TeleSwap

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

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL is the sum of all BTC locked by users, collateral locked by Lockers, and TST delegated to Lockers.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

TeleSwap's governance or utility token carries a market capitalisation of 72.478,4 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (72.478,4 $) is small relative to deposits secured by the protocol (207.163,8 $); a mcap/TVL multiple of 0.35× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 11.535,7 $ 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.

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

1. Nov 13, 2024
   Auf DeFiLlama gelistet

TeleSwap is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 6 chains, including Bitcoin, Binance, Polygon, BSquared and 2 other chains. The codebase has been independently audited (1 report on file).

TeleSwap runs a multi-chain deployment, with smart contracts live on 6 networks. Roughly 93% of its on-chain value sits on just three networks (Bitcoin, Binance, Ethereum-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. Token market cap (72.478,4 $) and TVL (207.163,8 $) trade at a ratio of 0.35, in the range generally considered normal for an established DeFi protocol.

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

TeleSwap is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure 30,4 Mrd. $ in deposits, giving you a frame of reference for whether TeleSwap's own TVL is at the top, middle, or tail of the category.

WBTC

TVL 8,7 Mrd. $ · 24h +0.07%

Coinbase Bridge

TVL 5,4 Mrd. $ · 24h +0.61%

Binance Bitcoin

TVL 5,1 Mrd. $ · 24h +0.14%

Hyperliquid Bridge

TVL 4,5 Mrd. $ · 24h +0.55%

USDT0

TVL 4,2 Mrd. $ · 24h +1.96%

JustCryptos

TVL 2,4 Mrd. $ · 24h +0.44%