Loop Finance

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

Loop Finance's governance or utility token carries a market capitalisation of $190.9K based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($190.9K) above the protocol's on-chain TVL ($10.8K) — a mcap/TVL multiple of 17.70× implies investors are paying for expected future fee flows rather than current deposits alone.

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. Nov 9, 2021
   Listed on DeFiLlama
2. May 7, 2022
   UST depeg

Loop Finance 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 Terra, Juno. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2022.

Loop Finance operates on 2 networks (Terra, Juno), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Terra, which holds 76% 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 ($190.9K) currently exceeds total value locked ($10.8K) — a mcap/TVL ratio of 17.70 suggests the market is pricing in more growth than current deposits support.

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

Loop Finance 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 Loop Finance'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%