ThalaSwap

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.

Aggregates TVL in all pools in Thalaswap, Thala Labs' AMM.

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

ThalaSwap's governance or utility token carries a market capitalisation of US$109.8万 based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (US$109.8万) is small relative to deposits secured by the protocol (US$528.6万); a mcap/TVL multiple of 0.21× 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.

ThalaSwap is published as a versioned release inside the Thala 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.

ThalaSwap 是更大协议家族中的一个版本。打开父协议可查看合并的 TVL 及所有同系列版本。

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. Apr 8, 2023
   上线 DeFiLlama

ThalaSwap 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 Aptos. The codebase has been independently audited (1 report on file).

ThalaSwap is a single-chain protocol, deployed exclusively on Aptos — 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 (US$109.8万) is small relative to TVL (US$528.6万) — a mcap/TVL ratio of 0.21 is often read as the token being structurally undervalued versus the activity it secures.

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

ThalaSwap 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 ThalaSwap'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%