Ask about Terraswap · freeTotal Value Locked$322,207
TVL by Chain
Terra Classic$278,173
Terra2$44,035
Key Metrics
Cumulative DEX Volume$30.706b
Cumulative DEX Volume by chain
Terra Classic$30.706b
Protocol Information
Terraswap is a Uniswap-inspired automated market-maker (AMM) protocol implemented with smart contracts on the Terra blockchain. This enables a decentralized on-chain exchange for the various assets involved in Terra ecosystem.
Sub Category: AMM
Methodology
TVL: Liquidity on the DEXView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Terraswap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 13, 2020 to Oct 27, 2026.
All-time high TVL: $2.218b on Dec 27, 2021. All-time low TVL: $289,540 on Apr 3, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $385,552 |
| Sep 29, 2026 | $366,690 |
| Sep 30, 2026 | $365,414 |
| Oct 1, 2026 | $366,390 |
| Oct 2, 2026 | $373,431 |
| Oct 3, 2026 | $367,889 |
| Oct 4, 2026 | $366,965 |
| Oct 5, 2026 | $372,245 |
| Oct 6, 2026 | $371,483 |
| Oct 7, 2026 | $365,135 |
| Oct 8, 2026 | $348,870 |
| Oct 9, 2026 | $339,958 |
| Oct 10, 2026 | $348,404 |
| Oct 11, 2026 | $346,063 |
| Oct 12, 2026 | $347,942 |
| Oct 13, 2026 | $321,461 |
| Oct 14, 2026 | $332,656 |
| Oct 15, 2026 | $322,920 |
| Oct 16, 2026 | $325,183 |
| Oct 17, 2026 | $330,335 |
| Oct 18, 2026 | $328,283 |
| Oct 19, 2026 | $314,742 |
| Oct 20, 2026 | $311,828 |
| Oct 21, 2026 | $324,398 |
| Oct 22, 2026 | $323,715 |
| Oct 23, 2026 | $306,469 |
| Oct 24, 2026 | $316,145 |
| Oct 25, 2026 | $323,891 |
| Oct 26, 2026 | $324,081 |
| Oct 27, 2026 | $322,861 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.58m |
| Dec 31, 2024 | $1.22m |
| Jan 31, 2025 | $953,635 |
| Feb 28, 2025 | $913,887 |
| Mar 31, 2025 | $759,654 |
| Apr 30, 2025 | $781,098 |
| May 31, 2025 | $702,136 |
| Jun 30, 2025 | $788,384 |
| Jul 31, 2025 | $813,435 |
| Aug 31, 2025 | $800,110 |
| Sep 30, 2025 | $676,717 |
| Oct 31, 2025 | $469,048 |
| Nov 30, 2025 | $383,083 |
| Dec 31, 2025 | $404,781 |
| Jan 31, 2026 | $401,064 |
| Feb 28, 2026 | $348,042 |
| Mar 31, 2026 | $296,266 |
| Apr 30, 2026 | $392,309 |
| May 31, 2026 | $421,594 |
| Jun 30, 2026 | $354,114 |
| Jul 31, 2026 | $320,248 |
| Aug 31, 2026 | $332,633 |
| Sep 30, 2026 | $365,414 |
| Oct 27, 2026 (latest) | $322,861 |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $49.86m |
| Dec 31, 2021 | $854.52m |
| Dec 31, 2022 | $2.48m |
| Dec 31, 2023 | $2.24m |
| Dec 31, 2024 | $1.22m |
| Dec 31, 2025 | $404,781 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/terraswap
Frequently asked questions
What is Terraswap's TVL?
As of Oct 27, 2026, Terraswap has $322,207 in total value locked. TVL has decreased 15.7% over the past 30 days.
What chains does Terraswap operate on?
Terraswap operates on 2 chains: Terra Classic and Terra2. Terra Classic holds the largest share at 86.3%.
How does Terraswap's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Terraswap ranks #397 by TVL. The category holds $13.384b across 1,923 protocols, and Terraswap accounts for <0.1% of that total. Similar protocols include Astroport, WESO DeFi, White Whale Dex, CL8Y DEX, GarudaDefi, Terraport, Loop Finance, Phoenix DEX, Ura Dex, and TFM.