Ask about Balancer · freeTotal Value Locked$43.84m
TVL by Chain
Ethereum$33.22m
Monad$3.98m
Polygon$2.45m
Arbitrum$1.98m
Base$938,053
Hyperliquid L1$427,400
OP Mainnet$349,655
Gnosis$276,769
Avalanche$165,650
Plasma$29,861
Mode$19,021
Fraxtal$10,205
Polygon zkEVM$0
Key Metrics
Fees 30d$193,971
Fees 30d by chain
Ethereum$99,166
Polygon$47,846
Base$17,105
Monad$16,551
Arbitrum$10,589
Gnosis$966.95
Avalanche$823.97
OP Mainnet$818.14
Hyperliquid L1$78.38
Plasma$14.74
Mode$9.62
Fraxtal$1.88
Fees 7d$24,891
Ethereum$17,955
Monad$2,656
Arbitrum$1,715
Polygon$1,163
Base$855
Gnosis$229.91
OP Mainnet$173.87
Avalanche$122.11
Hyperliquid L1$16.60
Plasma$2.25
Mode$1.01
Fraxtal$0.62
Fees 24h$7,458
Ethereum$6,805
Monad$249
Polygon$174
Arbitrum$130
Base$60
OP Mainnet$21.02
Gnosis$11.95
Avalanche$6.72
Plasma$0.16
Mode$0.05
Fraxtal$0.04
Hyperliquid L1$0.01
Cumulative Fees$301.76m
Ethereum$279.13m
Polygon$7.1m
Arbitrum$5.01m
Base$4.34m
Gnosis$2.75m
Plasma$1.36m
Avalanche$924,841
OP Mainnet$859,274
Monad$202,676
Hyperliquid L1$60,808
Mode$22,683
Fraxtal$5,210
Polygon zkEVM$7
Revenue 30d$75,667
Revenue 30d by chain
Ethereum$36,725
Polygon$23,925
Base$7,592
Arbitrum$3,686
Monad$2,763
Gnosis$473.89
Avalanche$302.03
OP Mainnet$174.75
Hyperliquid L1$16.75
Mode$4.82
Plasma$2.32
Fraxtal$0.91
Revenue 7d$8,624
Ethereum$6,598
Arbitrum$601.96
Polygon$582
Monad$397
Base$246.71
Gnosis$114.38
Avalanche$39.89
OP Mainnet$38.23
Hyperliquid L1$4.13
Mode$0.51
Fraxtal$0.30
Plasma$0.30
Revenue 24h$3,187
Ethereum$3,006
Polygon$87
Arbitrum$35
Monad$34
Base$12.91
Gnosis$5.76
OP Mainnet$3.74
Avalanche$2.31
Mode$0.03
Plasma$0.03
Fraxtal$0.02
Hyperliquid L1$0
Cumulative Revenue$64.6m
Ethereum$54.61m
Polygon$3.54m
Arbitrum$2.17m
Base$1.8m
Gnosis$1.28m
Plasma$459,752
OP Mainnet$390,740
Avalanche$289,560
Monad$25,796
Hyperliquid L1$16,718
Mode$11,345
Fraxtal$2,605
Polygon zkEVM$277
Holders Revenue 30d$0
Holders Revenue 30d by chain
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$39.92m
Ethereum$33.56m
Polygon$2.11m
Arbitrum$1.34m
Base$1.27m
Gnosis$800,137
Plasma$378,885
OP Mainnet$243,490
Avalanche$198,450
Hyperliquid L1$11,490
Mode$6,967
Monad$3,535
Fraxtal$1,602
Polygon zkEVM$170.35
Incentives 1y$996,434
Incentives 30d$25.33
Incentives 7d$12.49
Incentives 24h$0.00000017
Cumulative Incentives$416.5m
Earnings (Annualized)$1.08m
Earnings 30d$75,642
Earnings 7d$8,612
Earnings 24h$3,187
Cumulative Earnings-$351.9m
DEX Volume 30d$212.54m
DEX Volume 30d by chain
Polygon$80.85m
Monad$54.98m
Ethereum$46.8m
Base$16.49m
Arbitrum$11.55m
Avalanche$609,968
OP Mainnet$525,087
Gnosis$481,403
Hyperliquid L1$235,295
Plasma$7,735
Mode$3,848
Fraxtal$3,568
DEX Volume 7d$24.47m
Ethereum$11.03m
Monad$8.47m
Arbitrum$2.88m
Polygon$1.29m
Base$503,015
Gnosis$115,058
OP Mainnet$108,730
Avalanche$66,355
Hyperliquid L1$3,533
Plasma$1,379
Fraxtal$1,187
Mode$411
DEX Volume 24h$4.18m
Ethereum$2.93m
Monad$787,440
Polygon$253,330
Arbitrum$139,636
Base$32,953
OP Mainnet$14,874
Gnosis$8,432
Avalanche$6,557
Plasma$604
Fraxtal$86
Mode$21
Hyperliquid L1$0.73
Cumulative DEX Volume$133.592b
Ethereum$109.951b
Polygon$8.404b
Arbitrum$7.568b
Gnosis$2.989b
Base$2.384b
Plasma$924.7m
Avalanche$648.06m
Monad$590.42m
Hyperliquid L1$35.75m
OP Mainnet$32.47m
Fraxtal$28.79m
Polygon zkEVM$26.03m
Mode$11.2m
Market Cap$8.53m
$BAL Price$0.12
Fully Diluted Valuation$8.84m
Outstanding FDV$8.84m
$BAL Volume 24h$429,000
CEX Volume$379,846
DEX Volume$58,714(13.69% of total)
Treasury$13.16m
Majors$2.7m
Stablecoins$6.74m
Own Tokens$429,763
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 V3Dexs
- Balancer V2Dexs
- Balancer V1Dexs
- Balancer CoW AMMDexs
Yields
Pools Tracked208
Average Supply APY2.32%
User Activity
Active Addresses (24h)27
New Addresses (24h)3
Transactions (24h)1,130
Gas Used (24h)73 ETH
Gas Cost (24h)$11.97
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
Date: Aug 30, 2026
Protocol: Balancer V1
Amount: $234,000
Classification: Token & Share Accounting
Technique: Rounding Error
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Balancer history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 29, 2020 to Oct 18, 2026.
All-time high TVL: $3.315b on Nov 5, 2021. All-time low TVL: $98 on Mar 13, 2020.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $56.58m |
| Sep 20, 2026 | $56.6m |
| Sep 21, 2026 | $56.74m |
| Sep 22, 2026 | $56.99m |
| Sep 23, 2026 | $58.95m |
| Sep 24, 2026 | $58.03m |
| Sep 25, 2026 | $58.2m |
| Sep 26, 2026 | $57.85m |
| Sep 27, 2026 | $59.05m |
| Sep 28, 2026 | $58.86m |
| Sep 29, 2026 | $58.33m |
| Sep 30, 2026 | $58.33m |
| Oct 1, 2026 | $58.21m |
| Oct 2, 2026 | $58.14m |
| Oct 3, 2026 | $58.4m |
| Oct 4, 2026 | $49.39m |
| Oct 5, 2026 | $49.73m |
| Oct 6, 2026 | $49.22m |
| Oct 7, 2026 | $48.09m |
| Oct 8, 2026 | $46.86m |
| Oct 9, 2026 | $45.15m |
| Oct 10, 2026 | $45.34m |
| Oct 11, 2026 | $45.53m |
| Oct 12, 2026 | $45.36m |
| Oct 13, 2026 | $44.81m |
| Oct 14, 2026 | $45.57m |
| Oct 15, 2026 | $43.48m |
| Oct 16, 2026 | $44.25m |
| Oct 17, 2026 | $43.36m |
| Oct 18, 2026 | $43.24m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.001b |
| Dec 31, 2024 | $1.069b |
| Jan 31, 2025 | $1.045b |
| Feb 28, 2025 | $765.37m |
| Mar 31, 2025 | $649.09m |
| Apr 30, 2025 | $654.82m |
| May 31, 2025 | $778.88m |
| Jun 30, 2025 | $762.7m |
| Jul 31, 2025 | $886.73m |
| Aug 31, 2025 | $949.8m |
| Sep 30, 2025 | $962.54m |
| Oct 31, 2025 | $779.1m |
| Nov 30, 2025 | $255.56m |
| Dec 31, 2025 | $248.52m |
| Jan 31, 2026 | $258.65m |
| Feb 28, 2026 | $173.7m |
| Mar 31, 2026 | $142.16m |
| Apr 30, 2026 | $105.9m |
| May 31, 2026 | $89.69m |
| Jun 30, 2026 | $61.98m |
| Jul 31, 2026 | $62.1m |
| Aug 31, 2026 | $64.11m |
| Sep 30, 2026 | $58.33m |
| Oct 18, 2026 (latest) | $43.24m |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $577.94m |
| Dec 31, 2021 | $2.413b |
| Dec 31, 2022 | $873.82m |
| Dec 31, 2023 | $942.55m |
| Dec 31, 2024 | $1.069b |
| Dec 31, 2025 | $248.52m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $3.33m | $1.65m | $1.01m |
| Dec 2024 | $6.4m | $3.17m | $1.95m |
| Jan 2025 | $3.65m | $1.79m | $1.1m |
| Feb 2025 | $2.62m | $1.25m | $774,990 |
| Mar 2025 | $1.7m | $769,844 | $482,725 |
| Apr 2025 | $1.42m | $632,375 | $406,606 |
| May 2025 | $2.16m | $922,835 | $612,732 |
| Jun 2025 | $1.56m | $587,535 | $379,786 |
| Jul 2025 | $2.01m | $761,736 | $497,038 |
| Aug 2025 | $2.1m | $847,414 | $566,523 |
| Sep 2025 | $2.14m | $775,372 | $564,896 |
| Oct 2025 | $3.1m | $1.13m | $829,074 |
| Nov 2025 | $1.02m | $371,847 | $267,691 |
| Dec 2025 | $608,607 | $210,499 | $146,984 |
| Jan 2026 | $531,336 | $152,428 | $110,405 |
| Feb 2026 | $595,741 | $206,287 | $142,740 |
| Mar 2026 | $377,499 | $105,042 | $74,623 |
| Apr 2026 | $681,502 | $216,365 | $120,752 |
| May 2026 | $560,003 | $151,243 | $0 |
| Jun 2026 | $245,447 | $53,099 | $0 |
| Jul 2026 | $259,253 | $105,712 | $0 |
| Aug 2026 | $203,520 | $56,781 | $0 |
| Sep 2026 | $217,381 | $83,838 | $0 |
| Oct 2026 (to date) | $92,867 | $34,893 | $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/balancer
Frequently asked questions
What is Balancer's TVL?
As of Oct 18, 2026, Balancer has $43.84m in total value locked. TVL has decreased 18% 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 75.8%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $193,971 in fees. Of that, $75,667 was protocol revenue. Based on the trailing year, the annualized rate is $6.42m in fees and $2.08m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.5m, ranking it #1,612. Its fully diluted valuation is $8.81m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is down 5.5% over the past 7 days and up 10.4% 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 #28 by TVL. The category holds $13.68b across 1,922 protocols, and Balancer accounts for 0.3% 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 $212.54m 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 in its own tokens, $3.29m in other assets.
Has Balancer ever been exploited?
Balancer has 4 recorded security incidents. The most recent incident occurred on Aug 30, 2026 and involved $234,000. It was classified as Token & Share Accounting.