Total Value Locked$277,195
TVL by Chain
Terra Classic$234,967
Terra2$42,228
Key Metrics
Cumulative DEX Volume$30.706b
Cumulative DEX Volume by chain
Terra Classic$30.706b
Protocol Information
Terraswap is a Uniswap-inspired automated market-maker (AMM) protocol implemented with smart contracts on the Terra blockchain. This enables a decentralized on-chain exchange for the various assets involved in Terra ecosystem.
Sub Category: AMM
Methodology
TVL: Liquidity on the DEXView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Terraswap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 13, 2020 to Nov 10, 2026.
All-time high TVL: $2.218b on Dec 27, 2021. All-time low TVL: $266,455 on Nov 9, 2026.
Daily TVL, Oct 12, 2026 to Nov 10, 2026
| Date | TVL |
|---|---|
| Oct 12, 2026 | $347,942 |
| Oct 13, 2026 | $321,461 |
| Oct 14, 2026 | $332,656 |
| Oct 15, 2026 | $322,920 |
| Oct 16, 2026 | $325,183 |
| Oct 17, 2026 | $330,335 |
| Oct 18, 2026 | $328,283 |
| Oct 19, 2026 | $314,742 |
| Oct 20, 2026 | $311,828 |
| Oct 21, 2026 | $324,398 |
| Oct 22, 2026 | $323,715 |
| Oct 23, 2026 | $306,469 |
| Oct 24, 2026 | $316,145 |
| Oct 25, 2026 | $323,891 |
| Oct 26, 2026 | $324,081 |
| Oct 27, 2026 | $322,861 |
| Oct 28, 2026 | $329,117 |
| Oct 29, 2026 | $329,092 |
| Oct 30, 2026 | $287,201 |
| Oct 31, 2026 | $306,151 |
| Nov 1, 2026 | $298,236 |
| Nov 2, 2026 | $296,963 |
| Nov 3, 2026 | $288,418 |
| Nov 4, 2026 | $287,340 |
| Nov 5, 2026 | $294,638 |
| Nov 6, 2026 | $270,951 |
| Nov 7, 2026 | $282,483 |
| Nov 8, 2026 | $272,565 |
| Nov 9, 2026 | $266,455 |
| Nov 10, 2026 | $272,658 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.22m |
| Jan 31, 2025 | $953,635 |
| Feb 28, 2025 | $913,887 |
| Mar 31, 2025 | $759,654 |
| Apr 30, 2025 | $781,098 |
| May 31, 2025 | $702,136 |
| Jun 30, 2025 | $788,384 |
| Jul 31, 2025 | $813,435 |
| Aug 31, 2025 | $800,110 |
| Sep 30, 2025 | $676,717 |
| Oct 31, 2025 | $469,048 |
| Nov 30, 2025 | $383,083 |
| Dec 31, 2025 | $404,781 |
| Jan 31, 2026 | $401,064 |
| Feb 28, 2026 | $348,042 |
| Mar 31, 2026 | $296,266 |
| Apr 30, 2026 | $392,309 |
| May 31, 2026 | $421,594 |
| Jun 30, 2026 | $354,114 |
| Jul 31, 2026 | $320,248 |
| Aug 31, 2026 | $332,633 |
| Sep 30, 2026 | $365,414 |
| Oct 31, 2026 | $306,151 |
| Nov 10, 2026 (latest) | $272,658 |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $49.86m |
| Dec 31, 2021 | $854.52m |
| Dec 31, 2022 | $2.48m |
| Dec 31, 2023 | $2.24m |
| Dec 31, 2024 | $1.22m |
| Dec 31, 2025 | $404,781 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/terraswap
Frequently asked questions
What is Terraswap's TVL?
As of Nov 10, 2026, Terraswap has $277,195 in total value locked. TVL has decreased 19.9% over the past 30 days.
What chains does Terraswap operate on?
Terraswap operates on 2 chains: Terra Classic and Terra2. Terra Classic holds the largest share at 84.8%.
How does Terraswap's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Terraswap ranks #396 by TVL. The category holds $12.256b across 1,931 protocols, and Terraswap accounts for <0.1% of that total. Similar protocols include Astroport, WESO DeFi, White Whale Dex, CL8Y DEX, GarudaDefi, Terraport, Loop Finance, Phoenix DEX, Ura Dex, and TFM.