Taking the sounding

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Live validated snapshot

Chain liquidity sounding

Swellchain

The current depth is measured, but the seven-day direction is withheld until the elapsed-time window reconciles.

Reported nominal TVL$0.0000Seven-day direction withheld

Depth rank: #424
Protocols mapped: 9

Source: DeFiLlama open chain roster
Captured: 2026-08-11T05:59:40.893Z
Unit: Nominal USD TVL
Does not prove: Deposits, exits, or unique users

What this page answers

Swellchain reports $0.0000 in nominal DeFi TVL. The roster maps 9 protocols to this chain. It ranks #424 by Bathymark depth. No seven-day TVL change is assigned because the history does not reconcile to the requested elapsed-time window.

Chain TVL change context What TVL means Data source and limits

depth over timepeak $35.09M

Depth rank: #424
Protocols read: 9
Stablecoin USD market value: $2.2K

State: Direction withheld
Confidence: lowThe chain level is source-backed. Confidence is capped because token-price effects are not removed from TVL.
Snapshot captured: 2026-08-11 05:59 UTC

Three strongest drivers

Reported nominal TVL$0.0000Current chain level from the validated DeFiLlama chain roster.
Seven-day nominal changeWithheldThe validated history has 622 daily observations, but it does not reconcile to the requested seven-day window.
Stablecoin cash layer$2.2KOpen-data stablecoin circulating USD market value reported on this chain, shown separately from TVL and token units.

Open the 30-second readChange, history, comparison, and implication

What changed

A seven-day change is withheld until the history has two endpoints in the requested window.

The validated history has 622 daily observations, but it does not reconcile to the requested seven-day window.

Is it unusual

Current nominal TVL sits at the 11th percentile of the stored chain history.

Daily nominal-TVL change volatility is 12.31%. Price effects remain inside that history.

How it compares

Swellchain ranks #424 of 461 validated chains by nominal USD TVL.

The validated chain median is $338.1K. This is a level comparison, not a quality verdict.

Why it matters

The current level is visible, but the direction thesis is not ready.

This is market-structure context, not a forecast or a trade recommendation.

Open the evidence trailCounterevidence, invalidation, sources, and method

What argues against this reading

Token-price repricing can explain some or all of the nominal USD TVL change.

Bathymark does not label this series fresh capital, deposits, or withdrawals.

Stablecoin circulating USD market value is $2.2K, a separate stock that can confirm or contradict the TVL level.

Velodrome V3 leads the visible protocol roster, but the slim endpoint does not expose its exact Swellchain allocation.

What would change the call

The direction call becomes available when two reconciled endpoints span seven days.

Measured byFirst and last validated DeFiLlama chain TVL values across a seven-day window under the same method version.

Next review

Next daily chain-depth review

Exact sources

DeFiLlama Historical Chain TVL APIhttps://api.llama.fi/v2/historicalChainTvl/SwellchainSource observation: 2026-08-11 00:00 UTCSupports: Nominal USD chain TVL history and reconciled period changes.Limit: The chain TVL history passed schema, completeness, and freshness checks.
DeFiLlama Chains APIhttps://api.llama.fi/v2/chainsSupports: Current nominal chain TVL and peer ranking.Limit: The chain roster passed schema, completeness, and freshness checks.
DeFiLlama Protocols APIhttps://api.llama.fi/protocolsSupports: Protocol presence, category, and total global TVL for the chain roster.Limit: Protocol TVL is a source-reported nominal USD value, not executable token liquidity or proof of custody, solvency, safety, or redeemability.
DeFiLlama Stablecoin Chains APIhttps://stablecoins.llama.fi/stablecoinchainsSupports: Open-data circulating USD market value across all reported stablecoin peg buckets on each chain.Limit: The per-chain stablecoin roster passed schema, completeness, and freshness checks.

Formula

7d nominal TVL change = (last nominal USD TVL - first nominal USD TVL) / first nominal USD TVL * 100

The displayed period change is accepted only when it reconciles with the first and last source values. Price effects are not removed.

Open formula note

Snapshot receipt

Snapshot captured: 2026-08-11 05:59 UTC
Ingested: 2026-08-11 05:59 UTC
Method version: chain-depth-2026-07-11.1Current level, historical context, peer rank, and corroborating evidence remain separate fields.

Missing inputs

Price-adjusted deposits and withdrawals

Protocol roster map

Categories among protocols that list Swellchain. This uses each protocol's total global TVL as roster weight because the slim open list does not expose per-chain protocol allocation. CEX reserve rows are omitted from this chain roster.

Dexs3 rows

Yield Aggregator3 rows

Bridge1 row

Risk Curators1 row

Liquidity Manager1 row

This chain, measured

The Almanac's instruments, read for Swellchain alone. Open any one for the full method, history, and what it can and cannot mean.

Share of all DeFi

0.00%rank #424 of 461

Swellchain holds 0.00% of all on-chain liquidity, the #424 deepest chain. Dominance is how much of the ocean sits here.

Stablecoins here

$2.2Ksource-reported stablecoin value on chain

$2.2K in source-reported stablecoin circulating USD market value is attributed to Swellchain. It is not a reserve balance, token-unit count, or measure of immediately spendable dollars.

30-day tide

Range: Swellchain TVLApr 28, 2026 to Jun 26, 2026
Observations: 60
First: $745,415
Latest: $15,332

-74.6%draining

Swellchain's reported USD TVL moved -74.6% over the last month. Token-price effects are not removed, so this is not labelled deposit flow.

Roster concentration

46%Velodrome V3 leads roster

Velodrome V3 is 46% of the listed non-CEX roster by global protocol TVL. This is context, not a per-chain allocation.

Largest protocols by reported TVL on Swellchain

Protocols that list Swellchain, ranked by each protocol's total reported total TVL. The open list does not expose chain-specific allocation for every protocol, so this is a non-CEX roster read, not a per-chain TVL split.

Protocol	Category	TVL	7d
Velodrome V3	Dexs	$18.66M	-2.8%
Velodrome V2	Dexs	$14.09M	-0.8%
Nucleus	Yield Aggregator	$5.49M	-26.6%
Ambient	Dexs	$1.89M	-0.1%
Swell Earn	Yield Aggregator	$436.3K	+0.0%
Clovis	Yield Aggregator	$218.3K	-0.5%
Ulysses	Bridge	$25.3K	+0.6%
Relend Network	Risk Curators	$16K	+0.1%
Tempest Finance	Liquidity Manager	$754.47	+1.1%

Bathymark reads this chain from DeFiLlama's open chain and protocol datasets. TVL can rise or fall because asset prices moved, so the branded tide is a nominal USD depth-proxy reading, not measured flow or a forecast.

How to read Swellchain liquidity

Protocol concentration

Bathymark reads 9 large protocols and 5 categories on Swellchain. Concentration matters because one venue can make a chain look deeper than it is, even when the venue also operates elsewhere.

Stablecoin cash layer

$2.2K of stablecoin circulating USD market value is visible on Swellchain in the current open-data read. This is not token count or reserve value.

What it cannot mean

Rising TVL cannot prove new users arrived. Falling TVL cannot prove abandonment. The number describes depth, then the cause has to be checked.

Questions this page answers

What is Swellchain TVL in this snapshot?

Swellchain reports $0.0000 in nominal DeFi TVL on Bathymark's current open-data reading. That is a USD-valued depth proxy, not measured exit liquidity.

Is Swellchain nominal TVL rising or falling?

Bathymark cannot reconcile two Swellchain history endpoints to the requested seven-day window, so no liquidity direction is assigned.

Which protocols hold the most liquidity on Swellchain?

Velodrome V3, Velodrome V2, Nucleus are among the deepest protocols Bathymark reads on Swellchain.

What does liquidity depth mean for Swellchain?

Bathymark uses reported USD TVL as an open depth proxy for the ecosystem. It is not an order-book or exit-liquidity measure, and it can move because deposits, withdrawals, token prices, incentives, or source mapping changed.

Measurement receipt

What this number is, and is not

Bathymark reads source-reported USD TVL as a chain-depth proxy. The value can move because assets repriced, deposits changed, withdrawals changed, incentives moved, or the source mapping changed.

Source: DeFiLlama chain, protocol, and stablecoin datasets
Snapshot: 2026-08-11T05:59:40.893Z
Freshness: Live validated snapshot
History: Current validated history captured 2026-08-11T05:59:42.250Z
Caveat: Nominal USD change, price effects are not removed

Read the method Inspect source policy

Connected to Swellchain

Every surface that reads this chain from another angle, so a question that starts here never dead-ends.

Taking the sounding

Live validated snapshot

Chain liquidity sounding

Swellchain

The current depth is measured, but the seven-day direction is withheld until the elapsed-time window reconciles.

Reported nominal TVL$0.0000Seven-day direction withheld

Depth rank: #424
Protocols mapped: 9

Source: DeFiLlama open chain roster
Captured: 2026-08-11T05:59:40.893Z
Unit: Nominal USD TVL
Does not prove: Deposits, exits, or unique users

What this page answers

Chain TVL change context What TVL means Data source and limits

depth over timepeak $35.09M

Depth rank: #424
Protocols read: 9
Stablecoin USD market value: $2.2K

State: Direction withheld
Confidence: lowThe chain level is source-backed. Confidence is capped because token-price effects are not removed from TVL.
Snapshot captured: 2026-08-11 05:59 UTC

Three strongest drivers

Reported nominal TVL$0.0000Current chain level from the validated DeFiLlama chain roster.
Seven-day nominal changeWithheldThe validated history has 622 daily observations, but it does not reconcile to the requested seven-day window.
Stablecoin cash layer$2.2KOpen-data stablecoin circulating USD market value reported on this chain, shown separately from TVL and token units.

Open the 30-second readChange, history, comparison, and implication

What changed

A seven-day change is withheld until the history has two endpoints in the requested window.

The validated history has 622 daily observations, but it does not reconcile to the requested seven-day window.

Is it unusual

Current nominal TVL sits at the 11th percentile of the stored chain history.

Daily nominal-TVL change volatility is 12.31%. Price effects remain inside that history.

How it compares

Swellchain ranks #424 of 461 validated chains by nominal USD TVL.

The validated chain median is $338.1K. This is a level comparison, not a quality verdict.

Why it matters

The current level is visible, but the direction thesis is not ready.

This is market-structure context, not a forecast or a trade recommendation.

Open the evidence trailCounterevidence, invalidation, sources, and method

What argues against this reading

Token-price repricing can explain some or all of the nominal USD TVL change.

Bathymark does not label this series fresh capital, deposits, or withdrawals.

Stablecoin circulating USD market value is $2.2K, a separate stock that can confirm or contradict the TVL level.

Velodrome V3 leads the visible protocol roster, but the slim endpoint does not expose its exact Swellchain allocation.

What would change the call

The direction call becomes available when two reconciled endpoints span seven days.

Measured byFirst and last validated DeFiLlama chain TVL values across a seven-day window under the same method version.

Next review

Next daily chain-depth review

Exact sources

DeFiLlama Historical Chain TVL APIhttps://api.llama.fi/v2/historicalChainTvl/SwellchainSource observation: 2026-08-11 00:00 UTCSupports: Nominal USD chain TVL history and reconciled period changes.Limit: The chain TVL history passed schema, completeness, and freshness checks.
DeFiLlama Chains APIhttps://api.llama.fi/v2/chainsSupports: Current nominal chain TVL and peer ranking.Limit: The chain roster passed schema, completeness, and freshness checks.
DeFiLlama Protocols APIhttps://api.llama.fi/protocolsSupports: Protocol presence, category, and total global TVL for the chain roster.Limit: Protocol TVL is a source-reported nominal USD value, not executable token liquidity or proof of custody, solvency, safety, or redeemability.
DeFiLlama Stablecoin Chains APIhttps://stablecoins.llama.fi/stablecoinchainsSupports: Open-data circulating USD market value across all reported stablecoin peg buckets on each chain.Limit: The per-chain stablecoin roster passed schema, completeness, and freshness checks.

Formula

7d nominal TVL change = (last nominal USD TVL - first nominal USD TVL) / first nominal USD TVL * 100

The displayed period change is accepted only when it reconciles with the first and last source values. Price effects are not removed.

Open formula note

Snapshot receipt

Snapshot captured: 2026-08-11 05:59 UTC
Ingested: 2026-08-11 05:59 UTC
Method version: chain-depth-2026-07-11.1Current level, historical context, peer rank, and corroborating evidence remain separate fields.

Missing inputs

Price-adjusted deposits and withdrawals

Protocol roster map

Dexs3 rows

Yield Aggregator3 rows

Bridge1 row

Risk Curators1 row

Liquidity Manager1 row

This chain, measured

The Almanac's instruments, read for Swellchain alone. Open any one for the full method, history, and what it can and cannot mean.

Share of all DeFi

0.00%rank #424 of 461

Swellchain holds 0.00% of all on-chain liquidity, the #424 deepest chain. Dominance is how much of the ocean sits here.

Stablecoins here

$2.2Ksource-reported stablecoin value on chain

$2.2K in source-reported stablecoin circulating USD market value is attributed to Swellchain. It is not a reserve balance, token-unit count, or measure of immediately spendable dollars.

30-day tide

Range: Swellchain TVLApr 28, 2026 to Jun 26, 2026
Observations: 60
First: $745,415
Latest: $15,332

-74.6%draining

Swellchain's reported USD TVL moved -74.6% over the last month. Token-price effects are not removed, so this is not labelled deposit flow.

Roster concentration

46%Velodrome V3 leads roster

Velodrome V3 is 46% of the listed non-CEX roster by global protocol TVL. This is context, not a per-chain allocation.

Largest protocols by reported TVL on Swellchain

Protocol	Category	TVL	7d
Velodrome V3	Dexs	$18.66M	-2.8%
Velodrome V2	Dexs	$14.09M	-0.8%
Nucleus	Yield Aggregator	$5.49M	-26.6%
Ambient	Dexs	$1.89M	-0.1%
Swell Earn	Yield Aggregator	$436.3K	+0.0%
Clovis	Yield Aggregator	$218.3K	-0.5%
Ulysses	Bridge	$25.3K	+0.6%
Relend Network	Risk Curators	$16K	+0.1%
Tempest Finance	Liquidity Manager	$754.47	+1.1%

How to read Swellchain liquidity

Protocol concentration

Bathymark reads 9 large protocols and 5 categories on Swellchain. Concentration matters because one venue can make a chain look deeper than it is, even when the venue also operates elsewhere.

Stablecoin cash layer

$2.2K of stablecoin circulating USD market value is visible on Swellchain in the current open-data read. This is not token count or reserve value.

What it cannot mean

Rising TVL cannot prove new users arrived. Falling TVL cannot prove abandonment. The number describes depth, then the cause has to be checked.

Questions this page answers

What is Swellchain TVL in this snapshot?

Swellchain reports $0.0000 in nominal DeFi TVL on Bathymark's current open-data reading. That is a USD-valued depth proxy, not measured exit liquidity.

Is Swellchain nominal TVL rising or falling?

Bathymark cannot reconcile two Swellchain history endpoints to the requested seven-day window, so no liquidity direction is assigned.

Which protocols hold the most liquidity on Swellchain?

Velodrome V3, Velodrome V2, Nucleus are among the deepest protocols Bathymark reads on Swellchain.

What does liquidity depth mean for Swellchain?

Measurement receipt

What this number is, and is not

Bathymark reads source-reported USD TVL as a chain-depth proxy. The value can move because assets repriced, deposits changed, withdrawals changed, incentives moved, or the source mapping changed.

Source: DeFiLlama chain, protocol, and stablecoin datasets
Snapshot: 2026-08-11T05:59:40.893Z
Freshness: Live validated snapshot
History: Current validated history captured 2026-08-11T05:59:42.250Z
Caveat: Nominal USD change, price effects are not removed

Read the method Inspect source policy

Connected to Swellchain

Every surface that reads this chain from another angle, so a question that starts here never dead-ends.