Protocol Information
QuipuSwap is an open-source protocol that provides an interface for the seamless decentralized exchange of Tezos-based Tokens, stable swap with dividends, and farming features. Liquidity providers may earn fees from trading, baking rewards, or receive rewards from staking tokens on farms. QuipuSwap smart contracts were developed by the MadFish Team and audited by Least Authority and Runtime Verification companies.
Sub Category: CLMM
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
QuipuSwap V3 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 6, 2023 to Oct 27, 2026.
All-time high TVL: $592,937 on May 10, 2024. All-time low TVL: $26,404 on Apr 17, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $51,362 |
| Sep 29, 2026 | $51,099 |
| Sep 30, 2026 | $50,626 |
| Oct 1, 2026 | $52,336 |
| Oct 2, 2026 | $52,699 |
| Oct 3, 2026 | $51,779 |
| Oct 4, 2026 | $50,989 |
| Oct 5, 2026 | $51,656 |
| Oct 6, 2026 | $51,080 |
| Oct 7, 2026 | $52,009 |
| Oct 8, 2026 | $50,340 |
| Oct 9, 2026 | $47,668 |
| Oct 10, 2026 | $48,572 |
| Oct 11, 2026 | $48,911 |
| Oct 12, 2026 | $50,971 |
| Oct 13, 2026 | $50,799 |
| Oct 14, 2026 | $50,617 |
| Oct 15, 2026 | $47,452 |
| Oct 16, 2026 | $49,100 |
| Oct 17, 2026 | $50,003 |
| Oct 18, 2026 | $48,022 |
| Oct 19, 2026 | $48,094 |
| Oct 20, 2026 | $48,326 |
| Oct 21, 2026 | $49,530 |
| Oct 22, 2026 | $159,848 |
| Oct 23, 2026 | $158,595 |
| Oct 24, 2026 | $158,199 |
| Oct 25, 2026 | $47,754 |
| Oct 26, 2026 | $46,326 |
| Oct 27, 2026 | $156,504 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $179,916 |
| Dec 31, 2024 | $178,820 |
| Jan 31, 2025 | $159,673 |
| Feb 28, 2025 | $143,534 |
| Mar 31, 2025 | $32,427 |
| Apr 30, 2025 | $27,887 |
| May 31, 2025 | $28,258 |
| Jun 30, 2025 | $141,763 |
| Jul 31, 2025 | $179,194 |
| Aug 31, 2025 | $150,265 |
| Sep 30, 2025 | $144,793 |
| Oct 31, 2025 | $130,679 |
| Nov 30, 2025 | $113,475 |
| Dec 31, 2025 | $119,305 |
| Jan 31, 2026 | $91,607 |
| Feb 28, 2026 | $72,023 |
| Mar 31, 2026 | $74,271 |
| Apr 30, 2026 | $70,548 |
| May 31, 2026 | $70,801 |
| Jun 30, 2026 | $63,024 |
| Jul 31, 2026 | $43,607 |
| Aug 31, 2026 | $45,761 |
| Sep 30, 2026 | $50,626 |
| Oct 27, 2026 (latest) | $156,504 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $204,031 |
| Dec 31, 2024 | $178,820 |
| Dec 31, 2025 | $119,305 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/quipuswap-v3
Frequently asked questions
What is QuipuSwap V3's TVL?
As of Oct 27, 2026, QuipuSwap V3 has $156,504 in total value locked. TVL has increased 186.1% over the past 30 days.
What chains does QuipuSwap V3 operate on?
QuipuSwap V3 operates on Tezos. Tezos holds the largest share at 100%.
How does QuipuSwap V3's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, QuipuSwap V3 ranks #495 by TVL. The category holds $13.382b across 1,923 protocols, and QuipuSwap V3 accounts for <0.1% of that total. Similar protocols include Sirius, QuipuSwap V1, ctez, QuipuSwap V2, SpicySwap, QuipuSwap Stableswap, Plenty, Dexter Exchange, Vortex Protocol, and AliensFarm.