Canary
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Protocol TVL
About Canary
Canary Exchange is a decentralized exchange (DEX) which runs on Avalanche and Scroll, the most promising and the fastest blockchain!
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Canary tokenomics and on-chain capital
A further $13.1K 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.
Protocol Profile
Canary 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 Avalanche, Scroll.
TVL Distribution by Chain
TVL spans 4 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Canary operates on 2 networks (Avalanche, Scroll), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Avalanche, Avalanche-staking, staking), so a fault on any one of them would affect a large slice of users.
Official Resources & Links
Verified external resources for Canary — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other DEX protocols on Mantapex
Canary 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 $8B in deposits, giving you a frame of reference for whether Canary's own TVL is at the top, middle, or tail of the category.
Recent Canary news
Latest reporting from major crypto news outlets covering Canary.
- Crypto Briefing
Canary Funds files SEC 424B3 for HBAR spot ETF, marking a first for Hedera investors
The HBAR spot ETF's launch could drive increased institutional interest and liquidity in Hedera, potentially boosting its market adoption. Canary Funds files SEC 424B3 for HBAR…
- Bitcoin
Canary Leads XRP ETF Gains as Bitcoin ETFs Lose $101M
Crypto ETF markets remained under sustained pressure on Thursday as bitcoin funds extended their losing streak to five straight sessions and ether ETFs marked a ninth consecutive…
- Bitcoin
Canary XRP ETF Reports 213 Million XRP Holdings Worth $305 Million
Canary XRP ETF reported 212.6 million XRP, valued at about $305 million, as its latest holdings update followed a quarterly SEC filing. The trust's disclosures showed rising token…
- Crypto Economy
Canary Capital Calls XRP a Bridge Currency That Markets Can No Longer Ignore
Liquidity Optimization: XRP eliminates pre-funded accounts, allowing settlements in seconds and freeing up stagnant institutional capital. Global Adoption: Firms like SBI Remit,…
- Blockonomi
XRP Bridge Currency Role Gains Backing From Canary Capital
Canary Capital says XRP plays a clear role as a bridge currency, enabling faster and cost-efficient cross-border settlements.
- Coinpaper
XRP is a Bridge Currency That is Hard to Ignore, Says Canary Capital
Canary Capital highlights growing momentum behind XRP's bridge currency role.
- Coinspress
Canary Files for PEPE ETF as Meme Coins Test the Limits of Institutional Adoption
Canary Capital has filed for a spot exchange-traded fund tied to Pepe, marking one of the most direct attempts yet to bring memecoins into regulated financial markets.
- Benzinga
Canary Bets Big On PEPE: Memecoin ETF Filing Adds To Crypto Momentum
Canary Capital is pushing further into niche crypto territory with a new filing for a spot ETF tied to the memecoin Pepe (CRYPTO: PEPE), signaling that the race to bring…
Related protocols
Other DeFi protocols connected to Canary by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
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Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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