Ask about Balancer

Logo of BalancerBalancer(BAL)

Total Value Locked$58.67m

TVL by Chain

Ethereum$45.16m

Monad$4.68m

Polygon$3.75m

Arbitrum$2.14m

Base$1.36m

Hyperliquid L1$604,722

OP Mainnet$408,519

Gnosis$329,691

Avalanche$178,690

Plasma$33,796

Mode$19,345

Fraxtal$10,536

Polygon zkEVM$0

Key Metrics

Fees 30d$205,698
Fees 30d by chain

Ethereum$90,180

Polygon$55,439

Monad$23,571

Base$23,223

Arbitrum$10,397

Gnosis$1,072

Avalanche$806.05

OP Mainnet$786.69

Hyperliquid L1$194.46

Plasma$18.60

Mode$5.09

Fraxtal$1.74

Fees 7d$59,025

Ethereum$29,894

Polygon$12,292

Base$8,448

Monad$3,953

Arbitrum$3,738

Gnosis$294.75

OP Mainnet$194.09

Avalanche$169.63

Hyperliquid L1$33.76

Plasma$5.07

Mode$4.22

Fraxtal$0.42

Fees 24h$11,467

Ethereum$7,926

Polygon$1,675

Base$1,037

Monad$483

Arbitrum$232

Gnosis$79.10

OP Mainnet$24.96

Avalanche$9.04

Plasma$0.34

Mode$0.27

Hyperliquid L1$0.19

Fraxtal$0.03

Cumulative Fees$301.64m

Ethereum$279.06m

Polygon$7.07m

Arbitrum$5.01m

Base$4.33m

Gnosis$2.75m

Plasma$1.36m

Avalanche$924,315

OP Mainnet$858,705

Monad$191,388

Hyperliquid L1$60,770

Mode$22,678

Fraxtal$5,208

Polygon zkEVM$7

Revenue 30d$78,376
Revenue 30d by chain

Ethereum$32,088

Polygon$27,721

Base$10,579

Arbitrum$3,726

Monad$3,302

Gnosis$516.25

Avalanche$253.20

OP Mainnet$155.67

Hyperliquid L1$27.70

Plasma$3.10

Mode$2.55

Fraxtal$0.87

Revenue 7d$23,945

Ethereum$11,704

Polygon$6,148

Base$3,973

Arbitrum$1,213

Monad$642

Gnosis$144.77

Avalanche$69.37

OP Mainnet$39.74

Hyperliquid L1$6.59

Mode$2.11

Plasma$1.03

Fraxtal$0.20

Revenue 24h$4,980

Ethereum$3,450

Polygon$838

Base$482

Monad$82

Arbitrum$80

Gnosis$39.25

OP Mainnet$5

Avalanche$3.20

Mode$0.13

Plasma$0.08

Hyperliquid L1$0.04

Fraxtal$0.02

Cumulative Revenue$64.56m

Ethereum$54.59m

Polygon$3.53m

Arbitrum$2.17m

Base$1.8m

Gnosis$1.28m

Plasma$459,751

OP Mainnet$390,621

Avalanche$289,385

Monad$23,879

Hyperliquid L1$16,710

Mode$11,342

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$39.88m

Ethereum$33.53m

Polygon$2.1m

Arbitrum$1.34m

Base$1.27m

Gnosis$800,034

Plasma$378,885

OP Mainnet$243,490

Avalanche$198,280

Hyperliquid L1$11,490

Mode$6,967

Monad$3,535

Fraxtal$1,602

Incentives 1y$1.27m

$10.11

$0

$0

$416.5m

Earnings (Annualized)$1.72m

$78,366

$23,945

$4,980

-$351.95m

DEX Volume 30d$287.31m
DEX Volume 30d by chain

Polygon$101.05m

Monad$100.37m

Ethereum$51.85m

Base$21.64m

Arbitrum$9.64m

Avalanche$1.23m

Gnosis$533,547

OP Mainnet$514,001

Hyperliquid L1$456,566

Plasma$21,922

Fraxtal$3,357

Mode$1,989

DEX Volume 7d$58.9m

Polygon$18.3m

Monad$15.65m

Ethereum$12.59m

Base$8.7m

Arbitrum$3.08m

Avalanche$235,169

Gnosis$133,386

OP Mainnet$102,006

Hyperliquid L1$99,483

Plasma$2,942

Mode$1,635

Fraxtal$808

DEX Volume 24h$6.86m

Polygon$2.73m

Ethereum$2.17m

Base$991,248

Monad$545,981

Arbitrum$377,261

Gnosis$24,646

OP Mainnet$14,453

Avalanche$8,020

Hyperliquid L1$239

Mode$109

Plasma$86

Fraxtal$64

Cumulative DEX Volume$133.463b

Ethereum$109.918b

Polygon$8.358b

Arbitrum$7.56b

Gnosis$2.989b

Base$2.378b

Plasma$924.7m

Avalanche$647.79m

Monad$554m

Hyperliquid L1$35.72m

OP Mainnet$32.08m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$9.6m

$BAL Price$0.14

All Time High$74.45

All Time Low$0.086

View $BAL token page

$9.95m

$9.95m

$BAL Volume 24h$1.88m

CEX Volume$1.46m

DEX Volume$207,776(11.06% of total)

Treasury$13.16m

$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.

WebsiteGitHubX/TwitterSafe Harbor Agreement
Category:Dexs
Products:

Yields

Pools Tracked260

Average Supply APY6.41%

User Activity

Active Addresses (24h)29

New Addresses (24h)5

Transactions (24h)167

Gas Used (24h)9.76 ETH

Gas Cost (24h)$5.71

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Balancer V1 - All swap fees collected from trades across Balancer V1 poolsView code on GitHubBalancer V2 - All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V3 - Fees earned from all the trades and yields.View code on GitHub

Revenue:

Balancer V1 - Balancer V1 takes no protocol fee, so protocol revenue is zeroView code on GitHubBalancer V2 - Balancer V2 protocol collects 50% swap fees as revenue.View code on GitHubBalancer V3 - Revenue earned by the protocol and holders, which is 25% ( 50 % before 2026-04-23 ) of the trade fees and 10% of the yield capture.View code on GitHub

Holders Revenue:

Balancer V1 - Money going to governance token holdersView code on GitHubBalancer V2 - Share of revenue to veBAL holders (None after 2026-04-23)View code on GitHubBalancer V3 - Portion of protocol revenue distributed to token holders (e.g., veBAL/BAL) (82.5 % of revenue before 2026-04-23, 0 % of revenue after )View code on GitHub

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

Curve DEX ($1.309b)Uniswap V3 ($1.682b)WOOFi Swap ($3.54m)SushiSwap V3 ($45.49m)SushiSwap ($41.24m)Wombat Exchange ($1.06m)Gyroscope Protocol ($432,889)Archly V2 ($1,208)Uniswap V4 ($1.246b)Uniswap V2 ($1.048b)

Frequently Asked Questions

What is Balancer's TVL?

Balancer currently has $58.67m in total value locked. TVL has decreased 8.9% 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 77%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $205,698 in fees. Of that, $78,376 was protocol revenue. Based on the trailing year, the annualized rate is $8.77m in fees and $2.98m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.14. Its circulating market capitalization is $9.67m, ranking it #1,608. Its fully diluted valuation is $10.02m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is up 20.1% over the past 7 days and up 19% 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 #24 by TVL. The category holds $14.907b across 1,927 protocols, and Balancer accounts for 0.4% 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 $287.31m 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.