Ask about Balancer
Logo of BalancerBalancer(BAL)
Total Value Locked$59.24m

TVL by Chain

Ethereum$38.67m

Monad$10.43m

Polygon$3.56m

Arbitrum$2.06m

Base$1.29m

Hyperliquid L1$1.18m

Avalanche$824,728

Plasma$558,533

Gnosis$347,313

OP Mainnet$300,585

Mode$14,352

Fraxtal$9,662

Polygon zkEVM$0

Key Metrics

Fees (Annualized)$10.93m
Fees 30d$255,721

Ethereum$122,526

Polygon$68,697

Base$24,401.09

Monad$16,613

Arbitrum$9,720

Hyperliquid L1$9,190.1

Avalanche$1,995.53

Plasma$1,252

Gnosis$769.47

OP Mainnet$552.23

Fraxtal$1.1

Mode$0.63

Fees 7d$56,146

Ethereum$27,721

Polygon$13,328

Hyperliquid L1$4,445.31

Base$4,149.09

Monad$3,524

Arbitrum$2,150

Avalanche$330.14

Plasma$248

OP Mainnet$149.84

Gnosis$98.4

Fraxtal$0.7

Mode$0.19

Fees 24h$3,657

Ethereum$2,367

Monad$452

Polygon$444

Arbitrum$162

Base$111.09

Avalanche$43.81

Plasma$33

OP Mainnet$29.79

Gnosis$12.32

Hyperliquid L1$1.38

Fraxtal$0.05

Mode$0.05

Cumulative Fees$298.38m

Ethereum$278.24m

Polygon$7m

Arbitrum$4.47m

Base$3.24m

Gnosis$2.66m

Plasma$1.16m

OP Mainnet$784,523.03

Avalanche$590,667.55

Monad$155,334

Hyperliquid L1$44,712.21

Mode$23,900.7

Fraxtal$5,660.12

Polygon zkEVM$11

Revenue (Annualized)$4.14m
Revenue 30d$101,532

Ethereum$48,151

Polygon$34,347

Base$10,701.93

Arbitrum$2,978

Hyperliquid L1$2,297.86

Monad$2,109

Gnosis$359.69

Avalanche$341.61

Plasma$152.88

OP Mainnet$93.27

Fraxtal$0.54

Mode$0.33

Revenue 7d$20,123

Ethereum$9,238

Polygon$6,664

Base$1,835.95

Hyperliquid L1$1,111.41

Arbitrum$725

Monad$409

Gnosis$44.73

Avalanche$42.33

OP Mainnet$27.15

Plasma$27.15

Fraxtal$0.33

Mode$0.1

Revenue 24h$1,096

Ethereum$746

Polygon$222

Monad$51

Arbitrum$38

Base$20.05

Gnosis$5.44

OP Mainnet$5.35

Avalanche$4.76

Plasma$3.34

Hyperliquid L1$0.34

Mode$0.03

Fraxtal$0.02

Cumulative Revenue$63.82m

Ethereum$54.35m

Polygon$3.49m

Arbitrum$2.13m

Base$1.47m

Gnosis$1.26m

Plasma$450,908.88

OP Mainnet$380,468.28

Avalanche$240,072.98

Monad$18,292

Hyperliquid L1$15,943.14

Mode$11,950.36

Fraxtal$2,835.55

Polygon zkEVM$279

Holders Revenue (Annualized)$1.6m
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$38.18m

Ethereum$33.14m

Polygon$2.1m

Arbitrum$1.23m

Gnosis$751,276

Base$571,393

OP Mainnet$230,515

Avalanche$111,776

Plasma$29,821

Mode$7,343

Monad$3,496

Hyperliquid L1$2,765

Fraxtal$1,671

Polygon zkEVM$0

Incentives 1y$2.05m

$155.17

$0.39

$0

$416.5m

Earnings (Annualized)$2.09m

$101,376.83

$20,122.61

$1,096

-$352.69m

DEX Volume 30d$311.1m
DEX Volume 30d by chain

Polygon$117.43m

Monad$84.27m

Ethereum$73.17m

Base$24.28m

Arbitrum$8.08m

Plasma$1.16m

Hyperliquid L1$996,381

Gnosis$742,202

Avalanche$563,601.6

OP Mainnet$398,819

Fraxtal$4,667

Mode$407.98

DEX Volume 7d$63.09m

Polygon$24.78m

Monad$19.77m

Ethereum$13.13m

Base$2.7m

Arbitrum$1.95m

Hyperliquid L1$419,547

OP Mainnet$161,968

Gnosis$106,505

Avalanche$56,764.2

Plasma$22,258.17

Fraxtal$1,325

Mode$79.98

DEX Volume 24h$5.69m

Ethereum$3.07m

Monad$1.96m

Polygon$399,282

Arbitrum$115,771

Base$83,247

OP Mainnet$38,585

Gnosis$15,449

Avalanche$4,724

Hyperliquid L1$3,040

Fraxtal$96

Plasma$80

Mode$23

Cumulative DEX Volume$133.026b

Ethereum$109.822b

Polygon$8.248b

Arbitrum$7.545b

Gnosis$2.987b

Base$2.355b

Plasma$924.63m

Avalanche$644.92m

Monad$367.54m

Hyperliquid L1$34.88m

OP Mainnet$31.17m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$7.83m

$BAL Price$0.11

All Time High$74.45

All Time Low$0.086

View $BAL token page

$7.83m

$7.83m

$BAL Volume 24h$312,340

CEX Volume$232,674.51

DEX Volume$65,975.83(21.12% 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 Tracked215

Average Supply APY20.6%

User Activity

Active Addresses (24h)23

New Addresses (24h)2

Transactions (24h)52

Gas Used (24h)4.83 ETH

Gas Cost (24h)$3.41

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 ($1.287b)Uniswap V3 ($1.423b)Balancer V3 ($26.57m)Balancer V2 ($26.33m)WOOFi Swap ($2.28m)PancakeSwap AMM ($1.721b)Uniswap V4 ($828.65m)Uniswap V2 ($783.94m)PancakeSwap AMM V3 ($289.76m)Fluid DEX ($285.81m)

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 $59.24m in total value locked. TVL has decreased 0.1% 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 65.3%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $255,721 in fees. Of that, $101,532 was protocol revenue. Based on the trailing year, the annualized rate is $10.93m in fees and $4.14m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.11. Its circulating market capitalization is $7.83m, ranking it #1,671. Its fully diluted valuation is $7.83m. Supply currently stands at 72.37m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is up 5.1% over the past 7 days and up 18.2% 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 $11.131b 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 $311.1m 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.