Ask about Balancer · freeTotal Value Locked$40.48m
TVL by Chain
Ethereum$30.49m
Monad$3.65m
Polygon$2.4m
Arbitrum$1.78m
Base$916,452
Hyperliquid L1$424,180
OP Mainnet$341,039
Gnosis$270,514
Avalanche$155,606
Plasma$27,747
Mode$18,585
Fraxtal$10,072
Polygon zkEVM$0
Key Metrics
Fees 30d$160,294
Fees 30d by chain
Ethereum$90,494
Polygon$33,083
Monad$14,982
Base$10,638
Arbitrum$8,614
OP Mainnet$894.19
Gnosis$846.84
Avalanche$616.86
Hyperliquid L1$102.56
Plasma$13.08
Mode$7.49
Fraxtal$1.87
Fees 7d$20,010
Ethereum$11,697
Monad$2,398
Polygon$2,283
Base$1,582
Arbitrum$1,497
OP Mainnet$290.05
Gnosis$150.03
Avalanche$56.09
Hyperliquid L1$52.47
Plasma$2.80
Mode$1.28
Fraxtal$0.45
Fees 24h$3,437
Ethereum$2,371
Base$345
Monad$284
Arbitrum$181
Polygon$168
OP Mainnet$35
Hyperliquid L1$27
Gnosis$20.46
Avalanche$5.09
Mode$0.34
Plasma$0.10
Fraxtal$0.04
Cumulative Fees$301.77m
Ethereum$279.13m
Polygon$7.1m
Arbitrum$5.01m
Base$4.34m
Gnosis$2.75m
Plasma$1.36m
Avalanche$924,895
OP Mainnet$859,559
Monad$205,057
Hyperliquid L1$60,895
Mode$22,684
Fraxtal$5,210
Polygon zkEVM$7
Revenue 30d$60,215
Revenue 30d by chain
Ethereum$32,932
Polygon$16,541
Base$4,399
Arbitrum$3,017
Monad$2,459
Gnosis$416.31
OP Mainnet$214.94
Avalanche$204.90
Hyperliquid L1$22.87
Mode$3.74
Plasma$1.91
Fraxtal$0.92
Revenue 7d$6,282
Ethereum$3,568
Polygon$1,140
Base$575.43
Arbitrum$471.83
Monad$334
OP Mainnet$88.72
Gnosis$73.93
Avalanche$15.31
Hyperliquid L1$13.13
Mode$0.63
Plasma$0.41
Fraxtal$0.23
Revenue 24h$869
Ethereum$561
Base$93
Polygon$84
Arbitrum$58
Monad$42
OP Mainnet$12.52
Gnosis$10.10
Hyperliquid L1$6.87
Avalanche$1.52
Mode$0.17
Fraxtal$0.02
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$390,833
Avalanche$289,574
Monad$26,129
Hyperliquid L1$16,740
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$916,615
Incentives 30d$25.91
Incentives 7d$0.15
Incentives 24h$0
Cumulative Incentives$416.5m
Earnings (Annualized)$1.02m
Earnings 30d$60,189
Earnings 7d$6,282
Earnings 24h$869
Cumulative Earnings-$351.9m
DEX Volume 30d$162.91m
DEX Volume 30d by chain
Polygon$53.95m
Monad$43.31m
Ethereum$40.8m
Arbitrum$12.88m
Base$9.82m
Gnosis$1.05m
OP Mainnet$628,206
Avalanche$378,465
Hyperliquid L1$77,408
Plasma$7,961
Fraxtal$3,570
Mode$3,044
DEX Volume 7d$19.38m
Ethereum$5.42m
Monad$5.34m
Arbitrum$4.24m
Base$1.79m
Polygon$1.57m
Gnosis$692,656
OP Mainnet$225,797
Avalanche$64,257
Hyperliquid L1$43,698
Plasma$3,394
Fraxtal$878
Mode$501.18
DEX Volume 24h$2.13m
Arbitrum$907,649
Ethereum$624,612
Monad$327,395
Polygon$123,250
Base$107,950
OP Mainnet$16,361
Gnosis$9,858
Hyperliquid L1$7,914
Avalanche$2,045
Mode$134
Fraxtal$86
Plasma$13
Cumulative DEX Volume$133.61b
Ethereum$109.954b
Polygon$8.405b
Arbitrum$7.573b
Gnosis$2.99b
Base$2.386b
Plasma$924.7m
Avalanche$648.12m
Monad$595.13m
Hyperliquid L1$35.8m
OP Mainnet$32.69m
Fraxtal$28.79m
Polygon zkEVM$26.03m
Mode$11.21m
Market Cap$8.37m
$BAL Price$0.12
Fully Diluted Valuation$8.67m
Outstanding FDV$8.67m
$BAL Volume 24h$197,044
CEX Volume$191,263
DEX Volume$5,359(2.72% of total)
Treasury$9.37m
Majors$1.82m
Stablecoins$3.26m
Own Tokens$453,559
Others$3.83m
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 Tracked145
Average Supply APY9.25%
User Activity
Active Addresses (24h)38
New Addresses (24h)3
Transactions (24h)163
Gas Used (24h)11 ETH
Gas Cost (24h)$3.85
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 25, 2026.
All-time high TVL: $3.315b on Nov 5, 2021. All-time low TVL: $98 on Mar 13, 2020.
Daily TVL, Sep 26, 2026 to Oct 25, 2026
| Date | TVL |
|---|---|
| Sep 26, 2026 | $57.85m |
| Sep 27, 2026 | $59.05m |
| 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 |
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 25, 2026 (latest) | $40.51m |
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) | $108,275 | $38,679 | $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 25, 2026, Balancer has $40.48m in total value locked. TVL has decreased 30.4% 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 75.3%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $160,294 in fees. Of that, $60,215 was protocol revenue. Based on the trailing year, the annualized rate is $5.96m in fees and $1.93m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.37m, ranking it #1,597. Its fully diluted valuation is $8.67m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is down 1.1% over the past 7 days and down 0.6% 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 #31 by TVL. The category holds $13.839b across 1,918 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 $162.91m in DEX volume over the past 30 days.
Does Balancer have a treasury?
Balancer has a tracked treasury currently valued at $9.37m. Its holdings include $3.26m in stablecoins, $1.82m in major assets, $453,559 in its own tokens, $3.83m 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.