Stabull Finance

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

Stabull Finance's governance or utility token carries a market capitalisation of $44.2K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($44.2K) is small relative to deposits secured by the protocol ($182.1K); a mcap/TVL multiple of 0.24× 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 2, 2025
   Listed on DeFiLlama

Stabull 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 3 chains, including Polygon, Base, Ethereum. The codebase has been independently audited (1 report on file).

Stabull Finance operates on 3 networks (Polygon, Base, Ethereum), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Polygon, Base, Ethereum), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($44.2K) is small relative to TVL ($182.1K) — a mcap/TVL ratio of 0.24 is often read as the token being structurally undervalued versus the activity it secures.

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

Stabull 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 Stabull 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%