Polkaswap

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.

All pools from https://polkaswap.io launched on SORA network are included in TVL. Data comes from https://polkaview.io

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

Polkaswap's governance or utility token carries a market capitalisation of $491.5K based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($491.5K) above the protocol's on-chain TVL ($17.9K) — a mcap/TVL multiple of 27.42× 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. Oct 26, 2021
   Listed on DeFiLlama

Polkaswap 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 Sora.

Polkaswap is a single-chain protocol, deployed exclusively on Sora — this concentrates execution risk but simplifies the trust model. Its token market cap ($491.5K) currently exceeds total value locked ($17.9K) — a mcap/TVL ratio of 27.42 suggests the market is pricing in more growth than current deposits support.

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

Polkaswap 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 Polkaswap'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%