Value Liquid

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

Value Liquid's governance or utility token carries a market capitalisation of 32,3 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (32,3 mil US$) is small relative to deposits secured by the protocol (134,2 mil US$); a mcap/TVL multiple of 0.24× 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.

Value Liquid is published as a versioned release inside the Value Finance protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Value Liquid es una versión dentro de una familia de protocolos mayor. Abre el protocolo padre para ver el TVL combinado y todas las versiones hermanas.

Value Liquid is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).

Value Liquid is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (32,3 mil US$) is small relative to TVL (134,2 mil US$) — a mcap/TVL ratio of 0.24 is often read as the token being structurally undervalued versus the activity it secures.

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

Value Liquid 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 Value Liquid'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%