Thala (THL)
Total Value Locked$40.22m
TVL by Chain
Aptos$39.62m
staking$602,763
Key Metrics
Fees (Annualized)$770,503
Fees 30d$63,156
Fees 7d$20,483
Fees 24h$2,987
Cumulative Fees$5.65m
Revenue (Annualized)$348,688
Revenue 30d$28,581
Revenue 7d$9,454
Revenue 24h$1,317
Cumulative Revenue$2.1m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$348,688
Earnings 30d$28,581
Earnings 7d$9,454
Earnings 24h$1,317
Cumulative Earnings$2.1m
DEX Volume 30d$383.06m
DEX Volume 7d$101.31m
DEX Volume 24h$24.5m
Cumulative DEX Volume$12.877b
Market Cap$2.03m
$THL Price$0.033
All Time High$3.13
All Time Low$0.029
Fully Diluted Valuation$3.31m
Outstanding FDV$2.82m
$THL Volume 24h$143,963
CEX Volume$142,900
DEX Volume$963.03(0.67% of total)
Staked$602,763(29.74% of mcap)
$THL Liquidity$1.11m
ThalaSwap$1.11m
Protocol Information
Thala is a decentralized finance protocol powered by the Move language, enabling seamless borrowing of a decentralized, over-collateralized stablecoin in Move Dollar and capital-efficient liquidity provisioning via a rebalancing AMM on the Aptos blockchain
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Thala CDP: Interest paid by borrowersView code on GitHubThalaSwap: Swap fees paid by usersView code on GitHubThalaSwap V2: Swap fees paid by usersView code on GitHubThalaSwap V3: Swap fees paid by usersView code on GitHub
Revenue:
Thala CDP: Interest paid by borrowersView code on GitHubThalaSwap: Percentage of swap fees going to treasury and/or token holdersView code on GitHubThalaSwap V2: Percentage of swap fees going to treasury and/or token holdersView code on GitHubThalaSwap V3: Percentage of swap fees going to treasury and/or token holdersView code on GitHub
DEX Volume: Volume of all spot token swaps that go through the protocol
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Hacks
Date: Nov 15, 2024
Protocol: ThalaSwap
Amount: $25.5m
Classification: Protocol Logic
Technique: Drained Liquidity Pool
Chains: Aptos
Language: Move
Target Type: DeFi Protocol
SourceIncome Statement for Thala
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $254,700 | $966,536 | $1.78m | $551,873 | $446,465 | $256,765 | $435,314 | $591,153 | $148,543 | $76,571 | $140,668 |
| Revenue | $120,306 | $478,027 | $883,128 | $238,448 | $91,554 | $41,602 | $77,353 | $112,657 | $25,513 | $10,221 | $17,758 |
| Earnings | $120,306 | $478,027 | $883,128 | $238,448 | $91,554 | $41,602 | $77,353 | $112,657 | $25,513 | $10,221 | $17,758 |