If you’re into the wild world of decentralized finance (DeFi), you’ve probably heard of NetSwap—a decentralized exchange (DEX) making waves on the Metis Andromeda Layer 2 network. Recently, the team at DeFiLlama dropped some exciting news on X, announcing that they’re now tracking NetSwap’s performance on their sleek Fees & Revenue Dashboard. Posted on August 3, 2025, this update comes with some eye-catching visuals and data that crypto enthusiasts can’t ignore. Let’s break it down!

What’s the Buzz About NetSwap?

NetSwap operates similarly to the popular Uniswap V2, using an Automated Market Maker (AMM) model to let users swap tokens seamlessly. What sets it apart is its home on Metis Andromeda, a Layer 2 solution that boosts scalability and reduces costs. The platform also has its own governance token, NETT, which gives holders a say in its future. With a Total Value Locked (TVL) of $4,000 and a spotlight on its $2.61 million metric, NetSwap is proving it’s a player worth watching.

Diving into the Dashboard Data

The images shared by DeFiLlama offer a snapshot of NetSwap’s financial health. Here’s what stands out:

• Total Value Locked (TVL): Clocking in at $2.61 million, this figure shows how much capital is staked or locked in NetSwap’s liquidity pools—a key indicator of trust and activity.
• Fees (Annualized): A whopping $758,242 in annualized fees, with $62,151 generated in the last 30 days alone. This tells us traders are actively using the platform, paying fees that keep the ecosystem humming.
• Revenue (Annualized): NetSwap raked in $126,392 annually, with $10,366 in the past 30 days. This revenue—likely a portion of the fees—goes to the treasury or token holders, rewarding those who support the network.
• DEX Volume: A solid $1.5 million in the last 30 days shows healthy trading activity, fueling the platform’s growth.
• NETT Token Metrics: The token’s market cap sits at $382,389, with a price of $0.835 and a 24-hour trading volume of $157,969. These numbers hint at a vibrant token economy.

The chart itself is a visual treat, with red bars spiking across June and July 2025, showing a surge in revenue over time. It’s clear NetSwap has hit a sweet spot, especially in recent weeks.

Why This Matters for Meme Token Fans

While NetSwap isn’t a meme token itself, its success on a Layer 2 network like Metis Andromeda could inspire similar projects in the meme coin space. Meme tokens often rely on DEXs for liquidity and trading, and platforms like NetSwap could serve as a blueprint. Plus, the transparency provided by tools like DeFiLlama’s dashboard helps investors track performance—something meme coin enthusiasts crave when navigating the volatile crypto market.

What’s Next for NetSwap?

The reply from user @diobiyanu asking if they can create their own dashboard suggests growing interest in customizable analytics. This could push DeFiLlama to expand its tools, giving users more control over their data. For NetSwap, maintaining this momentum will be key—more liquidity, higher TVL, and community governance could take it to the next level.

If you’re a blockchain practitioner or just love digging into DeFi trends, keep an eye on NetSwap. Its journey on DeFiLlama’s Fees & Revenue Dashboard is a front-row seat to how Layer 2 DEXs are shaping the future. Got thoughts? Drop them in the comments—we’d love to hear what you think about this development!