OnX Finance

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

OnX Finance's governance or utility token carries a market capitalisation of 11,5 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (11,5 mil US$) is small relative to deposits secured by the protocol (294,9 mil US$); a mcap/TVL multiple of 0.04× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

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.

OnX Finance is a Yield Aggregator — 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 Ethereum, Polygon, Fantom, Avalanche. The codebase has been independently audited (1 report on file).

OnX Finance operates on 4 networks (Ethereum, Polygon, Fantom, Avalanche), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Ethereum-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (11,5 mil US$) is small relative to TVL (294,9 mil US$) — 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 OnX Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

OnX Finance is one of 7 Yield Aggregator protocols Mantapex tracks in this category. Direct peers ranked by total value locked include CIAN Yield Layer, Yearn Finance, Fluid Lite, and 3 more. These peer protocols collectively secure 1153,1 M US$ in deposits, giving you a frame of reference for whether OnX Finance's own TVL is at the top, middle, or tail of the category.

CIAN Yield Layer

TVL 382,1 M US$ · 24h +6.83%

Yearn Finance

TVL 262,2 M US$ · 24h +1.32%

Fluid Lite

TVL 180,1 M US$ · 24h +0.74%

Beefy

TVL 153,3 M US$ · 24h +0.77%

Lulo

TVL 97,1 M US$ · 24h +0.54%

YO Protocol

TVL 78,3 M US$ · 24h +0.84%