Total Value Locked$355,280
TVL by Chain
Ethereum$355,280
Key Metrics
DEX Volume 30d$659,909
DEX Volume 30d by chain
Ethereum$659,909
DEX Volume 7d$60,042
Ethereum$60,042
DEX Volume 24h$3,640
Ethereum$3,640
Cumulative DEX Volume$462.73m
Ethereum$462.73m
Protocol Information
Trade, raise, and launch on Ethereum Layer 1. Purpose-built for Mainnet and owned by its community, Cypher is the engine of Ethereum Capital Markets.
Sub Category: CLMM
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubDEX Volume: Swap volume across the Cypher V4 (Algebra Integral) pools created by the Cypher factory on Ethereum, excluding pools launched through third-party custom deployers.View code on GitHubCompetitors
Cypher V4 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 24, 2025 to Oct 27, 2026.
All-time high TVL: $7.19m on Jan 16, 2026. All-time low TVL: $349,086 on Oct 27, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $797,372 |
| Sep 29, 2026 | $791,016 |
| Sep 30, 2026 | $779,070 |
| Oct 1, 2026 | $780,094 |
| Oct 2, 2026 | $733,988 |
| Oct 3, 2026 | $721,619 |
| Oct 4, 2026 | $716,657 |
| Oct 5, 2026 | $710,663 |
| Oct 6, 2026 | $570,478 |
| Oct 7, 2026 | $706,362 |
| Oct 8, 2026 | $673,799 |
| Oct 9, 2026 | $653,517 |
| Oct 10, 2026 | $658,491 |
| Oct 11, 2026 | $665,279 |
| Oct 12, 2026 | $676,203 |
| Oct 13, 2026 | $638,807 |
| Oct 14, 2026 | $657,348 |
| Oct 15, 2026 | $638,561 |
| Oct 16, 2026 | $614,289 |
| Oct 17, 2026 | $607,915 |
| Oct 18, 2026 | $605,019 |
| Oct 19, 2026 | $606,536 |
| Oct 20, 2026 | $604,915 |
| Oct 21, 2026 | $614,870 |
| Oct 22, 2026 | $611,026 |
| Oct 23, 2026 | $364,172 |
| Oct 24, 2026 | $357,733 |
| Oct 25, 2026 | $363,042 |
| Oct 26, 2026 | $349,894 |
| Oct 27, 2026 | $349,086 |
TVL at each month end, Nov 2025 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $6.67m |
| Dec 31, 2025 | $6.62m |
| Jan 31, 2026 | $3.21m |
| Feb 28, 2026 | $1.62m |
| Mar 31, 2026 | $1.42m |
| Apr 30, 2026 | $1.48m |
| May 31, 2026 | $1.26m |
| Jun 30, 2026 | $916,331 |
| Jul 31, 2026 | $909,035 |
| Aug 31, 2026 | $967,417 |
| Sep 30, 2026 | $779,070 |
| Oct 27, 2026 (latest) | $349,086 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cypher-v4
Frequently asked questions
What is Cypher V4's TVL?
As of Oct 27, 2026, Cypher V4 has $355,280 in total value locked. TVL has decreased 56.2% over the past 30 days.
What chains does Cypher V4 operate on?
Cypher V4 operates on Ethereum. Ethereum holds the largest share at 100%.
How does Cypher V4's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Cypher V4 ranks #373 by TVL. The category holds $13.507b across 1,923 protocols, and Cypher V4 accounts for <0.1% of that total. Similar protocols include Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, Uniswap V2, PancakeSwap AMM V3, Fluid DEX, Aero Slipstream, THORChain DEX, and Aero Basic.
How much trading volume does Cypher V4 process?
Cypher V4 processed $659,909 in DEX volume over the past 30 days.