BoringDAO

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

BoringDAO's governance or utility token carries a market capitalisation of US$10万 based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (US$10万) is small relative to deposits secured by the protocol (US$37.1万); a mcap/TVL multiple of 0.27× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further US$261.5 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.

BoringDAO is a Cross Chain Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 20 chains, including Litecoin, Polygon, Doge, Ethereum and 16 other chains. The codebase has been independently audited (1 report on file).

BoringDAO runs a multi-chain deployment, with smart contracts live on 20 networks. Roughly 98% of its on-chain value sits on just three networks (Litecoin, Polygon, Doge), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (US$10万) is small relative to TVL (US$37.1万) — a mcap/TVL ratio of 0.27 is often read as the token being structurally undervalued versus the activity it secures.

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

BoringDAO is one of 7 Cross Chain Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Stargate V2, Hyperlane, NEAR Intents, and 3 more. These peer protocols collectively secure US$3.4亿 in deposits, giving you a frame of reference for whether BoringDAO's own TVL is at the top, middle, or tail of the category.

Stargate V2

TVL US$1.1亿 · 24h -2.70%

Hyperlane

TVL US$1.1亿 · 24h +1.97%

NEAR Intents

TVL US$5835.8万 · 24h -0.88%

Across

TVL US$3308.8万 · 24h +0.04%

Synapse

TVL US$1727.4万 · 24h +0.02%

Stargate V1

TVL US$1113.6万 · 24h +0.40%