Baguette

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Baguette's governance or utility token carries a market capitalisation of 31.267 $ based on circulating supply at the latest DeFiLlama snapshot. Token market cap (31.267 $) and TVL (24.184,8 $) trade close together, giving a mcap/TVL multiple of 1.29× — broadly the range market participants treat as "fair" for an established DeFi protocol.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Baguette is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed on Avalanche.

Baguette is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Token market cap (31.267 $) and TVL (24.184,8 $) trade at a ratio of 1.29, in the range generally considered normal for an established DeFi protocol.

Verified external resources for Baguette — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Baguette is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure 8 Mrd. $ in deposits, giving you a frame of reference for whether Baguette's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL 1,9 Mrd. $ · 24h +0.39%

Uniswap V3

TVL 1,8 Mrd. $ · 24h -0.67%

PancakeSwap AMM

TVL 1,7 Mrd. $ · 24h +0.14%

Raydium AMM

TVL 1,1 Mrd. $ · 24h +0.66%

Uniswap V2

TVL 872,4 Mio. $ · 24h -0.17%

Uniswap V4

TVL 670,6 Mio. $ · 24h -0.47%