Key Metrics
Total Raised$10m
Apr 29, 2021$10mRound: Series AInvestors: Pantera Capital, ParaFi Capital, 1Confirmation, The Spartan Group, Nascent, Nima Capital
Protocol Information
Fixed rate lending on Ethereum
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubHacks
Date: Sep 4, 2026
Amount: $1.73m
Classification: Token & Share Accounting
Technique: Arithmetic Error
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Notional V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 21, 2021 to Aug 22, 2024.
All-time high TVL: $976.16m on Nov 22, 2021. All-time low TVL: $1.88m on Apr 24, 2023.
Daily TVL, Jul 24, 2024 to Aug 22, 2024
| Date | TVL |
|---|---|
| Jul 24, 2024 | $3.73m |
| Jul 25, 2024 | $3.71m |
| Jul 26, 2024 | $3.71m |
| Jul 27, 2024 | $3.72m |
| Jul 28, 2024 | $3.74m |
| Jul 29, 2024 | $3.73m |
| Jul 30, 2024 | $3.71m |
| Jul 31, 2024 | $3.43m |
| Aug 1, 2024 | $3.39m |
| Aug 2, 2024 | $3.36m |
| Aug 3, 2024 | $3.27m |
| Aug 4, 2024 | $3.22m |
| Aug 5, 2024 | $3.15m |
| Aug 6, 2024 | $2.88m |
| Aug 7, 2024 | $2.94m |
| Aug 8, 2024 | $2.91m |
| Aug 9, 2024 | $3.08m |
| Aug 10, 2024 | $3.08m |
| Aug 11, 2024 | $3.09m |
| Aug 12, 2024 | $3.01m |
| Aug 13, 2024 | $3.03m |
| Aug 14, 2024 | $3.08m |
| Aug 15, 2024 | $3.02m |
| Aug 16, 2024 | $2.98m |
| Aug 17, 2024 | $3.03m |
| Aug 18, 2024 | $3.03m |
| Aug 19, 2024 | $3.04m |
| Aug 20, 2024 | $3.03m |
| Aug 21, 2024 | $3.04m |
| Aug 22, 2024 | $3.1m |
TVL at each month end, Sep 2022 to Aug 2024
| Date | TVL |
|---|---|
| Sep 30, 2022 | $85.15m |
| Oct 31, 2022 | $90.48m |
| Nov 30, 2022 | $62.22m |
| Dec 31, 2022 | $52.11m |
| Jan 31, 2023 | $53.16m |
| Feb 28, 2023 | $44.31m |
| Mar 31, 2023 | $31.2m |
| Apr 30, 2023 | $1.88m |
| May 31, 2023 | $34.3m |
| Jun 30, 2023 | $32.05m |
| Jul 31, 2023 | $27.64m |
| Aug 31, 2023 | $26.68m |
| Sep 30, 2023 | $24.87m |
| Oct 31, 2023 | $25.42m |
| Nov 30, 2023 | $23.71m |
| Dec 31, 2023 | $20.36m |
| Jan 31, 2024 | $17.67m |
| Feb 29, 2024 | $20.54m |
| Mar 31, 2024 | $14.11m |
| Apr 30, 2024 | $8.48m |
| May 31, 2024 | $7.35m |
| Jun 30, 2024 | $4.03m |
| Jul 31, 2024 | $3.43m |
| Aug 22, 2024 (latest) | $3.1m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2023
| Date | TVL |
|---|---|
| Dec 31, 2021 | $530.05m |
| Dec 31, 2022 | $52.11m |
| Dec 31, 2023 | $20.36m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/notional-v2
Frequently asked questions
What is Notional V2's TVL?
As of Aug 22, 2024, Notional V2 has $3.1m in total value locked. TVL has decreased 18.3% over the past 30 days.
What chains does Notional V2 operate on?
Notional V2 operates on Ethereum.
Has Notional V2 ever been exploited?
Notional V2 has 1 recorded security incident. The most recent incident occurred on Sep 4, 2026 and involved $1.73m. It was classified as Token & Share Accounting.