Thala (THL)
Total Value Locked$40.94m
TVL by Chain
Aptos$40.35m
staking$596,571
Key Metrics
Fees (Annualized)$822,512
Fees 30d$67,419
Fees 7d$23,643
Fees 24h$2,409
Cumulative Fees$5.66m
Revenue (Annualized)$358,912
Revenue 30d$29,419
Revenue 7d$9,727
Revenue 24h$1,197
Cumulative Revenue$2.1m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$358,912
Earnings 30d$29,419
Earnings 7d$9,727
Earnings 24h$1,197
Cumulative Earnings$2.1m
DEX Volume 30d$423m
DEX Volume 7d$126.38m
DEX Volume 24h$20.33m
Cumulative DEX Volume$12.919b
Market Cap$2.02m
$THL Price$0.033
All Time High$3.13
All Time Low$0.029
Fully Diluted Valuation$3.29m
Outstanding FDV$2.8m
$THL Volume 24h$145,851
CEX Volume$144,591
DEX Volume$1,259(0.86% of total)
Staked$596,571(29.59% 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 | $259,835 | $966,536 | $1.78m | $551,873 | $446,465 | $256,765 | $435,314 | $591,153 | $148,543 | $76,571 | $140,668 |
| Revenue | $122,857 | $478,027 | $883,128 | $238,448 | $91,554 | $41,602 | $77,353 | $112,657 | $25,513 | $10,221 | $17,758 |
| Earnings | $122,857 | $478,027 | $883,128 | $238,448 | $91,554 | $41,602 | $77,353 | $112,657 | $25,513 | $10,221 | $17,758 |