Total Value Locked$501,723
TVL by Chain
Aptos$501,723
Key Metrics
Cumulative Fees$3.43m
Cumulative Fees by chain
Aptos$3.43m
Cumulative Revenue$1.71m
Cumulative Revenue by chain
Aptos$1.71m
Cumulative DEX Volume$8.683b
Cumulative DEX Volume by chain
Aptos$8.683b
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
Methodology
TVL: Aggregates TVL in all pools in Thalaswap, Thala Labs' AMM.View code on GitHubFees: Swap fees paid by usersView code on GitHubRevenue: Percentage of swap fees going to treasury and/or token holdersView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubYields
Pools Tracked8
Average Supply APY0%
Competitors
ThalaSwap V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 8, 2024 to Oct 27, 2026.
All-time high TVL: $87.96m on May 12, 2025. All-time low TVL: $460 on Nov 18, 2024.
Daily TVL, Jun 23, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Jun 23, 2026 | $607,887 |
| Jun 24, 2026 | $596,796 |
| Jun 25, 2026 | $585,545 |
| Jun 26, 2026 | $577,199 |
| Jun 27, 2026 | $579,978 |
| Jun 28, 2026 | $581,646 |
| Aug 23, 2026 | $603,262 |
| Aug 24, 2026 | $598,802 |
| Aug 25, 2026 | $600,998 |
| Aug 26, 2026 | $586,042 |
| Oct 8, 2026 | $539,489 |
| Oct 9, 2026 | $528,720 |
| Oct 10, 2026 | $544,236 |
| Oct 11, 2026 | $552,583 |
| Oct 12, 2026 | $560,703 |
| Oct 13, 2026 | $533,883 |
| Oct 14, 2026 | $539,199 |
| Oct 15, 2026 | $530,212 |
| Oct 16, 2026 | $533,156 |
| Oct 17, 2026 | $530,752 |
| Oct 18, 2026 | $520,397 |
| Oct 19, 2026 | $518,345 |
| Oct 20, 2026 | $512,699 |
| Oct 21, 2026 | $531,504 |
| Oct 22, 2026 | $534,590 |
| Oct 23, 2026 | $515,806 |
| Oct 24, 2026 | $513,656 |
| Oct 25, 2026 | $507,981 |
| Oct 26, 2026 | $501,277 |
| Oct 27, 2026 | $498,502 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $312,108 |
| Dec 31, 2024 | $402,718 |
| Jan 31, 2025 | $6.58m |
| Feb 28, 2025 | $37.79m |
| Mar 2, 2025 | $38.96m |
| Apr 30, 2025 | $59.84m |
| May 31, 2025 | $82.67m |
| Jun 30, 2025 | $66.82m |
| Jul 31, 2025 | $55.57m |
| Aug 31, 2025 | $41.5m |
| Sep 30, 2025 | $38.79m |
| Oct 7, 2025 | $44.12m |
| Nov 30, 2025 | $10.63m |
| Dec 31, 2025 | $5.91m |
| Jan 31, 2026 | $1.08m |
| Feb 28, 2026 | $871,553 |
| Mar 31, 2026 | $835,412 |
| Apr 30, 2026 | $694,747 |
| May 31, 2026 | $667,412 |
| Jun 28, 2026 | $581,646 |
| Aug 26, 2026 | $586,042 |
| Oct 27, 2026 (latest) | $498,502 |
Fees and revenue by UTC calendar month, Nov 2024 to May 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2024 | $4,853 | $2,401 |
| Dec 2024 | $39,574 | $19,786 |
| Jan 2025 | $55,691 | $27,846 |
| Feb 2025 | $147,816 | $73,906 |
| Mar 2025 | $240,812 | $120,405 |
| Apr 2025 | $576,561 | $288,280 |
| May 2025 | $715,810 | $357,905 |
| Jun 2025 | $465,674 | $232,832 |
| Jul 2025 | $415,420 | $207,705 |
| Aug 2025 | $322,872 | $161,426 |
| Sep 2025 | $212,055 | $106,017 |
| Oct 2025 | $169,985 | $84,961 |
| Nov 2025 | $30,217 | $15,090 |
| Dec 2025 | $20,530 | $10,251 |
| Jan 2026 | $4,045 | $2,014 |
| Feb 2026 | $2,183 | $1,081 |
| Mar 2026 | $2,192 | $1,087 |
| Apr 2026 | $1,374 | $688 |
| May 2026 | $823 | $411.21 |
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-v2
Frequently asked questions
What is ThalaSwap V2's TVL?
As of Oct 27, 2026, ThalaSwap V2 has $501,723 in total value locked. TVL has decreased 14.4% over the past 30 days.
What chains does ThalaSwap V2 operate on?
ThalaSwap V2 operates on Aptos. Aptos holds the largest share at 100%.
How does ThalaSwap V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, ThalaSwap V2 ranks #320 by TVL. The category holds $13.44b across 1,923 protocols, and ThalaSwap V2 accounts for <0.1% of that total. Similar protocols include PancakeSwap AMM, Cetus CLMM, Hyperion, LiquidSwap, ThalaSwap V3, ThalaSwap, Cellana Finance, Bridgers, Aptoswap, and HoustonSwap.
How many yield pools does ThalaSwap V2 have?
DefiLlama tracks 8 ThalaSwap V2 yield pools with an average APY of 0%.