Protocol Information
Tranche is a protocol for stratifying price risk of crypto-assets. At the core, it allows users to deposit an asset in return for several Tranche assets, each representing a different risk level. The safer assets have relatively stable value, while the risky assets have value roughly equivalent to a leveraged position of the underlying asset.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Button Tranche history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 28, 2023 to Nov 6, 2026.
All-time high TVL: $46.93m on Mar 23, 2024. All-time low TVL: $108,005 on Oct 24, 2026.
Daily TVL, Oct 8, 2026 to Nov 6, 2026
| Date | TVL |
|---|---|
| Oct 8, 2026 | $192,758 |
| Oct 9, 2026 | $198,807 |
| Oct 10, 2026 | $188,423 |
| Oct 11, 2026 | $218,345 |
| Oct 12, 2026 | $186,570 |
| Oct 13, 2026 | $179,540 |
| Oct 14, 2026 | $183,531 |
| Oct 15, 2026 | $174,005 |
| Oct 16, 2026 | $128,408 |
| Oct 17, 2026 | $135,666 |
| Oct 18, 2026 | $130,638 |
| Oct 19, 2026 | $126,359 |
| Oct 20, 2026 | $139,300 |
| Oct 21, 2026 | $128,395 |
| Oct 22, 2026 | $118,730 |
| Oct 23, 2026 | $116,683 |
| Oct 24, 2026 | $108,005 |
| Oct 25, 2026 | $207,735 |
| Oct 26, 2026 | $196,572 |
| Oct 27, 2026 | $202,905 |
| Oct 28, 2026 | $203,187 |
| Oct 29, 2026 | $237,059 |
| Oct 30, 2026 | $221,910 |
| Oct 31, 2026 | $232,082 |
| Nov 1, 2026 | $230,516 |
| Nov 2, 2026 | $231,060 |
| Nov 3, 2026 | $227,101 |
| Nov 4, 2026 | $228,971 |
| Nov 5, 2026 | $250,797 |
| Nov 6, 2026 | $231,730 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $17.42m |
| Jan 31, 2025 | $19.29m |
| Feb 28, 2025 | $18.31m |
| Mar 31, 2025 | $7.72m |
| Apr 30, 2025 | $5.66m |
| May 31, 2025 | $4.67m |
| Jun 30, 2025 | $4.47m |
| Jul 31, 2025 | $3.55m |
| Aug 31, 2025 | $1.99m |
| Sep 30, 2025 | $1.99m |
| Oct 31, 2025 | $1.75m |
| Nov 30, 2025 | $1.82m |
| Dec 31, 2025 | $1.3m |
| Jan 31, 2026 | $1.44m |
| Feb 28, 2026 | $1m |
| Mar 31, 2026 | $766,096 |
| Apr 30, 2026 | $746,924 |
| May 31, 2026 | $628,680 |
| Jun 30, 2026 | $283,463 |
| Jul 31, 2026 | $328,630 |
| Aug 31, 2026 | $421,176 |
| Sep 30, 2026 | $220,925 |
| Oct 31, 2026 | $232,082 |
| Nov 6, 2026 (latest) | $231,730 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $11.17m |
| Dec 31, 2024 | $17.42m |
| Dec 31, 2025 | $1.3m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/button-tranche
Frequently asked questions
What is Button Tranche's TVL?
As of Nov 6, 2026, Button Tranche has $227,526 in total value locked. TVL has increased 4.7% over the past 30 days.
What chains does Button Tranche operate on?
Button Tranche operates on Ethereum. Ethereum holds the largest share at 100%.
How does Button Tranche's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Button Tranche ranks #127 by TVL. The category holds $4.059b across 578 protocols, and Button Tranche accounts for <0.1% of that total. Similar protocols include Spark Savings, Pendle V2, Convex Finance, Avalon Superearn, Stake DAO Yield, Lorenzo sUSD1+, infiniFi, Concentrator, Wise Token, and Yuzu Money.