NetSwap

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.

Factory address (0x70f51d68D16e8f9e418441280342BD43AC9Dff9f) is used to find the LP pairs. TVL is equal to the liquidity on the AMM.

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

NetSwap's governance or utility token carries a market capitalisation of $140.5K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($140.5K) is small relative to deposits secured by the protocol ($1.4M); a mcap/TVL multiple of 0.10× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

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. Dec 29, 2021
   Listed on DeFiLlama

NetSwap 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 Metis. The codebase has been independently audited (1 report on file).

NetSwap is a single-chain protocol, deployed exclusively on Metis — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($140.5K) is small relative to TVL ($1.4M) — a mcap/TVL ratio of 0.10 is often read as the token being structurally undervalued versus the activity it secures.

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

NetSwap 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 NetSwap'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%