What Tinyman does

Tinyman is a decentralized Automated Market Maker (AMM) protocol built on the Algorand blockchain, operated by TM Distributed Development Ltd., a private company governed by the laws of the British Virgin Islands. Founded in 2021, the protocol enables users to swap Algorand Standard Assets (ASAs) at market rates using the Constant Product Formula (x*y=k), while supporting liquidity provision, yield farming, and advanced features including flash loans, flash swaps, liquid staking, and trigger/recurring orders. Its users are segmented into DeFi traders, liquidity providers, farmers, and developers building on Algorand, with no named enterprise customers.

The core product is Tinyman V2, launched on Algorand Mainnet in 2022, which introduced new contracts, enhanced flash loan and flash swap capabilities, flexible (FLEX) liquidity adding, single-asset liquidity provision, and improved pool creation. Smart contracts are written in Tealish and compiled for the Algorand Virtual Machine (AVM), with official Python and JavaScript SDKs maintained by the core team. Complementary products include a Swap Router for multi-hop swaps, an embeddable Swap Widget for third-party integrations, Lending Pools co-developed with FolksFinance, an ASA List directory covering 613 ecosystem projects, and a planned TINY governance token. Security is supported by audits from Runtime Verification and Coinspect, alongside a bug bounty program offering up to $200,000 via Immunefi.

Tinyman's revenue model is a standard 0.3% swap fee split between liquidity providers (0.25%) and the protocol (0.05%), with parallel fee mechanics on flash loans and flash swaps and a configurable protocol fee fraction (1/n, n=3–10). The company raised $2.5 million in a seed round in October 2021 led by Borderless Capital with participation from DCG, Arrington Capital, Genesis, and approximately 16 other investors; no subsequent funding rounds are disclosed. Go-to-market is community-led and product-led via Discord, Telegram, Twitter, Reddit, Medium, YouTube, and GitHub, with the self-serve web application at app.tinyman.org serving as the primary user surface and wallet connectivity provided through Pera, MyAlgo, Exodus, Defly, Fireblocks, Pera Connect, WalletConnect, and AlgoSigner.

Name

Tinyman

Legal name

TM Distributed Development Ltd.

Website

https://tinyman.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Tinyman is a decentralized Automated Market Maker (AMM) protocol on the Algorand blockchain that enables swapping of Algorand Standard Assets, liquidity provision, and DeFi features such as flash loans, flash swaps, and liquid staking, serving DeFi traders, liquidity providers, and developers.

Ownership category

akta.pro rank

Product category

Decentralized Finance Protocol

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Spot AMM DEXs (FSADABAA)

akta.pro secondary industries

Decentralized Exchanges (DEX) & AMMs (FSAPADAB), Decentralized Exchanges (DEX) & AMMs (FSADAMAB)

Keywords

• Decentralized exchange
• Automated market maker
• Algorand defi
• Liquidity pools
• Token swapping

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Swap Fees: Industry-standard 0.3% fee on all swaps, paid in the currency of input/sell asset. Out of this fee, the protocol earns 0.05% and liquidity providers earn 0.25%. The fee is added to the liquidity in the pool.
2. Flash Loan Fees: Flash loans charge the same fee rate as swaps (0.3% default). Fee is applied to loan amounts. Minimum repayment must equal loan amount plus fee.
3. Flash Swap Fees: Flash swaps apply the same fee as regular swaps (0.3% default), applied to input assets.
4. Protocol Fee Collection: Protocol fees accumulate in both assets and can be claimed by any user that issues an appropriate Application Call, transferred to the fee_collector address.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Tinyman is a decentralized Automated Market Maker (AMM) protocol built on the Algorand blockchain. It enables users to swap Algorand Standard Assets (ASAs) at market rates, provide liquidity to pools to earn a share of swap fees, and access advanced DeFi capabilities such as flash loans, flash swaps, liquid staking, lending pools, and automated trigger/recurring orders. The protocol operates via non-upgradable smart contracts written in Tealish and deployed on the Algorand Virtual Machine.

Product overview

Tinyman is a decentralized trading protocol built on the Algorand blockchain, operating as a next-generation Automated Market Maker (AMM). The core product is Tinyman V2, which enables users to swap Algorand Standard Assets and provide liquidity to earn fees. The platform offers a comprehensive suite of products including Liquid Staking for earning rewards on staked ALGO, Trigger Orders & Recurring Orders for automated trading, Lending Pools (via FolksFinance partnership), Flash Loans and Flash Swaps for advanced users, and Swap Router/Swap Widget for extended functionality. Developer tools include Python and JavaScript SDKs. The platform also includes an ASA List project for ecosystem icon standardization. A governance token (TINY) is planned for future decentralized governance.

Differentiator

Problem solved

Functional benefit

Products and services

• Tinyman V2 The core decentralized Automated Market Maker (AMM) protocol on Algorand enabling users to swap Algorand Standard Assets and provide liquidity to earn swap fees.
• Liquid Staking Allows users to stake ALGO tokens to support the security of the Algorand blockchain and earn rewards seamlessly, with assets remaining liquid.
• Trigger Orders & Recurring Orders Trading automation tools that enable users to automate swaps based on price targets or set recurring orders.
• Lending Pools An innovative lending solution developed jointly with FolksFinance, tailored for the Algorand ecosystem to enable borrowing and lending activities.
• Swap Router Enables multi-hop swaps across multiple pools in a single transaction, finding optimal routes for token exchanges.
• Swap Widget An embeddable widget enabling any project to integrate Tinyman Swap functionality into their applications easily and quickly.
• Flash Loans Allows users to borrow single or multiple assets with no collateral, with the condition of paying back within the same transaction group; fee rate same as swap fee rate (0.3% default).
• Flash Swaps Allows users to receive output assets first, make a profit, and pay back within same transaction group; users can pay back in both assets as long as final pool invariant increases and covers fee.
• Python SDK Official Python SDK started and maintained by the Tinyman core development team for programmatic interaction with the protocol.
• JavaScript SDK Official JavaScript/TypeScript SDK maintained by the Tinyman core development team for programmatic interaction with the protocol.
• Farms Incentive programs that reward users for committing LP tokens to selected pools, with rewards funded by third-party organizations.

Quantifiable outcome

• 0.3% industry-standard swap fee
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core and major.

• Algorand FoundationcoreStrategic or Co-development PartnerTinyman is positioned as a growth catalyst for Algorand's DeFi ecosystem, supported by Algorand's $300 million fund for DeFi development.
• Runtime VerificationmajorTechnology or IntegrationConducted security audits of Tinyman V1 and V2 smart contracts. Published audit reports and blog posts about the audits.
• CoinspectmajorTechnology or IntegrationConducted security review of Tinyman smart contracts (January 2022).
• FolksFinancemajorStrategic or Co-development PartnerPartnership for Lending Pools - an innovative solution developed jointly by FolksFinance and Tinyman for the Algorand ecosystem.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• Matcha: DEX aggregator built on 0x that sources liquidity across multiple AMMs. Indirectly comparable — if Matcha extended to Algorand it would compete with Tinyman's swap router and widget for end-user swap volume.

Broad incumbents

• Curve Finance: Major AMM DEX focused on stablecoin and like-asset swaps with its own invariant. Comparable as a category-defining AMM with deep liquidity and a governance token (CRV); serves as a benchmark for AMM business models Tinyman could evolve toward.
• Uniswap: The largest decentralized AMM protocol, originally on Ethereum and now multi-chain. Direct functional equivalent to Tinyman (constant-product AMM, liquidity provision, swap fees) but operates at vastly larger scale and serves as the reference implementation Tinyman's model is based on.

Direct peers

• SushiSwap: Multi-chain AMM and DeFi platform offering swap, liquidity provision, and farming across many chains. Closely mirrors Tinyman's product set (AMM, farms, cross-chain ambitions) and is a direct functional peer.
• PancakeSwap: Leading AMM DEX originally on BNB Chain, now multi-chain. Comparable product scope (AMM, farms, liquidity pools, lottery, NFT marketplace) and a parallel pattern of dominant AMM position on a non-Ethereum L1 — directly analogous to Tinyman's Algorand positioning.
• Balancer: Multi-chain AMM that pioneered flexible-weight liquidity pools (akin to Tinyman's FLEX feature). Comparable DeFi primitives and multi-chain deployment pattern; competes for the same DeFi user base Tinyman targets.
• Folks Finance: Algorand-native DeFi platform (lending, liquid staking) that has a partnership with Tinyman for lending pools. Operates on the same chain and overlaps in DeFi user base; an adjacent competitor for the same Algorand DeFi mindshare and liquidity.
• AlgoFi: Algorand-native DeFi protocol offering lending, swapping, and synthetic assets. Directly comparable because it operates on the same Algorand chain, targeting the same user base, and competing for the same DeFi liquidity and user activity.

Emerging players

• Velodrome: AMM DEX on Optimism with ve(3,3) tokenomics and a governance token that drives incentive-based liquidity growth. Comparable to Tinyman's planned TINY governance token model and competing for the same cross-chain DeFi user base.
• Trader Joe: Leading AMM on Avalanche with expanding multi-chain presence. Comparable as a dominant AMM on an alternative L1, with feature expansion (lending, launchpad) — analogous to Tinyman's position on Algorand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/tinymanorg
• GitHubgithub.com/tinymanorg
• YouTubeyoutube.com/channel/UCBcyl1Hted1U0mUXO2ayP_Q
• LinkedInlinkedin.com/company/tinymanorg

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tinyman