Gamma

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

Gamma's governance or utility token carries a market capitalisation of 217,2 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (217,2 mil US$) is small relative to deposits secured by the protocol (4,9 M US$); a mcap/TVL multiple of 0.04× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 161,2 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.

Gamma operates in the Liquidity Manager category of DeFi. It is deployed across 36 chains, including Binance, Ethereum, Polygon, Arbitrum and 32 other chains. The codebase has been independently audited (2 reports on file).

Gamma runs a multi-chain deployment, with smart contracts live on 36 networks. TVL is comparatively balanced across networks: even the largest deployment (Binance) holds only 28% 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 (217,2 mil US$) is small relative to TVL (4,9 M US$) — a mcap/TVL ratio of 0.04 is often read as the token being structurally undervalued versus the activity it secures.

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

Gamma is one of 7 Liquidity Manager protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Kamino Liquidity, Arrakis Modular, Kodiak Islands, and 3 more. These peer protocols collectively secure 411,3 M US$ in deposits, giving you a frame of reference for whether Gamma's own TVL is at the top, middle, or tail of the category.

Kamino Liquidity

TVL 214,4 M US$ · 24h +0.21%

Arrakis Modular

TVL 75,3 M US$ · 24h -0.15%

Kodiak Islands

TVL 64,2 M US$ · 24h +18.50%

Steer Protocol

TVL 30,3 M US$ · 24h -0.45%

ICHI

TVL 16,6 M US$ · 24h +0.50%

ACryptoS

TVL 10,6 M US$ · 24h +0.01%