Ask about GammaSwap Protocol · freeTotal Value Locked$411,409
TVL by Chain
Base$216,252
Arbitrum$193,945
Ethereum$1,212
Key Metrics
DEX Volume 30d$206,098
DEX Volume 30d by chain
Arbitrum$158,774
Base$47,322
Ethereum$0.50
DEX Volume 7d$45,902
Arbitrum$26,432
Base$19,469
Ethereum$0.50
DEX Volume 24h$7,150
Arbitrum$4,452
Base$2,698
Ethereum$0
Cumulative DEX Volume$188.78m
Arbitrum$144.85m
Base$43.65m
Ethereum$274,845
Market Cap$918,333
$GS Price$0.0021
Fully Diluted Valuation$3.43m
$GS Volume 24h$185.42
CEX Volume$0
DEX Volume$185.26(99.91% of total)
Staked$107,597(11.72% of mcap)
Treasury$457,804
Majors$288,544
Stablecoins$52,615
Own Tokens$116,193
Others$450.73
Total Raised$1.7m
Feb 6, 2023$1.7mRound: SeedInvestors: Skycatcher, Dialectic, Space Whale Capital, Modular Capital, Portico Ventures, Ouroboros Capital, Owl Ventures, RenGen.io, Manifold Trading, Coinflip Canada, GMX, bizyugo, 0x_d24, DanDefiEd
Protocol Information
A novel primitive for scaling DeFi liquidity through permissionless risk markets
- DeltaSwapDexs
- GammaSwap Open InterestOptions
- GammaSwap ClassicDerivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
DEX Volume: Volume of all spot token swaps on the DEX
Yields
Pools Tracked9
Average Supply APY2.44%
GammaSwap Protocol history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Sep 20, 2023 to Oct 21, 2026.
All-time high TVL: $32.55m on Aug 14, 2025. All-time low TVL: $71 on Sep 20, 2023.
Daily TVL, Sep 22, 2026 to Oct 21, 2026
| Date | TVL |
|---|---|
| Sep 22, 2026 | $564,728 |
| Sep 23, 2026 | $563,221 |
| Sep 24, 2026 | $553,223 |
| Sep 25, 2026 | $556,259 |
| Sep 26, 2026 | $554,819 |
| Sep 27, 2026 | $554,117 |
| Sep 28, 2026 | $547,950 |
| Sep 29, 2026 | $533,906 |
| Sep 30, 2026 | $520,203 |
| Oct 1, 2026 | $522,222 |
| Oct 2, 2026 | $523,753 |
| Oct 3, 2026 | $520,040 |
| Oct 4, 2026 | $522,822 |
| Oct 5, 2026 | $516,500 |
| Oct 6, 2026 | $515,278 |
| Oct 7, 2026 | $483,674 |
| Oct 8, 2026 | $441,293 |
| Oct 9, 2026 | $429,260 |
| Oct 10, 2026 | $430,540 |
| Oct 11, 2026 | $433,867 |
| Oct 12, 2026 | $437,349 |
| Oct 13, 2026 | $422,970 |
| Oct 14, 2026 | $432,830 |
| Oct 15, 2026 | $417,625 |
| Oct 16, 2026 | $420,880 |
| Oct 17, 2026 | $403,498 |
| Oct 18, 2026 | $402,309 |
| Oct 19, 2026 | $400,892 |
| Oct 20, 2026 | $400,721 |
| Oct 21, 2026 | $406,023 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $8.73m |
| Dec 31, 2024 | $13.11m |
| Jan 31, 2025 | $11.65m |
| Feb 28, 2025 | $11.32m |
| Mar 31, 2025 | $8.78m |
| Apr 30, 2025 | $10.07m |
| May 31, 2025 | $12.13m |
| Jun 30, 2025 | $11.48m |
| Jul 31, 2025 | $18.06m |
| Aug 31, 2025 | $27.31m |
| Sep 30, 2025 | $22.25m |
| Oct 31, 2025 | $16.79m |
| Nov 30, 2025 | $8.91m |
| Dec 31, 2025 | $7.59m |
| Jan 31, 2026 | $6.07m |
| Feb 28, 2026 | $2.76m |
| Mar 31, 2026 | $2.48m |
| Apr 30, 2026 | $2.45m |
| May 31, 2026 | $2.46m |
| Jun 30, 2026 | $1.39m |
| Jul 31, 2026 | $1.32m |
| Aug 31, 2026 | $992,750 |
| Sep 30, 2026 | $520,203 |
| Oct 21, 2026 (latest) | $406,023 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $78,445 |
| Dec 31, 2024 | $13.11m |
| Dec 31, 2025 | $7.59m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/gammaswap-protocol
Frequently asked questions
What is GammaSwap Protocol's TVL?
As of Oct 21, 2026, GammaSwap Protocol has $411,409 in total value locked. TVL has decreased 26.1% over the past 30 days.
What chains does GammaSwap Protocol operate on?
GammaSwap Protocol operates on 3 chains: Arbitrum, Base, and Ethereum. Base holds the largest share at 52.6%.
What is the GS token price and valuation?
GS is currently trading at $0.0021. Its circulating market capitalization is $917,008, ranking it #3,568. Its fully diluted valuation is $3.43m. Supply currently stands at 428.22m circulating, 1.6b total supply, 1.6b maximum supply.
How has GS performed recently?
GS is up 3.3% over the past 7 days and down 11.7% over the past 30 days. Its all-time high is $0.37, reached on Dec 4, 2024. The token is currently 99.4% below that level.
Which protocols are included in GammaSwap Protocol?
GammaSwap Protocol is a parent protocol whose tracked products include DeltaSwap, GammaSwap Yield Tokens, GammaSwap Open Interest, and GammaSwap Classic.
How much trading volume does GammaSwap Protocol process?
GammaSwap Protocol processed $206,098 in DEX volume over the past 30 days.
Does GammaSwap Protocol have a treasury?
GammaSwap Protocol has a tracked treasury currently valued at $457,804. Its holdings include $52,615 in stablecoins, $288,544 in major assets, $116,193 in its own tokens, $450.73 in other assets.