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CypherDeprecated protocol

Key Metrics

Total Raised$2.1m

Nov 18, 2021$2.1mRound: SeedInvestors: a41 Ventures, AGE, Alphanonce, Blockwall Management, Darkpool Ventures, Gerstenbrot Capital, mgnr.io, ROK Capital, Serum, Sino Global Capital, SkyVision Capital

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Protocol Information

Building Disneyland for derivatives on Solana.

Category:Derivatives

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Hacks

Date: Aug 7, 2023

Amount: $1.04m

Classification: Oracle Manipulation

Technique: Spot Price Manipulation

Chains: Solana

Target Type: DeFi Protocol

Cypher history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 23, 2023 to Jun 11, 2025.

All-time high TVL: $1.57m on Aug 3, 2023. All-time low TVL: $19,724 on Mar 26, 2023.

Daily TVL, Dec 26, 2024 to Jun 11, 2025

DateTVL
Dec 26, 2024$0
Dec 27, 2024$0
Dec 28, 2024$0
Dec 29, 2024$0
Dec 30, 2024$0
Dec 31, 2024$0
Jan 1, 2025$0
Jan 2, 2025$0
Jan 3, 2025$0
Jan 4, 2025$0
Jan 5, 2025$0
Jan 6, 2025$0
Jan 7, 2025$0
Jan 8, 2025$0
Jan 9, 2025$0
Jan 10, 2025$0
Jan 11, 2025$0
Jan 12, 2025$0
Jan 13, 2025$0
Jan 14, 2025$0
Jan 15, 2025$0
Jan 16, 2025$0
Jan 17, 2025$0
Jan 18, 2025$0
Jan 19, 2025$0
Jan 20, 2025$0
Jan 21, 2025$0
Jun 6, 2025$0
Jun 8, 2025$0
Jun 11, 2025$0

TVL at each month end, Mar 2023 to Jun 2025

DateTVL
Mar 31, 2023$26,645
Apr 30, 2023$168,811
May 31, 2023$199,372
Jun 30, 2023$491,071
Jul 31, 2023$1.41m
Aug 31, 2023$508,694
Sep 30, 2023$0
Oct 31, 2023$0
Nov 30, 2023$0
Dec 31, 2023$0
Jan 31, 2024$0
Feb 29, 2024$0
Mar 31, 2024$0
Apr 30, 2024$0
May 31, 2024$0
Jun 30, 2024$0
Jul 31, 2024$0
Aug 31, 2024$0
Sep 30, 2024$0
Oct 31, 2024$0
Nov 30, 2024$0
Dec 31, 2024$0
Jan 21, 2025$0
Jun 11, 2025 (latest)$0

TVL at each year end, Dec 31, 2023 to Dec 31, 2024

DateTVL
Dec 31, 2023$0
Dec 31, 2024$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/cypher

Frequently asked questions

What is Cypher's TVL?

As of Jun 11, 2025, Cypher has $0 in total value locked.

What chains does Cypher operate on?

Cypher operates on Solana.

Has Cypher ever been exploited?

Cypher has 1 recorded security incident. The most recent incident occurred on Aug 7, 2023 and involved $1.04m. It was classified as Oracle Manipulation.