Ask about Merchant Moe · freeTotal Value Locked$12.23m
TVL by Chain
Mantle$12.23m
Key Metrics
Fees 30d$7,260
Fees 30d by chain
Mantle$7,260
Fees 7d$2,695
Mantle$2,695
Fees 24h$235.09
Mantle$235.09
Cumulative Fees$7.82m
Mantle$7.82m
Revenue 30d$1,775
Revenue 30d by chain
Mantle$1,775
Revenue 7d$664.97
Mantle$664.97
Revenue 24h$58.87
Mantle$58.87
Cumulative Revenue$1.54m
Mantle$1.54m
Holders Revenue 30d$1,711
Holders Revenue 30d by chain
Mantle$1,711
Holders Revenue 7d$652.33
Mantle$652.33
Holders Revenue 24h$58.52
Mantle$58.52
Cumulative Holders Revenue$1.45m
Mantle$1.45m
DEX Volume 30d$5.74m
DEX Volume 30d by chain
Mantle$5.74m
DEX Volume 7d$2.19m
Mantle$2.19m
DEX Volume 24h$179,401
Mantle$179,401
Cumulative DEX Volume$10.083b
Mantle$10.083b
Market Cap$1.62m
$MOE Price$0.0086
Fully Diluted Valuation$3.87m
$MOE Volume 24h$3,963
CEX Volume$0
DEX Volume$3,956(99.82% of total)
Protocol Information
Decentralized Trading powered by Mantle
- Merchant Moe DEXDexs
User Activity
Active Addresses (24h)104
Transactions (24h)487
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Competitors
Merchant Moe history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 10, 2024 to Oct 18, 2026.
All-time high TVL: $173.66m on Nov 12, 2024. All-time low TVL: $10.72m on Aug 16, 2026.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $13.11m |
| Sep 20, 2026 | $13.08m |
| Sep 21, 2026 | $13.03m |
| Sep 22, 2026 | $13.44m |
| Sep 23, 2026 | $13.49m |
| Sep 24, 2026 | $13.28m |
| Sep 25, 2026 | $13.41m |
| Sep 26, 2026 | $13.39m |
| Sep 27, 2026 | $13.46m |
| Sep 28, 2026 | $13.42m |
| Sep 29, 2026 | $13.33m |
| Sep 30, 2026 | $13.32m |
| Oct 1, 2026 | $13.48m |
| Oct 2, 2026 | $13.45m |
| Oct 3, 2026 | $13.26m |
| Oct 4, 2026 | $13.25m |
| Oct 5, 2026 | $13.4m |
| Oct 6, 2026 | $13.31m |
| Oct 7, 2026 | $13.03m |
| Oct 8, 2026 | $12.77m |
| Oct 9, 2026 | $12.46m |
| Oct 10, 2026 | $12.46m |
| Oct 11, 2026 | $12.57m |
| Oct 12, 2026 | $12.61m |
| Oct 13, 2026 | $12.33m |
| Oct 14, 2026 | $12.43m |
| Oct 15, 2026 | $12.19m |
| Oct 16, 2026 | $12.27m |
| Oct 17, 2026 | $12.28m |
| Oct 18, 2026 | $12.19m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $167.52m |
| Dec 31, 2024 | $123.24m |
| Jan 31, 2025 | $101.55m |
| Feb 28, 2025 | $68.78m |
| Mar 31, 2025 | $84.36m |
| Apr 30, 2025 | $85.07m |
| May 31, 2025 | $84.95m |
| Jun 30, 2025 | $83.69m |
| Jul 31, 2025 | $93.14m |
| Aug 31, 2025 | $94.03m |
| Sep 30, 2025 | $73.27m |
| Oct 31, 2025 | $66.88m |
| Nov 30, 2025 | $60.97m |
| Dec 31, 2025 | $59.79m |
| Jan 31, 2026 | $57.87m |
| Feb 28, 2026 | $53.65m |
| Mar 31, 2026 | $43.33m |
| Apr 30, 2026 | $37.69m |
| May 31, 2026 | $36.33m |
| Jun 30, 2026 | $19.07m |
| Jul 31, 2026 | $11.35m |
| Aug 31, 2026 | $12.43m |
| Sep 30, 2026 | $13.32m |
| Oct 18, 2026 (latest) | $12.19m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $123.24m |
| Dec 31, 2025 | $59.79m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $446,600 | $88,655 | $86,055 |
| Dec 2024 | $496,861 | $91,906 | $89,801 |
| Jan 2025 | $481,001 | $85,045 | $82,095 |
| Feb 2025 | $435,404 | $77,818 | $76,541 |
| Mar 2025 | $346,160 | $64,429 | $63,684 |
| Apr 2025 | $189,289 | $35,269 | $34,724 |
| May 2025 | $238,061 | $43,810 | $43,249 |
| Jun 2025 | $185,788 | $42,251 | $41,898 |
| Jul 2025 | $301,059 | $70,675 | $70,230 |
| Aug 2025 | $583,146 | $135,607 | $134,356 |
| Sep 2025 | $591,871 | $144,251 | $142,461 |
| Oct 2025 | $524,091 | $129,849 | $127,498 |
| Nov 2025 | $230,583 | $57,371 | $56,827 |
| Dec 2025 | $170,348 | $42,465 | $42,233 |
| Jan 2026 | $127,812 | $31,862 | $31,681 |
| Feb 2026 | $205,975 | $51,410 | $51,269 |
| Mar 2026 | $48,957 | $12,160 | $12,081 |
| Apr 2026 | $29,220 | $7,220 | $7,176 |
| May 2026 | $28,984 | $7,188 | $7,115 |
| Jun 2026 | $42,755 | $10,664 | $10,614 |
| Jul 2026 | $18,667 | $4,653 | $4,618 |
| Aug 2026 | $26,725 | $6,618 | $6,504 |
| Sep 2026 | $6,605 | $1,591 | $1,490 |
| Oct 2026 (to date) | $5,099 | $1,255 | $1,221 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/merchant-moe
Frequently asked questions
What is Merchant Moe's TVL?
As of Oct 18, 2026, Merchant Moe has $12.23m in total value locked. TVL has decreased 2.1% over the past 30 days.
What chains does Merchant Moe operate on?
Merchant Moe operates on Mantle. Mantle holds the largest share at 100%.
How much has Merchant Moe generated in fees and revenue?
Over the past 30 days, Merchant Moe generated $7,260 in fees. Of that, $1,775 was protocol revenue. Based on the trailing year, the annualized rate is $1.04m in fees and $258,544 in revenue.
What is the MOE token price and valuation?
MOE is currently trading at $0.0086. Its circulating market capitalization is $1.62m, ranking it #2,964. Its fully diluted valuation is $3.86m. Supply currently stands at 188.49m circulating, 450.22m total supply, 500m maximum supply.
How has MOE performed recently?
MOE is up 1% over the past 7 days and down 18.4% over the past 30 days. Its all-time high is $0.51, reached on Jan 11, 2024. The token is currently 98.3% below that level.
How does Merchant Moe's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Merchant Moe ranks #71 by TVL. The category holds $13.68b across 1,924 protocols, and Merchant Moe accounts for 0.1% of that total. Other leading protocols include Uniswap V3, Curve DEX, Agni Finance, DODO AMM, Fluxion Network, WOOFi Swap, iZiSwap, Clipper, Swaap Maker V2, and FusionX V3.
How much trading volume does Merchant Moe process?
Merchant Moe processed $5.74m in DEX volume over the past 30 days.