Total Value Locked$694,576
TVL by Chain
Aptos$694,576
Key Metrics
Fees 30d$759.16
Fees 30d by chain
Aptos$759.16
Fees 7d$182
Aptos$182
Fees 24h$19
Aptos$19
Cumulative Fees$1.92m
Aptos$1.92m
Revenue 30d$151.52
Revenue 30d by chain
Aptos$151.52
Revenue 7d$36.10
Aptos$36.10
Revenue 24h$3.80
Aptos$3.80
Cumulative Revenue$381,859
Aptos$381,859
DEX Volume 30d$1.23m
DEX Volume 30d by chain
Aptos$1.23m
DEX Volume 7d$266,058
Aptos$266,058
DEX Volume 24h$27,816
Aptos$27,816
Cumulative DEX Volume$4.138b
Aptos$4.138b
Market Cap$756,270
$THL Price$0.01
Fully Diluted Valuation$1.01m
$THL Volume 24h$192.26
CEX Volume$0
DEX Volume$198.92(103.46% of total)
Protocol Information
Thala is a decentralized finance protocol powered by the Move language, enabling seamless borrowing of a decentralized, over-collateralized stablecoin in Move Dollar and capital-efficient liquidity provisioning via a rebalancing AMM on the Aptos blockchain
Sub Category: AMM
Audits:
Methodology
TVL: Aggregates TVL in all pools in Thalaswap, Thala Labs' AMM.View code on GitHubFees: Total swap fees paid by traders (0.05% on stable pools, 0.15% on weighted pools, up to 1% on LBPs), summed from the protocol's trading-fee API.View code on GitHubRevenue: The protocol's cut of swap fees that accrues to the treasury, from the protocol's protocol-revenue API.View code on GitHubDEX Volume: Trading volume across all ThalaSwap pools, summed from the protocol's trading-volume API.View code on GitHubYields
Pools Tracked8
Average Supply APY6.97%
Hacks
Date: Nov 15, 2024
Amount: $25.5m
Classification: Input Validation
Technique: Missing Input Validation
Chains: Aptos
Language: Move
Target Type: DeFi Protocol
Competitors
ThalaSwap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 8, 2023 to Oct 27, 2026.
All-time high TVL: $102.45m on Mar 27, 2024. All-time low TVL: $445,160 on Sep 14, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $826,908 |
| Sep 29, 2026 | $799,826 |
| Sep 30, 2026 | $812,617 |
| Oct 1, 2026 | $807,304 |
| Oct 2, 2026 | $799,082 |
| Oct 3, 2026 | $810,530 |
| Oct 4, 2026 | $816,333 |
| Oct 5, 2026 | $813,051 |
| Oct 6, 2026 | $841,073 |
| Oct 7, 2026 | $827,480 |
| Oct 8, 2026 | $783,691 |
| Oct 9, 2026 | $776,337 |
| Oct 10, 2026 | $820,239 |
| Oct 11, 2026 | $850,550 |
| Oct 12, 2026 | $867,930 |
| Oct 13, 2026 | $811,435 |
| Oct 14, 2026 | $830,647 |
| Oct 15, 2026 | $818,213 |
| Oct 16, 2026 | $822,551 |
| Oct 17, 2026 | $828,272 |
| Oct 18, 2026 | $800,518 |
| Oct 19, 2026 | $788,099 |
| Oct 20, 2026 | $782,845 |
| Oct 21, 2026 | $802,530 |
| Oct 22, 2026 | $567,442 |
| Oct 23, 2026 | $602,416 |
| Oct 24, 2026 | $492,667 |
| Oct 25, 2026 | $708,079 |
| Oct 26, 2026 | $703,208 |
| Oct 27, 2026 | $701,139 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $42.01m |
| Dec 31, 2024 | $36.13m |
| Jan 31, 2025 | $37.93m |
| Feb 28, 2025 | $23.17m |
| Mar 31, 2025 | $19.43m |
| Apr 30, 2025 | $20.13m |
| May 31, 2025 | $17.81m |
| Jun 30, 2025 | $18.47m |
| Jul 31, 2025 | $15.35m |
| Aug 31, 2025 | $15.63m |
| Sep 30, 2025 | $14.88m |
| Oct 31, 2025 | $12.49m |
| Nov 30, 2025 | $9.02m |
| Dec 31, 2025 | $7.63m |
| Jan 31, 2026 | $6.7m |
| Feb 28, 2026 | $4.9m |
| Mar 31, 2026 | $4.85m |
| Apr 30, 2026 | $5.13m |
| May 31, 2026 | $4.71m |
| Jun 30, 2026 | $2.51m |
| Jul 31, 2026 | $628,031 |
| Aug 31, 2026 | $619,878 |
| Sep 30, 2026 | $812,617 |
| Oct 27, 2026 (latest) | $701,139 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $20.11m |
| Dec 31, 2024 | $36.13m |
| Dec 31, 2025 | $7.63m |
Fees and revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2024 | $177,672 | $35,534 |
| Dec 2024 | $65,983 | $13,195 |
| Jan 2025 | $53,852 | $10,773 |
| Feb 2025 | $16,610 | $3,321 |
| Mar 2025 | $10,977 | $2,197 |
| Apr 2025 | $8,415 | $1,662 |
| May 2025 | $8,267 | $1,655 |
| Jun 2025 | $3,968 | $794 |
| Jul 2025 | $5,559 | $1,112 |
| Aug 2025 | $4,600 | $919 |
| Sep 2025 | $3,994 | $799 |
| Oct 2025 | $5,665 | $1,131 |
| Nov 2025 | $2,998 | $601 |
| Dec 2025 | $1,696 | $341 |
| Jan 2026 | $1,723 | $343 |
| Feb 2026 | $1,507 | $302 |
| Mar 2026 | $1,419 | $286 |
| Apr 2026 | $810 | $160 |
| May 2026 | $854.99 | $170.78 |
| Jun 2026 | $1,890 | $376.68 |
| Jul 2026 | $564.09 | $112.24 |
| Aug 2026 | $322.63 | $64.47 |
| Sep 2026 | $680.34 | $136.36 |
| Oct 2026 (to date) | $661.16 | $131.77 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/thalaswap
Frequently asked questions
What is ThalaSwap's TVL?
As of Oct 27, 2026, ThalaSwap has $694,576 in total value locked. TVL has decreased 14% over the past 30 days.
What chains does ThalaSwap operate on?
ThalaSwap operates on Aptos. Aptos holds the largest share at 100%.
How much has ThalaSwap generated in fees and revenue?
Over the past 30 days, ThalaSwap generated $759.16 in fees. Of that, $151.52 was protocol revenue. Based on the trailing year, the annualized rate is $15,803 in fees and $3,161 in revenue.
What is the THL token price and valuation?
THL is currently trading at $0.01. Its circulating market capitalization is $756,270, ranking it #3,706. Its fully diluted valuation is $1.01m. Supply currently stands at 75.16m circulating, 100m total supply, 100m maximum supply.
How has THL performed recently?
THL is up 1.7% over the past 7 days and up 16.7% over the past 30 days. Its all-time high is $3.13, reached on Mar 20, 2024. The token is currently 99.7% below that level.
How does ThalaSwap's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, ThalaSwap ranks #290 by TVL. The category holds $13.44b across 1,923 protocols, and ThalaSwap accounts for <0.1% of that total. Similar protocols include PancakeSwap AMM, Cetus CLMM, Hyperion, LiquidSwap, ThalaSwap V3, ThalaSwap V2, Cellana Finance, Bridgers, Aptoswap, and HoustonSwap.
How much trading volume does ThalaSwap process?
ThalaSwap processed $1.23m in DEX volume over the past 30 days.
Has ThalaSwap ever been exploited?
ThalaSwap has 1 recorded security incident. The most recent incident occurred on Nov 15, 2024 and involved $25.5m. It was classified as Input Validation.