Pickle

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

Pickle's governance or utility token carries a market capitalisation of 44.293,9 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (44.293,9 $) is small relative to deposits secured by the protocol (4,8 Mio. $); a mcap/TVL multiple of 0.01× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 42.198,3 $ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

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.

Pickle is a Yield Aggregator — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 12 chains, including Ethereum, Optimism, Polygon, Aurora and 8 other chains. The codebase has been independently audited (1 report on file).

Pickle runs a multi-chain deployment, with smart contracts live on 12 networks. Roughly 98% of its on-chain value sits on just three networks (Ethereum, Ethereum-staking, staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (44.293,9 $) is small relative to TVL (4,8 Mio. $) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.

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

Pickle is one of 7 Yield Aggregator protocols Mantapex tracks in this category. Direct peers ranked by total value locked include CIAN Yield Layer, Yearn Finance, Fluid Lite, and 3 more. These peer protocols collectively secure 1,2 Mrd. $ in deposits, giving you a frame of reference for whether Pickle's own TVL is at the top, middle, or tail of the category.

CIAN Yield Layer

TVL 382,1 Mio. $ · 24h +6.83%

Yearn Finance

TVL 262,2 Mio. $ · 24h +1.32%

Fluid Lite

TVL 180,1 Mio. $ · 24h +0.74%

Beefy

TVL 153,3 Mio. $ · 24h +0.77%

Lulo

TVL 97,1 Mio. $ · 24h +0.54%

YO Protocol

TVL 78,3 Mio. $ · 24h +0.84%