Total Value Locked$5.46m
TVL by Chain
OP Mainnet$5.35m
Ink$47,015
BOB$34,442
Mode$12,591
Fraxtal$11,329
Lisk$4,093
Soneium$3,492
Celo$166.90
Unichain$8.38
Superseed$0
Swellchain$0
Key Metrics
Fees 30d$111,351
Fees 30d by chain
OP Mainnet$111,168
Mode$81.14
Fraxtal$42.40
Lisk$23.46
Ink$19.71
BOB$13.31
Soneium$2.88
Celo$0
Unichain$0
Fees 7d$3,413
OP Mainnet$3,384
Mode$12.16
Lisk$6.16
Ink$3.76
Fraxtal$2.60
BOB$1.94
Soneium$0.47
Celo$0
Unichain$0
Fees 24h$195
OP Mainnet$191
Mode$1.31
Ink$0.79
Lisk$0.71
Fraxtal$0.27
BOB$0.23
Soneium$0.04
Celo$0
Unichain$0
Cumulative Fees$30.52m
OP Mainnet$28.34m
Ink$1.17m
Lisk$745,989
Mode$192,133
Soneium$39,814
Fraxtal$16,373
Swellchain$7,263
BOB$5,393
Unichain$0.21
Celo$0
Revenue 30d$108,461
Revenue 30d by chain
OP Mainnet$108,380
Fraxtal$42.40
Lisk$21.80
Mode$9.74
Ink$2.52
Soneium$1.86
BOB$0
Celo$0
Unichain$0
Revenue 7d$2,700
OP Mainnet$2,689
Lisk$5.72
Fraxtal$2.60
Mode$1.19
Ink$0.50
Soneium$0.32
BOB$0
Celo$0
Unichain$0
Revenue 24h$106
OP Mainnet$104
Lisk$0.66
Fraxtal$0.27
Mode$0.12
Ink$0.11
Soneium$0.03
BOB$0
Celo$0
Unichain$0
Cumulative Revenue$30.51m
OP Mainnet$28.33m
Ink$1.17m
Lisk$745,978
Mode$191,974
Soneium$39,810
Fraxtal$16,373
Swellchain$7,263
BOB$5,311
Unichain$0.21
Celo$0
Holders Revenue 30d$106,870
Holders Revenue 30d by chain
OP Mainnet$106,797
Fraxtal$40.63
Lisk$18.13
Mode$8.92
Ink$2.24
Soneium$1.65
BOB$0
Celo$0
Unichain$0
Holders Revenue 7d$1,109
OP Mainnet$1,106
Lisk$2.05
Fraxtal$0.83
Mode$0.37
Ink$0.22
Soneium$0.11
BOB$0
Celo$0
Unichain$0
Holders Revenue 24h$0
BOB$0
Celo$0
Fraxtal$0
Ink$0
Lisk$0
Mode$0
OP Mainnet$0
Soneium$0
Unichain$0
Cumulative Holders Revenue$30.51m
OP Mainnet$28.33m
Ink$1.17m
Lisk$745,975
Mode$191,973
Soneium$39,810
Fraxtal$16,371
Swellchain$7,263
BOB$5,311
Unichain$0.21
Celo$0
DEX Volume 30d$11.72m
DEX Volume 30d by chain
OP Mainnet$11.64m
Mode$28,642
Fraxtal$16,136
BOB$12,709
Lisk$7,786
Ink$6,771
Soneium$968.69
Celo$1.03
Unichain$0
DEX Volume 7d$1.45m
OP Mainnet$1.44m
Mode$4,291
Lisk$2,056
BOB$1,882
Fraxtal$1,744
Ink$1,346
Soneium$156.41
Celo$0
Unichain$0
DEX Volume 24h$70,523
OP Mainnet$68,921
Mode$459
BOB$444
Ink$267
Lisk$237
Fraxtal$184
Soneium$11.89
Celo$0
Unichain$0
Cumulative DEX Volume$3.64b
OP Mainnet$3.607b
Lisk$10.7m
Mode$9.72m
Swellchain$6.23m
Fraxtal$3.32m
Ink$1.91m
Soneium$651,729
BOB$564,334
Unichain$38,256
Celo$750.95
Protocol Information
A revolutionary new AMM based on Solidly launched on Optimism.
Sub Category: ve(3,3)
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Per-pool swap fee read from PoolFactory.getFee (default vAMM 0.30% / sAMM 0.05%, customizable per pool) applied to each swap, plus external bribes deposited by third parties to voter-incentive contracts.View code on GitHubRevenue: Swap fees earned by liquidity staked in gauges and bribes, paid to veVELO voters, plus the staked-liquidity fees locked in the gauges since their last fee distribution ahead of the Aero upgrade (2026-10-15 on Optimism and Ink, earlier on the other chains).View code on GitHubHolders Revenue: Swap fees earned by liquidity staked in gauges until the gauges last distributed fees ahead of the Aero upgrade (2026-10-15 on Optimism and Ink, earlier on the other chains), plus bribes until voting ended on 2026-10-22, all paid to veVELO voters.View code on GitHubDEX Volume: Swap volume across Velodrome v2 (non-CL) pools, counted once per swap from the core-asset side.View code on GitHubYields
Pools Tracked59
Average Supply APY962.41%
Competitors
Velodrome V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 23, 2023 to Oct 28, 2026.
All-time high TVL: $256.87m on Jul 30, 2023. All-time low TVL: $254,014 on Jun 23, 2023.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $17.35m |
| Sep 30, 2026 | $17.29m |
| Oct 1, 2026 | $17.37m |
| Oct 2, 2026 | $17.45m |
| Oct 3, 2026 | $17.48m |
| Oct 4, 2026 | $14.45m |
| Oct 5, 2026 | $17.86m |
| Oct 6, 2026 | $17.81m |
| Oct 7, 2026 | $17.66m |
| Oct 8, 2026 | $17.19m |
| Oct 9, 2026 | $17.1m |
| Oct 10, 2026 | $17.18m |
| Oct 11, 2026 | $17.69m |
| Oct 12, 2026 | $17.73m |
| Oct 13, 2026 | $17.3m |
| Oct 14, 2026 | $17.64m |
| Oct 15, 2026 | $17.21m |
| Oct 16, 2026 | $17.4m |
| Oct 17, 2026 | $17.23m |
| Oct 18, 2026 | $17.12m |
| Oct 19, 2026 | $16.88m |
| Oct 20, 2026 | $13.56m |
| Oct 21, 2026 | $13.99m |
| Oct 22, 2026 | $11.88m |
| Oct 23, 2026 | $7.03m |
| Oct 24, 2026 | $5.92m |
| Oct 25, 2026 | $5.72m |
| Oct 26, 2026 | $5.59m |
| Oct 27, 2026 | $5.54m |
| Oct 28, 2026 | $5.46m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $81.1m |
| Dec 31, 2024 | $100.94m |
| Jan 31, 2025 | $76.71m |
| Feb 28, 2025 | $46.28m |
| Mar 31, 2025 | $41.3m |
| Apr 30, 2025 | $36.91m |
| May 31, 2025 | $39.67m |
| Jun 30, 2025 | $37.87m |
| Jul 31, 2025 | $42.29m |
| Aug 31, 2025 | $39.52m |
| Sep 30, 2025 | $38.84m |
| Oct 31, 2025 | $31.5m |
| Nov 30, 2025 | $23.96m |
| Dec 31, 2025 | $21.41m |
| Jan 31, 2026 | $19.82m |
| Feb 28, 2026 | $16.44m |
| Mar 31, 2026 | $17m |
| Apr 30, 2026 | $16.74m |
| May 31, 2026 | $13.16m |
| Jun 30, 2026 | $12.24m |
| Jul 31, 2026 | $14.74m |
| Aug 31, 2026 | $15.41m |
| Sep 30, 2026 | $17.29m |
| Oct 28, 2026 (latest) | $5.46m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $152.88m |
| Dec 31, 2024 | $100.94m |
| Dec 31, 2025 | $21.41m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $915,188 | $915,188 | $915,188 |
| Dec 2024 | $1.32m | $1.32m | $1.32m |
| Jan 2025 | $795,526 | $795,526 | $795,526 |
| Feb 2025 | $462,286 | $462,286 | $462,286 |
| Mar 2025 | $297,184 | $297,184 | $297,184 |
| Apr 2025 | $252,074 | $252,074 | $252,074 |
| May 2025 | $294,194 | $294,194 | $294,194 |
| Jun 2025 | $271,217 | $271,217 | $271,217 |
| Jul 2025 | $399,243 | $399,243 | $399,243 |
| Aug 2025 | $368,255 | $368,255 | $368,255 |
| Sep 2025 | $363,809 | $363,809 | $363,809 |
| Oct 2025 | $413,889 | $413,889 | $413,889 |
| Nov 2025 | $284,763 | $284,763 | $284,763 |
| Dec 2025 | $277,449 | $277,449 | $277,449 |
| Jan 2026 | $141,053 | $141,053 | $141,053 |
| Feb 2026 | $174,889 | $174,889 | $174,889 |
| Mar 2026 | $184,982 | $184,982 | $184,982 |
| Apr 2026 | $143,517 | $143,517 | $143,517 |
| May 2026 | $160,784 | $160,784 | $160,784 |
| Jun 2026 | $112,063 | $112,063 | $112,063 |
| Jul 2026 | $95,982 | $95,982 | $95,982 |
| Aug 2026 | $79,591 | $78,034 | $78,034 |
| Sep 2026 | $122,306 | $119,322 | $119,322 |
| Oct 2026 (to date) | $88,125 | $85,869 | $84,278 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/velodrome-v2
Frequently asked questions
What is Velodrome V2's TVL?
As of Oct 28, 2026, Velodrome V2 has $5.46m in total value locked. TVL has decreased 68.7% over the past 30 days.
What chains does Velodrome V2 operate on?
Velodrome V2 operates on 11 chains: OP Mainnet, Ink, BOB, Mode, and Fraxtal and 6 others. OP Mainnet holds the largest share at 97.9%.
How much has Velodrome V2 generated in fees and revenue?
Over the past 30 days, Velodrome V2 generated $111,351 in fees. Of that, $108,461 was protocol revenue. Based on the trailing year, the annualized rate is $1.94m in fees and $1.94m in revenue.
How does Velodrome V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Velodrome V2 ranks #105 by TVL. The category holds $13.548b across 1,923 protocols, and Velodrome V2 accounts for <0.1% of that total. Similar protocols include Velodrome V3, Uniswap V3, Uniswap V4, Curve DEX, DyorSwap AMM, Uniswap V2, DackieSwap V3, DackieSwap V2, Archly V2, and Aero Slipstream.
How much trading volume does Velodrome V2 process?
Velodrome V2 processed $11.72m in DEX volume over the past 30 days.