Ask about MetalSwap · freeTotal Value Locked$7,411
TVL by Chain
Linea$4,143
Ethereum$2,121
OP Mainnet$1,146
BSC$0
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Market Cap$0
$XMT Price$0.01
Fully Diluted Valuation$20.34m
$XMT Volume 24h$82.19
CEX Volume$0
DEX Volume$127.21(154.78% of total)
Staked$101,023
Protocol Information
MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing a coverage to those who work with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
MetalSwap history
TVL is the default DefiLlama definition, which excludes Staking and Pool2. Daily values are UTC snapshots from Jul 28, 2022 to Oct 27, 2026.
All-time high TVL: $1.17m on Dec 17, 2024. All-time low TVL: $6,076 on Aug 13, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $7,808 |
| Sep 29, 2026 | $7,779 |
| Sep 30, 2026 | $7,797 |
| Oct 1, 2026 | $7,816 |
| Oct 2, 2026 | $7,835 |
| Oct 3, 2026 | $7,795 |
| Oct 4, 2026 | $7,814 |
| Oct 5, 2026 | $7,854 |
| Oct 6, 2026 | $7,837 |
| Oct 7, 2026 | $7,819 |
| Oct 8, 2026 | $7,680 |
| Oct 9, 2026 | $7,590 |
| Oct 10, 2026 | $7,652 |
| Oct 11, 2026 | $7,665 |
| Oct 12, 2026 | $7,702 |
| Oct 13, 2026 | $7,556 |
| Oct 14, 2026 | $7,685 |
| Oct 15, 2026 | $7,571 |
| Oct 16, 2026 | $7,590 |
| Oct 17, 2026 | $7,576 |
| Oct 18, 2026 | $7,543 |
| Oct 19, 2026 | $7,560 |
| Oct 20, 2026 | $7,518 |
| Oct 21, 2026 | $7,576 |
| Oct 22, 2026 | $7,578 |
| Oct 23, 2026 | $7,498 |
| Oct 24, 2026 | $7,464 |
| Oct 25, 2026 | $7,435 |
| Oct 26, 2026 | $7,394 |
| Oct 27, 2026 | $7,401 |
TVL at each month end, Oct 2024 to Oct 2026
| Date | TVL |
|---|---|
| Oct 31, 2024 | $879,555 |
| Nov 30, 2024 | $1.08m |
| Dec 31, 2024 | $1.04m |
| Jan 31, 2025 | $1.09m |
| Feb 28, 2025 | $734,844 |
| Mar 31, 2025 | $183,929 |
| Apr 30, 2025 | $189,492 |
| May 31, 2025 | $205,215 |
| Jun 30, 2025 | $206,158 |
| Jul 31, 2025 | $249,974 |
| Aug 31, 2025 | $263,981 |
| Sep 30, 2025 | $261,472 |
| Oct 31, 2025 | $244,769 |
| Nov 30, 2025 | $212,941 |
| Dec 31, 2025 | $209,009 |
| Jan 20, 2026 | $217,853 |
| Mar 31, 2026 | $106,541 |
| Apr 30, 2026 | $7,477 |
| May 31, 2026 | $7,258 |
| Jun 30, 2026 | $6,685 |
| Jul 31, 2026 | $6,999 |
| Aug 31, 2026 | $7,559 |
| Sep 30, 2026 | $7,797 |
| Oct 27, 2026 (latest) | $7,401 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $438,124 |
| Dec 31, 2023 | $748,907 |
| Dec 31, 2024 | $1.04m |
| Dec 31, 2025 | $209,009 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/metalswap
Frequently asked questions
What is MetalSwap's TVL?
As of Oct 27, 2026, MetalSwap has $7,411 in total value locked. TVL has decreased 5.8% over the past 30 days.
What chains does MetalSwap operate on?
MetalSwap operates on 4 chains: Linea, Ethereum, OP Mainnet, and BSC. Linea holds the largest share at 55.9%.
What is the XMT token price and valuation?
XMT is currently trading at $0.01. Its circulating market capitalization is $0, ranking it #17,826. Its fully diluted valuation is $20.34m. Supply currently stands at 0 circulating, 2b total supply.
How has XMT performed recently?
XMT is up 2.8% over the past 7 days and down 4.7% over the past 30 days. Its all-time high is $1.22, reached on Sep 8, 2022. The token is currently 99.2% below that level.
How does MetalSwap's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, MetalSwap ranks #169 by TVL. The category holds $1.968b across 426 protocols, and MetalSwap accounts for <0.1% of that total. Similar protocols include Contango V2, Lynx, RubyDex, ApeX Pro, Vest Markets, Satori Perp, Everstrike, AZverse Perps, Apex Omni, and Aevo Perps.