Protocol Information
Treasury-backed protocol designed to perpetually accumulate $BGT (Berachain Governance Token) through Berachain's Proof of Liquidity (PoL)
Methodology
TVL: TVL is protocol-owned iBGT, HONEY, and LP positions. LP tokens unwrapped to count only HONEY side. iBGT staked on Infrared included.View code on GitHubCompetitors
Apiary history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 21, 2026 to Oct 23, 2026.
All-time high TVL: $137,997 on May 14, 2026. All-time low TVL: $20,909 on Oct 22, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $21,863 |
| Sep 25, 2026 | $21,956 |
| Sep 26, 2026 | $21,790 |
| Sep 27, 2026 | $21,751 |
| Sep 28, 2026 | $21,838 |
| Sep 29, 2026 | $21,778 |
| Sep 30, 2026 | $21,799 |
| Oct 1, 2026 | $21,879 |
| Oct 2, 2026 | $21,510 |
| Oct 3, 2026 | $21,483 |
| Oct 4, 2026 | $21,546 |
| Oct 5, 2026 | $21,437 |
| Oct 6, 2026 | $21,454 |
| Oct 7, 2026 | $21,611 |
| Oct 8, 2026 | $21,532 |
| Oct 9, 2026 | $21,397 |
| Oct 10, 2026 | $21,487 |
| Oct 11, 2026 | $21,446 |
| Oct 12, 2026 | $21,411 |
| Oct 13, 2026 | $21,403 |
| Oct 14, 2026 | $21,379 |
| Oct 15, 2026 | $21,558 |
| Oct 16, 2026 | $21,396 |
| Oct 17, 2026 | $21,354 |
| Oct 18, 2026 | $21,316 |
| Oct 19, 2026 | $21,231 |
| Oct 20, 2026 | $21,297 |
| Oct 21, 2026 | $21,023 |
| Oct 22, 2026 | $20,909 |
| Oct 23, 2026 | $21,044 |
TVL at each month end, Apr 2026 to Oct 2026
| Date | TVL |
|---|---|
| Apr 30, 2026 | $111,002 |
| May 31, 2026 | $93,786 |
| Jun 30, 2026 | $27,333 |
| Jul 31, 2026 | $25,394 |
| Aug 31, 2026 | $22,976 |
| Sep 30, 2026 | $21,799 |
| Oct 23, 2026 (latest) | $21,044 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/apiary
Frequently asked questions
What is Apiary's TVL?
As of Oct 23, 2026, Apiary has $20,993 in total value locked. TVL has decreased 7.8% over the past 30 days.
What chains does Apiary operate on?
Apiary operates on Berachain. Berachain holds the largest share at 100%.
How does Apiary's TVL compare to similar protocols?
Among Reserve Currency protocols tracked by DefiLlama, Apiary ranks #7 by TVL. The category holds $9.91m across 90 protocols, and Apiary accounts for 0.2% of that total. Similar protocols include BakerDAO, Beratlas Finance, The Idols, Nirvana V2, Rezerve Money, United Founders Group, FlareBank, Eggs Finance, BLUE Protocol, and KronosDAO.