Ask about Tornado Cash · freeTotal Value Locked$761.04m
TVL by Chain
Ethereum$702.68m
BSC$57.61m
Arbitrum$561,810
Avalanche$50,070
Gnosis$46,904
Polygon$42,180
OP Mainnet$28,201
EthereumClassic$26,935
Key Metrics
Fees 30d$609,212
Fees 30d by chain
Ethereum$602,754
BSC$3,551
Arbitrum$2,898
Polygon$6.31
OP Mainnet$1.40
Gnosis$0.09
Avalanche$0
Fees 7d$168,800
Ethereum$168,012
BSC$766.83
Arbitrum$17.69
Polygon$1.83
Avalanche$0
Gnosis$0
OP Mainnet$0
Fees 24h$15,853
Ethereum$15,763
BSC$88.65
Arbitrum$0.61
Polygon$0.27
Avalanche$0
Gnosis$0
OP Mainnet$0
Cumulative Fees$14.7m
Ethereum$14.35m
BSC$309,220
Arbitrum$40,932
Avalanche$1,183
Polygon$1,048
Gnosis$39.73
OP Mainnet$17.48
Revenue 30d$402,386
Revenue 30d by chain
Ethereum$402,386
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Revenue 7d$113,225
Ethereum$113,225
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Revenue 24h$11,561
Ethereum$11,561
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Cumulative Revenue$9.36m
Ethereum$9.36m
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Holders Revenue 30d$402,386
Holders Revenue 30d by chain
Ethereum$402,386
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Holders Revenue 7d$113,225
Ethereum$113,225
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Holders Revenue 24h$11,561
Ethereum$11,561
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Cumulative Holders Revenue$9.36m
Ethereum$9.36m
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3.52m
Earnings 30d$402,386
Earnings 7d$113,225
Earnings 24h$11,561
Cumulative Earnings$9.36m
Market Cap$32.94m
$TORN Price$6.87
Fully Diluted Valuation$68.67m
Outstanding FDV$68.7m
$TORN Volume 24h$1.35m
CEX Volume$1.28m
DEX Volume$81,604(6.06% of total)
Treasury$32.56m
Majors$20,555
Stablecoins$7.08
Own Tokens$32.54m
Others$0.00059
Protocol Information
Non-custodial anonymous transactions on Ethereum.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees users pay to relayers when withdrawing from Tornado Cash pools through a relayer.View code on GitHubRevenue: TORN deducted from relayer stakes on each relayed Ethereum withdrawal, paid out of the relayer fee and distributed to TORN governance stakers. Other chains have no protocol fee.View code on GitHubHolders Revenue: TORN deducted from relayer stakes on each relayed Ethereum withdrawal and distributed to TORN locked in governance (no TORN is burned).View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Treasury: Value of tokens owned by the protocolHacks
Date: May 20, 2023
Amount: $2.17m
Classification: Governance
Technique: Malicious Proposal
Chains: Ethereum
Language: Solidity
Target Type: DAO
Competitors
Tornado Cash history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 17, 2019 to Oct 20, 2026.
All-time high TVL: $1.232b on Nov 10, 2025. All-time low TVL: $2,464 on Dec 17, 2019.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $791.92m |
| Sep 22, 2026 | $808.52m |
| Sep 23, 2026 | $790.2m |
| Sep 24, 2026 | $774.22m |
| Sep 25, 2026 | $770.66m |
| Sep 26, 2026 | $779.65m |
| Sep 27, 2026 | $780.72m |
| Sep 28, 2026 | $774.3m |
| Sep 29, 2026 | $774.18m |
| Sep 30, 2026 | $764.31m |
| Oct 1, 2026 | $767.01m |
| Oct 2, 2026 | $772.66m |
| Oct 3, 2026 | $765.64m |
| Oct 4, 2026 | $769.72m |
| Oct 5, 2026 | $778.86m |
| Oct 6, 2026 | $773.59m |
| Oct 7, 2026 | $766.44m |
| Oct 8, 2026 | $730.15m |
| Oct 9, 2026 | $701.32m |
| Oct 10, 2026 | $715.41m |
| Oct 11, 2026 | $715.46m |
| Oct 12, 2026 | $722.64m |
| Oct 13, 2026 | $690.76m |
| Oct 14, 2026 | $721.09m |
| Oct 15, 2026 | $683.23m |
| Oct 16, 2026 | $692.75m |
| Oct 17, 2026 | $684.62m |
| Oct 18, 2026 | $680.66m |
| Oct 19, 2026 | $682.6m |
| Oct 20, 2026 | $678.86m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $642.83m |
| Dec 31, 2024 | $585.34m |
| Jan 31, 2025 | $548.74m |
| Feb 28, 2025 | $423.13m |
| Mar 31, 2025 | $332.96m |
| Apr 30, 2025 | $315.91m |
| May 31, 2025 | $440.89m |
| Jun 30, 2025 | $461.73m |
| Jul 31, 2025 | $671.74m |
| Aug 31, 2025 | $773.18m |
| Sep 30, 2025 | $767.98m |
| Oct 31, 2025 | $850.99m |
| Nov 30, 2025 | $1.011b |
| Dec 31, 2025 | $1.019b |
| Jan 31, 2026 | $669.82m |
| Feb 28, 2026 | $476.62m |
| Mar 31, 2026 | $489.05m |
| Apr 30, 2026 | $561.15m |
| May 31, 2026 | $508.35m |
| Jun 30, 2026 | $428.46m |
| Jul 31, 2026 | $581.97m |
| Aug 31, 2026 | $727.28m |
| Sep 30, 2026 | $764.31m |
| Oct 20, 2026 (latest) | $678.86m |
TVL at each year end, Dec 31, 2019 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2019 | $157,950 |
| Dec 31, 2020 | $52.35m |
| Dec 31, 2021 | $587.15m |
| Dec 31, 2022 | $165.85m |
| Dec 31, 2023 | $345.51m |
| Dec 31, 2024 | $585.34m |
| Dec 31, 2025 | $1.019b |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $366,947 | $269,453 | $269,453 |
| Dec 2024 | $351,622 | $194,158 | $194,158 |
| Jan 2025 | $214,754 | $103,465 | $103,465 |
| Feb 2025 | $134,030 | $55,563 | $55,563 |
| Mar 2025 | $179,765 | $60,116 | $60,116 |
| Apr 2025 | $301,864 | $187,968 | $187,968 |
| May 2025 | $629,964 | $425,698 | $425,698 |
| Jun 2025 | $603,315 | $415,583 | $415,583 |
| Jul 2025 | $426,035 | $291,327 | $291,327 |
| Aug 2025 | $539,646 | $360,523 | $360,523 |
| Sep 2025 | $704,370 | $469,806 | $469,806 |
| Oct 2025 | $623,372 | $399,485 | $399,485 |
| Nov 2025 | $656,059 | $441,777 | $441,777 |
| Dec 2025 | $665,030 | $394,621 | $394,621 |
| Jan 2026 | $490,192 | $318,928 | $318,928 |
| Feb 2026 | $389,098 | $275,324 | $275,324 |
| Mar 2026 | $229,457 | $152,461 | $152,461 |
| Apr 2026 | $223,118 | $149,269 | $149,269 |
| May 2026 | $263,028 | $175,182 | $175,182 |
| Jun 2026 | $335,075 | $235,377 | $235,377 |
| Jul 2026 | $501,070 | $327,306 | $327,306 |
| Aug 2026 | $487,215 | $328,369 | $328,369 |
| Sep 2026 | $517,107 | $351,184 | $351,184 |
| Oct 2026 (to date) | $366,547 | $233,658 | $233,658 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/tornado-cash
Frequently asked questions
What is Tornado Cash's TVL?
As of Oct 20, 2026, Tornado Cash has $761.04m in total value locked. TVL has decreased 0.9% over the past 30 days.
What chains does Tornado Cash operate on?
Tornado Cash operates on 8 chains: Ethereum, BSC, Arbitrum, Avalanche, and Gnosis and 3 others. Ethereum holds the largest share at 92.3%.
How much has Tornado Cash generated in fees and revenue?
Over the past 30 days, Tornado Cash generated $609,212 in fees. Of that, $402,386 was protocol revenue. Based on the trailing year, the annualized rate is $5.33m in fees and $3.52m in revenue.
What is the TORN token price and valuation?
TORN is currently trading at $6.87. Its circulating market capitalization is $32.94m, ranking it #790. Its fully diluted valuation is $68.67m. Supply currently stands at 4.8m circulating, 10m total supply, 10m maximum supply.
How has TORN performed recently?
TORN is up 0.1% over the past 7 days and up 7.7% over the past 30 days. Its all-time high is $436.16, reached on Feb 13, 2021. The token is currently 98.4% below that level.
How does Tornado Cash's TVL compare to similar protocols?
Among Privacy protocols tracked by DefiLlama, Tornado Cash ranks #1 by TVL. The category holds $1.019b across 48 protocols, and Tornado Cash accounts for 74.4% of that total. Similar protocols include Hinkal, Railgun, zERC20, Privacy Pools, Vortexo, Privacy Cash, zkBob, Nullmask, Payy, and Zama.
Does Tornado Cash have a treasury?
Tornado Cash has a tracked treasury currently valued at $32.56m. Its holdings include $7.08 in stablecoins, $20,555 in major assets, $32.54m in its own tokens, $0.00059 in other assets.
Has Tornado Cash ever been exploited?
Tornado Cash has 1 recorded security incident. The most recent incident occurred on May 20, 2023 and involved $2.17m. It was classified as Governance.