Ask about Pangolin · freeTotal Value Locked$2.09m
TVL by Chain
Avalanche$2.06m
Hedera$24,061
Flare$1,679
Monad$1,443
Songbird$0
Key Metrics
Fees 30d$10,960
Fees 30d by chain
Avalanche$10,958
Monad$2.27
Fees 7d$1,473
Avalanche$1,473
Monad$0.04
Fees 24h$173
Avalanche$173
Monad$0
Cumulative Fees$54.19m
Avalanche$54.18m
Monad$4,065
Revenue 30d$1,874
Revenue 30d by chain
Avalanche$1,874
Monad$0.43
Revenue 7d$252.51
Avalanche$252.51
Monad$0
Revenue 24h$29.59
Avalanche$29.59
Monad$0
Cumulative Revenue$9.03m
Avalanche$9.03m
Monad$813.51
Holders Revenue 30d$1,488
Holders Revenue 30d by chain
Avalanche$1,488
Monad$0.21
Holders Revenue 7d$198.90
Avalanche$198.90
Monad$0
Holders Revenue 24h$23.37
Avalanche$23.37
Monad$0
Cumulative Holders Revenue$7.67m
Avalanche$7.67m
Monad$405.20
DEX Volume 30d$21.74m
DEX Volume 30d by chain
Avalanche$21.73m
Monad$14,427
DEX Volume 7d$3.01m
Avalanche$3.01m
Monad$443.71
DEX Volume 24h$429,925
Avalanche$429,909
Monad$16
Cumulative DEX Volume$19.301b
Avalanche$19.298b
Monad$2.93m
Market Cap$6.04m
$PNG Price$0.025
Fully Diluted Valuation$13.57m
$PNG Volume 24h$433,984
CEX Volume$95,519
DEX Volume$343,947(79.25% of total)
Staked$356,316(5.9% of mcap)
Protocol Information
Pangolin is a decentralized exchange (DEX) launched in 2021 by AvaLabs
- Pangolin V2Dexs
- Pangolin V3Dexs
Yields
Pools Tracked26
Average Supply APY1.31%
User Activity
Active Addresses (24h)9
New Addresses (24h)2
Transactions (24h)64
Gas Used (24h)0.04 AVAX
Gas Cost (24h)$0.35
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Competitors
Pangolin history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Feb 10, 2021 to Oct 28, 2026.
All-time high TVL: $483.75m on Nov 22, 2021. All-time low TVL: $1.6m on Jun 26, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $2.48m |
| Sep 30, 2026 | $2.53m |
| Oct 1, 2026 | $2.47m |
| Oct 2, 2026 | $2.49m |
| Oct 3, 2026 | $2.45m |
| Oct 4, 2026 | $2.5m |
| Oct 5, 2026 | $2.51m |
| Oct 6, 2026 | $2.5m |
| Oct 7, 2026 | $2.57m |
| Oct 8, 2026 | $2.48m |
| Oct 9, 2026 | $2.35m |
| Oct 10, 2026 | $2.38m |
| Oct 11, 2026 | $2.39m |
| Oct 12, 2026 | $2.47m |
| Oct 13, 2026 | $2.31m |
| Oct 14, 2026 | $2.34m |
| Oct 15, 2026 | $2.28m |
| Oct 16, 2026 | $2.29m |
| Oct 17, 2026 | $2.27m |
| Oct 18, 2026 | $2.22m |
| Oct 19, 2026 | $2.21m |
| Oct 20, 2026 | $2.19m |
| Oct 21, 2026 | $2.21m |
| Oct 22, 2026 | $2.21m |
| Oct 23, 2026 | $2.12m |
| Oct 24, 2026 | $2.11m |
| Oct 25, 2026 | $2.09m |
| Oct 26, 2026 | $2.08m |
| Oct 27, 2026 | $2.08m |
| Oct 28, 2026 | $2.08m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $12.56m |
| Dec 31, 2024 | $9.94m |
| Jan 31, 2025 | $9m |
| Feb 28, 2025 | $6.16m |
| Mar 31, 2025 | $4.35m |
| Apr 30, 2025 | $4.69m |
| May 31, 2025 | $4.66m |
| Jun 30, 2025 | $4.27m |
| Jul 31, 2025 | $4.71m |
| Aug 31, 2025 | $5.83m |
| Sep 30, 2025 | $6.58m |
| Oct 31, 2025 | $4.66m |
| Nov 30, 2025 | $3.53m |
| Dec 31, 2025 | $2.8m |
| Jan 31, 2026 | $2.86m |
| Feb 28, 2026 | $2.24m |
| Mar 31, 2026 | $2.13m |
| Apr 30, 2026 | $2.29m |
| May 31, 2026 | $2.62m |
| Jun 30, 2026 | $1.67m |
| Jul 31, 2026 | $1.66m |
| Aug 31, 2026 | $1.9m |
| Sep 30, 2026 | $2.53m |
| Oct 28, 2026 (latest) | $2.08m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $312.72m |
| Dec 31, 2022 | $24.98m |
| Dec 31, 2023 | $33.26m |
| Dec 31, 2024 | $9.94m |
| Dec 31, 2025 | $2.8m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $70,918 | $11,817 | $10,049 |
| Dec 2024 | $93,834 | $15,642 | $13,293 |
| Jan 2025 | $38,226 | $6,374 | $5,416 |
| Feb 2025 | $39,952 | $6,658 | $5,659 |
| Mar 2025 | $38,837 | $6,473 | $5,499 |
| Apr 2025 | $19,632 | $3,266 | $2,776 |
| May 2025 | $31,128 | $5,214 | $4,376 |
| Jun 2025 | $20,461 | $3,471 | $2,824 |
| Jul 2025 | $25,292 | $4,276 | $3,506 |
| Aug 2025 | $25,268 | $4,341 | $3,417 |
| Sep 2025 | $34,387 | $5,972 | $4,569 |
| Oct 2025 | $37,876 | $6,791 | $4,767 |
| Nov 2025 | $31,559 | $5,791 | $3,803 |
| Dec 2025 | $20,699 | $3,801 | $2,487 |
| Jan 2026 | $14,458 | $2,597 | $1,816 |
| Feb 2026 | $11,887 | $2,166 | $1,461 |
| Mar 2026 | $13,839 | $2,544 | $1,667 |
| Apr 2026 | $9,590 | $1,714 | $1,203 |
| May 2026 | $11,791 | $2,170 | $1,414 |
| Jun 2026 | $12,917 | $2,391 | $1,532 |
| Jul 2026 | $6,664 | $1,197 | $833.13 |
| Aug 2026 | $5,783 | $1,036 | $731.82 |
| Sep 2026 | $18,460 | $3,174 | $2,494 |
| Oct 2026 (to date) | $8,362 | $1,431 | $1,135 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pangolin
Frequently asked questions
What is Pangolin's TVL?
As of Oct 28, 2026, Pangolin has $2.09m in total value locked. TVL has decreased 15.8% over the past 30 days.
What chains does Pangolin operate on?
Pangolin operates on 5 chains: Avalanche, Hedera, Flare, Songbird, and Monad. Avalanche holds the largest share at 98.7%.
How much has Pangolin generated in fees and revenue?
Over the past 30 days, Pangolin generated $10,960 in fees. Of that, $1,874 was protocol revenue. Based on the trailing year, the annualized rate is $170,001 in fees and $30,762 in revenue.
What is the PNG token price and valuation?
PNG is currently trading at $0.025. Its circulating market capitalization is $6.04m, ranking it #1,946. Its fully diluted valuation is $13.57m. Supply currently stands at 239.39m circulating, 538m total supply, 538m maximum supply.
How has PNG performed recently?
PNG is down 12.1% over the past 7 days and down 19.8% over the past 30 days. Its all-time high is $18.85, reached on Feb 19, 2021. The token is currently 99.9% below that level.
How does Pangolin's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Pangolin ranks #168 by TVL. The category holds $13.485b across 1,922 protocols, and Pangolin accounts for <0.1% of that total. Similar protocols include Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, Metric V1, Balancer V3, Joe DEX, Enosys AMM V3, WOOFi Swap, and Joe V2.2.
How much trading volume does Pangolin process?
Pangolin processed $21.74m in DEX volume over the past 30 days.