CrowdSwap

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

CrowdSwap's governance or utility token carries a market capitalisation of US$8.5万 based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (US$8.5万) above the protocol's on-chain TVL (US$3.4万) — a mcap/TVL multiple of 2.53× implies investors are paying for expected future fee flows rather than current deposits alone. A further US$8万 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.

由 DeFiLlama 社区标记的重要事件——协议上线、安全攻击、治理变更和激励计划。

1. May 31, 2023
   上线 DeFiLlama

CrowdSwap 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 5 chains, including Polygon, Binance, Arbitrum, zkSync Era and 1 other chain.

CrowdSwap runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 93% of its on-chain value sits on just three networks (staking, Polygon-staking, Polygon), so a fault on any one of them would affect a large slice of users. Its token market cap (US$8.5万) currently exceeds total value locked (US$3.4万) — a mcap/TVL ratio of 2.53 suggests the market is pricing in more growth than current deposits support.

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

CrowdSwap 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 US$80亿 in deposits, giving you a frame of reference for whether CrowdSwap's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL US$18.9亿 · 24h +0.39%

Uniswap V3

TVL US$17.7亿 · 24h -0.67%

PancakeSwap AMM

TVL US$17亿 · 24h +0.14%

Raydium AMM

TVL US$11亿 · 24h +0.66%

Uniswap V2

TVL US$8.7亿 · 24h -0.17%

Uniswap V4

TVL US$6.7亿 · 24h -0.47%