Ask about Balancer · freeTotal Value Locked$39.46m
TVL by Chain
Ethereum$29.65m
Monad$3.66m
Polygon$2.42m
Arbitrum$1.76m
Base$740,806
Hyperliquid L1$424,375
OP Mainnet$334,284
Gnosis$265,094
Avalanche$154,376
Plasma$27,285
Mode$18,275
Fraxtal$11,478
Polygon zkEVM$0
Key Metrics
Fees 30d$148,146
Fees 30d by chain
Ethereum$83,229
Polygon$30,581
Monad$14,481
Base$9,048
Arbitrum$8,235
OP Mainnet$994.55
Gnosis$853.69
Avalanche$596.46
Hyperliquid L1$105.07
Plasma$12.59
Mode$6.91
Fraxtal$1.85
Fees 7d$17,359
Ethereum$9,998
Monad$2,230
Polygon$1,699
Base$1,524
Arbitrum$1,299
OP Mainnet$345.43
Gnosis$146.94
Hyperliquid L1$64.89
Avalanche$48.40
Plasma$2.43
Mode$0.94
Fraxtal$0.40
Fees 24h$1,984
Ethereum$972.11
Monad$419
Arbitrum$154
Base$147
Polygon$147
OP Mainnet$117
Gnosis$16.65
Avalanche$6.13
Hyperliquid L1$4.61
Plasma$0.10
Mode$0.04
Fraxtal$0.03
Cumulative Fees$301.78m
Ethereum$279.13m
Polygon$7.1m
Arbitrum$5.01m
Base$4.34m
Gnosis$2.75m
Plasma$1.36m
Avalanche$924,903
OP Mainnet$859,674
Monad$205,386
Hyperliquid L1$60,875
Mode$22,684
Fraxtal$5,210
Polygon zkEVM$7
Revenue 30d$54,820
Revenue 30d by chain
Ethereum$29,760
Polygon$15,290
Base$3,615
Arbitrum$2,883
Monad$2,376
Gnosis$420.67
OP Mainnet$246.99
Avalanche$195.11
Hyperliquid L1$25.41
Mode$3.45
Plasma$1.73
Fraxtal$0.91
Revenue 7d$5,182
Ethereum$2,848
Polygon$849
Base$549.86
Arbitrum$410.83
Monad$311
OP Mainnet$108.65
Gnosis$72.90
Hyperliquid L1$16.36
Avalanche$14.46
Mode$0.46
Plasma$0.37
Fraxtal$0.20
Revenue 24h$565
Ethereum$293
Polygon$74
Monad$57
Arbitrum$50
Base$48
OP Mainnet$31.18
Gnosis$8.01
Avalanche$2.07
Hyperliquid L1$1.15
Mode$0.02
Fraxtal$0.01
Plasma$0.01
Cumulative Revenue$64.61m
Ethereum$54.61m
Polygon$3.55m
Arbitrum$2.17m
Base$1.8m
Gnosis$1.28m
Plasma$459,753
OP Mainnet$390,863
Avalanche$289,577
Monad$26,173
Hyperliquid L1$16,735
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$900,060
Incentives 30d$36.96
Incentives 7d$11.05
Incentives 24h$0
Cumulative Incentives$416.5m
Earnings (Annualized)$985,208
Earnings 30d$54,783
Earnings 7d$5,171
Earnings 24h$565
Cumulative Earnings-$351.9m
DEX Volume 30d$154.33m
DEX Volume 30d by chain
Polygon$50.18m
Monad$42.17m
Ethereum$38.74m
Arbitrum$12.64m
Base$8.25m
Gnosis$1.05m
OP Mainnet$863,143
Avalanche$341,384
Hyperliquid L1$79,146
Plasma$8,051
Fraxtal$3,527
Mode$2,809
DEX Volume 7d$15.77m
Ethereum$4.81m
Monad$3.63m
Arbitrum$3.23m
Base$1.57m
Polygon$1.34m
Gnosis$683,985
OP Mainnet$393,325
Avalanche$47,130
Hyperliquid L1$46,045
Plasma$3,187
Fraxtal$775
Mode$377.18
DEX Volume 24h$1.68m
Ethereum$605,189
Monad$467,781
OP Mainnet$229,857
Arbitrum$139,128
Polygon$118,822
Base$100,140
Gnosis$9,418
Avalanche$3,877
Hyperliquid L1$962
Plasma$73
Fraxtal$58
Mode$14
Cumulative DEX Volume$133.61b
Ethereum$109.954b
Polygon$8.406b
Arbitrum$7.572b
Gnosis$2.99b
Base$2.386b
Plasma$924.7m
Avalanche$648.12m
Monad$595.62m
Hyperliquid L1$35.8m
OP Mainnet$32.93m
Fraxtal$28.79m
Polygon zkEVM$26.03m
Mode$11.21m
Market Cap$8.4m
$BAL Price$0.12
Fully Diluted Valuation$8.71m
Outstanding FDV$8.71m
$BAL Volume 24h$284,599
CEX Volume$273,680
DEX Volume$15,389(5.41% of total)
Treasury$9.03m
Majors$1.77m
Stablecoins$3.26m
Own Tokens$439,606
Others$3.55m
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 V3Dexs
- Balancer V2Dexs
- Balancer V1Dexs
- Balancer CoW AMMDexs
Yields
Pools Tracked146
Average Supply APY3.07%
User Activity
Active Addresses (24h)45
New Addresses (24h)2
Transactions (24h)190
Gas Used (24h)11 ETH
Gas Cost (24h)$3.77
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 27, 2026.
All-time high TVL: $3.315b on Nov 5, 2021. All-time low TVL: $98 on Mar 13, 2020.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $58.86m |
| Sep 29, 2026 | $58.33m |
| Sep 30, 2026 | $58.33m |
| 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 |
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 27, 2026 (latest) | $39.63m |
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) | $110,574 | $39,390 | $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 27, 2026, Balancer has $39.46m in total value locked. TVL has decreased 33.2% 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 75.1%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $148,146 in fees. Of that, $54,820 was protocol revenue. Based on the trailing year, the annualized rate is $5.81m in fees and $1.89m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.44m, ranking it #1,602. Its fully diluted valuation is $8.75m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is up 2.9% over the past 7 days and down 16.8% 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 #31 by TVL. The category holds $13.449b across 1,920 protocols, and Balancer accounts for 0.3% of that total. Similar 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 $154.33m in DEX volume over the past 30 days.
Does Balancer have a treasury?
Balancer has a tracked treasury currently valued at $9.03m. Its holdings include $3.26m in stablecoins, $1.77m in major assets, $439,606 in its own tokens, $3.55m 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.