Platypus Finance

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

Platypus Finance's governance or utility token carries a market capitalisation of $18.4K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($18.4K) is small relative to deposits secured by the protocol ($47.3K); a mcap/TVL multiple of 0.39× 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. Nov 30, 2021
   Listed on DeFiLlama
2. May 27, 2024
   Acquired by Stable Jack
3. Oct 12, 2023
   Protocol was hacked for $2m

Platypus 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 on Avalanche. The codebase has been independently audited (3 reports on file). DeFiLlama tracks 2 historical events for this protocol since 2023.

Platypus Finance is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. 3 public audit reports are linked from DeFiLlama, which is on the higher end of transparency for the DeFi sector — most protocols of comparable TVL publish far fewer. Token market cap ($18.4K) and TVL ($47.3K) trade at a ratio of 0.39, in the range generally considered normal for an established DeFi protocol.

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

Platypus 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 Platypus 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%