Total Value Locked$1.7m
TVL by Chain
Avalanche$1.68m
Hedera$20,040
Flare$1,437
Songbird$0
Key Metrics
Fees 30d$7,536
Fees 30d by chain
Avalanche$7,536
Fees 7d$2,343
Avalanche$2,343
Fees 24h$171
Avalanche$171
Cumulative Fees$54.09m
Avalanche$54.09m
Revenue 30d$1,255
Revenue 30d by chain
Avalanche$1,255
Revenue 7d$391.10
Avalanche$391.10
Revenue 24h$28.67
Avalanche$28.67
Cumulative Revenue$9.01m
Avalanche$9.01m
Holders Revenue 30d$1,067
Holders Revenue 30d by chain
Avalanche$1,067
Holders Revenue 7d$331.72
Avalanche$331.72
Holders Revenue 24h$24.37
Avalanche$24.37
Cumulative Holders Revenue$7.66m
Avalanche$7.66m
DEX Volume 30d$2.51m
DEX Volume 30d by chain
Avalanche$2.51m
DEX Volume 7d$782,537
Avalanche$782,537
DEX Volume 24h$57,345
Avalanche$57,345
Cumulative DEX Volume$18.032b
Avalanche$18.032b
Staked$325,456
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 Tracked24
Average Supply APY2.47%
User Activity
Active Addresses (24h)8
New Addresses (24h)4
Transactions (24h)189
Gas Used (24h)0.23 AVAX
Gas Cost (24h)$1.96
Competitors
Pangolin V2 history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Feb 10, 2021 to Nov 13, 2026.
All-time high TVL: $483.75m on Nov 22, 2021. All-time low TVL: $1.45m on Jun 20, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 24, 2026 | $1.86m |
| Oct 25, 2026 | $1.84m |
| Oct 26, 2026 | $1.83m |
| Oct 27, 2026 | $1.83m |
| Oct 28, 2026 | $1.83m |
| Oct 29, 2026 | $1.83m |
| Oct 30, 2026 | $1.71m |
| Oct 31, 2026 | $1.78m |
| Nov 1, 2026 | $1.76m |
| Nov 2, 2026 | $1.79m |
| Nov 3, 2026 | $1.73m |
| Nov 4, 2026 | $1.74m |
| Nov 5, 2026 | $1.79m |
| Nov 6, 2026 | $1.7m |
| Nov 7, 2026 | $1.72m |
| Nov 8, 2026 | $1.7m |
| Nov 9, 2026 | $1.67m |
| Nov 10, 2026 | $1.74m |
| Nov 11, 2026 | $1.72m |
| Nov 12, 2026 | $1.74m |
| Nov 13, 2026 | $1.71m |
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 | $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 31, 2026 | $1.78m |
| Nov 13, 2026 (latest) | $1.71m |
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, 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 | $19,612 | $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 | $8,071 | $1,343 | $1,144 |
| Nov 2026 (to date) | $3,668 | $611.64 | $519.34 |
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 Nov 13, 2026, Pangolin V2 has $1.7m in total value locked. TVL has decreased 16.5% 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 98.7%.
How much has Pangolin V2 generated in fees and revenue?
Over the past 30 days, Pangolin V2 generated $7,536 in fees. Of that, $1,255 was protocol revenue. Based on the trailing year, the annualized rate is $93,425 in fees and $15,569 in revenue.
How does Pangolin V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Pangolin V2 ranks #178 by TVL. The category holds $12.004b across 1,935 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 $2.51m in DEX volume over the past 30 days.