Logo of Balancer V2Balancer V2(BAL)
Total Value Locked$26.74m

TVL by Chain

Ethereum$21.08m

Polygon$3.81m

Arbitrum$1.1m

Base$344,626.54

Gnosis$267,023.39

Avalanche$100,499.44

Mode$16,951.38

Fraxtal$10,292.69

Polygon zkEVM$0

Key Metrics

Fees 30d$114,670
Fees 30d by chain

Ethereum$60,913

Polygon$37,821

Base$9,742.02

Arbitrum$4,991

Gnosis$949.23

OP Mainnet$125.47

Avalanche$123.23

Mode$1.96

Fraxtal$1.92

Fees 7d$32,457

Polygon$14,016

Ethereum$10,189

Base$6,864

Arbitrum$1,130

Gnosis$185.2

OP Mainnet$41.38

Avalanche$30.02

Fraxtal$0.43

Mode$0.13

Fees 24h$6,559

Polygon$2,762

Ethereum$2,318

Base$1,275

Arbitrum$169

Gnosis$20

OP Mainnet$11

Avalanche$3.75

Fraxtal$0.09

Mode$0

Cumulative Fees$124.02m

Ethereum$107.72m

Polygon$7.05m

Arbitrum$3.99m

Gnosis$2.42m

Base$1.73m

OP Mainnet$744,225.7

Avalanche$342,923.21

Mode$22,673.23

Fraxtal$5,207.73

Polygon zkEVM$7

Revenue 30d$57,337
Revenue 30d by chain

Ethereum$30,458

Polygon$18,911

Base$4,871.46

Arbitrum$2,493

Gnosis$477.03

OP Mainnet$62.37

Avalanche$61.9

Fraxtal$0.99

Mode$0.98

Revenue 7d$16,226

Polygon$7,007

Ethereum$5,094

Base$3,430

Arbitrum$565

Gnosis$92.82

OP Mainnet$20.47

Avalanche$15

Fraxtal$0.21

Mode$0.07

Revenue 24h$3,279

Polygon$1,381

Ethereum$1,159

Base$638

Arbitrum$84

Gnosis$9.98

OP Mainnet$5.41

Avalanche$1.87

Fraxtal$0.04

Mode$0

Cumulative Revenue$61.95m

Ethereum$53.8m

Polygon$3.52m

Arbitrum$1.99m

Gnosis$1.21m

Base$864,008.25

OP Mainnet$372,109.16

Avalanche$171,751.89

Mode$11,339.81

Fraxtal$2,604.43

Polygon zkEVM$277

Holders Revenue 30d$0
Holders Revenue 30d by chain

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Mode$0

OP Mainnet$0

Polygon$0

Holders Revenue 7d$0

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Mode$0

OP Mainnet$0

Polygon$0

Holders Revenue 24h$0

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Mode$0

OP Mainnet$0

Polygon$0

Cumulative Holders Revenue$37.87m

Ethereum$32.97m

Polygon$2.1m

Arbitrum$1.21m

Gnosis$742,491.85

Base$510,090.42

OP Mainnet$228,630.14

Avalanche$102,479.06

Mode$6,967.25

Fraxtal$1,602.01

DEX Volume 30d$96.98m
DEX Volume 30d by chain

Polygon$65.12m

Ethereum$19.32m

Base$8.24m

Arbitrum$3.12m

Gnosis$713,105

OP Mainnet$368,879

Avalanche$96,487

Fraxtal$3,705

Mode$776.88

DEX Volume 7d$34.9m

Polygon$24.14m

Base$5.98m

Ethereum$3.77m

Arbitrum$828,358

OP Mainnet$93,029

Gnosis$82,200

Avalanche$8,791

Fraxtal$820

Mode$52.43

DEX Volume 24h$7.03m

Polygon$4.82m

Base$1.34m

Ethereum$718,090

Arbitrum$107,217

OP Mainnet$28,938

Gnosis$11,481

Avalanche$971

Fraxtal$160

Mode$0.02

Cumulative DEX Volume$100.424b

Ethereum$81.671b

Polygon$8.322b

Arbitrum$6.862b

Gnosis$2.811b

Base$455.81m

Avalanche$222.82m

Fraxtal$28.78m

Polygon zkEVM$26.03m

OP Mainnet$12.4m

Mode$11.2m

Protocol Information

Balancer is a protocol for programmable liquidity.

Category:Dexs

Sub Category: Weighted Pool AMM

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All trading fees collected (includes swap and yield fee)View code on GitHubRevenue: Balancer V2 protocol collects 50% swap fees as revenue.View code on GitHubHolders Revenue: Share of revenue to veBAL holders (None after 2026-04-23)View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHub

Yields

Pools Tracked97

Average Supply APY1%

Hacks

Date: Aug 27, 2023

Amount: $800,000

Classification: Oracle Manipulation

Technique: Spot Price Manipulation

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Date: Sep 19, 2023

Amount: $238,000

Classification: Frontend & Infrastructure

Technique: Frontend Compromise

Chains: Ethereum

Target Type: DeFi Protocol

Date: Nov 3, 2025

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 V2's TVL?

Balancer V2 currently has $26.74m in total value locked. TVL has increased 3.6% over the past 30 days.

What chains does Balancer V2 operate on?

Balancer V2 operates on 10 chains: Ethereum, Polygon, Arbitrum, Base, and Gnosis and 5 others. Ethereum holds the largest share at 78.9%.

How much has Balancer V2 generated in fees and revenue?

Over the past 30 days, Balancer V2 generated $114,670 in fees. Of that, $57,337 was protocol revenue. Based on the trailing year, the annualized rate is $3.26m in fees and $1.63m in revenue.

How does Balancer V2's TVL compare to similar protocols?

Among Dexs protocols tracked by DefiLlama, Balancer V2 ranks #35 by TVL. The category holds $13.117b across 1,918 protocols, and Balancer V2 accounts for 0.2% of that total. Other leading protocols include Curve DEX, SushiSwap V3, SushiSwap, Gyroscope Protocol, Archly V2, Uniswap V3, WOOFi Swap, Elk, Uniswap V4, and Uniswap V2.

How much trading volume does Balancer V2 process?

Balancer V2 processed $96.98m in DEX volume over the past 30 days.

Has Balancer V2 ever been exploited?

Balancer V2 has 3 recorded security incidents. The most recent incident occurred on Nov 3, 2025 and involved $128m. It was classified as Token & Share Accounting.