DFX V2(DFX)
Total Value Locked$84,554
TVL by Chain
Ethereum$68,306
Polygon$16,225
Arbitrum$23.31
Key Metrics
Cumulative DEX Volume$759.7m
Cumulative DEX Volume by chain
Ethereum$617.97m
Polygon$141.73m
Total Raised$5m
Feb 24, 2021$5mRound: SeedInvestors: AllianceDAO, Boost VC, Castle Island Ventures, CMS Holdings, Divergence Ventures, FBG Capital, Hex Capital, Lemniscap, Polychain, SRC, True Ventures
Protocol Information
DFX is a decentralized foreign exchange protocol optimized for trading fiat-backed foreign stablecoins
Sub Category: AMM
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubHacks
Date: Nov 10, 2022
Amount: $4m
Classification: Reentrancy
Technique: Reentrancy
On November 10, 2022, DFX Finance V2 was exploited for $4.3 million (plus $3.2M via MEV) through a reentrancy vulnerability in the flash function introduced in V2. The contract failed to prevent reentrant deposits, allowing attacker to repay flashloans while recording deposits as debt.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
DFX V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 15, 2021 to Oct 30, 2026.
All-time high TVL: $50.13m on May 5, 2022. All-time low TVL: $11 on Jan 15, 2021.
Daily TVL, Oct 1, 2026 to Oct 30, 2026
| Date | TVL |
|---|---|
| Oct 1, 2026 | $83,643 |
| Oct 2, 2026 | $83,474 |
| Oct 3, 2026 | $84,203 |
| Oct 4, 2026 | $84,090 |
| Oct 5, 2026 | $84,178 |
| Oct 6, 2026 | $84,127 |
| Oct 7, 2026 | $84,177 |
| Oct 8, 2026 | $84,087 |
| Oct 9, 2026 | $84,043 |
| Oct 10, 2026 | $84,122 |
| Oct 11, 2026 | $86,852 |
| Oct 12, 2026 | $84,156 |
| Oct 13, 2026 | $84,053 |
| Oct 14, 2026 | $84,102 |
| Oct 15, 2026 | $86,746 |
| Oct 16, 2026 | $86,852 |
| Oct 17, 2026 | $84,191 |
| Oct 18, 2026 | $84,442 |
| Oct 19, 2026 | $84,351 |
| Oct 20, 2026 | $84,242 |
| Oct 21, 2026 | $84,439 |
| Oct 22, 2026 | $87,307 |
| Oct 23, 2026 | $84,470 |
| Oct 24, 2026 | $84,450 |
| Oct 25, 2026 | $87,299 |
| Oct 26, 2026 | $84,493 |
| Oct 27, 2026 | $84,472 |
| Oct 28, 2026 | $84,415 |
| Oct 29, 2026 | $84,445 |
| Oct 30, 2026 | $84,439 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $176,868 |
| Dec 31, 2024 | $69,394 |
| Jan 31, 2025 | $68,612 |
| Feb 28, 2025 | $67,757 |
| Mar 31, 2025 | $67,333 |
| Apr 30, 2025 | $79,631 |
| May 31, 2025 | $80,388 |
| Jun 30, 2025 | $74,965 |
| Jul 31, 2025 | $81,185 |
| Aug 31, 2025 | $82,568 |
| Sep 30, 2025 | $76,467 |
| Oct 31, 2025 | $84,160 |
| Nov 30, 2025 | $84,150 |
| Dec 31, 2025 | $79,622 |
| Jan 31, 2026 | $80,177 |
| Feb 28, 2026 | $80,550 |
| Mar 31, 2026 | $80,710 |
| Apr 30, 2026 | $81,250 |
| May 31, 2026 | $77,415 |
| Jun 30, 2026 | $80,527 |
| Jul 31, 2026 | $83,227 |
| Aug 31, 2026 | $84,035 |
| Sep 30, 2026 | $83,623 |
| Oct 30, 2026 (latest) | $84,439 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $17.17m |
| Dec 31, 2022 | $1.02m |
| Dec 31, 2023 | $253,005 |
| Dec 31, 2024 | $69,394 |
| Dec 31, 2025 | $79,622 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/dfx-v2
Frequently asked questions
What is DFX V2's TVL?
As of Oct 30, 2026, DFX V2 has $84,554 in total value locked. TVL has increased 1.1% over the past 30 days.
What chains does DFX V2 operate on?
DFX V2 operates on 3 chains: Ethereum, Polygon, and Arbitrum. Ethereum holds the largest share at 80.8%.
How does DFX V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, DFX V2 ranks #592 by TVL. The category holds $12.962b across 1,925 protocols, and DFX V2 accounts for <0.1% of that total. Similar protocols include Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, Fluid DEX, SushiSwap V3, SushiSwap, Metric V1, Balancer V2, and DODO AMM.
Has DFX V2 ever been exploited?
DFX V2 has 1 recorded security incident. The most recent incident occurred on Nov 10, 2022 and involved $4m. It was classified as Reentrancy.