Ask about Balancer · freeTotal Value Locked$35.97m
TVL by Chain
Ethereum$27.32m
Monad$2.82m
Polygon$2.34m
Arbitrum$1.58m
Base$671,340
Hyperliquid L1$434,750
OP Mainnet$332,679
Gnosis$256,616
Avalanche$151,191
Plasma$27,448
Mode$17,678
Fraxtal$11,358
Polygon zkEVM$0
Key Metrics
Fees 30d$124,977
Fees 30d by chain
Ethereum$71,621
Polygon$25,149
Monad$13,160
Arbitrum$7,669
Base$5,013
OP Mainnet$975.64
Gnosis$796.18
Avalanche$446.94
Hyperliquid L1$125.28
Plasma$11.53
Mode$6.65
Fraxtal$1.86
Fees 7d$19,443
Ethereum$12,529
Monad$2,355
Base$1,675
Polygon$1,294
Arbitrum$978
OP Mainnet$272.67
Gnosis$221.05
Hyperliquid L1$70.64
Avalanche$45.14
Plasma$1.78
Mode$0.74
Fraxtal$0.38
Fees 24h$6,558
Ethereum$5,150
Base$460
Polygon$379
Monad$314
Arbitrum$124
Gnosis$86.57
OP Mainnet$25
Avalanche$13.33
Hyperliquid L1$5.62
Plasma$0.19
Mode$0.18
Fraxtal$0.10
Cumulative Fees$301.79m
Ethereum$279.14m
Polygon$7.1m
Arbitrum$5.01m
Base$4.34m
Gnosis$2.75m
Plasma$1.36m
Avalanche$924,925
OP Mainnet$859,739
Monad$206,480
Hyperliquid L1$60,896
Mode$22,684
Fraxtal$5,210
Polygon zkEVM$7
Revenue 30d$44,692
Revenue 30d by chain
Ethereum$24,865
Polygon$12,574
Arbitrum$2,689
Monad$2,076
Base$1,661
Gnosis$393.58
OP Mainnet$246.44
Avalanche$151.64
Hyperliquid L1$29.28
Mode$3.32
Plasma$1.57
Fraxtal$0.92
Revenue 7d$5,911
Ethereum$3,758
Polygon$648
Base$643.03
Monad$325
Arbitrum$321.14
Gnosis$109.76
OP Mainnet$76.20
Hyperliquid L1$16.69
Avalanche$11.97
Mode$0.37
Plasma$0.22
Fraxtal$0.19
Revenue 24h$2,461
Ethereum$1,907
Base$215.51
Polygon$190
Arbitrum$48.14
Monad$45
Gnosis$43.13
OP Mainnet$7.50
Avalanche$3.38
Hyperliquid L1$1.40
Mode$0.09
Fraxtal$0.05
Plasma$0.04
Cumulative Revenue$64.61m
Ethereum$54.62m
Polygon$3.55m
Arbitrum$2.17m
Base$1.8m
Gnosis$1.28m
Plasma$459,753
OP Mainnet$390,879
Avalanche$289,582
Monad$26,319
Hyperliquid L1$16,739
Mode$11,345
Fraxtal$2,606
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$39.92m
Ethereum$33.56m
Polygon$2.11m
Arbitrum$1.34m
Base$1.27m
Gnosis$800,137
Plasma$378,885
OP Mainnet$243,490
Avalanche$198,450
Hyperliquid L1$11,490
Mode$6,967
Monad$3,535
Fraxtal$1,602
Polygon zkEVM$170.35
Incentives 1y$846,554
Incentives 30d$35.82
Incentives 7d$11.98
Incentives 24h$0
Cumulative Incentives$416.5m
Earnings (Annualized)$961,467
Earnings 30d$44,656
Earnings 7d$5,899
Earnings 24h$2,461
Cumulative Earnings-$351.9m
DEX Volume 30d$136.76m
DEX Volume 30d by chain
Polygon$41.76m
Monad$39.23m
Ethereum$35.75m
Arbitrum$12.55m
Base$5.13m
Gnosis$1.03m
OP Mainnet$895,918
Avalanche$305,835
Hyperliquid L1$91,690
Plasma$8,162
Fraxtal$3,557
Mode$2,703
DEX Volume 7d$16.55m
Ethereum$6.88m
Monad$3.21m
Arbitrum$2.84m
Base$1.95m
Polygon$1.15m
OP Mainnet$375,410
Gnosis$96,007
Avalanche$35,502
Hyperliquid L1$26,467
Plasma$1,512
Fraxtal$737
Mode$296.34
DEX Volume 24h$4.92m
Ethereum$2.68m
Base$839,573
Monad$557,265
Arbitrum$390,182
Polygon$376,996
Gnosis$35,187
Avalanche$14,546
OP Mainnet$13,556
Hyperliquid L1$4,492
Plasma$260
Fraxtal$203
Mode$75
Cumulative DEX Volume$133.619b
Ethereum$109.959b
Polygon$8.406b
Arbitrum$7.573b
Gnosis$2.99b
Base$2.387b
Plasma$924.7m
Avalanche$648.14m
Monad$597.06m
Hyperliquid L1$35.81m
OP Mainnet$33.01m
Fraxtal$28.79m
Polygon zkEVM$26.03m
Mode$11.21m
Market Cap$8.51m
$BAL Price$0.12
Fully Diluted Valuation$8.82m
Outstanding FDV$8.82m
$BAL Volume 24h$502,988
CEX Volume$449,162
DEX Volume$80,354(15.98% of total)
Treasury$9.25m
Majors$1.84m
Stablecoins$3.43m
Own Tokens$465,594
Others$3.52m
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.
- Balancer V2Dexs
- Balancer V3Dexs
- Balancer V1Dexs
- Balancer CoW AMMDexs
Yields
Pools Tracked142
Average Supply APY4.91%
User Activity
Active Addresses (24h)22
New Addresses (24h)3
Transactions (24h)375
Gas Used (24h)21.01 ETH
Gas Cost (24h)$35.17
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
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
Date: Sep 9, 2026
Protocol: Balancer V1
Amount: $250,000
Classification: Protocol Logic
Technique: Swap Logic Flaw
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Balancer history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 29, 2020 to Oct 30, 2026.
All-time high TVL: $3.315b on Nov 5, 2021. All-time low TVL: $98 on Mar 13, 2020.
Daily TVL, Oct 1, 2026 to Oct 30, 2026
| Date | TVL |
|---|---|
| Oct 1, 2026 | $58.21m |
| Oct 2, 2026 | $58.14m |
| Oct 3, 2026 | $58.4m |
| Oct 4, 2026 | $49.39m |
| Oct 5, 2026 | $49.73m |
| Oct 6, 2026 | $49.22m |
| Oct 7, 2026 | $48.09m |
| Oct 8, 2026 | $46.86m |
| Oct 9, 2026 | $45.15m |
| Oct 10, 2026 | $45.34m |
| Oct 11, 2026 | $45.53m |
| Oct 12, 2026 | $45.36m |
| Oct 13, 2026 | $44.81m |
| Oct 14, 2026 | $45.57m |
| Oct 15, 2026 | $43.48m |
| Oct 16, 2026 | $44.25m |
| Oct 17, 2026 | $43.36m |
| Oct 18, 2026 | $43.24m |
| Oct 19, 2026 | $43.58m |
| Oct 20, 2026 | $43.3m |
| Oct 21, 2026 | $43.74m |
| Oct 22, 2026 | $43.53m |
| Oct 23, 2026 | $42.25m |
| Oct 24, 2026 | $40.53m |
| Oct 25, 2026 | $40.51m |
| Oct 26, 2026 | $40m |
| Oct 27, 2026 | $39.63m |
| Oct 28, 2026 | $39.43m |
| Oct 29, 2026 | $37.84m |
| Oct 30, 2026 | $35.94m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.001b |
| Dec 31, 2024 | $1.069b |
| Jan 31, 2025 | $1.045b |
| Feb 28, 2025 | $765.37m |
| Mar 31, 2025 | $649.09m |
| Apr 30, 2025 | $654.82m |
| May 31, 2025 | $778.88m |
| Jun 30, 2025 | $762.7m |
| Jul 31, 2025 | $886.73m |
| Aug 31, 2025 | $949.8m |
| Sep 30, 2025 | $962.54m |
| Oct 31, 2025 | $779.1m |
| Nov 30, 2025 | $255.56m |
| Dec 31, 2025 | $248.52m |
| Jan 31, 2026 | $258.65m |
| Feb 28, 2026 | $173.7m |
| Mar 31, 2026 | $142.16m |
| Apr 30, 2026 | $105.9m |
| May 31, 2026 | $89.69m |
| Jun 30, 2026 | $61.98m |
| Jul 31, 2026 | $62.1m |
| Aug 31, 2026 | $64.11m |
| Sep 30, 2026 | $58.33m |
| Oct 30, 2026 (latest) | $35.94m |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $577.94m |
| Dec 31, 2021 | $2.413b |
| Dec 31, 2022 | $873.82m |
| Dec 31, 2023 | $942.55m |
| Dec 31, 2024 | $1.069b |
| Dec 31, 2025 | $248.52m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $3.33m | $1.65m | $1.01m |
| Dec 2024 | $6.4m | $3.17m | $1.95m |
| Jan 2025 | $3.65m | $1.79m | $1.1m |
| Feb 2025 | $2.62m | $1.25m | $774,990 |
| Mar 2025 | $1.7m | $769,844 | $482,725 |
| Apr 2025 | $1.42m | $632,375 | $406,606 |
| May 2025 | $2.16m | $922,835 | $612,732 |
| Jun 2025 | $1.56m | $587,535 | $379,786 |
| Jul 2025 | $2.01m | $761,736 | $497,038 |
| Aug 2025 | $2.1m | $847,414 | $566,523 |
| Sep 2025 | $2.14m | $775,372 | $564,896 |
| Oct 2025 | $3.1m | $1.13m | $829,074 |
| Nov 2025 | $1.02m | $371,847 | $267,691 |
| Dec 2025 | $608,607 | $210,499 | $146,984 |
| Jan 2026 | $531,336 | $152,428 | $110,405 |
| Feb 2026 | $595,741 | $206,287 | $142,740 |
| Mar 2026 | $377,499 | $105,042 | $74,623 |
| Apr 2026 | $681,502 | $216,365 | $120,752 |
| May 2026 | $560,003 | $151,243 | $0 |
| Jun 2026 | $245,447 | $53,099 | $0 |
| Jul 2026 | $259,253 | $105,712 | $0 |
| Aug 2026 | $203,520 | $56,781 | $0 |
| Sep 2026 | $217,381 | $83,838 | $0 |
| Oct 2026 (to date) | $126,638 | $45,162 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/balancer
Frequently asked questions
What is Balancer's TVL?
As of Oct 30, 2026, Balancer has $35.97m in total value locked. TVL has decreased 38.3% 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 75.9%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $124,977 in fees. Of that, $44,692 was protocol revenue. Based on the trailing year, the annualized rate is $5.58m in fees and $1.81m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.55m, ranking it #1,663. Its fully diluted valuation is $8.86m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is up 1% over the past 7 days and down 8.1% 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 #33 by TVL. The category holds $13.098b across 1,922 protocols, and Balancer accounts for 0.3% of that total. Similar protocols include Curve DEX, Uniswap V3, WOOFi Swap, Uniswap V4, SushiSwap V3, SushiSwap, Wombat Exchange, Gyroscope Protocol, Archly V2, and Uniswap V2.
How much trading volume does Balancer process?
Balancer processed $136.76m in DEX volume over the past 30 days.
Does Balancer have a treasury?
Balancer has a tracked treasury currently valued at $9.25m. Its holdings include $3.43m in stablecoins, $1.84m in major assets, $465,594 in its own tokens, $3.52m in other assets.
Has Balancer ever been exploited?
Balancer has 5 recorded security incidents. The most recent incident occurred on Sep 9, 2026 and involved $250,000. It was classified as Protocol Logic.