DefiLlama, the go-to platform for DeFi analytics, just dropped an exciting update: they're now tracking the PacaSwap Bridge on the Constellation network. This move highlights the growing ecosystem around Constellation, a blockchain that's all about speed and zero fees. If you're into DeFi or hunting for the next big meme token, this could be a signal to pay attention.

In their tweet, DefiLlama announced the addition, noting that PacaSwap is a decentralized exchange (DEX) built on Constellation. The bridge, which facilitates asset transfers to and from the network, currently boasts a Total Value Locked (TVL) of over $538,000. TVL is basically the amount of assets staked or locked in a protocol—think of it as a measure of trust and activity in the ecosystem.

What is Constellation and Why Does It Matter?

Constellation isn't your typical blockchain. It uses a Directed Acyclic Graph (DAG) structure instead of a traditional chain, which allows for super-fast transactions without any gas fees. Gas fees are those annoying costs you pay to process transactions on networks like Ethereum. On Constellation, everything happens feelessly, making it ideal for high-volume activities like trading meme tokens.

The network operates as a Layer-0 infrastructure, meaning it provides the base layer for building custom "metagraphs"—essentially mini-blockchains or Layer-1s with their own rules. This setup promotes scalability and customization, perfect for enterprises or niche communities, including those pumping out viral meme coins.

Introducing PacaSwap: The First Native DEX on Constellation

PacaSwap launched in late August 2025 as Constellation's flagship DEX, according to reports from Genfinity. It lets users swap DAG (Constellation's native token) and other metagraph tokens seamlessly. Powered by an Automated Market Maker (AMM) model, it matches trades without needing order books, and it supports atomic swaps for instant cross-metagraph exchanges.

One standout feature? No bridges or custodians needed for internal trades, which reduces risks like hacks that plague traditional bridges. However, the PacaSwap Bridge—now tracked by DefiLlama—likely refers to Constellation's integration for moving assets to other chains, such as Base, enabling broader liquidity flow. This bridge opens the door for users to bring in stablecoins like USDC or other tokens, supercharging DeFi on the network.

PacaSwap also introduced its own token, $SWAP, which handles governance, liquidity rewards, and validator incentives. With tokenomics designed for long-term sustainability, $SWAP could become a hot pick in the meme token space, especially with its alpaca-themed branding tying into the fun, community-driven vibe of memes.

Why DefiLlama's Tracking is a Big Deal

DefiLlama is like the Bloomberg of DeFi—it tracks TVL, volumes, and more across hundreds of protocols. By adding PacaSwap Bridge, they're giving it prime visibility. This can attract more liquidity providers, traders, and even developers to Constellation. For context, bridges are crucial in DeFi because they connect isolated ecosystems, allowing assets to move freely and preventing "liquidity silos."

As one reply to the tweet noted, "Bridge season really heating up on $DAG." Indeed, with TVL already at half a million dollars shortly after launch, this could signal rapid growth. For meme token enthusiasts, it means easier access to launch and trade fun, community-backed tokens on a feeless network, potentially rivaling chains like Solana in speed and cost.

Potential for Meme Tokens on Constellation

Meme tokens thrive on low barriers to entry, viral marketing, and quick trades. Constellation's feeless model eliminates the friction that kills momentum on gas-heavy chains. Imagine deploying a metagraph for a new meme coin without worrying about fees eating into your hype budget. PacaSwap's DEX and bridge make it simple to swap, provide liquidity, and earn rewards, fostering a vibrant ecosystem.

While $DAG and $SWAP aren't pure memes, their tech could host the next wave of them. Communities are already buzzing, with node operator programs and airdrop hints drawing in speculators. If you're a blockchain practitioner, this is a chance to dive into DAG tech and build something innovative.

Keep an eye on Constellation's official site and DefiLlama's bridges page for updates. Who knows—this could be the start of Constellation's DeFi explosion, complete with meme magic.