Ask about MerlinSwap · freeTotal Value Locked$5.92m
TVL by Chain
Merlin$5.92m
Key Metrics
DEX Volume 30d$0
DEX Volume 30d by chain
Merlin$0
Cumulative DEX Volume$1.25b
Merlin$1.25b
Market Cap$314,722
$MP Price$0.0001
Fully Diluted Valuation$2.1m
$MP Volume 24h$22.86
CEX Volume$0
DEX Volume$274.69(1,201.62% of total)
Protocol Information
MerlinSwap is an innovative and highly capital efficient DEX built to support the Merlin ecosystem.
Sub Category: AMM
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
MerlinSwap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 28, 2024 to Oct 27, 2026.
All-time high TVL: $157.15m on Jul 2, 2024. All-time low TVL: $4.98m on Mar 10, 2024.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $8.82m |
| Sep 29, 2026 | $7.02m |
| Sep 30, 2026 | $7.22m |
| Oct 1, 2026 | $8.7m |
| Oct 2, 2026 | $8.3m |
| Oct 3, 2026 | $8.34m |
| Oct 4, 2026 | $8.6m |
| Oct 5, 2026 | $8.5m |
| Oct 6, 2026 | $7.96m |
| Oct 7, 2026 | $7.16m |
| Oct 8, 2026 | $6.58m |
| Oct 9, 2026 | $6.73m |
| Oct 10, 2026 | $6.9m |
| Oct 11, 2026 | $6.98m |
| Oct 12, 2026 | $7.07m |
| Oct 13, 2026 | $6.94m |
| Oct 14, 2026 | $6.71m |
| Oct 15, 2026 | $6.23m |
| Oct 16, 2026 | $6.58m |
| Oct 17, 2026 | $6.11m |
| Oct 18, 2026 | $6.48m |
| Oct 19, 2026 | $6.31m |
| Oct 20, 2026 | $5.83m |
| Oct 21, 2026 | $8.64m |
| Oct 22, 2026 | $8.1m |
| Oct 23, 2026 | $8.63m |
| Oct 24, 2026 | $8.51m |
| Oct 25, 2026 | $8.77m |
| Oct 26, 2026 | $6.56m |
| Oct 27, 2026 | $5.71m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $32m |
| Dec 31, 2024 | $44.15m |
| Jan 31, 2025 | $31.69m |
| Feb 28, 2025 | $46.02m |
| Mar 31, 2025 | $20.43m |
| Apr 30, 2025 | $16.41m |
| May 31, 2025 | $25.09m |
| Jun 25, 2025 | $24.26m |
| Jul 31, 2025 | $26.55m |
| Aug 31, 2025 | $24.41m |
| Sep 30, 2025 | $27.69m |
| Oct 31, 2025 | $26.24m |
| Nov 30, 2025 | $22.68m |
| Dec 31, 2025 | $22.02m |
| Jan 31, 2026 | $18.29m |
| Feb 28, 2026 | $14.12m |
| Mar 31, 2026 | $14.19m |
| Apr 30, 2026 | $6.07m |
| May 31, 2026 | $8.09m |
| Jun 30, 2026 | $6.48m |
| Jul 31, 2026 | $6.96m |
| Aug 31, 2026 | $6.96m |
| Sep 30, 2026 | $7.22m |
| Oct 27, 2026 (latest) | $5.71m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $44.15m |
| Dec 31, 2025 | $22.02m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/merlinswap
Frequently asked questions
What is MerlinSwap's TVL?
As of Oct 27, 2026, MerlinSwap has $5.92m in total value locked. TVL has decreased 33.4% over the past 30 days.
What chains does MerlinSwap operate on?
MerlinSwap operates on Merlin. Merlin holds the largest share at 100%.
What is the MP token price and valuation?
MP is currently trading at $0.0001. Its circulating market capitalization is $314,722, ranking it #4,696. Its fully diluted valuation is $2.1m. Supply currently stands at 3.15b circulating, 21b total supply, 21b maximum supply.
How has MP performed recently?
MP is up 18.2% over the past 7 days and down 14.9% over the past 30 days. Its all-time high is $0.0097, reached on Apr 3, 2024. The token is currently 99% below that level.
How does MerlinSwap's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, MerlinSwap ranks #101 by TVL. The category holds $13.44b across 1,923 protocols, and MerlinSwap accounts for <0.1% of that total. Similar protocols include DyorSwap AMM, BitGenie AMM, Influpia, Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, Raydium AMM, Uniswap V2, and PancakeSwap AMM V3.
How much trading volume does MerlinSwap process?
MerlinSwap processed $0 in DEX volume over the past 30 days.