Total Value Locked$68.29m
TVL by Chain
Ethereum$46.17m
Monad$11.85m
Polygon$4.14m
Arbitrum$2.1m
Base$1.36m
Hyperliquid L1$1.12m
Avalanche$709,307
Gnosis$383,152
OP Mainnet$376,418
Plasma$43,387
Mode$17,417
Fraxtal$10,383
Polygon zkEVM$0
Key Metrics
Fees (Annualized)$10.93m
Fees 30d$178,883
Ethereum$93,494
Polygon$39,798
Monad$18,447
Base$12,475.68
Arbitrum$8,325.98
Hyperliquid L1$3,219.86
Avalanche$966.33
Gnosis$912.19
Plasma$639.49
OP Mainnet$602.33
Fraxtal$1.98
Mode$1.78
Fees 7d$43,107
Ethereum$27,306
Monad$6,501
Polygon$5,364
Arbitrum$2,169.06
Base$857.11
Avalanche$361.01
Gnosis$351.68
OP Mainnet$175.8
Hyperliquid L1$13.93
Plasma$6.03
Mode$0.74
Fraxtal$0.59
Fees 24h$10,038
Ethereum$7,472
Monad$1,296
Polygon$814
Arbitrum$244
Base$109
Gnosis$38.04
OP Mainnet$31.59
Avalanche$30
Hyperliquid L1$1.92
Plasma$1.15
Mode$0.42
Fraxtal$0.12
Cumulative Fees$301.35m
Ethereum$278.9m
Polygon$7.02m
Arbitrum$4.99m
Base$4.31m
Gnosis$2.75m
Plasma$1.36m
Avalanche$923,391.87
OP Mainnet$857,784.98
Monad$160,740.74
Hyperliquid L1$60,564.36
Mode$22,671.92
Fraxtal$5,206.28
Polygon zkEVM$7
Revenue (Annualized)$3.8m
Revenue 30d$65,856
Ethereum$34,298
Polygon$19,899
Base$4,984.57
Arbitrum$2,572.87
Monad$2,439
Hyperliquid L1$804.13
Gnosis$432.92
Avalanche$238.43
OP Mainnet$103.86
Plasma$78.47
Fraxtal$0.97
Mode$0.93
Revenue 7d$15,073
Ethereum$10,215
Polygon$2,681
Monad$1,014
Arbitrum$680.53
Base$185.1
Gnosis$165.89
Avalanche$94.33
OP Mainnet$32.77
Hyperliquid L1$3.33
Plasma$0.87
Mode$0.37
Fraxtal$0.3
Revenue 24h$3,829
Ethereum$3,055
Polygon$407
Monad$228
Arbitrum$78
Base$23.81
Gnosis$18.58
Avalanche$9.77
OP Mainnet$7.29
Hyperliquid L1$0.46
Mode$0.21
Plasma$0.16
Fraxtal$0.06
Cumulative Revenue$64.46m
Ethereum$54.55m
Polygon$3.5m
Arbitrum$2.16m
Base$1.79m
Gnosis$1.28m
Plasma$459,746.69
OP Mainnet$390,442.14
Avalanche$289,100.03
Monad$19,503.49
Hyperliquid L1$16,679.36
Mode$11,339.16
Fraxtal$2,603.69
Polygon zkEVM$277
Holders Revenue (Annualized)$2.45m
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$39.88m
Ethereum$33.53m
Polygon$2.1m
Arbitrum$1.34m
Base$1.27m
Gnosis$800,033.65
Plasma$378,884.6
OP Mainnet$243,489.8
Avalanche$198,279.62
Hyperliquid L1$11,489.71
Mode$6,967.25
Monad$3,535.31
Fraxtal$1,602.01
Incentives 1y$1.79m
$155.9
$8.06
$0
$416.5m
Earnings (Annualized)$2.01m
$65,700.1
$15,064.94
$3,829
-$352.04m
DEX Volume 30d$229.28m
DEX Volume 30d by chain
Monad$88.24m
Polygon$61.32m
Ethereum$58.1m
Base$10.21m
Arbitrum$7m
Gnosis$1.21m
Avalanche$1.21m
Hyperliquid L1$865,413
Plasma$638,311.17
OP Mainnet$476,965
Fraxtal$3,805.19
Mode$737.41
DEX Volume 7d$43.9m
Monad$23.23m
Ethereum$12.84m
Polygon$3.44m
Arbitrum$1.86m
Avalanche$840,133
Gnosis$720,498
Base$592,412
OP Mainnet$191,162
Hyperliquid L1$182,034
Plasma$7,075
Fraxtal$1,130
Mode$299.45
DEX Volume 24h$8.47m
Monad$4.34m
Ethereum$2.84m
Polygon$543,951
Arbitrum$360,700
Base$133,834
Avalanche$121,416
Gnosis$59,015
OP Mainnet$44,488
Hyperliquid L1$24,572
Plasma$1,498
Fraxtal$231
Mode$148
Cumulative DEX Volume$133.114b
Ethereum$109.846b
Polygon$8.254b
Arbitrum$7.549b
Gnosis$2.988b
Base$2.356b
Plasma$924.65m
Avalanche$645.96m
Monad$417.09m
Hyperliquid L1$35.12m
OP Mainnet$31.44m
Fraxtal$28.78m
Polygon zkEVM$26.03m
Mode$11.2m
Market Cap$8.25m
$BAL Price$0.12
$8.55m
$8.55m
$BAL Volume 24h$324,009
CEX Volume$265,305.19
DEX Volume$49,576.46(15.3% 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.
- Balancer V2Dexs
- Balancer V3Dexs
- Balancer V1Dexs
- Balancer CoW AMMDexs
Yields
Pools Tracked243
Average Supply APY8.12%
User Activity
Active Addresses (24h)36
New Addresses (24h)6
Transactions (24h)136
Gas Used (24h)11 ETH
Gas Cost (24h)$8.59
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
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: Oracle Manipulation
Technique: Spot Price Manipulation
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Sep 19, 2023
Protocol: Balancer V2
Amount: $238,000
Classification: Frontend & Infrastructure
Technique: Frontend Compromise
Chains: Ethereum
Target Type: DeFi Protocol
Date: Nov 3, 2025
Protocol: Balancer V2
Amount: $128m
Classification: Token & Share Accounting
Technique: Rounding Error
Chains: Ethereum, Arbitrum, Base, Polygon, Sonic, Optimism
Language: Solidity
Target Type: DeFi Protocol
Competitors
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 $68.29m in total value locked. TVL has increased 9% 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 67.6%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $178,883 in fees. Of that, $65,856 was protocol revenue. Based on the trailing year, the annualized rate is $10.93m in fees and $3.8m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.25m, ranking it #1,562. Its fully diluted valuation is $8.55m. Supply currently stands at 69.79m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is up 11.3% over the past 7 days and down 1.4% 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 #21 by TVL. The category holds $17.118b across 1,909 protocols, and Balancer accounts for 0.4% of that total. Other leading protocols include Curve DEX, Uniswap V3, WOOFi Swap, SushiSwap V3, SushiSwap, Wombat Exchange, Gyroscope Protocol, Archly V2, Uniswap V4, and Uniswap V2.
How much trading volume does Balancer process?
Balancer processed $229.28m 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 Token & Share Accounting.
