Ask about Balancer

Logo of BalancerBalancer(BAL)

Total Value Locked$49.73m

TVL by Chain

Ethereum$36.99m

Monad$4.97m

Polygon$2.88m

Arbitrum$2.14m

Base$1.33m

Hyperliquid L1$441,924

OP Mainnet$416,023

Gnosis$324,104

Avalanche$182,668

Plasma$32,549

Mode$19,480

Fraxtal$10,581

Polygon zkEVM$0

Key Metrics

Fees 30d$211,697
Fees 30d by chain

Ethereum$92,593

Polygon$57,187

Base$26,564

Monad$21,861

Arbitrum$10,385

Gnosis$1,204

Avalanche$999.25

OP Mainnet$807.09

Hyperliquid L1$69.35

Plasma$17.59

Mode$5.56

Fraxtal$1.69

Fees 7d$50,752

Ethereum$26,465

Polygon$11,613

Monad$5,646

Base$4,611

Arbitrum$1,679

Avalanche$277.13

Gnosis$246.39

OP Mainnet$204.01

Hyperliquid L1$5.49

Plasma$4.10

Mode$0.97

Fraxtal$0.37

Fees 24h$4,178

Polygon$1,851

Ethereum$1,479

Monad$642

Base$97.38

Arbitrum$62

OP Mainnet$20.37

Gnosis$20.18

Avalanche$5.34

Plasma$0.53

Mode$0.09

Hyperliquid L1$0.05

Fraxtal$0.02

Cumulative Fees$301.69m

Ethereum$279.08m

Polygon$7.09m

Arbitrum$5.01m

Base$4.34m

Gnosis$2.75m

Plasma$1.36m

Avalanche$924,593

OP Mainnet$858,910

Monad$197,054

Hyperliquid L1$60,776

Mode$22,678

Fraxtal$5,209

Polygon zkEVM$7

Revenue 30d$82,519
Revenue 30d by chain

Ethereum$33,518

Polygon$28,594

Base$12,231

Arbitrum$3,687

Monad$3,386

Gnosis$585.85

Avalanche$328.16

OP Mainnet$167.63

Hyperliquid L1$14.25

Mode$2.81

Plasma$2.80

Fraxtal$0.83

Revenue 7d$19,297

Ethereum$9,620

Polygon$5,807

Base$2,057

Monad$1,043

Arbitrum$510.42

Gnosis$120.85

Avalanche$91.44

OP Mainnet$44.85

Hyperliquid L1$1.36

Plasma$0.54

Mode$0.50

Fraxtal$0.18

Revenue 24h$1,364

Polygon$925

Ethereum$293

Monad$100

Base$16.69

Arbitrum$15.42

Gnosis$9.85

OP Mainnet$2.57

Avalanche$1.61

Plasma$0.06

Mode$0.05

Fraxtal$0.01

Hyperliquid L1$0.01

Cumulative Revenue$64.57m

Ethereum$54.6m

Polygon$3.54m

Arbitrum$2.17m

Base$1.8m

Gnosis$1.28m

Plasma$459,752

OP Mainnet$390,666

Avalanche$289,476

Monad$24,927

Hyperliquid L1$16,711

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$1.17m

$11.18

$0.21

$0

$416.5m

Earnings (Annualized)$1.51m

$82,508

$19,297

$1,364

-$351.93m

DEX Volume 30d$258.83m
DEX Volume 30d by chain

Polygon$98.38m

Monad$79.21m

Ethereum$44.12m

Base$25.05m

Arbitrum$9.75m

Avalanche$995,415

Gnosis$498,543

OP Mainnet$469,860

Hyperliquid L1$337,662

Plasma$11,128

Fraxtal$3,244

Mode$2,183

DEX Volume 7d$50.15m

Polygon$18.03m

Monad$13.63m

Ethereum$12.32m

Base$4.13m

Arbitrum$1.69m

Gnosis$125,566

Avalanche$107,329

OP Mainnet$105,703

Hyperliquid L1$18,980

Plasma$1,272

Fraxtal$699

Mode$395.18

DEX Volume 24h$5.64m

Polygon$3.28m

Monad$1.37m

Ethereum$857,943

Arbitrum$74,127

Base$30,080

Avalanche$14,086

OP Mainnet$7,345

Gnosis$7,026

Plasma$445

Fraxtal$51

Hyperliquid L1$51

Mode$32

Cumulative DEX Volume$133.513b

Ethereum$109.93b

Polygon$8.376b

Arbitrum$7.562b

Gnosis$2.989b

Base$2.382b

Plasma$924.7m

Avalanche$647.89m

Monad$567.64m

Hyperliquid L1$35.74m

OP Mainnet$32.18m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$9.3m

$BAL Price$0.13

All Time High$74.45

All Time Low$0.086

View $BAL token page

$9.64m

$9.64m

$BAL Volume 24h$142,957

CEX Volume$129,708

DEX Volume$3,406(2.38% 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 Tracked223

Average Supply APY2.74%

User Activity

Active Addresses (24h)36

New Addresses (24h)5

Transactions (24h)223

Gas Used (24h)4.79 ETH

Gas Cost (24h)$2.14

Methodology

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

Fees:

Balancer V1 - Swap fees paid by traders on the counted swaps, at each pool's own swap feeView 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 ($1.295b)Uniswap V3 ($1.707b)WOOFi Swap ($3.68m)SushiSwap V3 ($46.29m)SushiSwap ($41.96m)Wombat Exchange ($1.07m)Gyroscope Protocol ($438,126)Archly V2 ($1,163)Uniswap V4 ($1.201b)Uniswap V2 ($1.047b)

Frequently Asked Questions

What is Balancer's TVL?

Balancer currently has $49.73m in total value locked. TVL has decreased 23.1% 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 74.4%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $211,697 in fees. Of that, $82,519 was protocol revenue. Based on the trailing year, the annualized rate is $7.97m in fees and $2.68m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.13. Its circulating market capitalization is $9.31m, ranking it #1,634. Its fully diluted valuation is $9.65m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is down 2.7% over the past 7 days and up 21.4% 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 #27 by TVL. The category holds $14.837b across 1,932 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 $258.83m 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.