Logo of Moonwell Lending

Moonwell Lending(WELL)

Total Value Locked$11.4m

TVL by Chain

Base$10.01m

Ethereum$700,216

OP Mainnet$693,631

Moonbeam$0

Key Metrics

Fees 30d$136,763
Fees 30d by chain

Base$130,312

Ethereum$3,264

OP Mainnet$3,187

Fees 7d$36,271

Base$35,320

Ethereum$799

OP Mainnet$152.11

Fees 24h$3,751

Base$3,726

OP Mainnet$25

Ethereum$0

Cumulative Fees$24.04m

Base$21.09m

OP Mainnet$2.19m

Moonbeam$667,276

Moonriver$75,279

Ethereum$15,393

Revenue 30d$25,299
Revenue 30d by chain

Base$24,277

OP Mainnet$555.65

Ethereum$464.14

Revenue 7d$7,609

Base$7,472

Ethereum$106.95

OP Mainnet$29.81

Revenue 24h$524

Base$520

OP Mainnet$3.80

Ethereum$0

Cumulative Revenue$5.14m

Base$4.52m

OP Mainnet$349,735

Moonbeam$250,140

Moonriver$25,596

Ethereum$2,056

Holders Revenue 30d$0
Holders Revenue 30d by chain

Base$0

Ethereum$0

OP Mainnet$0

Holders Revenue 7d$0

Base$0

Ethereum$0

OP Mainnet$0

Holders Revenue 24h$0

Base$0

Ethereum$0

OP Mainnet$0

Cumulative Holders Revenue$10,226

Base$9,610

Moonbeam$547

Moonriver$69

Ethereum$0

OP Mainnet$0

Collateral Liquidated 30d$138,662
Collateral Liquidated 30d by chain

Base$129,212

OP Mainnet$7,692

Ethereum$1,758

Collateral Liquidated 7d$115,127

Base$114,844

OP Mainnet$277.53

Ethereum$5.08

Collateral Liquidated 24h$144

Base$144

Ethereum$0

OP Mainnet$0

Cumulative Collateral Liquidated$138,806

Base$129,356

OP Mainnet$7,692

Ethereum$1,758

Staked$1.64m

Active Loans$15.71m

Total Raised$10m

Mar 18, 2022$10mRound: Private token saleInvestors: Arrington XRP Capital, Hypersphere Ventures, Haun Ventures, Lemniscap, C Squared, Mirana Ventures, nfr, Woodstock, Robot Ventures, Signum Capital, Charterhouse Strategic Partners, KeyChain Capital, FMFW

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Protocol Information

Moonwell is an open lending and borrowing DeFi protocol on Base, Optimism, Moonbeam & Moonriver.

Category:Lending

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total interest paid by borrowersView code on GitHubRevenue: Protocol's share of interest treasuryView code on GitHubHolders Revenue: No revenue for WELL holders.View code on GitHubCollateral Liquidated: Total USD value of collateral seized in Moonwell LiquidateBorrow events, converted from mToken units to underlying via exchangeRateStored.View code on GitHub

Yields

Pools Tracked31

Average Supply APY0.57%

User Activity

Active Addresses (24h)166

Transactions (24h)313

Hacks

Date: Nov 4, 2025

Amount: $1m

Classification: Oracle Manipulation

Technique: Spot Price Manipulation

Chains: Base, Optimism

Language: Solidity

Target Type: DeFi Protocol

Date: Feb 15, 2026

Amount: $1.78m

Classification: Oracle Manipulation

Technique: Oracle Misconfiguration

Chains: Base

Language: Solidity

Target Type: DeFi Protocol

Date: Aug 27, 2026

Amount: $8.7m

Classification: Oracle Manipulation

Technique: Spot Price Manipulation

Chains: Base

Language: Solidity

Target Type: DeFi Protocol

Competitors

Moonwell Lending history

TVL is the default DefiLlama definition, which excludes Active Loans and Staking. Daily values are UTC snapshots from Jun 22, 2022 to Oct 20, 2026.

All-time high TVL: $236.32m on Dec 17, 2024. All-time low TVL: $43 on Jun 22, 2022.

Daily TVL, Sep 21, 2026 to Oct 20, 2026

DateTVL
Sep 21, 2026$15.68m
Sep 22, 2026$16.58m
Sep 23, 2026$14.21m
Sep 24, 2026$13.9m
Sep 25, 2026$14.2m
Sep 26, 2026$14m
Sep 27, 2026$14.33m
Sep 28, 2026$14.2m
Sep 29, 2026$13.56m
Sep 30, 2026$13.3m
Oct 1, 2026$13.4m
Oct 2, 2026$13.35m
Oct 3, 2026$13.31m
Oct 4, 2026$13.49m
Oct 5, 2026$13.78m
Oct 6, 2026$13.54m
Oct 7, 2026$13.35m
Oct 8, 2026$12.85m
Oct 9, 2026$12.64m
Oct 10, 2026$12.63m
Oct 11, 2026$13.12m
Oct 12, 2026$12.68m
Oct 13, 2026$12.11m
Oct 14, 2026$12.39m
Oct 15, 2026$12.07m
Oct 16, 2026$12.31m
Oct 17, 2026$11.99m
Oct 18, 2026$11.8m
Oct 19, 2026$11.67m
Oct 20, 2026$11.19m

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$194.13m
Dec 31, 2024$180.48m
Jan 31, 2025$176.17m
Feb 28, 2025$125.62m
Mar 31, 2025$109.4m
Apr 30, 2025$132.26m
May 31, 2025$160.16m
Jun 30, 2025$167.16m
Jul 31, 2025$200.95m
Aug 31, 2025$198.69m
Sep 30, 2025$181.66m
Oct 31, 2025$160.03m
Nov 30, 2025$97.98m
Dec 31, 2025$82.86m
Jan 31, 2026$79.67m
Feb 28, 2026$49.1m
Mar 31, 2026$46.14m
Apr 30, 2026$46.93m
May 31, 2026$48m
Jun 30, 2026$47.47m
Jul 31, 2026$46.37m
Aug 31, 2026$25.98m
Sep 30, 2026$13.3m
Oct 20, 2026 (latest)$11.19m

TVL at each year end, Dec 31, 2022 to Dec 31, 2025

DateTVL
Dec 31, 2022$29.59m
Dec 31, 2023$51m
Dec 31, 2024$180.48m
Dec 31, 2025$82.86m

Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026

MonthFeesRevenueHolders revenue
Nov 2024$1.4m$241,221$0
Dec 2024$2.06m$377,006$0
Jan 2025$1.73m$331,156$0
Feb 2025$1.7m$418,846$0
Mar 2025$670,330$136,928$0
Apr 2025$744,170$166,006$0
May 2025$737,849$124,028$0
Jun 2025$795,158$132,761$0
Jul 2025$821,717$121,863$0
Aug 2025$1.34m$266,511$0
Sep 2025$953,291$169,221$0
Oct 2025$2.16m$557,294$0
Nov 2025$836,971$180,067$0
Dec 2025$312,284$60,901$0
Jan 2026$412,097$99,793$0
Feb 2026$1.29m$356,428$0
Mar 2026$219,214$55,774$0
Apr 2026$196,096$50,486$0
May 2026$130,921$29,047$0
Jun 2026$201,182$44,796$0
Jul 2026$145,894$23,361$0
Aug 2026$375,422$64,885$0
Sep 2026$272,726$38,512$0
Oct 2026 (to date)$88,852$16,422$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/moonwell-lending

Frequently asked questions

What is Moonwell Lending's TVL?

As of Oct 20, 2026, Moonwell Lending has $11.4m in total value locked. TVL has decreased 26.7% over the past 30 days.

What chains does Moonwell Lending operate on?

Moonwell Lending operates on 5 chains: Base, Ethereum, OP Mainnet, Moonbeam, and Moonriver. Base holds the largest share at 87.8%.

How much has Moonwell Lending generated in fees and revenue?

Over the past 30 days, Moonwell Lending generated $136,763 in fees. Of that, $25,299 was protocol revenue. Based on the trailing year, the annualized rate is $4.72m in fees and $1.06m in revenue.

How does Moonwell Lending's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Moonwell Lending ranks #56 by TVL. The category holds $51.792b across 515 protocols, and Moonwell Lending accounts for <0.1% of that total. Similar protocols include WePiggy, Impermax V2, Prime Protocol, Aave V3, Morpho Blue, Compound V3, Venus Core Pool, Exactly, Unitus, and OmniBTC.

How much has been borrowed through Moonwell Lending?

As of Oct 20, 2026, Moonwell Lending has $15.71m in active loans.

Has Moonwell Lending ever been exploited?

Moonwell Lending has 3 recorded security incidents. The most recent incident occurred on Aug 27, 2026 and involved $8.7m. It was classified as Oracle Manipulation.