Ask about Balancer
Logo of BalancerBalancer(BAL)
Total Value Locked$58.52m

TVL by Chain

Ethereum$38.72m

Monad$10.09m

Polygon$3.66m

Arbitrum$2.07m

Base$1.29m

Hyperliquid L1$1.18m

Avalanche$819,534

Gnosis$346,236

OP Mainnet$299,210

Plasma$36,124

Fraxtal$9,689

Mode$1,398

Polygon zkEVM$0

Key Metrics

Fees (Annualized)$10.89m
Fees 30d$249,004

Ethereum$122,694

Polygon$64,396

Base$22,847.05

Monad$15,992

Arbitrum$9,506

Hyperliquid L1$9,185.62

Avalanche$1,898.26

Plasma$1,213

Gnosis$717.37

OP Mainnet$552.18

Fraxtal$2.36

Mode$1.03

Fees 7d$35,515

Ethereum$14,599

Polygon$8,868

Hyperliquid L1$3,741.34

Monad$3,531

Base$2,253.05

Arbitrum$1,735

Avalanche$322.16

Plasma$249

OP Mainnet$129.9

Gnosis$85.02

Fraxtal$0.64

Mode$0.21

Fees 24h$2,932

Ethereum$1,678

Monad$467

Polygon$453

Arbitrum$145

Base$78.89

Avalanche$44.41

Plasma$34

OP Mainnet$21.5

Gnosis$9.23

Hyperliquid L1$0.81

Fraxtal$0.01

Mode$0.01

Cumulative Fees$298.32m

Ethereum$278.11m

Polygon$7.01m

Arbitrum$4.49m

Base$3.3m

Gnosis$2.67m

Plasma$1.16m

OP Mainnet$785,091.48

Avalanche$590,692.66

Monad$156,413

Hyperliquid L1$44,714.25

Mode$22,670.84

Fraxtal$5,205.56

Polygon zkEVM$7

Revenue (Annualized)$4.12m
Revenue 30d$98,353

Ethereum$48,161

Polygon$32,198

Base$9,951.25

Arbitrum$2,868

Hyperliquid L1$2,297.49

Monad$1,996

Gnosis$333.23

Avalanche$313.26

Plasma$142.84

OP Mainnet$89.1

Fraxtal$1.18

Mode$0.53

Revenue 7d$12,454

Ethereum$5,136

Polygon$4,435

Hyperliquid L1$935.67

Base$902.27

Arbitrum$517

Monad$406

Gnosis$38.17

Avalanche$37.85

Plasma$26.47

OP Mainnet$18.74

Fraxtal$0.31

Mode$0.11

Revenue 24h$771

Ethereum$427

Polygon$227

Monad$53

Arbitrum$36

Base$12.26

Avalanche$5.15

Gnosis$3.97

Plasma$3.39

OP Mainnet$3.17

Hyperliquid L1$0.2

Fraxtal$0.01

Mode$0.01

Cumulative Revenue$63.86m

Ethereum$54.36m

Polygon$3.5m

Arbitrum$2.14m

Base$1.49m

Gnosis$1.26m

Plasma$450,914.72

OP Mainnet$380,733.82

Avalanche$240,049.99

Monad$18,412

Hyperliquid L1$15,943.63

Mode$11,338.61

Fraxtal$2,603.33

Polygon zkEVM$277

Holders Revenue (Annualized)$1.61m
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$38.22m

Ethereum$33.16m

Polygon$2.1m

Arbitrum$1.23m

Gnosis$752,652.85

Base$587,398.42

OP Mainnet$230,690.14

Avalanche$111,818.06

Plasma$29,821

Mode$6,967.25

Monad$3,496

Hyperliquid L1$2,765

Fraxtal$1,602.01

Incentives 1y$2.03m

$155.17

$0

$0

$416.5m

Earnings (Annualized)$2.09m

$98,197.83

$12,454

$771

-$352.64m

DEX Volume 30d$300.15m
DEX Volume 30d by chain

Polygon$109.48m

Monad$86.77m

Ethereum$70.48m

Base$22.21m

Arbitrum$7.81m

Hyperliquid L1$935,499

Plasma$773,511.17

Gnosis$760,719

Avalanche$500,754.6

OP Mainnet$419,960

Fraxtal$4,371

Mode$422.37

DEX Volume 7d$50.06m

Monad$19.61m

Polygon$16.16m

Ethereum$10.72m

Arbitrum$1.47m

Base$1.37m

Hyperliquid L1$379,816

Gnosis$108,774

OP Mainnet$100,773

Avalanche$99,441.4

Plasma$44,337.17

Fraxtal$1,228

Mode$88.78

DEX Volume 24h$6.25m

Monad$5m

Ethereum$683,968

Polygon$411,742

Arbitrum$74,436

Base$34,128

OP Mainnet$20,062

Avalanche$17,101

Gnosis$9,926

Hyperliquid L1$2,324

Fraxtal$23

Plasma$13

Mode$5.39

Cumulative DEX Volume$133.037b

Ethereum$109.823b

Polygon$8.249b

Arbitrum$7.546b

Gnosis$2.987b

Base$2.355b

Plasma$924.64m

Avalanche$644.97m

Monad$375.49m

Hyperliquid L1$34.88m

OP Mainnet$31.21m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$7.88m

$BAL Price$0.11

All Time High$74.45

All Time Low$0.086

View $BAL token page

$7.88m

$7.88m

$BAL Volume 24h$248,273

CEX Volume$195,261.86

DEX Volume$69,819.09(28.12% 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 Tracked204

Average Supply APY21.57%

User Activity

Active Addresses (24h)16

New Addresses (24h)1

Transactions (24h)37

Gas Used (24h)3.44 ETH

Gas Cost (24h)$0.64

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 ($1.298b)Uniswap V3 ($1.412b)Balancer V2 ($26.79m)Balancer V3 ($25.68m)WOOFi Swap ($2.29m)PancakeSwap AMM ($1.702b)Uniswap V2 ($798.44m)Uniswap V4 ($779.74m)Fluid DEX ($286.24m)PancakeSwap AMM V3 ($286.08m)

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 $58.52m in total value locked. TVL has decreased 5.7% 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 66.2%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $249,004 in fees. Of that, $98,353 was protocol revenue. Based on the trailing year, the annualized rate is $10.89m in fees and $4.12m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.11. Its circulating market capitalization is $7.88m, ranking it #1,667. Its fully diluted valuation is $7.88m. Supply currently stands at 72.37m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is down 3.7% over the past 7 days and up 15.1% 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 #18 by TVL. The category holds $11.149b across 1,580 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 $300.15m 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.