PolkaEx

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.

PolkaEx Tvl Calculation

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

PolkaEx's governance or utility token carries a market capitalisation of $15.3K based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($15.3K) and TVL ($15.7K) trade close together, giving a mcap/TVL multiple of 0.97× — broadly the range market participants treat as "fair" for an established DeFi protocol. A further $216.8 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. Jan 5, 2022
   Listed on DeFiLlama

PolkaEx 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 5 chains, including Astar, Shiden, Binance, Ethereum and 1 other chain. The codebase has been independently audited (1 report on file).

PolkaEx runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 98% of its on-chain value sits on just three networks (Astar, Shiden, Astar-staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap ($15.3K) and TVL ($15.7K) trade at a ratio of 0.97, in the range generally considered normal for an established DeFi protocol.

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

PolkaEx 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 PolkaEx'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%