Total Value Locked$785,435
TVL by Chain
Aptos$785,435
Key Metrics
Fees 30d$780.16
Fees 30d by chain
Aptos$780.16
Fees 7d$170
Aptos$170
Fees 24h$12
Aptos$12
Cumulative Fees$1.92m
Aptos$1.92m
Revenue 30d$156
Revenue 30d by chain
Aptos$156
Revenue 7d$34.01
Aptos$34.01
Revenue 24h$2.41
Aptos$2.41
Cumulative Revenue$381,823
Aptos$381,823
DEX Volume 30d$1.3m
DEX Volume 30d by chain
Aptos$1.3m
DEX Volume 7d$280,338
Aptos$280,338
DEX Volume 24h$20,477
Aptos$20,477
Cumulative DEX Volume$4.137b
Aptos$4.137b
Market Cap$736,758
$THL Price$0.0098
Fully Diluted Valuation$984,411
$THL Volume 24h$129.98
CEX Volume$0
DEX Volume$118.48(91.15% 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 APY6.92%
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 20, 2026.
All-time high TVL: $102.45m on Mar 27, 2024. All-time low TVL: $445,160 on Sep 14, 2026.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $718,490 |
| Sep 22, 2026 | $742,827 |
| Sep 23, 2026 | $756,955 |
| Sep 24, 2026 | $715,924 |
| Sep 25, 2026 | $753,942 |
| Sep 26, 2026 | $823,688 |
| Sep 27, 2026 | $807,406 |
| 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 |
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 20, 2026 (latest) | $782,845 |
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) | $479.16 | $95.67 |
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 20, 2026, ThalaSwap has $785,435 in total value locked. TVL has increased 11.6% 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 $780.16 in fees. Of that, $156 was protocol revenue. Based on the trailing year, the annualized rate is $16,180 in fees and $3,236 in revenue.
What is the THL token price and valuation?
THL is currently trading at $0.0099. Its circulating market capitalization is $742,939, ranking it #3,762. Its fully diluted valuation is $992,646. Supply currently stands at 74.84m circulating, 100m total supply, 100m maximum supply.
How has THL performed recently?
THL is down 3.1% over the past 7 days and up 49.8% 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 #277 by TVL. The category holds $14.127b across 1,917 protocols, and ThalaSwap accounts for <0.1% of that total. Other leading protocols include PancakeSwap AMM, Cetus CLMM, LiquidSwap, Hyperion, ThalaSwap V3, ThalaSwap V2, Cellana Finance, Bridgers, Aptoswap, and AUX Exchange.
How much trading volume does ThalaSwap process?
ThalaSwap processed $1.3m 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.