ShapeShift

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

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

We count liquidity of FOX deposited on Uniswap V2 and V3 pools on Ethereum, Arbitrum, Gnosis and a SushiSwap pool on Polygon using on-chain data. For Staking we count the FOX tokens locked in RFOX on Arbitrum and its predecessor FOXy on Ethereum which are single asset staking contracts used for revenue sharing.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

ShapeShift's governance or utility token carries a market capitalisation of 4,3 M US$ based on circulating supply at the latest DeFiLlama snapshot. A further 890,6 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.

ShapeShift is a DEX — 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, Arbitrum, Polygon, xDai.

ShapeShift operates on 4 networks (Ethereum, Arbitrum, Polygon, xDai), keeping its surface area narrower than chain-agnostic peers. Roughly 92% of its on-chain value sits on just three networks (staking, Ethereum-staking, Arbitrum-staking), so a fault on any one of them would affect a large slice of users.

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

ShapeShift 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 7999,9 M US$ in deposits, giving you a frame of reference for whether ShapeShift's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL 1889,8 M US$ · 24h +0.39%

Uniswap V3

TVL 1768,7 M US$ · 24h -0.67%

PancakeSwap AMM

TVL 1697,1 M US$ · 24h +0.14%

Raydium AMM

TVL 1101,3 M US$ · 24h +0.66%

Uniswap V2

TVL 872,4 M US$ · 24h -0.17%

Uniswap V4

TVL 670,6 M US$ · 24h -0.47%