Ask about Badger DAO · freeTotal Value Locked$12.99m
TVL by Chain
Ethereum$12.87m
Arbitrum$119,301
Polygon$1.55
BSC$0
Fantom$0
Key Metrics
Fees 30d$7,474
Fees 30d by chain
Ethereum$7,474
Fees 7d$0
Ethereum$0
Fees 24h$0
Ethereum$0
Cumulative Fees$133,791
Ethereum$133,791
Revenue 30d$6.23
Revenue 30d by chain
Ethereum$6.23
Revenue 7d$0
Ethereum$0
Revenue 24h$0
Ethereum$0
Cumulative Revenue$32,407
Ethereum$32,407
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Market Cap$6.25m
$BADGER Price$0.32
Fully Diluted Valuation$6.73m
$BADGER Volume 24h$722.64
CEX Volume$177.08
DEX Volume$190.40(26.35% of total)
Treasury$1.98m
Majors$303,861
Stablecoins$210,080
Own Tokens$453,089
Others$1.02m
Total Raised$21m
Mar 3, 2021$21mRound: Treasury DiversificationInvestors: 0xb1, Polychain Capital, ParaFi Capital, Blockchain Capital
Annual Operational Expenses$4.17m
Headcount15
Consulting$546,852
Contractors$3.24m
Expenses$112,116
Gas$227,580
Grants$10,954
Hosting$11,210
Marketing$25,068
Sourceshttps://lookerstudio.google.com/u/0/reporting/24f03640-4369-4687-a92f-979fe946bb8b/page/UPVxC
NotesUsing data from Feb 2023
Last UpdateApr 29, 2023
Protocol Information
BadgerDAO is a decentralized collective of builders supporting community driven growth for Bitcoin across DeFi.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total yield generated by Badger DAO vault strategies (gross, before performance fees) and eBTC redemption/liquidation fees.View code on GitHubRevenue: Performance fees on vault yield (governance + strategist share) and eBTC protocol fees.View code on GitHubHolders Revenue: View code on GitHubTreasury: Value of tokens owned by the protocolHacks
Date: Jan 25, 2021
Amount: $103,842
Classification: Protocol Logic
Technique: Swap Logic Flaw
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Dec 2, 2021
Amount: $120m
Classification: Frontend & Infrastructure
Technique: CDN Compromise
Chains: Ethereum
Target Type: DeFi Protocol
Competitors
Badger DAO history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 12, 2020 to Oct 20, 2026.
All-time high TVL: $2.321b on Feb 20, 2021. All-time low TVL: $2.76m on Feb 6, 2026.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $13.23m |
| Sep 22, 2026 | $14.05m |
| Sep 23, 2026 | $13.95m |
| Sep 24, 2026 | $13.61m |
| Sep 25, 2026 | $13.63m |
| Sep 26, 2026 | $13.58m |
| Sep 27, 2026 | $13.54m |
| Sep 28, 2026 | $13.62m |
| Sep 29, 2026 | $13.47m |
| Sep 30, 2026 | $13.49m |
| Oct 1, 2026 | $13.5m |
| Oct 2, 2026 | $13.66m |
| Oct 3, 2026 | $13.58m |
| Oct 4, 2026 | $13.66m |
| Oct 5, 2026 | $13.86m |
| Oct 6, 2026 | $13.79m |
| Oct 7, 2026 | $13.75m |
| Oct 8, 2026 | $13.33m |
| Oct 9, 2026 | $12.99m |
| Oct 10, 2026 | $13.1m |
| Oct 11, 2026 | $13.19m |
| Oct 12, 2026 | $13.31m |
| Oct 13, 2026 | $12.99m |
| Oct 14, 2026 | $13.19m |
| Oct 15, 2026 | $12.89m |
| Oct 16, 2026 | $12.99m |
| Oct 17, 2026 | $12.86m |
| Oct 18, 2026 | $12.83m |
| Oct 19, 2026 | $12.91m |
| Oct 20, 2026 | $12.87m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $39.5m |
| Dec 31, 2024 | $34.51m |
| Jan 31, 2025 | $33.69m |
| Feb 28, 2025 | $26.21m |
| Mar 31, 2025 | $22m |
| Apr 30, 2025 | $23.59m |
| May 31, 2025 | $28.45m |
| Jun 30, 2025 | $28.8m |
| Jul 31, 2025 | $35.5m |
| Aug 31, 2025 | $35.94m |
| Sep 30, 2025 | $35.73m |
| Oct 31, 2025 | $33.31m |
| Nov 30, 2025 | $26.13m |
| Dec 31, 2025 | $25.51m |
| Jan 31, 2026 | $10.93m |
| Feb 28, 2026 | $8.24m |
| Mar 31, 2026 | $8.07m |
| Apr 30, 2026 | $9.72m |
| May 31, 2026 | $9.22m |
| Jun 30, 2026 | $7.46m |
| Jul 31, 2026 | $10.53m |
| Aug 31, 2026 | $12.73m |
| Sep 30, 2026 | $13.49m |
| Oct 20, 2026 (latest) | $12.87m |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $492.51m |
| Dec 31, 2021 | $1.003b |
| Dec 31, 2022 | $30.66m |
| Dec 31, 2023 | $25.47m |
| Dec 31, 2024 | $34.51m |
| Dec 31, 2025 | $25.51m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2025 | $408 | $408 | $0 |
| Mar 2025 | $22,048 | $5,782 | $0 |
| Apr 2025 | $15,181 | $3,989 | $0 |
| May 2025 | $5,977 | $5,977 | $0 |
| Jun 2025 | $5,879 | $5,879 | $0 |
| Jul 2025 | $4,493 | $4,493 | $0 |
| Aug 2025 | $33,438 | $2,665 | $0 |
| Sep 2025 | $2,855 | $2,855 | $0 |
| Oct 2025 | $135 | $135 | $0 |
| Nov 2025 | $11,356 | $31 | $0 |
| Dec 2025 | $5,823 | $66 | $0 |
| Jan 2026 | $5,528 | $0 | $0 |
| Feb 2026 | $7,317 | $0 | $0 |
| Mar 2026 | $94 | $94 | $0 |
| Apr 2026 | $4,033 | $0 | $0 |
| May 2026 | $0 | $0 | $0 |
| Jun 2026 | $1,725 | $0 | $0 |
| Jul 2026 | $0 | $0 | $0 |
| Aug 2026 | $27 | $27 | $0 |
| Sep 2026 | $2,835 | $4.38 | $0 |
| Oct 2026 (to date) | $4,639 | $1.85 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/badger-dao
Frequently asked questions
What is Badger DAO's TVL?
As of Oct 20, 2026, Badger DAO has $12.99m in total value locked. TVL has decreased 1.6% over the past 30 days.
What chains does Badger DAO operate on?
Badger DAO operates on 5 chains: Ethereum, Arbitrum, Polygon, BSC, and Fantom. Ethereum holds the largest share at 99.1%.
How much has Badger DAO generated in fees and revenue?
Over the past 30 days, Badger DAO generated $7,474 in fees. Of that, $6.23 was protocol revenue. Based on the trailing year, the annualized rate is $43,377 in fees and $224.23 in revenue.
What is the BADGER token price and valuation?
BADGER is currently trading at $0.32. Its circulating market capitalization is $6.26m, ranking it #1,830. Its fully diluted valuation is $6.74m. Supply currently stands at 19.51m circulating, 21m total supply, 21m maximum supply.
How has BADGER performed recently?
BADGER is down 0.3% over the past 7 days and down 12.9% over the past 30 days. Its all-time high is $89.08, reached on Feb 8, 2021. The token is currently 99.6% below that level.
How does Badger DAO's TVL compare to similar protocols?
Among Yield Aggregator protocols tracked by DefiLlama, Badger DAO ranks #17 by TVL. The category holds $1.275b across 190 protocols, and Badger DAO accounts for 1% of that total. Similar protocols include Beefy, vfat.io, Superform, Yearn Finance, Teahouse Managed, BIM Yield, Clovis, Mushrooms Finance, Magik Farm, and CIAN Yield Layer.
Does Badger DAO have a treasury?
Badger DAO has a tracked treasury currently valued at $1.98m. Its holdings include $210,080 in stablecoins, $303,861 in major assets, $453,089 in its own tokens, $1.02m in other assets.
Has Badger DAO ever been exploited?
Badger DAO has 2 recorded security incidents. The most recent incident occurred on Dec 2, 2021 and involved $120m. It was classified as Frontend & Infrastructure.