Ask about Balancer
Logo of BalancerBalancer(BAL)
Total Value Locked$60.68m

TVL by Chain

Ethereum$39.67m

Monad$10.52m

Polygon$3.75m

Arbitrum$2.15m

Base$1.36m

Hyperliquid L1$1.18m

Avalanche$826,180

Plasma$567,752

Gnosis$350,399

OP Mainnet$291,750

Mode$14,227

Fraxtal$11,868

Polygon zkEVM$0

Key Metrics

Fees (Annualized)$11.47m
Fees 30d$233,916

Ethereum$110,472

Polygon$63,220

Monad$23,407

Base$20,737

Arbitrum$10,384

Avalanche$2,383

Plasma$1,230

Gnosis$940

OP Mainnet$632

Hyperliquid L1$509

Fraxtal$0

Mode$0

Fees 7d$70,670

Ethereum$42,046

Polygon$16,083

Base$5,319

Monad$3,969

Arbitrum$2,291

Avalanche$437

Plasma$277

OP Mainnet$119

Gnosis$95

Hyperliquid L1$32

Fraxtal$0

Mode$0

Fees 24h$7,339

Ethereum$3,002

Polygon$2,229

Base$824

Arbitrum$682

Monad$476

Avalanche$58

Plasma$42

OP Mainnet$15

Gnosis$7

Hyperliquid L1$5

Fraxtal$0

Mode$0

Cumulative Fees$298.28m

Ethereum$278.19m

Polygon$6.97m

Arbitrum$4.47m

Base$3.24m

Gnosis$2.66m

Plasma$1.16m

OP Mainnet$784,265

Avalanche$590,006

Monad$148,721

Hyperliquid L1$35,587

Mode$23,900

Fraxtal$5,659

Polygon zkEVM$11

Revenue (Annualized)$4.37m
Revenue 30d$93,122

Ethereum$44,996

Polygon$31,607

Base$8,752

Arbitrum$3,276

Monad$3,240

Avalanche$440

Gnosis$440

Plasma$146

Hyperliquid L1$127

OP Mainnet$101

Fraxtal$0

Mode$0

Revenue 7d$30,081

Ethereum$18,472

Polygon$8,043

Base$2,267

Arbitrum$643

Monad$474

Avalanche$82

Gnosis$41

Plasma$32

OP Mainnet$16

Hyperliquid L1$8

Fraxtal$0

Mode$0

Revenue 24h$2,867

Ethereum$1,136

Polygon$1,115

Base$330

Arbitrum$207

Monad$56

Avalanche$12

Plasma$5

Gnosis$2

Hyperliquid L1$1

OP Mainnet$1

Fraxtal$0

Mode$0

Cumulative Revenue$63.78m

Ethereum$54.33m

Polygon$3.48m

Arbitrum$2.13m

Base$1.46m

Gnosis$1.26m

Plasma$450,843

OP Mainnet$380,422

Avalanche$239,986

Monad$17,513

Hyperliquid L1$13,661

Mode$11,950

Fraxtal$2,835

Polygon zkEVM$279

Holders Revenue (Annualized)$1.72m
Holders Revenue 30d$0

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Hyperliquid L1$0

Mode$0

Monad$0

OP Mainnet$0

Plasma$0

Polygon$0

Holders Revenue 7d$0

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Hyperliquid L1$0

Mode$0

Monad$0

OP Mainnet$0

Plasma$0

Polygon$0

Holders Revenue 24h$0

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Hyperliquid L1$0

Mode$0

Monad$0

OP Mainnet$0

Plasma$0

Polygon$0

Cumulative Holders Revenue$38.18m

Ethereum$33.14m

Polygon$2.1m

Arbitrum$1.23m

Gnosis$751,276

Base$571,393

OP Mainnet$230,515

Avalanche$111,776

Plasma$29,821

Mode$7,343

Monad$3,496

Hyperliquid L1$2,765

Fraxtal$1,671

Polygon zkEVM$0

Incentives 1y$2.26m

$45.46

$7.33

$0.45

$416.5m

Earnings (Annualized)$2.11m

$93,076.54

$30,073.67

$2,866.55

-$352.72m

DEX Volume 30d$308.92m
DEX Volume 30d by chain

Polygon$96.24m

Monad$91.8m

Ethereum$89.1m

Base$20.94m

Arbitrum$7.48m

Gnosis$819,965

Plasma$806,273

Avalanche$721,080

Hyperliquid L1$636,373

OP Mainnet$356,620

Fraxtal$4,745

Mode$239

DEX Volume 7d$73.72m

Polygon$29.4m

Monad$19.18m

Ethereum$17.26m

Base$5.51m

Arbitrum$1.65m

Hyperliquid L1$253,975

Avalanche$150,488

Gnosis$144,130

Plasma$103,086

OP Mainnet$77,602

Fraxtal$1,006

Mode$86

DEX Volume 24h$11.3m

Polygon$3.82m

Monad$3.5m

Ethereum$2.86m

Base$679,784

Arbitrum$266,401

Hyperliquid L1$68,507

Plasma$58,649

Gnosis$19,529

Avalanche$19,187

OP Mainnet$5,983

Fraxtal$116

Mode$5

Cumulative DEX Volume$132.907b

Ethereum$109.794b

Polygon$8.201b

Arbitrum$7.542b

Gnosis$2.987b

Base$2.348b

Plasma$924.13m

Avalanche$644.79m

Monad$335.69m

Hyperliquid L1$34.39m

OP Mainnet$30.97m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$7.23m

$BAL Price$0.11

All Time High$74.45

All Time Low$0.086

View $BAL token page

$8.1m

$8.1m

$BAL Volume 24h$767,769

CEX Volume$617,149.43

DEX Volume$141,472.07(18.43% of total)

$BAL Liquidity$39.18m

Balancer V2$37.54m

Balancer V2$923,215

Balancer V2$588,587

Balancer V2$84,867

Balancer V2$36,871

Uniswap V3$13,750

Treasury$13.16m

$2.7m

Stablecoins$6.74m

Own Tokens$429,763.13

Others$3.29m

Total Raised$39.25m

Mar 24, 2020$3mRound: SeedInvestors: Accomplice, Placeholder, CoinFund, Inflection

Nov 9, 2020$7mRound: Series AInvestors: Pantera Capital, Alameda Research, Accomplice

Feb 10, 2021$5mRound: Investors: DeFiance Capital, 3AC

May 27, 2021$24.25mRound: Investors: Blockchain Capital, FinTech Collective, Longhash Ventures, Fenbushi Capital, Continue Capital, Kain Warwick

Protocol Information

Balancer is a decentralized automated market maker (AMM) protocol built on Ethereum that represents a flexible building block for programmable liquidity.

Category:Dexs

WebsiteGitHubTwitterSafe Harbor Agreement

Yields

Pools Tracked232

Average Supply APY7.07%

User Activity

Active Addresses (24h)28

New Addresses (24h)3

Transactions (24h)173

Gas Used (24h)$11

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Balancer V1 - All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V2 - All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V3 - Fees earned from all the trades and yields.View code on GitHub

Revenue:

Balancer V1 - Protocol revenue from all fees collectedView code on GitHubBalancer V2 - Balancer V2 protocol collects 50% swap fees as revenue.View code on GitHubBalancer V3 - Revenue earned by the protocol and holders, which is 25% ( 50 % before 2026-04-23 ) of the trade fees and 10% of the yield capture.View code on GitHub

Holders Revenue:

Balancer V1 - Money going to governance token holdersView code on GitHubBalancer V2 - Share of revenue to veBAL holders (None after 2026-04-23)View code on GitHubBalancer V3 - Portion of protocol revenue distributed to token holders (e.g., veBAL/BAL) (82.5 % of revenue before 2026-04-23, 0 % of revenue after )View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Hacks

Date: Aug 27, 2023

Protocol: Balancer V2

Amount: $800,000

Classification: Protocol Logic

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Date: Sep 19, 2023

Protocol: Balancer V2

Amount: $238,000

Classification: Protocol Logic

Technique: Frontend Attack

Chains: Ethereum

Target Type: DeFi Protocol

Date: Nov 3, 2025

Protocol: Balancer V2

Amount: $128m

Classification: Protocol Logic

Technique: Composable Stable Pools Exploit

Chains: Ethereum, Arbitrum, Base, Polygon, Sonic, Optimism

Language: Solidity

Target Type: DeFi Protocol

Competitors

Curve DEX ($1.273b)Uniswap V3 ($1.48b)Balancer V2 ($27.6m)Balancer V3 ($26.52m)WOOFi Swap ($1.99m)PancakeSwap AMM ($1.696b)Uniswap V4 ($845.61m)Uniswap V2 ($819.89m)PancakeSwap AMM V3 ($284.68m)Fluid DEX ($282.22m)

Frequently Asked Questions

What is Balancer?

Balancer is a decentralized automated market maker (AMM) protocol built on Ethereum that represents a flexible building block for programmable liquidity.

What is Balancer's TVL?

Balancer currently has $60.68m in total value locked. TVL has decreased 5.6% over the past 30 days.

What chains does Balancer operate on?

Balancer operates on 13 chains: Ethereum, Polygon, Arbitrum, Base, and Gnosis and 8 others. Ethereum holds the largest share at 65.4%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $233,916 in fees. Of that, $93,122 was protocol revenue. Based on the trailing year, the annualized rate is $11.47m in fees and $4.37m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.11. Its circulating market capitalization is $7.23m, ranking it #1,643. Its fully diluted valuation is $8.1m. Supply currently stands at 64.58m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is up 8.1% over the past 7 days and up 21.5% over the past 30 days. Its all-time high is $74.45, reached on May 4, 2021. The token is currently 99.8% below that level.

How does Balancer's TVL compare to similar protocols?

Among Dexs protocols tracked by DefiLlama, Balancer ranks #17 by TVL. The category holds $11.292b across 1,575 protocols, and Balancer accounts for 0.5% of that total. Other leading protocols include Uniswap, PancakeSwap, and Curve Finance.

How much trading volume does Balancer process?

Balancer processed $308.92m in DEX volume over the past 30 days.

Does Balancer have a treasury?

Balancer has a tracked treasury currently valued at $13.16m. Its holdings include $6.74m in stablecoins, $2.7m in major assets, $429,763.13 in its own tokens, $3.29m in other assets.

Has Balancer ever been exploited?

Balancer has 3 recorded security incidents. The most recent incident occurred on Nov 3, 2025 and involved $128m. It was classified as Protocol Logic.