Ask about Thala · freeTotal Value Locked$3.25m
TVL by Chain
Aptos$3.25m
Key Metrics
Fees 30d$16,675
Fees 30d by chain
Aptos$16,675
Fees 7d$3,894
Aptos$3,894
Fees 24h$399.10
Aptos$399.10
Cumulative Fees$6.19m
Aptos$6.19m
Revenue 30d$4,780
Revenue 30d by chain
Aptos$4,780
Revenue 7d$1,138
Aptos$1,138
Revenue 24h$115.78
Aptos$115.78
Cumulative Revenue$2.3m
Aptos$2.3m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$237,762
Earnings 30d$4,780
Earnings 7d$1,138
Earnings 24h$115.78
Cumulative Earnings$2.3m
DEX Volume 30d$135.61m
DEX Volume 30d by chain
Aptos$135.61m
DEX Volume 7d$35.44m
Aptos$35.44m
DEX Volume 24h$3.68m
Aptos$3.68m
Cumulative DEX Volume$17.601b
Aptos$17.601b
Market Cap$492,226
$THL Price$0.0065
Fully Diluted Valuation$651,922
Outstanding FDV$629,447
$THL Volume 24h$833.80
CEX Volume$0
DEX Volume$1,097(131.62% of total)
Staked$139,058(28.25% of mcap)
Total Raised$6m
Oct 25, 2022$6mRound: SeedInvestors: Shima Capital, ParaFi Capital, White Star Capital, BECO Capital, LedgerPrime, IVC, Qredo Network, Kenetic Capital, Big Brain Holdings, Karatage, Saison Capital, Builder Capital, Brilliance Ventures, Signum Capital, Serafund
Protocol Information
Thala is a decentralized finance protocol powered by the Move language, enabling seamless borrowing of a decentralized, over-collateralized stablecoin in Move Dollar and capital-efficient liquidity provisioning via a rebalancing AMM on the Aptos blockchain
- Thala LSDLiquid Staking
- ThalaSwapDexs
- ThalaSwap V3Dexs
- ThalaSwap V2Dexs
- Thala CDPCDP
- Thala veTHLLiquid Staking
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked16
Average Supply APY4.19%
Hacks
Date: Nov 15, 2024
Protocol: ThalaSwap
Amount: $25.5m
Classification: Input Validation
Technique: Missing Input Validation
On November 15, 2024, an attacker exploited missing balance validation in Thala's v1 farming contracts to unstake $25.5M in LP tokens without owning them. Thala recovered $25M within 6 hours through white-hat negotiation.
Chains: Aptos
Language: Move
Target Type: DeFi Protocol
Thala history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Apr 7, 2023 to Nov 4, 2026.
All-time high TVL: $268.53m on Nov 12, 2024. All-time low TVL: $2.97m on Nov 3, 2026.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| Oct 6, 2026 | $4.68m |
| Oct 7, 2026 | $4.62m |
| Oct 8, 2026 | $4.42m |
| Oct 9, 2026 | $4.31m |
| Oct 10, 2026 | $4.54m |
| Oct 11, 2026 | $4.67m |
| Oct 12, 2026 | $4.86m |
| Oct 13, 2026 | $4.16m |
| Oct 14, 2026 | $4.28m |
| Oct 15, 2026 | $4.2m |
| Oct 16, 2026 | $4.07m |
| Oct 17, 2026 | $4.37m |
| Oct 18, 2026 | $4.29m |
| Oct 19, 2026 | $4.24m |
| Oct 20, 2026 | $4.25m |
| Oct 21, 2026 | $4.44m |
| Oct 22, 2026 | $4.43m |
| Oct 23, 2026 | $4.26m |
| Oct 24, 2026 | $4.05m |
| Oct 25, 2026 | $4.02m |
| Oct 26, 2026 | $3.97m |
| Oct 27, 2026 | $3.79m |
| Oct 28, 2026 | $3.94m |
| Oct 29, 2026 | $4.14m |
| Oct 30, 2026 | $3.41m |
| Oct 31, 2026 | $3.64m |
| Nov 1, 2026 | $3.59m |
| Nov 2, 2026 | $3.78m |
| Nov 3, 2026 | $2.97m |
| Nov 4, 2026 | $3.16m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $155.09m |
| Jan 31, 2025 | $142.41m |
| Feb 28, 2025 | $143.57m |
| Mar 31, 2025 | $123.39m |
| Apr 30, 2025 | $145.64m |
| May 31, 2025 | $158.55m |
| Jun 30, 2025 | $146.69m |
| Jul 31, 2025 | $131.04m |
| Aug 31, 2025 | $112.53m |
| Sep 30, 2025 | $109.45m |
| Oct 31, 2025 | $100.51m |
| Nov 30, 2025 | $46.92m |
| Dec 31, 2025 | $37.62m |
| Jan 31, 2026 | $30.88m |
| Feb 28, 2026 | $21.45m |
| Mar 31, 2026 | $19.78m |
| Apr 30, 2026 | $19.65m |
| May 31, 2026 | $13.43m |
| Jun 30, 2026 | $6.95m |
| Jul 31, 2026 | $5.02m |
| Aug 31, 2026 | $5.19m |
| Sep 30, 2026 | $4.7m |
| Oct 31, 2026 | $3.64m |
| Nov 4, 2026 (latest) | $3.16m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $75.38m |
| Dec 31, 2024 | $155.09m |
| Dec 31, 2025 | $37.62m |
Fees and revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2024 | $111,215 | $32,981 |
| Jan 2025 | $109,579 | $38,619 |
| Feb 2025 | $187,420 | $77,227 |
| Mar 2025 | $254,874 | $122,602 |
| Apr 2025 | $586,629 | $289,942 |
| May 2025 | $726,052 | $359,560 |
| Jun 2025 | $469,806 | $233,626 |
| Jul 2025 | $421,724 | $208,817 |
| Aug 2025 | $328,476 | $162,345 |
| Sep 2025 | $216,336 | $106,865 |
| Oct 2025 | $178,416 | $87,371 |
| Nov 2025 | $42,934 | $18,686 |
| Dec 2025 | $78,367 | $36,540 |
| Jan 2026 | $75,646 | $37,268 |
| Feb 2026 | $53,906 | $26,467 |
| Mar 2026 | $33,465 | $16,331 |
| Apr 2026 | $23,748 | $11,635 |
| May 2026 | $76,864 | $24,550 |
| Jun 2026 | $65,131 | $19,391 |
| Jul 2026 | $75,222 | $22,494 |
| Aug 2026 | $53,221 | $15,838 |
| Sep 2026 | $20,299 | $6,054 |
| Oct 2026 | $17,122 | $4,921 |
| Nov 2026 (to date) | $1,219 | $365.28 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/thala
Frequently asked questions
What is Thala's TVL?
As of Nov 4, 2026, Thala has $3.25m in total value locked. TVL has decreased 28.5% over the past 30 days.
How much has Thala generated in fees and revenue?
Over the past 30 days, Thala generated $16,675 in fees. Of that, $4,780 was protocol revenue. Based on the trailing year, the annualized rate is $611,512 in fees and $237,762 in revenue.
What is the THL token price and valuation?
THL is currently trading at $0.0065. Its circulating market capitalization is $492,819, ranking it #4,504. Its fully diluted valuation is $652,684. Supply currently stands at 75.51m circulating, 100m total supply, 100m maximum supply.
How has THL performed recently?
THL is down 35.5% over the past 7 days and down 37.7% over the past 30 days. Its all-time high is $3.13, reached on Mar 20, 2024. The token is currently 99.8% below that level.
Which protocols are included in Thala?
Thala is a parent protocol whose tracked products include Thala LSD, ThalaSwap, ThalaSwap V3, ThalaSwap V2, and Thala CDP and 1 others.
How much trading volume does Thala process?
Thala processed $135.61m in DEX volume over the past 30 days.
Has Thala ever been exploited?
Thala has 1 recorded security incident. The most recent incident occurred on Nov 15, 2024 and involved $25.5m. It was classified as Input Validation.