Ask about Pine Protocol · freeTotal Value Locked$21,703
TVL by Chain
Ethereum$21,594
Polygon$109.21
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Market Cap$271,717
$PINE Price$0.0014
Fully Diluted Valuation$271,717
$PINE Volume 24h$4.41
CEX Volume$32.54
DEX Volume$44.81(1,016.1% of total)
Active Loans$250,081
Total Raised$4.5m
May 19, 2022$1.5mRound: Seed
Dec 16, 2022$3mRound: PrivateInvestors: Amber Group, Sparkle Ventures, Shima Capital, The Lao, MapleBlock Capital, The Spartan Group
Protocol Information
Non-custodial decentralized asset-backed lending protocol that allows borrowers to borrow fungible digital tokens from lenders using non-fungible tokens as collateral.
Methodology
TVL: value of NFTs locked in pools as taken as tvl, tokens borrowed against it is counted towards borrowedView code on GitHubHacks
Date: Dec 22, 2023
Amount: $95,000
Classification: Protocol Logic
Technique: Swap Logic Flaw
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Pine Protocol history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jan 19, 2023 to Oct 20, 2026.
All-time high TVL: $1.19m on Apr 9, 2023. All-time low TVL: $12,494 on Jun 26, 2026.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $24,699 |
| Sep 22, 2026 | $25,626 |
| Sep 23, 2026 | $25,876 |
| Sep 24, 2026 | $24,921 |
| Sep 25, 2026 | $24,937 |
| Sep 26, 2026 | $24,923 |
| Sep 27, 2026 | $24,906 |
| Sep 28, 2026 | $24,597 |
| Sep 29, 2026 | $24,767 |
| Sep 30, 2026 | $24,758 |
| Oct 1, 2026 | $24,796 |
| Oct 2, 2026 | $24,877 |
| Oct 3, 2026 | $24,509 |
| Oct 4, 2026 | $24,773 |
| Oct 5, 2026 | $25,028 |
| Oct 6, 2026 | $24,963 |
| Oct 7, 2026 | $24,002 |
| Oct 8, 2026 | $23,649 |
| Oct 9, 2026 | $22,745 |
| Oct 10, 2026 | $22,910 |
| Oct 11, 2026 | $23,105 |
| Oct 12, 2026 | $23,523 |
| Oct 13, 2026 | $22,563 |
| Oct 14, 2026 | $22,934 |
| Oct 15, 2026 | $21,693 |
| Oct 16, 2026 | $22,133 |
| Oct 17, 2026 | $21,993 |
| Oct 18, 2026 | $22,005 |
| Oct 19, 2026 | $21,927 |
| Oct 20, 2026 | $21,813 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $104,651 |
| Dec 31, 2024 | $77,684 |
| Jan 31, 2025 | $54,790 |
| Feb 28, 2025 | $36,478 |
| Mar 31, 2025 | $28,419 |
| Apr 30, 2025 | $29,139 |
| May 31, 2025 | $33,682 |
| Jun 30, 2025 | $32,455 |
| Jul 31, 2025 | $49,259 |
| Aug 31, 2025 | $53,363 |
| Sep 30, 2025 | $49,347 |
| Oct 31, 2025 | $30,972 |
| Nov 30, 2025 | $24,227 |
| Dec 31, 2025 | $24,080 |
| Jan 31, 2026 | $21,857 |
| Feb 28, 2026 | $15,650 |
| Mar 31, 2026 | $16,814 |
| Apr 30, 2026 | $18,352 |
| May 31, 2026 | $16,425 |
| Jun 30, 2026 | $13,068 |
| Jul 31, 2026 | $18,536 |
| Aug 31, 2026 | $23,427 |
| Sep 30, 2026 | $24,758 |
| Oct 20, 2026 (latest) | $21,813 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $210,140 |
| Dec 31, 2024 | $77,684 |
| Dec 31, 2025 | $24,080 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pine-protocol
Frequently asked questions
What is Pine Protocol's TVL?
As of Oct 20, 2026, Pine Protocol has $21,703 in total value locked. TVL has decreased 11.8% over the past 30 days.
What chains does Pine Protocol operate on?
Pine Protocol operates on 2 chains: Ethereum and Polygon. Ethereum holds the largest share at 99.5%.
What is the PINE token price and valuation?
PINE is currently trading at $0.0014. Its circulating market capitalization is $271,717, ranking it #4,941. Its fully diluted valuation is $271,717. Supply currently stands at 199.58m circulating, 199.58m total supply, 200m maximum supply.
How has PINE performed recently?
PINE is down 3.4% over the past 7 days and down 25.8% over the past 30 days. Its all-time high is $0.74, reached on Feb 14, 2023. The token is currently 99.8% below that level.
How does Pine Protocol's TVL compare to similar protocols?
Among NFT Lending protocols tracked by DefiLlama, Pine Protocol ranks #9 by TVL. The category holds $7.65m across 32 protocols, and Pine Protocol accounts for 0.3% of that total. Similar protocols include Revest Finance, Gondi V3, Blur Lending, JPEG'd, BendDAO Lending V1, Arcade.xyz, Llamalend, OpenSky Finance, MMO Finance, and NFTfi.
How much has been borrowed through Pine Protocol?
As of Oct 20, 2026, Pine Protocol has $250,081 in active loans.
Has Pine Protocol ever been exploited?
Pine Protocol has 1 recorded security incident. The most recent incident occurred on Dec 22, 2023 and involved $95,000. It was classified as Protocol Logic.