Ask about Balancer
Logo of BalancerBalancer(BAL)
Total Value Locked$59.08m

TVL by Chain

Ethereum$38.14m

Monad$11.47m

Polygon$3.52m

Arbitrum$2m

Base$1.26m

Hyperliquid L1$1.18m

Avalanche$824,850

Gnosis$335,663

OP Mainnet$292,224

Plasma$35,884

Mode$14,229

Fraxtal$9,671

Polygon zkEVM$0

Key Metrics

Fees (Annualized)$11.46m
Fees 30d$219,068

Ethereum$113,260

Polygon$55,749

Base$20,509.57

Monad$14,955

Arbitrum$8,332

Hyperliquid L1$3,245.88

Plasma$983.9

Avalanche$763.43

Gnosis$704.21

OP Mainnet$564.99

Fraxtal$2.16

Mode$1.03

Fees 7d$20,761

Ethereum$11,280

Monad$3,549

Polygon$3,326

Arbitrum$1,338

Base$764.57

Plasma$180.94

OP Mainnet$131.61

Gnosis$102.84

Avalanche$73.54

Hyperliquid L1$15.08

Fraxtal$0.21

Mode$0.18

Fees 24h$3,550

Ethereum$2,295

Monad$675

Polygon$286

Base$116

Arbitrum$110

Avalanche$32.31

OP Mainnet$16.77

Gnosis$16.4

Hyperliquid L1$2.08

Plasma$0.8

Fraxtal$0.03

Mode$0.02

Cumulative Fees$301.3m

Ethereum$278.87m

Polygon$7.01m

Arbitrum$4.99m

Base$4.31m

Gnosis$2.75m

Plasma$1.36m

Avalanche$922,773.99

OP Mainnet$857,572.27

Monad$153,230.74

Hyperliquid L1$60,550

Mode$22,670.9

Fraxtal$5,205.68

Polygon zkEVM$7

Revenue (Annualized)$4.03m
Revenue 30d$87,844

Ethereum$45,230

Polygon$27,874

Base$8,855.14

Arbitrum$2,526

Monad$1,810

Hyperliquid L1$810.76

Gnosis$333.22

Avalanche$194.22

Plasma$117.29

OP Mainnet$88.74

Fraxtal$1.08

Mode$0.54

Revenue 7d$6,268

Ethereum$3,547

Polygon$1,663

Monad$437

Arbitrum$347

Base$168.69

Gnosis$47.54

OP Mainnet$19.72

Plasma$18.54

Avalanche$15.05

Hyperliquid L1$3.62

Fraxtal$0.1

Mode$0.1

Revenue 24h$1,189

Ethereum$887

Polygon$143

Monad$83

Base$32

Arbitrum$27

Gnosis$7.77

Avalanche$7.02

OP Mainnet$1.97

Hyperliquid L1$0.5

Plasma$0.11

Fraxtal$0.01

Mode$0.01

Cumulative Revenue$64.45m

Ethereum$54.54m

Polygon$3.5m

Arbitrum$2.16m

Base$1.78m

Gnosis$1.28m

Plasma$459,745.7

OP Mainnet$390,401.7

Avalanche$288,941.3

Monad$18,372.49

Hyperliquid L1$16,675.96

Mode$11,338.64

Fraxtal$2,603.38

Polygon zkEVM$277

Holders Revenue (Annualized)$2.61m
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$1.99m

$155.17

$0

$0

$416.5m

Earnings (Annualized)$2.04m

$87,688.83

$6,268

$1,189

-$352.06m

DEX Volume 30d$277.27m
DEX Volume 30d by chain

Polygon$94.87m

Monad$87.44m

Ethereum$65.14m

Base$19.5m

Arbitrum$6.97m

Hyperliquid L1$944,021

Gnosis$785,969

Plasma$739,433.17

Avalanche$479,983.6

OP Mainnet$404,255

Fraxtal$4,136

Mode$425.96

DEX Volume 7d$35.71m

Monad$22.45m

Ethereum$8.78m

Polygon$2.53m

Arbitrum$1.17m

Base$318,502

Gnosis$143,203

Avalanche$135,273

OP Mainnet$101,085

Hyperliquid L1$57,314

Plasma$24,554

Fraxtal$410

Mode$77.98

DEX Volume 24h$6.25m

Monad$4.46m

Ethereum$1.33m

Polygon$242,535

Arbitrum$76,700

Avalanche$50,786

Base$46,032

Hyperliquid L1$19,010

Gnosis$12,840

OP Mainnet$2,417

Plasma$1,023

Fraxtal$52

Mode$7.61

Cumulative DEX Volume$133.06b

Ethereum$109.829b

Polygon$8.25b

Arbitrum$7.546b

Gnosis$2.987b

Base$2.355b

Plasma$924.65m

Avalanche$645.07m

Monad$390.45m

Hyperliquid L1$34.93m

OP Mainnet$31.23m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$7.28m

$BAL Price$0.1

All Time High$74.45

All Time Low$0.086

View $BAL token page

$7.55m

$7.56m

$BAL Volume 24h$325,570

CEX Volume$268,287.3

DEX Volume$57,783.18(17.75% 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

WebsiteGitHubTwitterSafe Harbor Agreement

Yields

Pools Tracked203

Average Supply APY5.57%

User Activity

Active Addresses (24h)17

New Addresses (24h)1

Transactions (24h)72

Gas Used (24h)3.09 ETH

Gas Cost (24h)$0.61

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: Protocol Logic

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Date: Sep 19, 2023

Protocol: Balancer V2

Amount: $238,000

Classification: Protocol Logic

Technique: Frontend Attack

Chains: Ethereum

Target Type: DeFi Protocol

Date: Nov 3, 2025

Protocol: Balancer V2

Amount: $128m

Classification: Protocol Logic

Technique: Composable Stable Pools Exploit

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

Language: Solidity

Target Type: DeFi Protocol

Competitors

Curve DEX ($1.271b)Uniswap V3 ($1.395b)WOOFi Swap ($2.26m)SushiSwap V3 ($39.59m)SushiSwap ($32.87m)PancakeSwap AMM ($1.737b)Uniswap V4 ($806.49m)Uniswap V2 ($796.14m)PancakeSwap AMM V3 ($287.55m)Fluid DEX ($283.76m)

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 $59.08m in total value locked. TVL has decreased 3.1% 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 64.5%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $219,068 in fees. Of that, $87,844 was protocol revenue. Based on the trailing year, the annualized rate is $11.46m in fees and $4.03m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.1. Its circulating market capitalization is $7.31m, ranking it #1,705. Its fully diluted valuation is $7.58m. Supply currently stands at 69.79m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is down 5% over the past 7 days and up 8.5% 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 #17 by TVL. The category holds $11.092b across 1,582 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 $277.27m 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 Protocol Logic.