Ask about Balancer · freeTotal Value Locked$43.69m
TVL by Chain
Ethereum$33.07m
Monad$3.96m
Polygon$2.44m
Arbitrum$1.98m
Base$949,567
Hyperliquid L1$425,213
OP Mainnet$350,750
Gnosis$277,170
Avalanche$165,207
Plasma$29,841
Mode$19,120
Fraxtal$10,234
Polygon zkEVM$0
Key Metrics
Fees 30d$189,806
Fees 30d by chain
Ethereum$99,225
Polygon$44,319
Monad$16,594
Base$16,355
Arbitrum$10,589
Gnosis$961.09
OP Mainnet$845.14
Avalanche$815.28
Hyperliquid L1$75.72
Plasma$15.32
Mode$9.88
Fraxtal$1.87
Fees 7d$26,551
Ethereum$19,039
Monad$2,748
Arbitrum$1,788
Polygon$1,525
Base$905
OP Mainnet$216.92
Gnosis$184.01
Avalanche$123.25
Hyperliquid L1$16.60
Plasma$2.88
Mode$1.01
Fraxtal$0.61
Fees 24h$4,040
Ethereum$2,536
Polygon$506
Monad$480
Arbitrum$272
Base$146
OP Mainnet$69
Gnosis$22.54
Avalanche$7.54
Plasma$0.63
Mode$0.30
Fraxtal$0.07
Hyperliquid L1$0
Cumulative Fees$301.76m
Ethereum$279.13m
Polygon$7.1m
Arbitrum$5.01m
Base$4.34m
Gnosis$2.75m
Plasma$1.36m
Avalanche$924,849
OP Mainnet$859,376
Monad$203,395
Hyperliquid L1$60,808
Mode$22,683
Fraxtal$5,210
Polygon zkEVM$7
Revenue 30d$73,470
Revenue 30d by chain
Ethereum$36,666
Polygon$22,161
Base$7,232
Arbitrum$3,676
Monad$2,760
Gnosis$471.83
Avalanche$299.76
OP Mainnet$177.70
Hyperliquid L1$16.09
Mode$4.95
Plasma$2.38
Fraxtal$0.91
Revenue 7d$9,335
Ethereum$7,096
Polygon$763
Arbitrum$613
Monad$400
Base$278.70
Gnosis$91.43
OP Mainnet$46.89
Avalanche$39.91
Hyperliquid L1$4.13
Mode$0.51
Plasma$0.37
Fraxtal$0.30
Revenue 24h$1,440
Ethereum$946
Polygon$253
Arbitrum$91
Monad$68
Base$53
OP Mainnet$14.90
Gnosis$11.13
Avalanche$2.37
Mode$0.15
Plasma$0.07
Fraxtal$0.04
Hyperliquid L1$0
Cumulative Revenue$64.6m
Ethereum$54.61m
Polygon$3.54m
Arbitrum$2.17m
Base$1.8m
Gnosis$1.28m
Plasma$459,753
OP Mainnet$390,764
Avalanche$289,562
Monad$25,898
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$989,649
Incentives 30d$25.92
Incentives 7d$5.84
Incentives 24h$0
Cumulative Incentives$416.5m
Earnings (Annualized)$1.08m
Earnings 30d$73,444
Earnings 7d$9,329
Earnings 24h$1,440
Cumulative Earnings-$351.9m
DEX Volume 30d$203.56m
DEX Volume 30d by chain
Polygon$73.76m
Monad$54.51m
Ethereum$46.37m
Base$15.69m
Arbitrum$11.38m
Avalanche$596,842
OP Mainnet$567,600
Gnosis$480,851
Hyperliquid L1$189,676
Plasma$7,730
Mode$3,941
Fraxtal$3,556
DEX Volume 7d$25.43m
Ethereum$11.08m
Monad$8.97m
Arbitrum$3m
Polygon$1.41m
Base$623,383
OP Mainnet$174,977
Gnosis$102,609
Avalanche$71,619
Hyperliquid L1$3,526
Plasma$1,572
Fraxtal$1,173
Mode$398
DEX Volume 24h$2.97m
Monad$1.43m
Ethereum$878,709
Polygon$230,585
Arbitrum$202,472
Base$135,781
OP Mainnet$73,391
Gnosis$11,458
Avalanche$11,070
Plasma$193
Fraxtal$136
Mode$108
Hyperliquid L1$0.32
Cumulative DEX Volume$133.594b
Ethereum$109.95b
Polygon$8.404b
Arbitrum$7.568b
Gnosis$2.989b
Base$2.384b
Plasma$924.7m
Avalanche$648.07m
Monad$592.31m
Hyperliquid L1$35.75m
OP Mainnet$32.59m
Fraxtal$28.79m
Polygon zkEVM$26.03m
Mode$11.2m
Market Cap$8.41m
$BAL Price$0.12
Fully Diluted Valuation$8.71m
Outstanding FDV$8.71m
$BAL Volume 24h$483,443
CEX Volume$431,986
DEX Volume$51,332(10.62% 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 Tracked200
Average Supply APY2.91%
User Activity
Active Addresses (24h)107
New Addresses (24h)5
Transactions (24h)1,320
Gas Used (24h)76 ETH
Gas Cost (24h)$14.49
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 19, 2026.
All-time high TVL: $3.315b on Nov 5, 2021. All-time low TVL: $98 on Mar 13, 2020.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 19, 2026 | $43.58m |
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 19, 2026 (latest) | $43.58m |
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) | $92,530 | $34,174 | $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 19, 2026, Balancer has $43.69m in total value locked. TVL has decreased 22.8% 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 75.7%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $189,806 in fees. Of that, $73,470 was protocol revenue. Based on the trailing year, the annualized rate is $6.37m in fees and $2.07m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.49m, ranking it #1,613. Its fully diluted valuation is $8.8m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is down 7.6% over the past 7 days and up 4.8% 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 $13.914b across 1,913 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 $203.56m 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.