WagyuSwap
Track Your DeFi Wallet
Import your wallet to see all positions across 50+ chains
Protocol TVL
About WagyuSwap
WagyuSwap is the leading decentralized exchange on the Velas Chain, which has been clocked as the fastest blockchain in the world.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
WagyuSwap tokenomics and on-chain capital
WagyuSwap's governance or utility token carries a market capitalisation of $1.1K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($1.1K) is small relative to deposits secured by the protocol ($108.3K); a mcap/TVL multiple of 0.01× 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.
Security & Audits
WagyuSwap Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Dec 10, 2021Listed on DeFiLlama
Protocol Profile
WagyuSwap 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 Velas. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
WagyuSwap is a single-chain protocol, deployed exclusively on Velas — 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 ($1.1K) is small relative to TVL ($108.3K) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.
Official Resources & Links
Verified external resources for WagyuSwap — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other DEX protocols on Mantapex
WagyuSwap 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 WagyuSwap's own TVL is at the top, middle, or tail of the category.
Recent WagyuSwap news
Latest reporting from major crypto news outlets covering WagyuSwap.
- BeInCrypto
WagyuSwap DEX Burns 30M of $WAG, 7% of Supply Now Gone
This exciting news comes out just over a week after the team announced their Great Steak event, whereby staking $WAG earns token holders various other tokens such as $SCAR,…
- BTCManager
WagyuSwap's “The Big Steak” – Stake $WAG and Earn High APY on Hot Coins
WagyuSwap, a BlueZilla-incubated DeFi platform on the high throughput Velas Chain, will launch a new program that will allow WAG stakers to earn other high flying, high APY…
Related protocols
Other DeFi protocols connected to WagyuSwap by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Dexs protocols
Top protocols on Velas
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
Your Crypto Portfolio — Free Forever
Paste any wallet to see tokens, DeFi & NFTs across 50+ chains. Add exchanges, Polymarket & Kalshi anytime — all in one portfolio.