MacaronSwap

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

MacaronSwap's governance or utility token carries a market capitalisation of US$3471.4 based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (US$3471.4) is small relative to deposits secured by the protocol (US$2万); a mcap/TVL multiple of 0.17× 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.

MacaronSwap 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 2 chains, including Binance, Polygon. The codebase has been independently audited (1 report on file).

MacaronSwap operates on 2 networks (Binance, Polygon), keeping its surface area narrower than chain-agnostic peers. Roughly 92% of its on-chain value sits on just three networks (Binance, pool2, Binance-pool2), 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 (US$3471.4) is small relative to TVL (US$2万) — a mcap/TVL ratio of 0.17 is often read as the token being structurally undervalued versus the activity it secures.

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

MacaronSwap 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 MacaronSwap'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%