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    SwapX V2

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    TL;DR

    SwapX, Sonic's native DEX, leverages Algebra V4 for advanced concentrated liquidity management and ve(3,3) tokenomics while pioneering modular DeFi with plugin technology

    Dossier

    ## Overview SwapX V2 is the native decentralized exchange (DEX) built on the Sonic blockchain. It serves as the primary liquidity hub for the Sonic ecosystem, enabling users to swap tokens, provide liquidity, and participate in DeFi protocols without intermediaries. SwapX V2 distinguishes itself through its implementation of Algebra V4, a next-generation concentrated liquidity protocol that gives liquidity providers fine-grained control over capital deployment. Rather than relying on traditional constant-product formulas, SwapX V2 allows LPs to specify price ranges for their capital, improving