SnowSwap

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

SnowSwap's governance or utility token carries a market capitalisation of 16.568,5 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (16.568,5 $) is small relative to deposits secured by the protocol (79.257,3 $); a mcap/TVL multiple of 0.21× 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.

SnowSwap is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 2 chains, including Polygon, Ethereum. The codebase has been independently audited (1 report on file).

SnowSwap operates on 2 networks (Polygon, Ethereum), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Polygon, which holds 89% of all assets — other deployments are comparatively small. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (16.568,5 $) is small relative to TVL (79.257,3 $) — a mcap/TVL ratio of 0.21 is often read as the token being structurally undervalued versus the activity it secures.

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

SnowSwap 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 SnowSwap'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%