Logo of Balancer V2Balancer V2(BAL)
Total Value Locked$26.33m

TVL by Chain

Ethereum$21.15m

Polygon$3.57m

Arbitrum$954,979.32

Base$277,214.35

Gnosis$268,803.55

Avalanche$88,576.22

Mode$14,191.13

Fraxtal$9,656.95

Polygon zkEVM$0

Key Metrics

Fees (Annualized)$4.62m
Fees 30d$178,967

Ethereum$89,334

Polygon$66,501

Base$18,827.16

Arbitrum$3,465

Gnosis$653.13

Avalanche$125

OP Mainnet$58.22

Fraxtal$2.45

Mode$1.02

Fees 7d$28,281

Ethereum$14,639

Polygon$10,428

Base$2,289.16

Arbitrum$828

Gnosis$69.7

OP Mainnet$14.63

Avalanche$11.35

Fraxtal$0.66

Mode$0.21

Fees 24h$1,253

Ethereum$813

Polygon$304

Base$80

Arbitrum$36

Gnosis$18

OP Mainnet$1.71

Avalanche$0.05

Mode$0.05

Fraxtal$0.02

Cumulative Fees$123.84m

Ethereum$107.64m

Polygon$7.01m

Arbitrum$3.98m

Gnosis$2.43m

Base$1.67m

OP Mainnet$744,605.54

Avalanche$343,085.49

Mode$23,903.2

Fraxtal$5,529.15

Polygon zkEVM$7

Revenue (Annualized)$2.31m
Revenue 30d$89,484

Ethereum$44,668

Polygon$33,250

Base$9,412.01

Arbitrum$1,735

Gnosis$325.51

Avalanche$62.71

OP Mainnet$29.33

Fraxtal$1.22

Mode$0.52

Revenue 7d$14,142

Ethereum$7,319

Polygon$5,214

Base$1,144.01

Arbitrum$416

Gnosis$35.03

OP Mainnet$7.32

Avalanche$5.69

Fraxtal$0.31

Mode$0.1

Revenue 24h$627

Ethereum$407

Polygon$152

Base$40

Arbitrum$18

Gnosis$8.98

OP Mainnet$0.86

Avalanche$0.03

Mode$0.02

Fraxtal$0.01

Cumulative Revenue$61.86m

Ethereum$53.77m

Polygon$3.5m

Arbitrum$1.99m

Gnosis$1.21m

Base$835,412.54

OP Mainnet$372,305.53

Avalanche$171,825.69

Mode$11,957.1

Fraxtal$2,761.58

Polygon zkEVM$277

Holders Revenue (Annualized)$1.27m
Holders Revenue 30d$0

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$37.86m

Ethereum$32.97m

Polygon$2.1m

Arbitrum$1.21m

Gnosis$744,740.85

Base$496,159.42

OP Mainnet$228,797.14

Avalanche$102,570.89

Mode$7,350.26

Fraxtal$1,695.42

DEX Volume 30d$175.84m
DEX Volume 30d by chain

Polygon$112.82m

Ethereum$38.2m

Base$20.96m

Arbitrum$2.98m

Gnosis$533,671

OP Mainnet$297,801

Avalanche$36,536

Fraxtal$4,551

Mode$416.98

DEX Volume 7d$27.95m

Polygon$19.73m

Ethereum$5.82m

Base$1.51m

Arbitrum$764,881

Gnosis$69,267

OP Mainnet$49,471

Avalanche$4,403

Fraxtal$1,255

Mode$85.98

DEX Volume 24h$773,923

Polygon$420,991

Ethereum$248,912

Gnosis$27,445

Arbitrum$27,008

OP Mainnet$24,960

Base$24,382

Avalanche$164

Fraxtal$42

Mode$19

Cumulative DEX Volume$100.313b

Ethereum$81.649b

Polygon$8.248b

Arbitrum$6.859b

Gnosis$2.81b

Base$445.36m

Avalanche$222.71m

Fraxtal$28.78m

Polygon zkEVM$26.03m

OP Mainnet$11.95m

Mode$11.2m

$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

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 Tracked92

Average Supply APY2.5%

Hacks

Date: Aug 27, 2023

Amount: $800,000

Classification: Protocol Logic

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Date: Sep 19, 2023

Amount: $238,000

Classification: Protocol Logic

Technique: Frontend Attack

Chains: Ethereum

Target Type: DeFi Protocol

Date: Nov 3, 2025

Amount: $128m

Classification: Protocol Logic

Technique: Composable Stable Pools Exploit

Chains: Ethereum, Arbitrum, Base, Polygon, Sonic, Optimism

Language: Solidity

Target Type: DeFi Protocol

Competitors

Frequently Asked Questions

What is Balancer V2?

Balancer is a protocol for programmable liquidity.

What is Balancer V2's TVL?

Balancer V2 currently has $26.33m in total value locked. TVL has decreased 4.1% over the past 30 days.

What chains does Balancer V2 operate on?

Balancer V2 operates on 9 chains: Polygon zkEVM, Fraxtal, Mode, Avalanche, and Arbitrum and 4 others. Ethereum holds the largest share at 80.3%.

How much has Balancer V2 generated in fees and revenue?

Over the past 30 days, Balancer V2 generated $178,967 in fees. Of that, $89,484 was protocol revenue. Based on the trailing year, the annualized rate is $4.62m in fees and $2.31m in revenue.

How much trading volume does Balancer V2 process?

Balancer V2 processed $175.84m 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 Protocol Logic.