Key Metrics
Fees 30d$468,459
Fees 30d by chain
Ethereum$468,459
Fees 7d$113,707
Ethereum$113,707
Fees 24h$45,550
Ethereum$45,550
Cumulative Fees$7.74m
Ethereum$7.74m
Revenue 30d$490.56
Revenue 30d by chain
Ethereum$490.56
Revenue 7d$166.19
Ethereum$166.19
Revenue 24h$10.63
Ethereum$10.63
Cumulative Revenue$449,888.7
Ethereum$449,888.7
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$427,537.07
$490.56
$166.19
$10.63
$449,888.7
Market Cap$68.68m
$CAP Price$0.044
$440.26m
$259.12m
$CAP Volume 24h$4.42m
CEX Volume$2.64m
DEX Volume$2.3m(51.9% of total)
Active Loans$61.51m
Total Raised$15.4m
Oct 28, 2024$1.9mRound: Pre-SeedInvestors: Kraken Ventures, Robot Ventures, Anagram, ABCDE, SBC Limited, Kain Warwick, Fernando Martinelli, Sandeep Nailwal
Apr 7, 2025$8mRound: SeedInvestors: Franklin Templeton, Triton Capital, GSR, Flow Traders, Laser Digital Ventures, IMC Financial Markets, RockawayX, Superscrypt, Selini Capital, CMCC Global, Caladan, Paper Ventures, Presto Labs, Fasanara Capital, Auros Global, Breed VC, Curved Ventures, Nonce Classic, Flowdesk
Jun 17, 2026$5.5mRound: Public token sale
Protocol Information
Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD.
Audits:
Methodology
TVL: count the total supplied assets on capToken vaults and the total delegated assets on networks (symbiotic, eigenlayer, etc.). Bridged tokens on MegaETH are tracked via source chain (Ethereum) collateral only.View code on GitHubFees: All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).View code on GitHubRevenue: Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.View code on GitHubHolders Revenue: View code on GitHubIncentives: 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
Yields
Pools Tracked1
Average Supply APY5.46%
Competitors
Frequently Asked Questions
What is cap's TVL?
cap currently has $335m in total value locked. TVL has increased 20.2% over the past 30 days.
How much has cap generated in fees and revenue?
Over the past 30 days, cap generated $468,459 in fees. Of that, $490.56 was protocol revenue. Based on the trailing year, the annualized rate is $7.53m in fees and $427,537.07 in revenue.
What is the CAP token price and valuation?
CAP is currently trading at $0.044. Its circulating market capitalization is $68.68m, ranking it #492. Its fully diluted valuation is $440.26m. Supply currently stands at 1.56b circulating, 10b total supply, 10b maximum supply.
How has CAP performed recently?
CAP is down 0.7% over the past 7 days and down 19% over the past 30 days. Its all-time high is $0.078, reached on Aug 14, 2026. The token is currently 43.8% below that level.
How does cap's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, cap ranks #15 by TVL. The category holds $51.041b across 523 protocols, and cap accounts for 0.7% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Aave V4, and Euler V2.
How much has been borrowed through cap?
cap currently has $61.51m in active loans.

