IXS

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

IXS's governance or utility token carries a market capitalisation of $15.9M based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($15.9M) above the protocol's on-chain TVL ($151.9K) — a mcap/TVL multiple of 104.67× implies investors are paying for expected future fee flows rather than current deposits alone. A further $36.3K 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.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Mar 25, 2024
   Listed on DeFiLlama

IXS 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 3 chains, including Ethereum, Base, Polygon. The codebase has been independently audited (1 report on file).

IXS operates on 3 networks (Ethereum, Base, Polygon), keeping its surface area narrower than chain-agnostic peers. TVL is comparatively balanced across networks: even the largest deployment (Ethereum) holds only 43% of the protocol's value. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($15.9M) currently exceeds total value locked ($151.9K) — a mcap/TVL ratio of 104.67 suggests the market is pricing in more growth than current deposits support.

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

IXS 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 IXS's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL $1.9B · 24h +0.39%

Uniswap V3

TVL $1.8B · 24h -0.67%

PancakeSwap AMM

TVL $1.7B · 24h +0.14%

Raydium AMM

TVL $1.1B · 24h +0.66%

Uniswap V2

TVL $872.4M · 24h -0.17%

Uniswap V4

TVL $670.6M · 24h -0.47%