Total Value Locked$1.87m
TVL by Chain
Avalanche$1.85m
Hedera$25,040
Flare$1,701
Songbird$0
Key Metrics
Fees 30d$15,483
Fees 30d by chain
Avalanche$15,483
Fees 7d$1,422
Avalanche$1,422
Fees 24h$122
Avalanche$122
Cumulative Fees$54.08m
Avalanche$54.08m
Revenue 30d$2,576
Revenue 30d by chain
Avalanche$2,576
Revenue 7d$235.89
Avalanche$235.89
Revenue 24h$20.31
Avalanche$20.31
Cumulative Revenue$9.01m
Avalanche$9.01m
Holders Revenue 30d$2,196
Holders Revenue 30d by chain
Avalanche$2,196
Holders Revenue 7d$201.34
Avalanche$201.34
Holders Revenue 24h$17.27
Avalanche$17.27
Cumulative Holders Revenue$7.66m
Avalanche$7.66m
DEX Volume 30d$5.14m
DEX Volume 30d by chain
Avalanche$5.14m
DEX Volume 7d$473,682
Avalanche$473,682
DEX Volume 24h$40,596
Avalanche$40,596
Cumulative DEX Volume$18.03b
Avalanche$18.03b
Staked$394,711
Protocol Information
Pangolin is a community-driven DEX that runs on multiple blockchains.
Sub Category: AMM
Audits:No
Methodology
TVL: The Pangolin factory contract address are used to obtain the balance held in every LP pair and the stake contract is used to get the locked PNG balance.View code on GitHubFees: 0.3% fee charged on each swap.View code on GitHubRevenue: 0.05% of trade volume is protocol revenue.View code on GitHubHolders Revenue: 0.0425% of trade volume goes to token holders.View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubYields
Pools Tracked26
Average Supply APY1.85%
User Activity
Active Addresses (24h)15
New Addresses (24h)3
Transactions (24h)78
Gas Used (24h)0.05 AVAX
Gas Cost (24h)$0.45
Competitors
Pangolin V2 history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Feb 10, 2021 to Oct 23, 2026.
All-time high TVL: $483.75m on Nov 22, 2021. All-time low TVL: $1.45m on Jun 20, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $1.99m |
| Sep 25, 2026 | $2m |
| Sep 26, 2026 | $2.15m |
| Sep 27, 2026 | $2.15m |
| Sep 28, 2026 | $2.15m |
| Sep 29, 2026 | $2.17m |
| Sep 30, 2026 | $2.22m |
| Oct 1, 2026 | $2.16m |
| Oct 2, 2026 | $2.18m |
| Oct 3, 2026 | $2.14m |
| Oct 4, 2026 | $2.19m |
| Oct 5, 2026 | $2.2m |
| Oct 6, 2026 | $2.2m |
| Oct 7, 2026 | $2.24m |
| Oct 8, 2026 | $2.16m |
| Oct 9, 2026 | $2.04m |
| Oct 10, 2026 | $2.07m |
| Oct 11, 2026 | $2.07m |
| Oct 12, 2026 | $2.15m |
| Oct 13, 2026 | $2m |
| Oct 14, 2026 | $2.04m |
| Oct 15, 2026 | $2m |
| Oct 16, 2026 | $2.01m |
| Oct 17, 2026 | $1.99m |
| Oct 18, 2026 | $1.96m |
| Oct 19, 2026 | $1.95m |
| Oct 20, 2026 | $1.93m |
| Oct 21, 2026 | $1.96m |
| Oct 22, 2026 | $1.95m |
| Oct 23, 2026 | $1.87m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $12.56m |
| 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 | $4.83m |
| Sep 30, 2025 | $5.42m |
| Oct 31, 2025 | $3.67m |
| Nov 30, 2025 | $2.92m |
| Dec 31, 2025 | $2.41m |
| Jan 31, 2026 | $2.17m |
| Feb 28, 2026 | $1.84m |
| Mar 31, 2026 | $1.83m |
| Apr 30, 2026 | $1.91m |
| May 31, 2026 | $1.85m |
| Jun 30, 2026 | $1.52m |
| Jul 31, 2026 | $1.49m |
| Aug 31, 2026 | $1.61m |
| Sep 30, 2026 | $2.22m |
| Oct 23, 2026 (latest) | $1.87m |
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 | $2.41m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $70,918 | $11,817 | $10,049 |
| 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 | $19,612 | $3,265 | $2,776 |
| May 2025 | $30,281 | $5,046 | $4,292 |
| Jun 2025 | $18,679 | $3,114 | $2,648 |
| Jul 2025 | $23,454 | $3,908 | $3,324 |
| Aug 2025 | $21,343 | $3,557 | $3,024 |
| Sep 2025 | $27,085 | $4,514 | $3,837 |
| Oct 2025 | $23,516 | $3,920 | $3,331 |
| Nov 2025 | $15,558 | $2,594 | $2,204 |
| Dec 2025 | $10,092 | $1,682 | $1,428 |
| Jan 2026 | $8,848 | $1,476 | $1,253 |
| Feb 2026 | $6,503 | $1,085 | $921 |
| Mar 2026 | $6,799 | $1,136 | $964 |
| Apr 2026 | $5,988 | $996 | $846 |
| May 2026 | $5,595 | $930 | $793.34 |
| Jun 2026 | $5,768 | $964.12 | $817.21 |
| Jul 2026 | $4,003 | $666.55 | $567.16 |
| Aug 2026 | $3,620 | $603.33 | $515.17 |
| Sep 2026 | $15,494 | $2,580 | $2,197 |
| Oct 2026 (to date) | $6,312 | $1,049 | $894.81 |
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-v2
Frequently asked questions
What is Pangolin V2's TVL?
As of Oct 23, 2026, Pangolin V2 has $1.87m in total value locked. TVL has decreased 12.3% over the past 30 days.
What chains does Pangolin V2 operate on?
Pangolin V2 operates on 4 chains: Avalanche, Hedera, Flare, and Songbird. Avalanche holds the largest share at 98.6%.
How much has Pangolin V2 generated in fees and revenue?
Over the past 30 days, Pangolin V2 generated $15,483 in fees. Of that, $2,576 was protocol revenue. Based on the trailing year, the annualized rate is $97,884 in fees and $16,313 in revenue.
How does Pangolin V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Pangolin V2 ranks #185 by TVL. The category holds $14.032b across 1,921 protocols, and Pangolin V2 accounts for <0.1% of that total. Similar protocols include Enosys AMM V3, BlazeSwap, Enosys AMM V2, Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, THORChain DEX, SushiSwap V3, and SushiSwap.
How much trading volume does Pangolin V2 process?
Pangolin V2 processed $5.14m in DEX volume over the past 30 days.