Total Value Locked$55.65m
TVL by Chain
Ethereum$38.41m
Monad$8.04m
Polygon$3.51m
Arbitrum$1.9m
Base$1.22m
Hyperliquid L1$1.18m
Avalanche$691,062
Gnosis$345,098
OP Mainnet$296,477
Plasma$41,177
Mode$14,344
Fraxtal$9,654
Polygon zkEVM$0
Key Metrics
Fees (Annualized)$11.19m
Fees 30d$194,550
Ethereum$101,356
Polygon$47,788
Monad$15,849
Base$15,675.7
Arbitrum$7,817.98
Hyperliquid L1$3,228.61
Plasma$848.59
Gnosis$717.61
Avalanche$710.56
OP Mainnet$555.54
Fraxtal$1.83
Mode$1.3
Fees 7d$24,121
Ethereum$12,595
Monad$4,129
Polygon$4,086
Base$1,386.13
Arbitrum$1,057.98
Gnosis$413.77
Avalanche$321.31
OP Mainnet$118.08
Hyperliquid L1$7.98
Plasma$3.71
Mode$0.41
Fraxtal$0.13
Fees 24h$3,346
Ethereum$1,347
Polygon$1,116
Monad$562
Arbitrum$160
Base$102.17
Gnosis$29.37
OP Mainnet$21.47
Avalanche$4.79
Hyperliquid L1$2.24
Plasma$0.62
Fraxtal$0.02
Mode$0.01
Cumulative Fees$301.32m
Ethereum$278.88m
Polygon$7.01m
Arbitrum$4.99m
Base$4.31m
Gnosis$2.75m
Plasma$1.36m
Avalanche$923,048.56
OP Mainnet$857,661.36
Monad$156,302.74
Hyperliquid L1$60,557.91
Mode$22,671.32
Fraxtal$5,205.75
Polygon zkEVM$7
Revenue (Annualized)$3.91m
Revenue 30d$75,501
Ethereum$39,331
Polygon$23,894
Base$6,489.15
Arbitrum$2,360.87
Monad$1,904
Hyperliquid L1$806.38
Gnosis$341.79
Avalanche$179.61
Plasma$101.77
OP Mainnet$89.34
Fraxtal$0.9
Mode$0.69
Revenue 7d$7,680
Ethereum$4,096
Polygon$2,043
Monad$493
Base$483.95
Arbitrum$262.87
Gnosis$202.96
Avalanche$78.94
OP Mainnet$17.84
Hyperliquid L1$1.86
Plasma$0.44
Mode$0.21
Fraxtal$0.05
Revenue 24h$1,086
Polygon$558
Ethereum$367
Monad$77
Arbitrum$49
Base$17.09
Gnosis$14.21
OP Mainnet$2.89
Avalanche$0.88
Hyperliquid L1$0.54
Plasma$0.07
Fraxtal$0.01
Mode$0
Cumulative Revenue$64.45m
Ethereum$54.54m
Polygon$3.5m
Arbitrum$2.16m
Base$1.79m
Gnosis$1.28m
Plasma$459,745.98
OP Mainnet$390,416.54
Avalanche$289,008.92
Monad$18,770.49
Hyperliquid L1$16,677.85
Mode$11,338.85
Fraxtal$2,603.41
Polygon zkEVM$277
Holders Revenue (Annualized)$2.53m
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$1.89m
$163.23
$8.06
$0
$416.5m
Earnings (Annualized)$2.02m
$75,337.77
$7,671.94
$1,086
-$352.05m
DEX Volume 30d$244.73m
DEX Volume 30d by chain
Monad$81.62m
Polygon$81.07m
Ethereum$58.6m
Base$13.73m
Arbitrum$6.61m
Hyperliquid L1$894,932
Plasma$675,775.17
Gnosis$631,580
Avalanche$522,615.6
OP Mainnet$372,019
Fraxtal$3,527.19
Mode$559.96
DEX Volume 7d$33.79m
Monad$17.69m
Ethereum$11.18m
Polygon$2.43m
Base$1.15m
Arbitrum$869,705
Avalanche$194,882
Gnosis$168,125
Hyperliquid L1$65,476
OP Mainnet$46,285
Plasma$1,935
Fraxtal$253.19
Mode$185.52
DEX Volume 24h$4.33m
Monad$2.34m
Ethereum$1.12m
Polygon$610,870
Arbitrum$174,101
Base$43,598
OP Mainnet$15,606
Hyperliquid L1$11,279
Avalanche$10,415
Gnosis$9,812
Plasma$58
Fraxtal$39
Mode$16
Cumulative DEX Volume$133.079b
Ethereum$109.836b
Polygon$8.252b
Arbitrum$7.547b
Gnosis$2.987b
Base$2.356b
Plasma$924.65m
Avalanche$645.22m
Monad$398.24m
Hyperliquid L1$35.04m
OP Mainnet$31.29m
Fraxtal$28.78m
Polygon zkEVM$26.03m
Mode$11.2m
Market Cap$7.32m
$BAL Price$0.1
$7.59m
$7.59m
$BAL Volume 24h$250,414
CEX Volume$219,789.95
DEX Volume$55,767.28(22.27% 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
Yields
Pools Tracked194
Average Supply APY7%
User Activity
Active Addresses (24h)26
New Addresses (24h)2
Transactions (24h)201
Gas Used (24h)18 ETH
Gas Cost (24h)$5.47
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 $55.65m in total value locked. TVL has decreased 9.5% 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 69%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $194,550 in fees. Of that, $75,501 was protocol revenue. Based on the trailing year, the annualized rate is $11.19m in fees and $3.91m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.11. Its circulating market capitalization is $7.44m, ranking it #1,566. Its fully diluted valuation is $7.72m. Supply currently stands at 69.79m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is up 2% over the past 7 days and up 2% over the past 30 days. Its all-time high is $74.45, reached on May 4, 2021. The token is currently 99.9% below that level.
How does Balancer's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Balancer ranks #18 by TVL. The category holds $11.017b across 1,585 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 $244.73m 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.
