Ask about Pangolin · freeTotal Value Locked$1.88m
TVL by Chain
Avalanche$1.86m
Hedera$21,594
Flare$1,555
Monad$1,364
Songbird$0
Key Metrics
Fees 30d$7,746
Fees 30d by chain
Avalanche$7,745
Monad$0.82
Fees 7d$1,817
Avalanche$1,817
Monad$0.09
Fees 24h$211.03
Avalanche$211
Monad$0.03
Cumulative Fees$54.19m
Avalanche$54.18m
Monad$4,065
Revenue 30d$1,327
Revenue 30d by chain
Avalanche$1,326
Monad$0.14
Revenue 7d$311.95
Avalanche$311.94
Monad$0.01
Revenue 24h$35.90
Avalanche$35.89
Monad$0.01
Cumulative Revenue$9.03m
Avalanche$9.03m
Monad$813.56
Holders Revenue 30d$1,051
Holders Revenue 30d by chain
Avalanche$1,051
Monad$0.07
Holders Revenue 7d$246.67
Avalanche$246.67
Monad$0
Holders Revenue 24h$28.92
Avalanche$28.92
Monad$0
Cumulative Holders Revenue$7.67m
Avalanche$7.67m
Monad$405.22
DEX Volume 30d$13.85m
DEX Volume 30d by chain
Avalanche$13.84m
Monad$8,339
DEX Volume 7d$1.48m
Avalanche$1.48m
Monad$964
DEX Volume 24h$174,655
Avalanche$174,398
Monad$257
Cumulative DEX Volume$19.305b
Avalanche$19.302b
Monad$2.93m
Market Cap$5.55m
$PNG Price$0.023
Fully Diluted Valuation$12.44m
$PNG Volume 24h$543,054
CEX Volume$198,080
DEX Volume$361,817(66.63% of total)
Staked$328,462(5.92% of mcap)
Protocol Information
Pangolin is a decentralized exchange (DEX) launched in 2021 by AvaLabs
- Pangolin V2Dexs
- Pangolin V3Dexs
Yields
Pools Tracked24
Average Supply APY8.55%
User Activity
Active Addresses (24h)10
New Addresses (24h)1
Transactions (24h)198
Gas Used (24h)0.24 AVAX
Gas Cost (24h)$2
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
Pangolin history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Feb 10, 2021 to Nov 9, 2026.
All-time high TVL: $483.75m on Nov 22, 2021. All-time low TVL: $1.6m on Jun 26, 2026.
Daily TVL, Oct 11, 2026 to Nov 9, 2026
| Date | TVL |
|---|---|
| Oct 11, 2026 | $2.39m |
| Oct 12, 2026 | $2.47m |
| Oct 13, 2026 | $2.31m |
| Oct 14, 2026 | $2.34m |
| Oct 15, 2026 | $2.28m |
| Oct 16, 2026 | $2.29m |
| Oct 17, 2026 | $2.27m |
| Oct 18, 2026 | $2.22m |
| Oct 19, 2026 | $2.21m |
| Oct 20, 2026 | $2.19m |
| Oct 21, 2026 | $2.21m |
| Oct 22, 2026 | $2.21m |
| Oct 23, 2026 | $2.12m |
| Oct 24, 2026 | $2.11m |
| Oct 25, 2026 | $2.09m |
| Oct 26, 2026 | $2.08m |
| Oct 27, 2026 | $2.08m |
| Oct 28, 2026 | $2.08m |
| Oct 29, 2026 | $1.99m |
| Oct 30, 2026 | $1.86m |
| Oct 31, 2026 | $1.93m |
| Nov 1, 2026 | $1.91m |
| Nov 2, 2026 | $1.94m |
| Nov 3, 2026 | $1.87m |
| Nov 4, 2026 | $1.88m |
| Nov 5, 2026 | $1.94m |
| Nov 6, 2026 | $1.83m |
| Nov 7, 2026 | $1.85m |
| Nov 8, 2026 | $1.83m |
| Nov 9, 2026 | $1.8m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $9.94m |
| Jan 31, 2025 | $9m |
| Feb 28, 2025 | $6.16m |
| Mar 31, 2025 | $4.35m |
| Apr 30, 2025 | $4.69m |
| May 31, 2025 | $4.66m |
| Jun 30, 2025 | $4.27m |
| Jul 31, 2025 | $4.71m |
| Aug 31, 2025 | $5.83m |
| Sep 30, 2025 | $6.58m |
| Oct 31, 2025 | $4.66m |
| Nov 30, 2025 | $3.53m |
| Dec 31, 2025 | $2.8m |
| Jan 31, 2026 | $2.86m |
| Feb 28, 2026 | $2.24m |
| Mar 31, 2026 | $2.13m |
| Apr 30, 2026 | $2.29m |
| May 31, 2026 | $2.62m |
| Jun 30, 2026 | $1.67m |
| Jul 31, 2026 | $1.66m |
| Aug 31, 2026 | $1.9m |
| Sep 30, 2026 | $2.53m |
| Oct 31, 2026 | $1.93m |
| Nov 9, 2026 (latest) | $1.8m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $312.72m |
| Dec 31, 2022 | $24.98m |
| Dec 31, 2023 | $33.26m |
| Dec 31, 2024 | $9.94m |
| Dec 31, 2025 | $2.8m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $93,834 | $15,642 | $13,293 |
| Jan 2025 | $38,226 | $6,374 | $5,416 |
| Feb 2025 | $39,952 | $6,658 | $5,659 |
| Mar 2025 | $38,837 | $6,473 | $5,499 |
| Apr 2025 | $19,632 | $3,266 | $2,776 |
| May 2025 | $31,128 | $5,214 | $4,376 |
| Jun 2025 | $20,461 | $3,471 | $2,824 |
| Jul 2025 | $25,292 | $4,276 | $3,506 |
| Aug 2025 | $25,268 | $4,341 | $3,417 |
| Sep 2025 | $34,387 | $5,972 | $4,569 |
| Oct 2025 | $37,876 | $6,791 | $4,767 |
| Nov 2025 | $31,559 | $5,791 | $3,803 |
| Dec 2025 | $20,699 | $3,801 | $2,487 |
| Jan 2026 | $14,458 | $2,597 | $1,816 |
| Feb 2026 | $11,887 | $2,166 | $1,461 |
| Mar 2026 | $13,839 | $2,544 | $1,667 |
| Apr 2026 | $9,590 | $1,714 | $1,203 |
| May 2026 | $11,791 | $2,170 | $1,414 |
| Jun 2026 | $12,917 | $2,391 | $1,532 |
| Jul 2026 | $6,664 | $1,197 | $833.13 |
| Aug 2026 | $5,783 | $1,036 | $731.82 |
| Sep 2026 | $18,460 | $3,174 | $2,494 |
| Oct 2026 | $9,458 | $1,620 | $1,283 |
| Nov 2026 (to date) | $2,645 | $450.09 | $362.80 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pangolin
Frequently asked questions
What is Pangolin's TVL?
As of Nov 9, 2026, Pangolin has $1.88m in total value locked. TVL has decreased 21% over the past 30 days.
What chains does Pangolin operate on?
Pangolin operates on 5 chains: Avalanche, Hedera, Flare, Songbird, and Monad. Avalanche holds the largest share at 98.7%.
How much has Pangolin generated in fees and revenue?
Over the past 30 days, Pangolin generated $7,746 in fees. Of that, $1,327 was protocol revenue. Based on the trailing year, the annualized rate is $159,183 in fees and $28,690 in revenue.
What is the PNG token price and valuation?
PNG is currently trading at $0.023. Its circulating market capitalization is $5.55m, ranking it #1,941. Its fully diluted valuation is $12.44m. Supply currently stands at 239.92m circulating, 538m total supply, 538m maximum supply.
How has PNG performed recently?
PNG is up 0.9% over the past 7 days and down 28.7% over the past 30 days. Its all-time high is $18.85, reached on Feb 19, 2021. The token is currently 99.9% below that level.
How does Pangolin's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Pangolin ranks #172 by TVL. The category holds $12.265b across 1,930 protocols, and Pangolin accounts for <0.1% of that total. Similar protocols include Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, Metric V1, Balancer V3, Joe DEX, Enosys AMM V3, WOOFi Swap, and Joe V2.2.
How much trading volume does Pangolin process?
Pangolin processed $13.85m in DEX volume over the past 30 days.