Ask about Platypus Finance · freePlatypus Finance(PTP)
Total Value Locked$24,561
TVL by Chain
Avalanche$24,561
Key Metrics
DEX Volume 30d$118,754
DEX Volume 30d by chain
Avalanche$118,754
DEX Volume 7d$53,265
Avalanche$53,265
DEX Volume 24h$2,510
Avalanche$2,510
Cumulative DEX Volume$11.908b
Avalanche$11.908b
Staked$0
Total Raised$3.3m
Dec 2, 2021$3.3mRound: SeedInvestors: Three Arrows Capital, DeFiance Capital, 0x Ventures, Avalanche Labs, Avalaunch, Benqi Finance, CMS Holdings, Colony, Genesis Global Trading, Hailstone Ventures, KeyChain Capital, Mechanism Capital, MC Ventures, TPS Capital, Valhalla Capital, Yield Yak
User Activity
Active Addresses (24h)0
New Addresses (24h)0
Transactions (24h)0
Gas Used (24h)0 AVAX
Gas Cost (24h)$0
Hacks
Date: Feb 16, 2023
Amount: $8.5m
Classification: Protocol Logic
Technique: Unknown
Platypus Finance was exploited for $8.5M via flashloan. The attacker manipulated the solvency check's cash/liability ratio calculation by depositing to increase liability and performing swaps to reduce cash, artificially inflating slippage.
Chains: Avalanche
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $222,634
Date: Jul 12, 2023
Amount: $50,000
Classification: Protocol Logic
Technique: Withdrawal Logic Flaw
Platypus's liquidity conversion logic for LP-USDC assumed a 1:1 ratio between USDC and USDC.e, ignoring market price discrepancies. When exchanging USDC for USDC.e, the calculation produced unreasonably large quantities, allowing arbitrageurs to extract value.
Chains: Avalanche
Language: Solidity
Target Type: DeFi Protocol
Competitors
Platypus Finance history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Nov 27, 2021 to Nov 11, 2026.
All-time high TVL: $1.255b on Mar 17, 2022. All-time low TVL: $3 on Nov 27, 2021.
Daily TVL, Oct 13, 2026 to Nov 11, 2026
| Date | TVL |
|---|---|
| Oct 13, 2026 | $26,972 |
| Oct 14, 2026 | $27,446 |
| Oct 15, 2026 | $26,976 |
| Oct 16, 2026 | $27,036 |
| Oct 17, 2026 | $27,243 |
| Oct 18, 2026 | $27,431 |
| Oct 19, 2026 | $26,387 |
| Oct 20, 2026 | $26,338 |
| Oct 21, 2026 | $26,929 |
| Oct 22, 2026 | $26,818 |
| Oct 23, 2026 | $25,919 |
| Oct 24, 2026 | $26,431 |
| Oct 25, 2026 | $26,579 |
| Oct 26, 2026 | $26,768 |
| Oct 27, 2026 | $26,687 |
| Oct 28, 2026 | $27,011 |
| Oct 29, 2026 | $27,089 |
| Oct 30, 2026 | $25,482 |
| Oct 31, 2026 | $25,755 |
| Nov 1, 2026 | $25,558 |
| Nov 2, 2026 | $25,634 |
| Nov 3, 2026 | $25,078 |
| Nov 4, 2026 | $25,190 |
| Nov 5, 2026 | $25,394 |
| Nov 6, 2026 | $24,267 |
| Nov 7, 2026 | $24,647 |
| Nov 8, 2026 | $24,269 |
| Nov 9, 2026 | $23,826 |
| Nov 10, 2026 | $24,303 |
| Nov 11, 2026 | $24,395 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $123,750 |
| Jan 31, 2025 | $103,180 |
| Feb 28, 2025 | $96,676 |
| Mar 31, 2025 | $88,391 |
| Apr 30, 2025 | $89,914 |
| May 31, 2025 | $66,641 |
| Jun 30, 2025 | $61,862 |
| Jul 31, 2025 | $71,737 |
| Aug 31, 2025 | $72,698 |
| Sep 30, 2025 | $68,076 |
| Oct 31, 2025 | $57,347 |
| Nov 30, 2025 | $50,977 |
| Dec 31, 2025 | $51,314 |
| Jan 31, 2026 | $50,250 |
| Feb 28, 2026 | $46,888 |
| Mar 31, 2026 | $45,715 |
| Apr 30, 2026 | $48,976 |
| May 31, 2026 | $52,495 |
| Jun 30, 2026 | $33,658 |
| Jul 31, 2026 | $27,746 |
| Aug 31, 2026 | $27,416 |
| Sep 30, 2026 | $28,788 |
| Oct 31, 2026 | $25,755 |
| Nov 11, 2026 (latest) | $24,395 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $10m |
| Dec 31, 2022 | $34.39m |
| Dec 31, 2023 | $132,295 |
| Dec 31, 2024 | $123,750 |
| Dec 31, 2025 | $51,314 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/platypus-finance
Frequently asked questions
What is Platypus Finance's TVL?
As of Nov 11, 2026, Platypus Finance has $24,561 in total value locked. TVL has decreased 12.2% over the past 30 days.
What chains does Platypus Finance operate on?
Platypus Finance operates on Avalanche. Avalanche holds the largest share at 100%.
How does Platypus Finance's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Platypus Finance ranks #823 by TVL. The category holds $12.052b across 1,933 protocols, and Platypus Finance accounts for <0.1% of that total. Similar protocols include Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, THORChain DEX, SushiSwap V3, SushiSwap, Pharaoh V3, Metric V1, and Balancer V2.
How much trading volume does Platypus Finance process?
Platypus Finance processed $118,754 in DEX volume over the past 30 days.
Has Platypus Finance ever been exploited?
Platypus Finance has 2 recorded security incidents. The most recent incident occurred on Jul 12, 2023 and involved $50,000. It was classified as Protocol Logic.