Ask about Shell Protocol · freeTotal Value Locked$124,306
TVL by Chain
Arbitrum$124,306
Key Metrics
Cumulative DEX Volume$101.97m
Cumulative DEX Volume by chain
Arbitrum$101.97m
Protocol Information
DeFi hub for users & builders. Breakthrough accounting architecture and AMM engine.
Sub Category: AMM
Methodology
TVL: Sums up the value of all tokens wrapped into Shell v2View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Shell Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 21, 2022 to Oct 22, 2026.
All-time high TVL: $16.88m on Jun 3, 2023. All-time low TVL: $109,587 on Jun 26, 2026.
Daily TVL, Sep 23, 2026 to Oct 22, 2026
| Date | TVL |
|---|---|
| Sep 23, 2026 | $137,908 |
| Sep 24, 2026 | $134,974 |
| Sep 25, 2026 | $134,763 |
| Sep 26, 2026 | $135,304 |
| Sep 27, 2026 | $135,442 |
| Sep 28, 2026 | $134,098 |
| Sep 29, 2026 | $133,342 |
| Sep 30, 2026 | $130,570 |
| Oct 1, 2026 | $131,089 |
| Oct 2, 2026 | $131,626 |
| Oct 3, 2026 | $130,570 |
| Oct 4, 2026 | $130,889 |
| Oct 5, 2026 | $131,928 |
| Oct 6, 2026 | $131,675 |
| Oct 7, 2026 | $131,206 |
| Oct 8, 2026 | $127,592 |
| Oct 9, 2026 | $125,415 |
| Oct 10, 2026 | $126,256 |
| Oct 11, 2026 | $127,034 |
| Oct 12, 2026 | $127,822 |
| Oct 13, 2026 | $125,540 |
| Oct 14, 2026 | $127,062 |
| Oct 15, 2026 | $124,731 |
| Oct 16, 2026 | $125,374 |
| Oct 17, 2026 | $125,005 |
| Oct 18, 2026 | $124,263 |
| Oct 19, 2026 | $125,080 |
| Oct 20, 2026 | $124,393 |
| Oct 21, 2026 | $125,533 |
| Oct 22, 2026 | $126,307 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $284,119 |
| Dec 31, 2024 | $242,754 |
| Jan 31, 2025 | $238,801 |
| Feb 28, 2025 | $190,660 |
| Mar 31, 2025 | $168,353 |
| Apr 30, 2025 | $169,562 |
| May 31, 2025 | $187,909 |
| Jun 30, 2025 | $184,351 |
| Jul 31, 2025 | $215,094 |
| Aug 31, 2025 | $221,354 |
| Sep 30, 2025 | $209,020 |
| Oct 31, 2025 | $194,035 |
| Nov 30, 2025 | $165,177 |
| Dec 31, 2025 | $161,848 |
| Jan 31, 2026 | $146,588 |
| Feb 28, 2026 | $122,797 |
| Mar 31, 2026 | $124,422 |
| Apr 30, 2026 | $131,726 |
| May 31, 2026 | $124,920 |
| Jun 30, 2026 | $110,435 |
| Jul 31, 2026 | $114,641 |
| Aug 31, 2026 | $125,734 |
| Sep 30, 2026 | $130,570 |
| Oct 22, 2026 (latest) | $126,307 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $16.34m |
| Dec 31, 2023 | $5.37m |
| Dec 31, 2024 | $242,754 |
| Dec 31, 2025 | $161,848 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/shell-protocol
Frequently asked questions
What is Shell Protocol's TVL?
As of Oct 22, 2026, Shell Protocol has $124,306 in total value locked. TVL has decreased 8.9% over the past 30 days.
What chains does Shell Protocol operate on?
Shell Protocol operates on Arbitrum. Arbitrum holds the largest share at 100%.
How does Shell Protocol's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Shell Protocol ranks #540 by TVL. The category holds $13.949b across 1,921 protocols, and Shell Protocol accounts for <0.1% of that total. Similar protocols include Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, Uniswap V2, PancakeSwap AMM V3, Fluid DEX, Aero, SushiSwap V3, and SushiSwap.