Hercules V2(TORCH)
Total Value Locked$14,555
TVL by Chain
Metis$14,555
Key Metrics
Fees 30d$11.41
Fees 30d by chain
Metis$11.41
Fees 7d$3.51
Metis$3.51
Fees 24h$0.12
Metis$0.12
Cumulative Fees$38,534
Metis$38,534
Revenue 30d$4.54
Revenue 30d by chain
Metis$4.54
Revenue 7d$1.40
Metis$1.40
Revenue 24h$0.05
Metis$0.05
Cumulative Revenue$15,403
Metis$15,403
Holders Revenue 30d$3.99
Holders Revenue 30d by chain
Metis$3.99
Holders Revenue 7d$1.23
Metis$1.23
Holders Revenue 24h$0.04
Metis$0.04
Cumulative Holders Revenue$13,463
Metis$13,463
DEX Volume 30d$3,139
DEX Volume 30d by chain
Metis$3,139
DEX Volume 7d$1,053
Metis$1,053
DEX Volume 24h$30
Metis$30
Cumulative DEX Volume$21.07m
Metis$21.07m
Protocol Information
Bringing composability and custom liquidity to Metis.
Sub Category: AMM
Methodology
TVL: Value of the tokens locked in the liquidity pools.View code on GitHubFees: Trading fees collected on all swapsView code on GitHubRevenue: 5% goes to protocol treasury, 35% distributed to HERC token holdersView code on GitHubHolders Revenue: Money going to governance token holdersView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Hercules V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 25, 2024 to Oct 27, 2026.
All-time high TVL: $1.01m on Dec 7, 2024. All-time low TVL: $3,433 on Mar 25, 2024.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $15,609 |
| Sep 29, 2026 | $15,101 |
| Sep 30, 2026 | $14,840 |
| Oct 1, 2026 | $14,765 |
| Oct 2, 2026 | $14,746 |
| Oct 3, 2026 | $14,742 |
| Oct 4, 2026 | $14,793 |
| Oct 5, 2026 | $14,839 |
| Oct 6, 2026 | $14,911 |
| Oct 7, 2026 | $15,118 |
| Oct 8, 2026 | $14,547 |
| Oct 9, 2026 | $14,511 |
| Oct 10, 2026 | $14,697 |
| Oct 11, 2026 | $14,717 |
| Oct 12, 2026 | $15,607 |
| Oct 13, 2026 | $15,425 |
| Oct 14, 2026 | $15,609 |
| Oct 15, 2026 | $15,241 |
| Oct 16, 2026 | $15,858 |
| Oct 17, 2026 | $16,268 |
| Oct 18, 2026 | $15,928 |
| Oct 19, 2026 | $15,734 |
| Oct 20, 2026 | $16,187 |
| Oct 21, 2026 | $16,271 |
| Oct 22, 2026 | $16,280 |
| Oct 23, 2026 | $15,955 |
| Oct 24, 2026 | $15,648 |
| Oct 25, 2026 | $15,066 |
| Oct 26, 2026 | $14,805 |
| Oct 27, 2026 | $14,553 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $698,414 |
| Dec 31, 2024 | $749,025 |
| Jan 31, 2025 | $534,364 |
| Feb 28, 2025 | $419,088 |
| Mar 31, 2025 | $235,760 |
| Apr 30, 2025 | $62,085 |
| May 31, 2025 | $66,881 |
| Jun 30, 2025 | $58,632 |
| Jul 31, 2025 | $43,589 |
| Aug 31, 2025 | $42,067 |
| Sep 30, 2025 | $38,862 |
| Oct 31, 2025 | $31,140 |
| Nov 30, 2025 | $27,698 |
| Dec 31, 2025 | $22,867 |
| Jan 31, 2026 | $20,979 |
| Feb 28, 2026 | $16,225 |
| Mar 31, 2026 | $14,715 |
| Apr 30, 2026 | $14,869 |
| May 31, 2026 | $13,673 |
| Jun 30, 2026 | $12,361 |
| Jul 31, 2026 | $12,291 |
| Aug 31, 2026 | $11,216 |
| Sep 30, 2026 | $14,840 |
| Oct 27, 2026 (latest) | $14,553 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $749,025 |
| Dec 31, 2025 | $22,867 |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $1,113 | $444 | $388 |
| Dec 2024 | $1,709 | $683 | $594 |
| Jan 2025 | $3,281 | $1,313 | $1,150 |
| Feb 2025 | $1,056 | $423 | $368 |
| Mar 2025 | $943 | $377 | $330 |
| Apr 2025 | $400 | $163 | $138 |
| May 2025 | $664 | $264 | $230 |
| Jun 2025 | $410 | $164 | $146 |
| Jul 2025 | $105 | $40 | $38 |
| Aug 2025 | $66 | $26 | $24 |
| Sep 2025 | $38 | $13 | $7 |
| Oct 2025 | $94 | $39 | $34 |
| Nov 2025 | $77 | $31 | $25 |
| Dec 2025 | $48 | $17 | $14 |
| Jan 2026 | $38 | $13 | $9 |
| Feb 2026 | $26 | $6 | $5 |
| Mar 2026 | $7 | $0 | $0 |
| Apr 2026 | $21 | $8 | $7 |
| May 2026 | $5.27 | $2.09 | $1.84 |
| Jun 2026 | $7.62 | $3.05 | $2.66 |
| Jul 2026 | $3.76 | $1.47 | $1.31 |
| Aug 2026 | $5.66 | $2.28 | $1.99 |
| Sep 2026 | $9.12 | $3.64 | $3.19 |
| Oct 2026 (to date) | $10.25 | $4.09 | $3.58 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hercules-v2
Frequently asked questions
What is Hercules V2's TVL?
As of Oct 27, 2026, Hercules V2 has $14,555 in total value locked. TVL has decreased 2.6% over the past 30 days.
What chains does Hercules V2 operate on?
Hercules V2 operates on Metis. Metis holds the largest share at 100%.
How much has Hercules V2 generated in fees and revenue?
Over the past 30 days, Hercules V2 generated $11.41 in fees. Of that, $4.54 was protocol revenue. Based on the trailing year, the annualized rate is $271.56 in fees and $96.57 in revenue.
How does Hercules V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Hercules V2 ranks #952 by TVL. The category holds $13.498b across 1,923 protocols, and Hercules V2 accounts for <0.1% of that total. Similar protocols include SushiSwap V3, SushiSwap, NetSwap, HyperJump, WAGMI, Tethys AMM, Elk, Hercules V3, WOWswap, and Standard Protocol Shiden.
How much trading volume does Hercules V2 process?
Hercules V2 processed $3,139 in DEX volume over the past 30 days.