Ask about Pangolin · freeTotal Value Locked$2.07m
TVL by Chain
Avalanche$2.04m
Hedera$22,347
Flare$1,663
Monad$1,435
Songbird$0
Key Metrics
Fees 30d$16,791
Fees 30d by chain
Avalanche$16,789
Monad$2.51
Fees 7d$1,446
Avalanche$1,446
Monad$0.19
Fees 24h$156.01
Avalanche$156
Monad$0.01
Cumulative Fees$54.18m
Avalanche$54.18m
Monad$4,065
Revenue 30d$2,859
Revenue 30d by chain
Avalanche$2,859
Monad$0.48
Revenue 7d$248.40
Avalanche$248.37
Monad$0.03
Revenue 24h$26.85
Avalanche$26.85
Monad$0
Cumulative Revenue$9.03m
Avalanche$9.03m
Monad$813.51
Holders Revenue 30d$2,300
Holders Revenue 30d by chain
Avalanche$2,299
Monad$0.24
Holders Revenue 7d$194.46
Avalanche$194.45
Monad$0.01
Holders Revenue 24h$20.97
Avalanche$20.97
Monad$0
Cumulative Holders Revenue$7.67m
Avalanche$7.67m
Monad$405.20
DEX Volume 30d$25.98m
DEX Volume 30d by chain
Avalanche$25.96m
Monad$16,848
DEX Volume 7d$3.43m
Avalanche$3.43m
Monad$1,977
DEX Volume 24h$232,834
Avalanche$232,773
Monad$61
Cumulative DEX Volume$19.3b
Avalanche$19.297b
Monad$2.93m
Market Cap$6.22m
$PNG Price$0.026
Fully Diluted Valuation$13.98m
$PNG Volume 24h$402,754
CEX Volume$118,857
DEX Volume$286,716(71.19% of total)
Staked$368,286(5.92% of mcap)
Protocol Information
Pangolin is a decentralized exchange (DEX) launched in 2021 by AvaLabs
- Pangolin V2Dexs
- Pangolin V3Dexs
Yields
Pools Tracked26
Average Supply APY1.99%
User Activity
Active Addresses (24h)9
New Addresses (24h)0
Transactions (24h)119
Gas Used (24h)0.12 AVAX
Gas Cost (24h)$1.05
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 Oct 25, 2026.
All-time high TVL: $483.75m on Nov 22, 2021. All-time low TVL: $1.6m on Jun 26, 2026.
Daily TVL, Sep 26, 2026 to Oct 25, 2026
| Date | TVL |
|---|---|
| Sep 26, 2026 | $2.49m |
| Sep 27, 2026 | $2.49m |
| Sep 28, 2026 | $2.48m |
| Sep 29, 2026 | $2.48m |
| Sep 30, 2026 | $2.53m |
| Oct 1, 2026 | $2.47m |
| Oct 2, 2026 | $2.49m |
| Oct 3, 2026 | $2.45m |
| Oct 4, 2026 | $2.5m |
| Oct 5, 2026 | $2.51m |
| Oct 6, 2026 | $2.5m |
| Oct 7, 2026 | $2.57m |
| Oct 8, 2026 | $2.48m |
| Oct 9, 2026 | $2.35m |
| Oct 10, 2026 | $2.38m |
| 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 |
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 | $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 25, 2026 (latest) | $2.09m |
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, 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 | $19,632 | $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 (to date) | $7,743 | $1,325 | $1,051 |
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 Oct 25, 2026, Pangolin has $2.07m in total value locked. TVL has decreased 10.9% 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 98.8%.
How much has Pangolin generated in fees and revenue?
Over the past 30 days, Pangolin generated $16,791 in fees. Of that, $2,859 was protocol revenue. Based on the trailing year, the annualized rate is $171,906 in fees and $31,131 in revenue.
What is the PNG token price and valuation?
PNG is currently trading at $0.026. Its circulating market capitalization is $6.22m, ranking it #1,806. Its fully diluted valuation is $13.98m. Supply currently stands at 239.22m circulating, 538m total supply, 538m maximum supply.
How has PNG performed recently?
PNG is down 9% over the past 7 days and down 7.7% 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 #169 by TVL. The category holds $13.859b across 1,920 protocols, and Pangolin accounts for <0.1% of that total. Similar protocols include Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, Balancer V3, Metric V1, Joe DEX, Enosys AMM V3, WOOFi Swap, and Joe V2.2.
How much trading volume does Pangolin process?
Pangolin processed $25.98m in DEX volume over the past 30 days.