DeFive
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Protocol TVL
About DeFive
Decentralized exchange on Sonic
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
DeFive tokenomics and on-chain capital
DeFive's governance or utility token carries a market capitalisation of $398.4K based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($398.4K) above the protocol's on-chain TVL ($240.7K) — a mcap/TVL multiple of 1.66× implies investors are paying for expected future fee flows rather than current deposits alone. A further $183.5K 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.
DeFive Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 19, 2025Listed on DeFiLlama
Protocol Profile
DeFive 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 Sonic.
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
DeFive is a single-chain protocol, deployed exclusively on Sonic — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Sonic, Sonic-staking, staking), so a fault on any one of them would affect a large slice of users. Its token market cap ($398.4K) currently exceeds total value locked ($240.7K) — a mcap/TVL ratio of 1.66 suggests the market is pricing in more growth than current deposits support.
Official Resources & Links
Verified external resources for DeFive — 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
DeFive 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 DeFive's own TVL is at the top, middle, or tail of the category.
Recent DeFive news
Latest reporting from major crypto news outlets covering DeFive.
- The Block
Derive co-founder proposes 50% DRV token supply increase, diluting holders by 33%
Derive co-founder Nick Forster argues the token mint is necessary for the onchain exchange to compete with industry leader Deribit.
- The Block
Derive says institutional Ethereum accumulation shows ‘explosive potential' heading into Q4
Analysts say ether treasury holdings now approach 4% of supply and could climb to 6–10% by year-end, even as volatility cools and ETF flows turn choppy.
- The Block
Options traders brace for ‘big July' in Bitcoin and Ethereum after volatility drop in June, says Derive
Derive.xyz options data show traders piling into July contracts for a breakout in Bitcoin and Ethereum despite hawkish macro cues.
- Coincu
Derive and Synthetix Withdraw $27M Merger Proposal
Derive and Synthetix cancel $27 million acquisition plan.
- Coinspeaker
Ethena Partners with Derive to Bring New Meaning to DeFi Trading
Derive is getting set to launch its native DRV token on January 15, 2025.
- Invezz
Where to buy Define (DFA) coin: it's up 50% today as the launch of NFTs by Sandbox Network approaches
Define (DFA) has been on a strong bullish trend since Sept. 26 and it has registered a 50% rise in the 24 hours as the Define platform prepares to launch the Masterpiece Pixel Art…
- AMBCrypto
LUNC defies Bitcoin's downtrend – Can Terra Classic target $0.0001 next?
Terra Classic was up nearly 34%, outperforming BTC and the cumulative altcoin market cap gains.
- Crypto Economy
RedStone Delivers NAV Pricing Layer for KPK's Prime RWA Vault on Euler
RedStone acts as the NAV pricing layer for KPK's USDC Prime RWA vault, deployed on Euler, allowing real-world assets to operate as collateral in onchain lending markets. The vault…
Related protocols
Other DeFi protocols connected to DeFive by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Dexs protocols
Top protocols on Sonic
Fork lineage & related versions
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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