Ask about Balancer

Logo of BalancerBalancer(BAL)

Total Value Locked$58.06m

TVL by Chain

Ethereum$44.66m

Monad$4.76m

Polygon$3.59m

Arbitrum$2.13m

Base$1.35m

Hyperliquid L1$603,452

OP Mainnet$409,650

Gnosis$322,440

Avalanche$174,045

Plasma$34,892

Mode$19,126

Fraxtal$10,523

Polygon zkEVM$0

Key Metrics

Fees 30d$206,170.68
Fees 30d by chain

Ethereum$92,806.68

Polygon$53,154

Monad$24,821

Base$21,608.04

Arbitrum$11,003

Gnosis$1,000.55

Avalanche$797.97

OP Mainnet$764.47

Hyperliquid L1$185.23

Plasma$19.62

Mode$4.32

Fraxtal$1.75

Fees 7d$51,937

Ethereum$21,006

Polygon$14,280

Base$8,185

Monad$4,085

Arbitrum$3,629

Avalanche$266.37

Gnosis$256.45

OP Mainnet$195.22

Hyperliquid L1$25.73

Plasma$5.15

Mode$3.43

Fraxtal$0.45

Fees 24h$6,454

Ethereum$3,113

Polygon$1,267

Base$1,032

Monad$555

Arbitrum$429

OP Mainnet$23.22

Avalanche$19.4

Gnosis$14.71

Plasma$0.74

Hyperliquid L1$0.1

Fraxtal$0.07

Mode$0.06

Cumulative Fees$301.62m

Ethereum$279.05m

Polygon$7.07m

Arbitrum$5.01m

Base$4.33m

Gnosis$2.75m

Plasma$1.36m

Avalanche$924,309.53

OP Mainnet$858,679.78

Monad$190,934.74

Hyperliquid L1$60,758.31

Mode$22,676.74

Fraxtal$5,208.3

Polygon zkEVM$7

Revenue 30d$72,015
Revenue 30d by chain

Ethereum$27,317

Polygon$26,579

Base$9,764.88

Arbitrum$3,969

Monad$3,472

Gnosis$480.27

Avalanche$248.33

OP Mainnet$151.59

Hyperliquid L1$27.15

Plasma$3.23

Mode$2.17

Fraxtal$0.87

Revenue 7d$20,646

Ethereum$7,536

Polygon$7,141

Base$3,837

Arbitrum$1,184

Monad$657

Gnosis$125.63

Avalanche$115.69

OP Mainnet$41.07

Hyperliquid L1$6.36

Mode$1.72

Plasma$0.98

Fraxtal$0.21

Revenue 24h$2,549

Ethereum$1,180

Polygon$634

Base$481

Arbitrum$144

Monad$90

Avalanche$7.89

Gnosis$7.31

OP Mainnet$4.49

Plasma$0.17

Fraxtal$0.03

Mode$0.03

Hyperliquid L1$0.01

Cumulative Revenue$64.55m

Ethereum$54.58m

Polygon$3.53m

Arbitrum$2.17m

Base$1.8m

Gnosis$1.28m

Plasma$459,751.19

OP Mainnet$390,616.5

Avalanche$289,382.72

Monad$23,813.49

Hyperliquid L1$16,708.57

Mode$11,341.57

Fraxtal$2,604.7

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$800,033.65

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$1.28m

$10.11

$0.16

$0

$416.5m

Earnings (Annualized)$1.8m

$72,004.89

$20,645.84

$2,549

-$351.95m

DEX Volume 30d$303.92m
DEX Volume 30d by chain

Monad$115.9m

Polygon$97.56m

Ethereum$58.02m

Base$20.02m

Arbitrum$9.51m

Avalanche$1.35m

Gnosis$542,758

OP Mainnet$509,692

Hyperliquid L1$470,740

Plasma$27,757

Fraxtal$3,360

Mode$1,669.75

DEX Volume 7d$62.97m

Polygon$22.93m

Monad$16.29m

Ethereum$11.65m

Base$8.53m

Arbitrum$2.88m

Avalanche$296,415

Hyperliquid L1$156,560

Gnosis$123,299

OP Mainnet$102,113

Plasma$3,075

Mode$1,316.17

Fraxtal$855

DEX Volume 24h$5.91m

Polygon$1.79m

Ethereum$1.53m

Monad$1.18m

Base$1.01m

Arbitrum$353,640

Avalanche$24,851

OP Mainnet$10,313

Gnosis$9,293

Hyperliquid L1$594

Fraxtal$127

Plasma$105

Mode$26

Cumulative DEX Volume$133.457b

Ethereum$109.916b

Polygon$8.355b

Arbitrum$7.56b

Gnosis$2.988b

Base$2.378b

Plasma$924.7m

Avalanche$647.79m

Monad$553.98m

Hyperliquid L1$35.72m

OP Mainnet$32.06m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$8.45m

$BAL Price$0.12

All Time High$74.45

All Time Low$0.086

View $BAL token page

$8.76m

$8.76m

$BAL Volume 24h$227,652

CEX Volume$197,213.15

DEX Volume$35,825.75(15.74% of total)

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.

WebsiteGitHubX/TwitterSafe Harbor Agreement
Category:Dexs
Products:

Yields

Pools Tracked233

Average Supply APY5.66%

User Activity

Active Addresses (24h)33

New Addresses (24h)2

Transactions (24h)368

Gas Used (24h)24.01 ETH

Gas Cost (24h)$20.88

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 ($1.308b)Uniswap V3 ($1.677b)WOOFi Swap ($3.61m)SushiSwap V3 ($45.86m)SushiSwap ($41.39m)Wombat Exchange ($1.06m)Gyroscope Protocol ($433,268.65)Archly V2 ($1,207.81)Uniswap V4 ($1.25b)Uniswap V2 ($1.077b)

Frequently Asked Questions

What is Balancer's TVL?

Balancer currently has $58.06m in total value locked. TVL has decreased 11.9% 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 76.9%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $206,170.68 in fees. Of that, $72,015 was protocol revenue. Based on the trailing year, the annualized rate is $8.99m in fees and $3.07m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.12. Its circulating market capitalization is $8.45m, ranking it #1,704. Its fully diluted valuation is $8.76m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is up 3.3% over the past 7 days and up 1.5% 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 $14.879b 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 $303.92m 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 4 recorded security incidents. The most recent incident occurred on Aug 30, 2026 and involved $234,000. It was classified as Token & Share Accounting.