Ask about Balancer · freeTotal Value Locked$34.66m
TVL by Chain
Ethereum$26.61m
Monad$2.4m
Polygon$2.34m
Arbitrum$1.49m
Base$616,426
Hyperliquid L1$418,916
OP Mainnet$317,307
Gnosis$256,274
Avalanche$149,571
Plasma$26,363
Mode$17,311
Fraxtal$11,370
Polygon zkEVM$0
Key Metrics
Fees 30d$101,729
Fees 30d by chain
Ethereum$63,191
Polygon$15,386
Monad$9,144
Arbitrum$6,824
Base$4,693
Gnosis$1,014
OP Mainnet$992.62
Avalanche$343.66
Hyperliquid L1$119.34
Plasma$11.37
Mode$6.08
Fraxtal$1.97
Fees 7d$17,523
Ethereum$13,342
Polygon$1,481
Monad$778
Base$665.61
Arbitrum$607
Gnosis$394.74
OP Mainnet$215.06
Avalanche$30.34
Hyperliquid L1$4.52
Plasma$3
Fraxtal$0.42
Mode$0.26
Fees 24h$1,670
Ethereum$954
Polygon$371
Monad$104
Arbitrum$84.92
Gnosis$67.74
Base$54.75
OP Mainnet$27.80
Avalanche$4.65
Hyperliquid L1$0.70
Fraxtal$0.07
Mode$0.01
Plasma$0
Cumulative Fees$301.8m
Ethereum$279.15m
Polygon$7.11m
Arbitrum$5.01m
Base$4.34m
Gnosis$2.75m
Plasma$1.36m
Avalanche$924,955
OP Mainnet$859,954
Monad$207,258
Hyperliquid L1$60,901
Mode$22,685
Fraxtal$5,211
Polygon zkEVM$7
Revenue 30d$34,338
Revenue 30d by chain
Ethereum$20,268
Polygon$7,691
Arbitrum$2,514
Base$1,643
Monad$1,307
Gnosis$506.34
OP Mainnet$262.17
Avalanche$112.31
Hyperliquid L1$27.65
Mode$3.01
Plasma$1.48
Fraxtal$0.97
Revenue 7d$4,510
Ethereum$2,961
Polygon$739
Arbitrum$240.17
Base$219.83
Gnosis$198.23
Monad$81.69
OP Mainnet$57.01
Avalanche$12.66
Hyperliquid L1$0.96
Plasma$0.35
Fraxtal$0.20
Mode$0.11
Revenue 24h$596.79
Ethereum$290
Polygon$184
Arbitrum$42.70
Gnosis$33.76
Base$24.76
Monad$11
OP Mainnet$8.29
Avalanche$2.33
Hyperliquid L1$0.18
Fraxtal$0.03
Mode$0
Plasma$0
Cumulative Revenue$64.61m
Ethereum$54.62m
Polygon$3.55m
Arbitrum$2.17m
Base$1.8m
Gnosis$1.28m
Plasma$459,753
OP Mainnet$390,936
Avalanche$289,595
Monad$26,401
Hyperliquid L1$16,740
Mode$11,346
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$753,006
Incentives 30d$38.12
Incentives 7d$5.04
Incentives 24h$0
Cumulative Incentives$416.5m
Earnings (Annualized)$860,743
Earnings 30d$34,300
Earnings 7d$4,505
Earnings 24h$596.79
Cumulative Earnings-$351.89m
DEX Volume 30d$102.45m
DEX Volume 30d by chain
Ethereum$31.6m
Monad$28.74m
Polygon$23.98m
Arbitrum$11.22m
Base$4.49m
Gnosis$1.08m
OP Mainnet$980,452
Avalanche$262,526
Hyperliquid L1$78,267
Plasma$8,051
Fraxtal$3,761
Mode$2,464
DEX Volume 7d$10.76m
Ethereum$5.72m
Monad$2.16m
Polygon$1.5m
Arbitrum$792,577
OP Mainnet$198,534
Base$184,323
Gnosis$158,160
Avalanche$49,807
Hyperliquid L1$5,063
Fraxtal$795
Plasma$549.33
Mode$98.69
DEX Volume 24h$1.56m
Ethereum$555,698
Monad$447,118
Polygon$368,092
Arbitrum$79,144
Avalanche$33,808
OP Mainnet$32,629
Gnosis$26,972
Base$15,230
Hyperliquid L1$1,784
Fraxtal$119
Mode$3.59
Plasma$0
Cumulative DEX Volume$133.63b
Ethereum$109.964b
Polygon$8.408b
Arbitrum$7.574b
Gnosis$2.99b
Base$2.387b
Plasma$924.7m
Avalanche$648.19m
Monad$599.22m
Hyperliquid L1$35.82m
OP Mainnet$33.21m
Fraxtal$28.79m
Polygon zkEVM$26.03m
Mode$11.21m
Market Cap$8.26m
$BAL Price$0.12
Fully Diluted Valuation$8.56m
Outstanding FDV$8.56m
$BAL Volume 24h$245,052
CEX Volume$222,527
DEX Volume$27,247(11.12% of total)
Treasury$11.55m
Majors$1.78m
Stablecoins$5.67m
Own Tokens$452,806
Others$3.65m
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 Tracked131
Average Supply APY3.19%
User Activity
Active Addresses (24h)38
New Addresses (24h)3
Transactions (24h)233
Gas Used (24h)7.32 ETH
Gas Cost (24h)$5.79
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
Balancer V2's boosted pools suffered a $893k-$979k exploit on August 27, 2023 via rate manipulation in linear pools (ERC4626). The attacker manipulated token conversion rates to drain liquidity.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Sep 19, 2023
Protocol: Balancer V2
Amount: $238,000
Classification: Frontend & Infrastructure
Technique: Frontend Compromise
Balancer's DNS was hijacked and redirected users to phishing frontend, stealing ~$238K from users. Smart contracts were unaffected; only DNS infrastructure was compromised.
Chains: Ethereum
Target Type: DeFi Protocol
Date: Nov 3, 2025
Protocol: Balancer V2
Amount: $128m
Classification: Token & Share Accounting
Technique: Rounding Error
On November 3, 2025, Balancer V2's Composable Stable Pools were exploited for $128M via a rounding-down flaw in batchSwap invariant calculation. Minuscule discrepancies in each transaction compounded across rapid successive swaps, gradually deflating pool reserves across chains.
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
An attacker first used swaps to reduce the Balancer V1 BPool’s WBTC reserve to near-dust levels, then exploited rounding in joinswapPoolAmountOut. When the function reverse-calculated the WBTC required to mint a caller-specified amount of BPT, 18-decimal fixed-point arithmetic rounded the required input down to 1 satoshi while still minting the full BPT amount. The attacker minted 4,408.8 BPT through these underpriced joins and exited the pool proportionally to drain DPI, USDC, WETH, and WBTC
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
An attacker exploited a previously disclosed pricing vulnerability in deprecated Balancer V1 pools, extracting approximately $250,000. The attack was financed through flash loans and temporary collateral positions across three Aave V3 lending markets
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 Nov 6, 2026.
All-time high TVL: $3.315b on Nov 5, 2021. All-time low TVL: $98 on Mar 13, 2020.
Daily TVL, Oct 8, 2026 to Nov 6, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 31, 2026 | $36.07m |
| Nov 1, 2026 | $35.73m |
| Nov 2, 2026 | $35.46m |
| Nov 3, 2026 | $34.85m |
| Nov 4, 2026 | $35.77m |
| Nov 5, 2026 | $35.53m |
| Nov 6, 2026 | $33.11m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 31, 2026 | $36.07m |
| Nov 6, 2026 (latest) | $33.11m |
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, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| 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 | $124,448 | $44,102 | $0 |
| Nov 2026 (to date) | $13,719 | $3,424 | $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 Nov 6, 2026, Balancer has $34.66m in total value locked. TVL has decreased 27.9% 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 76.8%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $101,729 in fees. Of that, $34,338 was protocol revenue. Based on the trailing year, the annualized rate is $5.06m in fees and $1.61m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.27m, ranking it #1,665. Its fully diluted valuation is $8.57m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is down 1.8% over the past 7 days and down 8.6% 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 #35 by TVL. The category holds $12.62b across 1,927 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 $102.45m in DEX volume over the past 30 days.
Does Balancer have a treasury?
Balancer has a tracked treasury currently valued at $11.55m. Its holdings include $5.67m in stablecoins, $1.78m in major assets, $452,806 in its own tokens, $3.65m 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.