StarkNet and XLayer.
We also worked with the Ledger Wallet team to enable SUI and ZCash via Near-Intents, making SwapKit the first provider to support ZCash trading in Ledger Wallet.
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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