Platypus Finance

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

Platypus Finance's governance or utility token carries a market capitalisation of 18.376,8 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (18.376,8 $) is small relative to deposits secured by the protocol (47.289,8 $); a mcap/TVL multiple of 0.39× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

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.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Nov 30, 2021
   Auf DeFiLlama gelistet
2. May 27, 2024
   Acquired by Stable Jack
3. Oct 12, 2023
   Protocol was hacked for $2m

Platypus Finance 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. The codebase has been independently audited (3 reports on file). DeFiLlama tracks 2 historical events for this protocol since 2023.

Platypus Finance is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. 3 public audit reports are linked from DeFiLlama, which is on the higher end of transparency for the DeFi sector — most protocols of comparable TVL publish far fewer. Token market cap (18.376,8 $) and TVL (47.289,8 $) trade at a ratio of 0.39, in the range generally considered normal for an established DeFi protocol.

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

Platypus Finance 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 Platypus Finance'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%