Ask about THORSwap · freeTotal Value Locked$0
TVL by Chain
Ethereum$0
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Fees 30d$559,300
Fees 30d by chain
Ethereum$559,300
Fees 7d$124,652
Ethereum$124,652
Fees 24h$2,508
Ethereum$2,508
Cumulative Fees$8.17m
Ethereum$8.17m
Revenue 30d$559,300
Revenue 30d by chain
Ethereum$559,300
Revenue 7d$124,652
Ethereum$124,652
Revenue 24h$2,508
Ethereum$2,508
Cumulative Revenue$8.17m
Ethereum$8.17m
Holders Revenue 30d$419,477
Holders Revenue 30d by chain
Ethereum$419,477
Holders Revenue 7d$93,488
Ethereum$93,488
Holders Revenue 24h$1,881
Ethereum$1,881
Cumulative Holders Revenue$6.13m
Ethereum$6.13m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$4.72m
Earnings 30d$559,300
Earnings 7d$124,652
Earnings 24h$2,508
Cumulative Earnings$8.17m
DEX Volume 30d$112.32m
DEX Volume 30d by chain
Near$101.85m
Chainflip$10.46m
Mayachain$6,393
THORChain$0
DEX Volume 7d$15.19m
Near$13.13m
Chainflip$2.06m
Mayachain$6,340
THORChain$0
DEX Volume 24h$173,314
Chainflip$166,974
Mayachain$6,340
Near$0
THORChain$0
Cumulative DEX Volume$4.275b
THORChain$2.797b
Near$708.8m
Chainflip$622.7m
Mayachain$146.92m
Market Cap$10.6m
$THOR Price$0.042
Fully Diluted Valuation$10.6m
Outstanding FDV$20.93m
$THOR Volume 24h$324.64
CEX Volume$0
DEX Volume$323.57(99.67% of total)
Staked$7.45m(70.25% of mcap)
Protocol Information
Established in 2021, THORSwap is the leading multi-chain Bitcoin decentralized exchange (DEX) aggregator. Swap cross-chain to and from Native Bitcoin in a non-KYC and non-custodial manner.
Audits:
Methodology
TVL: TVL is the total amount of THOR tokens staked in VTHOR, UTHOR, and YTHOR staking contractsView code on GitHubFees: Swap fees paid by users.View code on GitHubRevenue: Swap fees paid by users.View code on GitHubHolders Revenue: 75% of revenue goes to THOR holders. 20% goes to buy THOR from market and burn. Rest is going to stakers. Stakers can choose in which token they want to receive their rewards either THOR or USDC.View code on GitHubDEX Volume: Thorswap volume is sourced from Thorswap's internal analytics which aggregates swap data across multiple providers including Thorchain, Near, Mayachain, and Chainflip.View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Competitors
THORSwap history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Nov 3, 2025 to Oct 27, 2026.
All-time high TVL: $0 on Nov 3, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 3, 2026 | $0 |
| Oct 4, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 10, 2026 | $0 |
| Oct 11, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 17, 2026 | $0 |
| Oct 18, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 20, 2026 | $0 |
| Oct 21, 2026 | $0 |
| Oct 22, 2026 | $0 |
| Oct 23, 2026 | $0 |
| Oct 24, 2026 | $0 |
| Oct 25, 2026 | $0 |
| Oct 26, 2026 | $0 |
| Oct 27, 2026 | $0 |
TVL at each month end, Nov 2025 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $0 |
| Dec 31, 2025 | $0 |
| Jan 31, 2026 | $0 |
| Feb 28, 2026 | $0 |
| Mar 31, 2026 | $0 |
| Apr 30, 2026 | $0 |
| May 31, 2026 | $0 |
| Jun 30, 2026 | $0 |
| Jul 31, 2026 | $0 |
| Aug 31, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 27, 2026 (latest) | $0 |
Fees, revenue and holders revenue by UTC calendar month, Feb 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2025 | $141,119 | $141,119 | $105,841 |
| Mar 2025 | $660,145 | $660,145 | $495,108 |
| Apr 2025 | $274,732 | $274,732 | $206,050 |
| May 2025 | $514,226 | $514,226 | $385,670 |
| Jun 2025 | $385,154 | $385,154 | $288,866 |
| Jul 2025 | $363,317 | $363,317 | $272,489 |
| Aug 2025 | $387,440 | $387,440 | $290,582 |
| Sep 2025 | $208,001 | $208,001 | $156,001 |
| Oct 2025 | $633,283 | $633,283 | $474,962 |
| Nov 2025 | $761,023 | $761,023 | $570,768 |
| Dec 2025 | $440,876 | $440,876 | $330,654 |
| Jan 2026 | $471,165 | $471,165 | $353,375 |
| Feb 2026 | $387,293 | $387,293 | $290,468 |
| Mar 2026 | $384,077 | $384,077 | $288,057 |
| Apr 2026 | $401,098 | $401,098 | $300,820 |
| May 2026 | $346,610 | $346,610 | $259,955 |
| Jun 2026 | $215,322 | $215,322 | $161,492 |
| Jul 2026 | $229,329 | $229,329 | $171,997 |
| Aug 2026 | $258,371 | $258,371 | $193,776 |
| Sep 2026 | $201,947 | $201,947 | $151,463 |
| Oct 2026 (to date) | $502,848 | $502,848 | $377,137 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/thorswap
Frequently asked questions
What is THORSwap's TVL?
As of Oct 27, 2026, THORSwap has $0 in total value locked.
What chains does THORSwap operate on?
THORSwap operates on 5 chains: Ethereum, THORChain, Chainflip, Mayachain, and Near.
How much has THORSwap generated in fees and revenue?
Over the past 30 days, THORSwap generated $559,300 in fees. Of that, $559,300 was protocol revenue. Based on the trailing year, the annualized rate is $4.72m in fees and $4.72m in revenue.
What is the THOR token price and valuation?
THOR is currently trading at $0.042. Its circulating market capitalization is $10.57m, ranking it #1,460. Its fully diluted valuation is $10.57m. Supply currently stands at 253.2m circulating, 253.2m total supply, 500m maximum supply.
How has THOR performed recently?
THOR is up 14.7% over the past 7 days and up 9.4% over the past 30 days. Its all-time high is $3.05, reached on Nov 6, 2021. The token is currently 98.6% below that level.
How does THORSwap's TVL compare to similar protocols?
Among DEX Aggregator protocols tracked by DefiLlama, THORSwap ranks #106 by TVL. The category holds $5.25m across 206 protocols, and THORSwap accounts for 0% of that total. Similar protocols include 1inch Swap, Hashflow, De1, Velora, Unizen, Houdini Swap, Pond0x, OmniBazaar, Pumex, and Obsidian Aggregator.
How much trading volume does THORSwap process?
THORSwap processed $112.32m in DEX volume over the past 30 days.