Total Value Locked$16.94m
TVL by Chain
OP Mainnet$16.8m
Ink$48,094
Fraxtal$38,253
BOB$34,930
Mode$13,177
Lisk$4,320
Soneium$3,885
Celo$172.88
Unichain$8.47
Superseed$0
Swellchain$0
Key Metrics
Fees 30d$137,562
Fees 30d by chain
OP Mainnet$137,272
Mode$124.45
Fraxtal$62.13
Ink$36.35
Lisk$35.04
BOB$29.47
Soneium$3.55
Celo$0
Unichain$0
Fees 7d$38,851
OP Mainnet$38,819
Mode$11.93
Lisk$7.06
Ink$5.78
Fraxtal$4.17
BOB$3.68
Soneium$0.88
Celo$0
Unichain$0
Fees 24h$706
OP Mainnet$703
Mode$1.44
Ink$0.76
Lisk$0.58
Fraxtal$0.25
BOB$0.19
Soneium$0.08
Celo$0
Unichain$0
Cumulative Fees$30.51m
OP Mainnet$28.33m
Ink$1.17m
Lisk$745,979
Mode$192,118
Soneium$39,813
Fraxtal$16,363
Swellchain$7,263
BOB$5,390
Unichain$0.21
Celo$0
Revenue 30d$134,249
Revenue 30d by chain
OP Mainnet$134,131
Fraxtal$62.13
Lisk$32.53
Mode$16.76
Ink$3.03
Soneium$2.24
BOB$0
Celo$0
Unichain$0
Revenue 7d$38,426
OP Mainnet$38,412
Lisk$6.57
Fraxtal$4.17
Mode$1.44
Ink$0.66
Soneium$0.58
BOB$0
Celo$0
Unichain$0
Revenue 24h$685
OP Mainnet$684
Lisk$0.54
Fraxtal$0.25
Mode$0.15
Ink$0.07
Soneium$0.05
BOB$0
Celo$0
Unichain$0
Cumulative Revenue$30.5m
OP Mainnet$28.32m
Ink$1.17m
Lisk$745,969
Mode$191,972
Soneium$39,809
Fraxtal$16,363
Swellchain$7,263
BOB$5,311
Unichain$0.21
Celo$0
Holders Revenue 30d$134,249
Holders Revenue 30d by chain
OP Mainnet$134,131
Fraxtal$62.13
Lisk$32.53
Mode$16.76
Ink$3.03
Soneium$2.24
BOB$0
Celo$0
Unichain$0
Holders Revenue 7d$38,426
OP Mainnet$38,412
Lisk$6.57
Fraxtal$4.17
Mode$1.44
Ink$0.66
Soneium$0.58
BOB$0
Celo$0
Unichain$0
Holders Revenue 24h$685
OP Mainnet$684
Lisk$0.54
Fraxtal$0.25
Mode$0.15
Ink$0.07
Soneium$0.05
BOB$0
Celo$0
Unichain$0
Cumulative Holders Revenue$30.5m
OP Mainnet$28.32m
Ink$1.17m
Lisk$745,969
Mode$191,972
Soneium$39,809
Fraxtal$16,363
Swellchain$7,263
BOB$5,311
Unichain$0.21
Celo$0
DEX Volume 30d$14.93m
DEX Volume 30d by chain
OP Mainnet$14.81m
Mode$42,996
BOB$29,521
Fraxtal$22,011
Ink$12,514
Lisk$11,581
Soneium$1,191
Celo$1.03
Unichain$0
DEX Volume 7d$4.09m
OP Mainnet$4.07m
Mode$4,231
BOB$4,101
Fraxtal$3,010
Lisk$2,357
Ink$1,996
Soneium$295.98
Celo$0
Unichain$0
DEX Volume 24h$347,998
OP Mainnet$346,573
Mode$484
Ink$252
Fraxtal$236
BOB$231
Lisk$194
Soneium$27.37
Celo$0
Unichain$0
Cumulative DEX Volume$3.638b
OP Mainnet$3.604b
Lisk$10.7m
Mode$9.71m
Swellchain$6.23m
Fraxtal$3.31m
Ink$1.91m
Soneium$651,489
BOB$562,058
Unichain$38,256
Celo$750.95
Protocol Information
A revolutionary new AMM based on Solidly launched on Optimism.
Sub Category: ve(3,3)
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Per-pool swap fee read from PoolFactory.getFee (default vAMM 0.30% / sAMM 0.05%, customizable per pool) applied to each swap, plus external bribes deposited by third parties to voter-incentive contracts.View code on GitHubRevenue: veVELO voters’ take: staked-LP swap fees forwarded to voters plus external bribes. Equals HoldersRevenue — Velodrome keeps no treasury cut of swap fees.View code on GitHubHolders Revenue: Swap fees from staked LPs (fee × pool.balanceOf(gauge) / pool.totalSupply), forwarded to veVELO voters, plus external bribes.View code on GitHubDEX Volume: Swap volume across Velodrome v2 (non-CL) pools, counted once per swap from the core-asset side.View code on GitHubYields
Pools Tracked75
Average Supply APY58.85%
Competitors
Velodrome V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 23, 2023 to Oct 18, 2026.
All-time high TVL: $256.87m on Jul 30, 2023. All-time low TVL: $254,014 on Jun 23, 2023.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $16.61m |
| Sep 20, 2026 | $16.64m |
| Sep 21, 2026 | $16.69m |
| Sep 22, 2026 | $17.06m |
| Sep 23, 2026 | $17.02m |
| Sep 24, 2026 | $16.73m |
| Sep 25, 2026 | $16.89m |
| Sep 26, 2026 | $17.26m |
| Sep 27, 2026 | $17.42m |
| Sep 28, 2026 | $17.44m |
| Sep 29, 2026 | $17.35m |
| Sep 30, 2026 | $17.29m |
| Oct 1, 2026 | $17.37m |
| Oct 2, 2026 | $17.45m |
| Oct 3, 2026 | $17.48m |
| Oct 4, 2026 | $14.45m |
| Oct 5, 2026 | $17.86m |
| Oct 6, 2026 | $17.81m |
| Oct 7, 2026 | $17.66m |
| Oct 8, 2026 | $17.19m |
| Oct 9, 2026 | $17.1m |
| Oct 10, 2026 | $17.18m |
| Oct 11, 2026 | $17.69m |
| Oct 12, 2026 | $17.73m |
| Oct 13, 2026 | $17.3m |
| Oct 14, 2026 | $17.64m |
| Oct 15, 2026 | $17.21m |
| Oct 16, 2026 | $17.4m |
| Oct 17, 2026 | $17.23m |
| Oct 18, 2026 | $17.12m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $81.1m |
| Dec 31, 2024 | $100.94m |
| Jan 31, 2025 | $76.71m |
| Feb 28, 2025 | $46.28m |
| Mar 31, 2025 | $41.3m |
| Apr 30, 2025 | $36.91m |
| May 31, 2025 | $39.67m |
| Jun 30, 2025 | $37.87m |
| Jul 31, 2025 | $42.29m |
| Aug 31, 2025 | $39.52m |
| Sep 30, 2025 | $38.84m |
| Oct 31, 2025 | $31.5m |
| Nov 30, 2025 | $23.96m |
| Dec 31, 2025 | $21.41m |
| Jan 31, 2026 | $19.82m |
| Feb 28, 2026 | $16.44m |
| Mar 31, 2026 | $17m |
| Apr 30, 2026 | $16.74m |
| May 31, 2026 | $13.16m |
| Jun 30, 2026 | $12.24m |
| Jul 31, 2026 | $14.74m |
| Aug 31, 2026 | $15.41m |
| Sep 30, 2026 | $17.29m |
| Oct 18, 2026 (latest) | $17.12m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $152.88m |
| Dec 31, 2024 | $100.94m |
| Dec 31, 2025 | $21.41m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $915,188 | $915,188 | $915,188 |
| Dec 2024 | $1.32m | $1.32m | $1.32m |
| Jan 2025 | $795,526 | $795,526 | $795,526 |
| Feb 2025 | $462,286 | $462,286 | $462,286 |
| Mar 2025 | $297,184 | $297,184 | $297,184 |
| Apr 2025 | $252,074 | $252,074 | $252,074 |
| May 2025 | $294,194 | $294,194 | $294,194 |
| Jun 2025 | $271,217 | $271,217 | $271,217 |
| Jul 2025 | $399,243 | $399,243 | $399,243 |
| Aug 2025 | $368,255 | $368,255 | $368,255 |
| Sep 2025 | $363,809 | $363,809 | $363,809 |
| Oct 2025 | $413,889 | $413,889 | $413,889 |
| Nov 2025 | $284,763 | $284,763 | $284,763 |
| Dec 2025 | $277,449 | $277,449 | $277,449 |
| Jan 2026 | $141,053 | $141,053 | $141,053 |
| Feb 2026 | $174,889 | $174,889 | $174,889 |
| Mar 2026 | $184,982 | $184,982 | $184,982 |
| Apr 2026 | $143,517 | $143,517 | $143,517 |
| May 2026 | $160,784 | $160,784 | $160,784 |
| Jun 2026 | $112,063 | $112,063 | $112,063 |
| Jul 2026 | $95,982 | $95,982 | $95,982 |
| Aug 2026 | $79,591 | $78,034 | $78,034 |
| Sep 2026 | $122,306 | $119,322 | $119,322 |
| Oct 2026 (to date) | $79,068 | $77,623 | $77,623 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/velodrome-v2
Frequently asked questions
What is Velodrome V2's TVL?
As of Oct 18, 2026, Velodrome V2 has $16.94m in total value locked. TVL has increased 6.9% over the past 30 days.
What chains does Velodrome V2 operate on?
Velodrome V2 operates on 11 chains: OP Mainnet, Ink, Fraxtal, BOB, and Mode and 6 others. OP Mainnet holds the largest share at 99.2%.
How much has Velodrome V2 generated in fees and revenue?
Over the past 30 days, Velodrome V2 generated $137,562 in fees. Of that, $134,249 was protocol revenue. Based on the trailing year, the annualized rate is $2.02m in fees and $2.02m in revenue.
How does Velodrome V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Velodrome V2 ranks #52 by TVL. The category holds $13.603b across 1,925 protocols, and Velodrome V2 accounts for 0.1% of that total. Other leading protocols include Velodrome V3, Uniswap V3, Curve DEX, DyorSwap AMM, Uniswap V4, Uniswap V2, DackieSwap V3, DackieSwap V2, Archly V2, and SushiSwap.
How much trading volume does Velodrome V2 process?
Velodrome V2 processed $14.93m in DEX volume over the past 30 days.