Balancer (BAL)
Total Value Locked$818.38m
TVL by Chain
Ethereum$619.92m
Base$58.99m
Gnosis$52m
Arbitrum$35.21m
Avalanche$27.8m
Polygon$16.33m
OP Mainnet$6.99m
Fraxtal$696,252
Polygon zkEVM$294,236
Mode$146,106
Key Metrics
Fees (Annualized)$8.02m
Fees 30d$657,149
Fees 24h$20,744
Cumulative Fees$287.29m
Revenue (Annualized)$3.29m
Revenue 30d$269,923
Revenue 24h$8,189
Cumulative Revenue$36.54m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3.29m
Earnings 30d$269,923
Earnings 24h$8,189
Cumulative Earnings$36.54m
DEX Volume 30d$1.115b
DEX Volume 24h$61.37m
Cumulative DEX Volume$106.661b
Market Cap$67.92m
$BAL Price$1.06
All Time High$74.45
All Time Low$0.76
Fully Diluted Valuation$72.93m
$BAL Volume 24h$7.32m
CEX Volume$6.23m
DEX Volume$1.09m(14.94% of total)
$BAL Liquidity$29.09m
Balancer V2$27.82m
Balancer V2$665,264
Balancer V2$492,275
Balancer V2$67,231
Balancer V2$28,293
Balancer V2$19,952
Treasury$19.14m
Majors$3.65m
Stablecoins$3.92m
Own Tokens$3.16m
Others$8.41m
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
Balancer (BAL)
Total Value Locked$818.38m
TVL by Chain
Ethereum$619.92m
Base$58.99m
Gnosis$52m
Arbitrum$35.21m
Avalanche$27.8m
Polygon$16.33m
OP Mainnet$6.99m
Fraxtal$696,252
Polygon zkEVM$294,236
Mode$146,106
Key Metrics
Fees (Annualized)$8.02m
Fees 30d$657,149
Fees 24h$20,744
Cumulative Fees$287.29m
Revenue (Annualized)$3.29m
Revenue 30d$269,923
Revenue 24h$8,189
Cumulative Revenue$36.54m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3.29m
Earnings 30d$269,923
Earnings 24h$8,189
Cumulative Earnings$36.54m
DEX Volume 30d$1.115b
DEX Volume 24h$61.37m
Cumulative DEX Volume$106.661b
Market Cap$67.92m
$BAL Price$1.06
All Time High$74.45
All Time Low$0.76
Fully Diluted Valuation$72.93m
$BAL Volume 24h$7.32m
CEX Volume$6.23m
DEX Volume$1.09m(14.94% of total)
$BAL Liquidity$29.09m
Balancer V2$27.82m
Balancer V2$665,264
Balancer V2$492,275
Balancer V2$67,231
Balancer V2$28,293
Balancer V2$19,952
Treasury$19.14m
Majors$3.65m
Stablecoins$3.92m
Own Tokens$3.16m
Others$8.41m
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.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Balancer V1: All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V2: All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V3: Total fees earned from all the trades and yield in the last 24 hours.View code on GitHub
Revenue:
Balancer V1: Balancer V1 protocol fees are set to 0%View code on GitHubBalancer V2: Protocol revenue from all fees collectedView code on GitHubBalancer V3: Total revenue earned by the protocol in the last 24 hours, which is 50% of the trade fees and 10% of the yield capture.View code on GitHub
DEX Volume: Volume of all spot token swaps that go through the protocol
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
Development Activity
Updated at Jun 17, 2025
Weekly commits68
Monthly commits401
Weekly developers8
Monthly developers25
Last commit17/06/25 (24 days ago)
User Activity
Active Addresses (24h)190
Transactions (24h)1,412
Gas Used (24h)$137.35
Hacks
Date: Aug 27, 2023
Protocol: Balancer V2
Amount: $800,000
Classification: Protocol Logic
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
SourceDate: Sep 19, 2023
Protocol: Balancer V2
Amount: $238,000
Classification: Protocol Logic
Technique: Frontend Attack
Chains: Ethereum
Target Type: DeFi Protocol
SourceIncome Statement for Balancer
| Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $243,562 | $2.04m | $3.64m | $6.87m | $3.4m | $4.44m | $4.66m | $4.55m | $3.02m | $2.26m | $6.17m | $4.7m | $6.48m | $15.2m | $16.88m | $39.43m | $18.79m | $44.12m | $37.28m | $13.71m | $48.24m | $1.17m | $29 |
| Revenue | $101,728 | $810,775 | $1.73m | $3.39m | $1.67m | $2.27m | $2.97m | $1.94m | $1.58m | $2.77m | $3.24m | $1.84m | $2.43m | $6m | $3.13m | $656,151 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earnings | $101,728 | $810,775 | $1.73m | $3.39m | $1.67m | $2.27m | $2.97m | $1.94m | $1.58m | $2.77m | $3.24m | $1.84m | $2.43m | $6m | $3.13m | $656,151 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |