DeHive

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

DeHive's governance or utility token carries a market capitalisation of 101 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (101 mil US$) above the protocol's on-chain TVL (2,5 mil US$) — a mcap/TVL multiple of 40.63× implies investors are paying for expected future fee flows rather than current deposits alone. A further 2,7 mil US$ 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.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Dec 3, 2021
   Listado en DeFiLlama

DeHive is a Indexes — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 4 chains, including Polygon, Binance, xDai, Ethereum. The codebase has been independently audited (2 reports on file).

DeHive operates on 4 networks (Polygon, Binance, xDai, Ethereum), keeping its surface area narrower than chain-agnostic peers. TVL is comparatively balanced across networks: even the largest deployment (pool2) holds only 46% of the protocol's value. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Its token market cap (101 mil US$) currently exceeds total value locked (2,5 mil US$) — a mcap/TVL ratio of 40.63 suggests the market is pricing in more growth than current deposits support.

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

DeHive is one of 7 Indexes protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Mantle Index Four Fund, Reserve Protocol, SoSoValue Indexes, and 3 more. These peer protocols collectively secure 532,1 M US$ in deposits, giving you a frame of reference for whether DeHive's own TVL is at the top, middle, or tail of the category.

Mantle Index Four Fund

TVL 141,4 M US$ · 24h +1.11%

Reserve Protocol

TVL 118,1 M US$ · 24h +0.11%

SoSoValue Indexes

TVL 96,9 M US$ · 24h +0.24%

Enzyme Finance

TVL 91,4 M US$ · 24h -0.28%

Bwatch

TVL 58,3 M US$ · 24h 0.00%

dHEDGE Vaults

TVL 26 M US$ · 24h +0.21%