Total Value Locked$4.1m
TVL by Chain
Ethereum$2.19m
Arbitrum$1.72m
BSC$125,837
Fantom$39,943
Avalanche$27,631
Kava$169.76
Blast$0
OP Mainnet$0
Key Metrics
Fees 30d$338.30
Fees 30d by chain
Ethereum$330.32
Arbitrum$6.69
Avalanche$1.25
OP Mainnet$0.03
BSC$0.02
Fantom$0
Kava$0
Fees 7d$2.06
Arbitrum$2.04
BSC$0.02
Avalanche$0
Ethereum$0
Fantom$0
Kava$0
OP Mainnet$0
Fees 24h$0
Arbitrum$0
Avalanche$0
BSC$0
Ethereum$0
Fantom$0
Kava$0
OP Mainnet$0
Cumulative Fees$77.76m
Ethereum$65.64m
Avalanche$6.15m
Arbitrum$3.61m
Fantom$2.28m
BSC$68,262
Kava$3,389
OP Mainnet$9.88
Revenue 30d$338.28
Revenue 30d by chain
Ethereum$330.32
Arbitrum$6.69
Avalanche$1.25
BSC$0.02
OP Mainnet$0.01
Fantom$0
Kava$0
Revenue 7d$2.06
Arbitrum$2.04
BSC$0.02
Avalanche$0
Ethereum$0
Fantom$0
Kava$0
OP Mainnet$0
Revenue 24h$0
Arbitrum$0
Avalanche$0
BSC$0
Ethereum$0
Fantom$0
Kava$0
OP Mainnet$0
Cumulative Revenue$39.05m
Ethereum$32.9m
Avalanche$3.08m
Arbitrum$1.89m
Fantom$1.14m
BSC$34,184
Kava$1,709
OP Mainnet$4.49
Holders Revenue 30d$168.44
Holders Revenue 30d by chain
Ethereum$164.46
Arbitrum$3.34
Avalanche$0.63
BSC$0.01
Fantom$0
Kava$0
OP Mainnet$0
Holders Revenue 7d$1.03
Arbitrum$1.02
BSC$0.01
Avalanche$0
Ethereum$0
Fantom$0
Kava$0
OP Mainnet$0
Holders Revenue 24h$0
Arbitrum$0
Avalanche$0
BSC$0
Ethereum$0
Fantom$0
Kava$0
OP Mainnet$0
Cumulative Holders Revenue$167,100
Ethereum$85,398
Arbitrum$81,567
BSC$63.16
Avalanche$54.46
Kava$18.23
OP Mainnet$1.30
Fantom$0
Protocol Information
Abracadabra.money is a spell book that allows users to produce magic internet money ($MIM) which is a stable coin that you can swap for any other traditional stable coin.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees paid by MIM borrowers in Abracadabra Cauldrons: interest on outstanding debt, a one-time borrow/opening fee, and liquidation penalties. Tracked from on-chain cauldron events (LogAccrue, LogBorrow, LogRemoveCollateral + LogRepay pairs for liquidations).View code on GitHubRevenue: Protocol's share of Cauldron fees: all interest and borrow/opening fees (MIM is minted, there are no lenders) plus 10% of liquidation penalties.View code on GitHubHolders Revenue: 50% of protocol revenue used for SPELL buybacks and mSPELL staker rewards (AIP #10).View code on GitHubYields
Pools Tracked1
Average Supply APY16.04%
Hacks
Date: Jan 30, 2024
Amount: $6.5m
Classification: Token & Share Accounting
Technique: Rounding Error
Abracadabra's MIM stablecoin exploited for $6.5M via precision loss in collateral calculations. An attacker used rounding errors to bypass collateral validation, inflating borrow amounts. Funded with 1 ETH from Tornado Cash, the attack caused MIM to depeg to $0.76.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Mar 25, 2025
Amount: $13m
Classification: Protocol Logic
Technique: Liquidation Logic Flaw
Abracadabra.Money suffered a $13M exploit on March 25, 2025 via a flash loan attack on cauldrons accepting GMX V2 LP tokens as collateral. The attacker manipulated liquidation logic to self-liquidate and extract liquidation incentives.
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Date: Oct 4, 2025
Amount: $1.7m
Classification: Access Control
Technique: Improper Access Control
On October 4, 2025 Abracadabra Money on Ethereum suffered a critical exploit of the cook() multi-action function where improper state handling allowed attackers to bypass solvency checks: Action 5 set needsSolvencyCheck=true, but Action 0 reset the CookStatus, enabling under-collateralized borrowing and withdrawal of 1.79 million MIM tokens.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Abracadabra Spell history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 5, 2021 to Nov 13, 2026.
All-time high TVL: $6.425b on Jan 5, 2022. All-time low TVL: $3.86m on Jul 9, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $4.75m |
| Oct 16, 2026 | $4.79m |
| Oct 17, 2026 | $4.75m |
| Oct 18, 2026 | $4.73m |
| Oct 19, 2026 | $4.76m |
| Oct 20, 2026 | $4.73m |
| Oct 21, 2026 | $4.81m |
| Oct 22, 2026 | $4.86m |
| Oct 23, 2026 | $4.71m |
| Oct 24, 2026 | $4.69m |
| Oct 25, 2026 | $4.69m |
| Oct 26, 2026 | $4.64m |
| Oct 27, 2026 | $4.64m |
| Oct 28, 2026 | $4.68m |
| Oct 29, 2026 | $4.7m |
| Oct 30, 2026 | $4.49m |
| Oct 31, 2026 | $4.52m |
| Nov 1, 2026 | $4.53m |
| Nov 2, 2026 | $4.57m |
| Nov 3, 2026 | $4.5m |
| Nov 4, 2026 | $4.53m |
| Nov 5, 2026 | $4.73m |
| Nov 6, 2026 | $4.48m |
| Nov 7, 2026 | $4.47m |
| Nov 8, 2026 | $4.46m |
| Nov 9, 2026 | $4.39m |
| Nov 10, 2026 | $4.36m |
| Nov 11, 2026 | $4.28m |
| Nov 12, 2026 | $4.29m |
| Nov 13, 2026 | $4.23m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $65m |
| Jan 31, 2025 | $67.39m |
| Feb 28, 2025 | $59.09m |
| Mar 31, 2025 | $39.54m |
| Apr 30, 2025 | $29.82m |
| May 31, 2025 | $31.79m |
| Jun 30, 2025 | $31.97m |
| Jul 31, 2025 | $25.52m |
| Aug 31, 2025 | $25.64m |
| Sep 30, 2025 | $22.75m |
| Oct 31, 2025 | $19.55m |
| Nov 30, 2025 | $15.39m |
| Dec 31, 2025 | $14.8m |
| Jan 31, 2026 | $13.94m |
| Feb 28, 2026 | $10.81m |
| Mar 31, 2026 | $8.93m |
| Apr 30, 2026 | $7.3m |
| May 31, 2026 | $6.79m |
| Jun 30, 2026 | $4.76m |
| Jul 31, 2026 | $4.39m |
| Aug 31, 2026 | $4.65m |
| Sep 30, 2026 | $5.01m |
| Oct 31, 2026 | $4.52m |
| Nov 13, 2026 (latest) | $4.23m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $6.125b |
| Dec 31, 2022 | $158.93m |
| Dec 31, 2023 | $154.91m |
| Dec 31, 2024 | $65m |
| Dec 31, 2025 | $14.8m |
Fees, revenue and holders revenue by UTC calendar month, Jul 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jul 2024 | $74,873 | $37,438 | — |
| Aug 2024 | $36,135 | $18,066 | — |
| Sep 2024 | $13,289 | $6,647 | — |
| Oct 2024 | $8,884 | $4,438 | — |
| Nov 2024 | $5,053 | $2,524 | — |
| May 2025 | $100,484 | $50,239 | $0 |
| Jun 2025 | $142,140 | $71,072 | $0 |
| Jul 2025 | $90,353 | $45,176 | $0 |
| Aug 2025 | $253,808 | $126,902 | $0 |
| Sep 2025 | $136,488 | $68,242 | $0 |
| Oct 2025 | $110,902 | $55,110 | $0 |
| Nov 2025 | $149,302 | $74,602 | $0 |
| Dec 2025 | $123,474 | $61,704 | $0 |
| Jan 2026 | $87,858 | $43,886 | $0 |
| Feb 2026 | $68,605 | $34,050 | $0 |
| Mar 2026 | $32,435 | $16,035 | $0 |
| Apr 2026 | $98,157 | $48,854 | $0 |
| May 2026 | $228,096 | $114,005 | $0 |
| Jun 2026 | $174,439 | $172,826 | $86,409 |
| Jul 2026 | $151,700 | $151,699 | $75,849 |
| Aug 2026 | $5,837 | $5,829 | $2,915 |
| Sep 2026 | $3,511 | $3,511 | $1,755 |
| Oct 2026 | $341.85 | $341.81 | $170.21 |
| Nov 2026 (to date) | $3.86 | $3.86 | $1.93 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/abracadabra-spell
Frequently asked questions
What is Abracadabra Spell's TVL?
As of Nov 13, 2026, Abracadabra Spell has $4.1m in total value locked. TVL has decreased 15.5% over the past 30 days.
What chains does Abracadabra Spell operate on?
Abracadabra Spell operates on 8 chains: Ethereum, Arbitrum, BSC, Fantom, and Avalanche and 3 others. Ethereum holds the largest share at 53.3%.
How much has Abracadabra Spell generated in fees and revenue?
Over the past 30 days, Abracadabra Spell generated $338.30 in fees. Of that, $338.28 was protocol revenue. Based on the trailing year, the annualized rate is $1.09m in fees and $708,373 in revenue.
How does Abracadabra Spell's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Abracadabra Spell ranks #23 by TVL. The category holds $5.622b across 198 protocols, and Abracadabra Spell accounts for 0.1% of that total. Similar protocols include QiDao, Angle, Reservoir Protocol, Davos Protocol, Gravita Protocol, xDollar, TopShelf, Button Wrappers, Deaderal Reserve Protocol, and USDD.
How many yield pools does Abracadabra Spell have?
DefiLlama tracks 1 Abracadabra Spell yield pool with an average APY of 16%.
Has Abracadabra Spell ever been exploited?
Abracadabra Spell has 3 recorded security incidents. The most recent incident occurred on Oct 4, 2025 and involved $1.7m. It was classified as Access Control.