Ask about MerlinSwap · freeTotal Value Locked$5.94m
TVL by Chain
Merlin$5.94m
Key Metrics
DEX Volume 30d$149,369
DEX Volume 30d by chain
Merlin$149,369
DEX Volume 7d$5,302
Merlin$5,302
DEX Volume 24h$2,055
Merlin$2,055
Cumulative DEX Volume$1.25b
Merlin$1.25b
Market Cap$188,971
$MP Price$0.00006
Fully Diluted Valuation$1.26m
$MP Volume 24h$18.93
CEX Volume$0
DEX Volume$18.82(99.42% of total)
Protocol Information
MerlinSwap is an innovative and highly capital efficient DEX built to support the Merlin ecosystem.
Sub Category: AMM
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubDEX Volume: Value of tokens swapped through MerlinSwap pools created by the MerlinSwap (iZiSwap) factory, counted on one side of each swap.View code on GitHubCompetitors
MerlinSwap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 28, 2024 to Nov 9, 2026.
All-time high TVL: $157.15m on Jul 2, 2024. All-time low TVL: $4.98m on Mar 10, 2024.
Daily TVL, Oct 11, 2026 to Nov 9, 2026
| Date | TVL |
|---|---|
| Oct 11, 2026 | $6.98m |
| Oct 12, 2026 | $7.07m |
| Oct 13, 2026 | $6.94m |
| Oct 14, 2026 | $6.71m |
| Oct 15, 2026 | $6.23m |
| Oct 16, 2026 | $6.58m |
| Oct 17, 2026 | $6.11m |
| Oct 18, 2026 | $6.48m |
| Oct 19, 2026 | $6.31m |
| Oct 20, 2026 | $5.83m |
| Oct 21, 2026 | $8.64m |
| Oct 22, 2026 | $8.1m |
| Oct 23, 2026 | $8.63m |
| Oct 24, 2026 | $8.51m |
| Oct 25, 2026 | $8.77m |
| Oct 26, 2026 | $6.56m |
| Oct 27, 2026 | $5.71m |
| Oct 28, 2026 | $6.17m |
| Oct 29, 2026 | $8.66m |
| Oct 30, 2026 | $6.27m |
| Oct 31, 2026 | $8.62m |
| Nov 1, 2026 | $8.35m |
| Nov 2, 2026 | $6.45m |
| Nov 3, 2026 | $5.69m |
| Nov 4, 2026 | $5.75m |
| Nov 5, 2026 | $5.64m |
| Nov 6, 2026 | $5.96m |
| Nov 7, 2026 | $7.75m |
| Nov 8, 2026 | $8.51m |
| Nov 9, 2026 | $6.05m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $44.15m |
| Jan 31, 2025 | $31.69m |
| Feb 28, 2025 | $46.02m |
| Mar 31, 2025 | $20.43m |
| Apr 30, 2025 | $16.41m |
| May 31, 2025 | $25.09m |
| Jun 25, 2025 | $24.26m |
| Jul 31, 2025 | $26.55m |
| Aug 31, 2025 | $24.41m |
| Sep 30, 2025 | $27.69m |
| Oct 31, 2025 | $26.24m |
| Nov 30, 2025 | $22.68m |
| Dec 31, 2025 | $22.02m |
| Jan 31, 2026 | $18.29m |
| Feb 28, 2026 | $14.12m |
| Mar 31, 2026 | $14.19m |
| Apr 30, 2026 | $6.07m |
| May 31, 2026 | $8.09m |
| Jun 30, 2026 | $6.48m |
| Jul 31, 2026 | $6.96m |
| Aug 31, 2026 | $6.96m |
| Sep 30, 2026 | $7.22m |
| Oct 31, 2026 | $8.62m |
| Nov 9, 2026 (latest) | $6.05m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $44.15m |
| Dec 31, 2025 | $22.02m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/merlinswap
Frequently asked questions
What is MerlinSwap's TVL?
As of Nov 9, 2026, MerlinSwap has $5.94m in total value locked. TVL has decreased 14% over the past 30 days.
What chains does MerlinSwap operate on?
MerlinSwap operates on Merlin. Merlin holds the largest share at 100%.
What is the MP token price and valuation?
MP is currently trading at $0.00006. Its circulating market capitalization is $188,971, ranking it #5,813. Its fully diluted valuation is $1.26m. Supply currently stands at 3.15b circulating, 21b total supply, 21b maximum supply.
How has MP performed recently?
MP is down 34.9% over the past 7 days and down 52.4% over the past 30 days. Its all-time high is $0.0097, reached on Apr 3, 2024. The token is currently 99.4% below that level.
How does MerlinSwap's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, MerlinSwap ranks #94 by TVL. The category holds $12.174b across 1,931 protocols, and MerlinSwap accounts for <0.1% of that total. Similar protocols include DyorSwap AMM, BitGenie AMM, Influpia, Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, Raydium AMM, Uniswap V2, and PancakeSwap AMM V3.
How much trading volume does MerlinSwap process?
MerlinSwap processed $149,369 in DEX volume over the past 30 days.