Ask about GammaSwap Protocol · freeTotal Value Locked$393,216
TVL by Chain
Base$207,094
Arbitrum$184,970
Ethereum$1,152
Key Metrics
DEX Volume 30d$165,205
DEX Volume 30d by chain
Arbitrum$110,868
Base$54,335
Ethereum$0.50
DEX Volume 7d$32,490
Arbitrum$18,779
Base$13,711
Ethereum$0
DEX Volume 24h$2,731
Arbitrum$1,471
Base$1,260
Ethereum$0
Cumulative DEX Volume$188.81m
Arbitrum$144.87m
Base$43.67m
Ethereum$274,845
Market Cap$990,728
$GS Price$0.0023
Fully Diluted Valuation$3.7m
$GS Volume 24h$424.64
CEX Volume$0
DEX Volume$163(38.39% of total)
Staked$118,362(11.95% of mcap)
Treasury$450,274
Majors$269,823
Stablecoins$52,599
Own Tokens$127,421
Others$430.34
Total Raised$1.7m
Feb 6, 2023$1.7mRound: SeedInvestors: Skycatcher, Dialectic, Space Whale Capital, Modular Capital, Portico Ventures, Ouroboros Capital, Owl Ventures, RenGen.io, Manifold Trading, Coinflip Canada, GMX, bizyugo, 0x_d24, DanDefiEd
Protocol Information
A novel primitive for scaling DeFi liquidity through permissionless risk markets
- DeltaSwapDexs
- GammaSwap Open InterestOptions
- GammaSwap ClassicDerivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
DEX Volume: Volume of all spot token swaps on the DEX
Yields
Pools Tracked9
Average Supply APY2.09%
GammaSwap Protocol history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Sep 20, 2023 to Oct 28, 2026.
All-time high TVL: $32.55m on Aug 14, 2025. All-time low TVL: $71 on Sep 20, 2023.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $533,906 |
| Sep 30, 2026 | $520,203 |
| Oct 1, 2026 | $522,222 |
| Oct 2, 2026 | $523,753 |
| Oct 3, 2026 | $520,040 |
| Oct 4, 2026 | $522,822 |
| Oct 5, 2026 | $516,500 |
| Oct 6, 2026 | $515,278 |
| Oct 7, 2026 | $483,674 |
| Oct 8, 2026 | $441,293 |
| Oct 9, 2026 | $429,260 |
| Oct 10, 2026 | $430,540 |
| Oct 11, 2026 | $433,867 |
| Oct 12, 2026 | $437,349 |
| Oct 13, 2026 | $422,970 |
| Oct 14, 2026 | $432,830 |
| Oct 15, 2026 | $417,625 |
| Oct 16, 2026 | $420,880 |
| Oct 17, 2026 | $403,498 |
| Oct 18, 2026 | $402,309 |
| Oct 19, 2026 | $400,892 |
| Oct 20, 2026 | $400,721 |
| Oct 21, 2026 | $406,023 |
| Oct 22, 2026 | $406,434 |
| Oct 23, 2026 | $398,890 |
| Oct 24, 2026 | $395,938 |
| Oct 25, 2026 | $394,598 |
| Oct 26, 2026 | $389,970 |
| Oct 27, 2026 | $390,177 |
| Oct 28, 2026 | $391,325 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $8.73m |
| Dec 31, 2024 | $13.11m |
| Jan 31, 2025 | $11.65m |
| Feb 28, 2025 | $11.32m |
| Mar 31, 2025 | $8.78m |
| Apr 30, 2025 | $10.07m |
| May 31, 2025 | $12.13m |
| Jun 30, 2025 | $11.48m |
| Jul 31, 2025 | $18.06m |
| Aug 31, 2025 | $27.31m |
| Sep 30, 2025 | $22.25m |
| Oct 31, 2025 | $16.79m |
| Nov 30, 2025 | $8.91m |
| Dec 31, 2025 | $7.59m |
| Jan 31, 2026 | $6.07m |
| Feb 28, 2026 | $2.76m |
| Mar 31, 2026 | $2.48m |
| Apr 30, 2026 | $2.45m |
| May 31, 2026 | $2.46m |
| Jun 30, 2026 | $1.39m |
| Jul 31, 2026 | $1.32m |
| Aug 31, 2026 | $992,750 |
| Sep 30, 2026 | $520,203 |
| Oct 28, 2026 (latest) | $391,325 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $78,445 |
| Dec 31, 2024 | $13.11m |
| Dec 31, 2025 | $7.59m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/gammaswap-protocol
Frequently asked questions
What is GammaSwap Protocol's TVL?
As of Oct 28, 2026, GammaSwap Protocol has $393,216 in total value locked. TVL has decreased 28.2% over the past 30 days.
What chains does GammaSwap Protocol operate on?
GammaSwap Protocol operates on 3 chains: Arbitrum, Base, and Ethereum. Base holds the largest share at 52.7%.
What is the GS token price and valuation?
GS is currently trading at $0.0023. Its circulating market capitalization is $988,101, ranking it #3,670. Its fully diluted valuation is $3.69m. Supply currently stands at 428.53m circulating, 1.6b total supply, 1.6b maximum supply.
How has GS performed recently?
GS is up 10.2% over the past 7 days and down 0.1% over the past 30 days. Its all-time high is $0.37, reached on Dec 4, 2024. The token is currently 99.4% below that level.
Which protocols are included in GammaSwap Protocol?
GammaSwap Protocol is a parent protocol whose tracked products include DeltaSwap, GammaSwap Yield Tokens, GammaSwap Open Interest, and GammaSwap Classic.
How much trading volume does GammaSwap Protocol process?
GammaSwap Protocol processed $165,205 in DEX volume over the past 30 days.
Does GammaSwap Protocol have a treasury?
GammaSwap Protocol has a tracked treasury currently valued at $450,274. Its holdings include $52,599 in stablecoins, $269,823 in major assets, $127,421 in its own tokens, $430.34 in other assets.