Total Value Locked$462,313
TVL by Chain
Cardano$462,313
Key Metrics
Fees 30d$245.06
Fees 30d by chain
Cardano$245.06
Fees 7d$51.62
Cardano$51.62
Fees 24h$0.17
Cardano$0.17
Cumulative Fees$860,467
Cardano$860,467
Revenue 30d$0
Revenue 30d by chain
Cardano$0
Revenue 7d$0
Cardano$0
Revenue 24h$0
Cardano$0
Cumulative Revenue$0
Cardano$0
Holders Revenue 30d$0
Holders Revenue 30d by chain
Cardano$0
Holders Revenue 7d$0
Cardano$0
Holders Revenue 24h$0
Cardano$0
Cumulative Holders Revenue$0
Cardano$0
DEX Volume 30d$70,145
DEX Volume 30d by chain
Cardano$70,145
DEX Volume 7d$16,095
Cardano$16,095
DEX Volume 24h$58
Cardano$58
Cumulative DEX Volume$158.93m
Cardano$158.93m
Total Raised$1.3m
Sep 21, 2021$1.3mRound: SeedInvestors: Alameda Research, cFund, Double Peak Group
Protocol Information
The first native AMM-based decentralized exchange and liquidity provision protocol on Cardano.
Sub Category: AMM
Audits:No
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: The total trading fees paid by users, excluding L1 transaction fees. Only the 50 largest SundaeSwap pools by current TVL (across all versions) are counted, and the same current set is used for past dates, so pools that were large in the past but are not in today's top 50 are excluded.View code on GitHubRevenue: A fixed ADA cost per transaction that is collected by the protocol. Only the 50 largest SundaeSwap pools by current TVL (across all versions) are counted, and the same current set is used for past dates, so pools that were large in the past but are not in today's top 50 are excluded.View code on GitHubHolders Revenue: The share of the fixed ADA cost per transaction going to holders: 15% since May 2024, 0% before. Only the 50 largest SundaeSwap pools by current TVL (across all versions) are counted, and the same current set is used for past dates, so pools that were large in the past but are not in today's top 50 are excluded.View code on GitHubDEX Volume: Swap volume across SundaeSwap pools, counted once per trade in the pool's first asset. Only the 50 largest SundaeSwap pools by current TVL (across all versions) are counted, and the same current set is used for past dates, so pools that were large in the past but are not in today's top 50 are excluded.View code on GitHubCompetitors
SundaeSwap V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 21, 2022 to Nov 1, 2026.
All-time high TVL: $126.89m on Feb 20, 2022. All-time low TVL: $356,113 on Jul 1, 2026.
Daily TVL, Oct 3, 2026 to Nov 1, 2026
| Date | TVL |
|---|---|
| Oct 3, 2026 | $610,806 |
| Oct 4, 2026 | $602,649 |
| Oct 5, 2026 | $638,519 |
| Oct 6, 2026 | $669,830 |
| Oct 7, 2026 | $658,357 |
| Oct 8, 2026 | $630,961 |
| Oct 9, 2026 | $571,297 |
| Oct 10, 2026 | $600,833 |
| Oct 11, 2026 | $609,424 |
| Oct 12, 2026 | $617,114 |
| Oct 13, 2026 | $561,547 |
| Oct 14, 2026 | $588,015 |
| Oct 15, 2026 | $563,443 |
| Oct 16, 2026 | $563,946 |
| Oct 17, 2026 | $550,917 |
| Oct 18, 2026 | $535,354 |
| Oct 19, 2026 | $537,436 |
| Oct 20, 2026 | $530,169 |
| Oct 21, 2026 | $547,744 |
| Oct 22, 2026 | $552,162 |
| Oct 23, 2026 | $514,177 |
| Oct 24, 2026 | $510,154 |
| Oct 25, 2026 | $505,478 |
| Oct 26, 2026 | $496,423 |
| Oct 27, 2026 | $501,995 |
| Oct 28, 2026 | $492,549 |
| Oct 29, 2026 | $494,142 |
| Oct 30, 2026 | $443,049 |
| Oct 31, 2026 | $468,794 |
| Nov 1, 2026 | $462,984 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $4.08m |
| Jan 31, 2025 | $4.05m |
| Feb 28, 2025 | $2.63m |
| Mar 31, 2025 | $2.47m |
| Apr 30, 2025 | $2.53m |
| May 31, 2025 | $2.4m |
| Jun 30, 2025 | $2m |
| Jul 31, 2025 | $2.53m |
| Aug 31, 2025 | $2.64m |
| Sep 30, 2025 | $2.64m |
| Oct 31, 2025 | $1.88m |
| Nov 30, 2025 | $1.26m |
| Dec 31, 2025 | $986,608 |
| Jan 31, 2026 | $880,144 |
| Feb 28, 2026 | $764,511 |
| Mar 31, 2026 | $657,105 |
| Apr 30, 2026 | $637,375 |
| May 31, 2026 | $591,775 |
| Jun 30, 2026 | $358,692 |
| Jul 31, 2026 | $414,401 |
| Aug 31, 2026 | $480,474 |
| Sep 30, 2026 | $599,654 |
| Oct 31, 2026 | $468,794 |
| Nov 1, 2026 (latest) | $462,984 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $5.9m |
| Dec 31, 2023 | $10.67m |
| Dec 31, 2024 | $4.08m |
| Dec 31, 2025 | $986,608 |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $18,529 | $0 | $0 |
| Dec 2024 | $19,151 | $0 | $0 |
| Jan 2025 | $7,950 | $0 | $0 |
| Feb 2025 | $3,528 | $0 | $0 |
| Mar 2025 | $2,674 | $0 | $0 |
| Apr 2025 | $1,829 | $0 | $0 |
| May 2025 | $1,865 | $0 | $0 |
| Jun 2025 | $2,201 | $0 | $0 |
| Jul 2025 | $1,865 | $0 | $0 |
| Aug 2025 | $3,006 | $0 | $0 |
| Sep 2025 | $2,522 | $0 | $0 |
| Oct 2025 | $2,261 | $0 | $0 |
| Nov 2025 | $1,351 | $0 | $0 |
| Dec 2025 | $1,289 | $0 | $0 |
| Jan 2026 | $563.94 | $0 | $0 |
| Feb 2026 | $693.18 | $0 | $0 |
| Mar 2026 | $369.53 | $0 | $0 |
| Apr 2026 | $187.67 | $0 | $0 |
| May 2026 | $286.90 | $0 | $0 |
| Jun 2026 | $264.70 | $0 | $0 |
| Jul 2026 | $215.66 | $0 | $0 |
| Aug 2026 | $160.47 | $0 | $0 |
| Sep 2026 | $258.89 | $0 | $0 |
| Oct 2026 | $252.20 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/sundaeswap-v2
Frequently asked questions
What is SundaeSwap V2's TVL?
As of Nov 1, 2026, SundaeSwap V2 has $462,313 in total value locked. TVL has decreased 23.4% over the past 30 days.
What chains does SundaeSwap V2 operate on?
SundaeSwap V2 operates on Cardano. Cardano holds the largest share at 100%.
How much has SundaeSwap V2 generated in fees and revenue?
Over the past 30 days, SundaeSwap V2 generated $245.06 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $5,893 in fees.
How does SundaeSwap V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, SundaeSwap V2 ranks #330 by TVL. The category holds $12.993b across 1,925 protocols, and SundaeSwap V2 accounts for <0.1% of that total. Similar protocols include Minswap DEX, Dano Finance, SundaeSwap V3, SundaeSwap V4, Splash Protocol, WingRiders, VyFinance Dex, CSWAP DEX, MuesliSwap, and Astarter AMM.
How much trading volume does SundaeSwap V2 process?
SundaeSwap V2 processed $70,145 in DEX volume over the past 30 days.