Ask about Bluefin · freeTotal Value Locked$14.44m
TVL by Chain
Sui$14.44m
Arbitrum$0
Key Metrics
Fees 30d$284,526
Fees 30d by chain
Sui$284,526
Fees 7d$54,483
Sui$54,483
Fees 24h$4,251
Sui$4,251
Cumulative Fees$48.76m
Sui$48.76m
Revenue 30d$84,497
Revenue 30d by chain
Sui$84,497
Revenue 7d$16,467
Sui$16,467
Revenue 24h$1,273
Sui$1,273
Cumulative Revenue$13.98m
Sui$13.98m
Cumulative Holders Revenue$0
Cumulative Holders Revenue by chain
Sui$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$4.03m
Earnings 30d$84,497
Earnings 7d$16,467
Earnings 24h$1,273
Cumulative Earnings$13.98m
DEX Volume 30d$274.22m
DEX Volume 30d by chain
Sui$274.22m
DEX Volume 7d$56.98m
Sui$56.98m
DEX Volume 24h$3.27m
Sui$3.27m
Cumulative DEX Volume$36.48b
Sui$36.48b
Cumulative DEX Aggregator Volume$7.999b
Perp Volume 30d$36.77m
Perp Volume 30d by chain
Sui$36.77m
Perp Volume 7d$7.26m
Sui$7.26m
Perp Volume 24h$870,522
Sui$870,522
Cumulative Perp Volume$65.453b
Sui$64.694b
Arbitrum$759.42m
Open Interest$989,642
Market Cap$5.24m
$BLUE Price$0.0087
Fully Diluted Valuation$8.67m
Outstanding FDV$8.44m
$BLUE Volume 24h$2.95m
CEX Volume$2.37m
DEX Volume$400,462(13.6% of total)
Staked$847,551(16.19% of mcap)
Active Loans$0
Total Raised$4.3m
Nov 10, 2025$4.3mRound: StrategicInvestors: SUI Group
Protocol Information
Bluefin is a decentralized spot and derivatives exchange built for both professional and first-time traders. It focuses on security, transparency and redefining the user experience of using on-chain trading platforms - and is backed by Polychain, SIG, Brevan Howard, and other leading firms.
- Bluefin SpotDexs
- Bluefin ProDerivatives
- Bluefin LegacyDerivatives
- AlphaLendLending
- Bluefin7K AggregatorDEX Aggregator
Yields
Pools Tracked51
Average Supply APY52.3%
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
DEX Aggregator Volume: Volume of all spot token swaps routed through the DEX aggregator
Perp Volume: Notional volume of all trades including leverage on the perp exchange
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
Bluefin history
TVL is the default DefiLlama definition, which excludes Active Loans and Staking. Daily values are UTC snapshots from Dec 25, 2022 to Oct 19, 2026.
All-time high TVL: $246.38m on Oct 7, 2025. All-time low TVL: $100 on Dec 25, 2022.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $13.87m |
| Sep 21, 2026 | $14.22m |
| Sep 22, 2026 | $14.27m |
| Sep 23, 2026 | $14.26m |
| Sep 24, 2026 | $13.94m |
| Sep 25, 2026 | $14.32m |
| Sep 26, 2026 | $14.53m |
| Sep 27, 2026 | $14.55m |
| Sep 28, 2026 | $15.04m |
| Sep 29, 2026 | $15m |
| Sep 30, 2026 | $13.06m |
| Oct 1, 2026 | $12.83m |
| Oct 2, 2026 | $14.69m |
| Oct 3, 2026 | $14.12m |
| Oct 4, 2026 | $13.01m |
| Oct 5, 2026 | $13.52m |
| Oct 6, 2026 | $14.84m |
| Oct 7, 2026 | $13.88m |
| Oct 8, 2026 | $14.31m |
| Oct 9, 2026 | $14.34m |
| Oct 10, 2026 | $14.85m |
| Oct 11, 2026 | $14.93m |
| Oct 12, 2026 | $15.04m |
| Oct 13, 2026 | $14.78m |
| Oct 14, 2026 | $15.18m |
| Oct 15, 2026 | $15.19m |
| Oct 16, 2026 | $14.73m |
| Oct 17, 2026 | $14.76m |
| Oct 18, 2026 | $14.87m |
| Oct 19, 2026 | $14.89m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $26.49m |
| Dec 31, 2024 | $94.24m |
| Jan 31, 2025 | $101.59m |
| Feb 28, 2025 | $71.79m |
| Mar 31, 2025 | $79.42m |
| Apr 30, 2025 | $96.72m |
| May 31, 2025 | $181.96m |
| Jun 30, 2025 | $167.61m |
| Jul 31, 2025 | $187.52m |
| Aug 31, 2025 | $204.63m |
| Sep 30, 2025 | $172.73m |
| Oct 31, 2025 | $219.28m |
| Nov 30, 2025 | $131.44m |
| Dec 31, 2025 | $147.71m |
| Jan 31, 2026 | $129.27m |
| Feb 28, 2026 | $93.01m |
| Mar 31, 2026 | $110.57m |
| Apr 30, 2026 | $94.49m |
| May 31, 2026 | $93.89m |
| Jun 30, 2026 | $24.1m |
| Jul 31, 2026 | $19.28m |
| Aug 31, 2026 | $19.83m |
| Sep 30, 2026 | $13.06m |
| Oct 19, 2026 (latest) | $14.89m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $134 |
| Dec 31, 2023 | $3.74m |
| Dec 31, 2024 | $94.24m |
| Dec 31, 2025 | $147.71m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $497,829 | $73,887 | - |
| Dec 2024 | $3.24m | $1.29m | - |
| Jan 2025 | $3.27m | $1.24m | - |
| Feb 2025 | $2.08m | $691,036 | - |
| Mar 2025 | $1.61m | $559,013 | - |
| Apr 2025 | $2.21m | $653,049 | - |
| May 2025 | $2.66m | $713,097 | - |
| Jun 2025 | $2.4m | $696,524 | - |
| Jul 2025 | $3.7m | $1.08m | - |
| Aug 2025 | $3.24m | $1.07m | $0 |
| Sep 2025 | $3.06m | $1.12m | $0 |
| Oct 2025 | $3.18m | $1.22m | $0 |
| Nov 2025 | $2.46m | $978,839 | $0 |
| Dec 2025 | $1.68m | $573,953 | $0 |
| Jan 2026 | $1.58m | $624,587 | $0 |
| Feb 2026 | $857,441 | $330,569 | $0 |
| Mar 2026 | $772,690 | $254,758 | $0 |
| Apr 2026 | $580,224 | $191,860 | $0 |
| May 2026 | $780,001 | $244,996 | $0 |
| Jun 2026 | $357,730 | $136,163 | $0 |
| Jul 2026 | $145,526 | $62,706 | - |
| Aug 2026 | $157,211 | $58,003 | - |
| Sep 2026 | $260,867 | $80,217 | - |
| Oct 2026 (to date) | $138,415 | $42,939 | - |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/bluefin
Frequently asked questions
What is Bluefin's TVL?
As of Oct 19, 2026, Bluefin has $14.44m in total value locked. TVL has decreased 30.1% over the past 30 days.
What chains does Bluefin operate on?
Bluefin operates on 2 chains: Arbitrum and Sui. Sui holds the largest share at 100%.
How much has Bluefin generated in fees and revenue?
Over the past 30 days, Bluefin generated $284,526 in fees. Of that, $84,497 was protocol revenue. Based on the trailing year, the annualized rate is $10.98m in fees and $4.03m in revenue.
What is the BLUE token price and valuation?
BLUE is currently trading at $0.0085. Its circulating market capitalization is $5.2m, ranking it #1,975. Its fully diluted valuation is $8.61m. Supply currently stands at 603.72m circulating, 1b total supply, 1b maximum supply.
How has BLUE performed recently?
BLUE is down 15.5% over the past 7 days and down 14.6% over the past 30 days. Its all-time high is $0.86, reached on Dec 14, 2024. The token is currently 99% below that level.
Which protocols are included in Bluefin?
Bluefin is a parent protocol whose tracked products include Bluefin Spot, Bluefin Pro, Bluefin Legacy, AlphaLend, and Bluefin7K Aggregator.
How much has been borrowed through Bluefin?
As of Oct 19, 2026, Bluefin has $0 in active loans.