Thala is a decentralized finance (DeFi) protocol native to the Aptos blockchain. The protocol revolves around two key products: Move Dollar and Thala Swap.
Move Dollar, or MOD, is an Aptos-native stablecoin used to transact, facilitate, and interact with various other DeFi protocols in the ecosystem, while acting as a store of value, a medium of exchange, and a unit of account.
MOD is an over-collateralized, yield-bearing stablecoin backed by a basket of on-chain assets. Its diverse collateral base of liquid staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs ensures its decentralized, censorship-resistant nature without compromising capital efficiency. Thala Swap is an automated market maker that enables dynamic pool weightings. The protocol supports weighted pools, stable pools, and liquidity bootstrapping pools, among others. Thala Swap unlocks additional use cases for MOD, and the protocol's ownership of liquidity enables deep, long-term liquidity that can exist largely un-incentivized.
Dynamic pool weightings, and more specifically, the liquidity bootstrapping pool (LBP), powers Thala's third product. Built on top of Thala Swap, Thala's launchpad provides a safe and equitable way of distributing tokens for both projects and market participants.
$THL is the governance token of Thala, where token holders can vote on crucial decisions and enact protocol-wide changes. This includes but is not limited to: adjustments to protocol parameters such as swap fees, vault interest rates, mint fees, etc, contract upgrades that are executable only through governance to ensure the continued development of the protocol, treasury deployments, including treasury swaps with partner protocols, contributor compensation, audits, and more, additional product and cross-chain deployments to expand Thala’s product suite.
Where is Thala available for purchase?
You can exchange THL tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Thala is MEXC, notably the THL/USDT pair, which saw a trading volume of $ 98,400 in the past day. Additionally, BingX and ThalaSwap V1 are popular alternatives for trading tokens.
What is the highest value Thala (THL) has ever reached?
Thala (THL) reached its peak price at 3.13 $ on 21 March 2024, approximately a year ago ago. Presently, the current price is -96.82% lower than this all-time high.
What is the historical minimum price for Thala (THL)?
The minimum price reached for Thala (THL) was 0.09392 $, documented on 23 June 2025, more than 2 months ago. In comparison, the current price is 5.91%, it above this historical low.
What is the fully diluted valuation of Thala (THL)?
The fully diluted valuation (FDV) of Thala (THL) stands at $ 11,23 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 100,000,000 THL tokens. The realization of this FDV might take several years depending on the emission schedule of THL tokens.