BitMart

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

BitMart's governance or utility token carries a market capitalisation of 102 M US$ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (102 M US$) above the protocol's on-chain TVL (20,5 M US$) — a mcap/TVL multiple of 4.96× 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.

BitMart operates in the CEX category of DeFi. It is deployed across 5 chains, including Bitcoin, Binance, Ethereum, Solana and 1 other chain. No public audit reports are listed on DeFiLlama for this protocol.

BitMart runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 90% of its on-chain value sits on just three networks (Bitcoin, Binance, Ethereum), so a fault on any one of them would affect a large slice of users. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Its token market cap (102 M US$) currently exceeds total value locked (20,5 M US$) — a mcap/TVL ratio of 4.96 suggests the market is pricing in more growth than current deposits support.

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

BitMart is one of 7 CEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Binance CEX, OKX, Bitfinex, and 3 more. These peer protocols collectively secure 228,7 mil M US$ in deposits, giving you a frame of reference for whether BitMart's own TVL is at the top, middle, or tail of the category.

Binance CEX

TVL 156,8 mil M US$ · 24h -0.04%

OKX

TVL 18,8 mil M US$ · 24h +0.04%

Bitfinex

TVL 17,5 mil M US$ · 24h -0.47%

Bybit

TVL 16,3 mil M US$ · 24h -0.15%

Robinhood

TVL 13,6 mil M US$ · 24h +0.23%

Bitget

TVL 5683 M US$ · 24h -0.88%