Ask about Circle
Logo of CircleCircle
Total Value Locked$3.066b

TVL by Chain

BSC$2.918b

Ethereum$147.73m

Noble$0

Near$0

Key Metrics

Fees (Annualized)$2.381b
Fees 30d$193.37m

Off Chain$192.49m

Ethereum$744,477.71

Polygon$42,164.99

Arbitrum$38,108.7

Hyperliquid L1$34,928

Base$17,455.64

Monad$2,458.51

Solana$1,256

OP Mainnet$449.4

Avalanche$303.01

Plume Mainnet$227.98

Unichain$153.27

Ink$123.73

Stellar$62.12

Linea$49.35

Sonic$36.59

World Chain$25.55

XDC$2.67

Starknet$0.52

Fees 7d$44.61m

Off Chain$44.4m

Ethereum$187,283.24

Polygon$9,702

Hyperliquid L1$7,496

Arbitrum$6,262.87

Base$1,227.34

Solana$1,016

Monad$800.17

OP Mainnet$90.82

Avalanche$62.49

Stellar$50.46

Unichain$31.02

Ink$13.68

Linea$10.7

World Chain$4.98

Sonic$1.86

Plume Mainnet$1.07

XDC$0.73

Starknet$0.36

Fees 24h$6.37m

Off Chain$6.36m

Hyperliquid L1$763

Polygon$679

Arbitrum$626.14

Ethereum$457.02

Base$90.26

Solana$73

OP Mainnet$8.45

Avalanche$4.67

Stellar$4

Monad$3.17

Ink$0.62

Linea$0.45

Unichain$0.45

World Chain$0.41

Sonic$0.06

Plume Mainnet$0.02

Starknet$0

XDC$0

Cumulative Fees$7.167b

Off Chain$7.146b

Ethereum$20.02m

Arbitrum$288,275.88

Polygon$177,304.77

Hyperliquid L1$152,588

Base$108,162.94

Avalanche$89,466.01

Monad$50,706.51

Sonic$36,007.59

OP Mainnet$13,285.76

Linea$10,207

Unichain$8,607.85

Ink$8,037.65

World Chain$7,883.1

Plume Mainnet$3,027.99

Solana$1,414

XDC$1,046.41

Stellar$62.12

Starknet$1.71

Revenue (Annualized)$2.375b
Revenue 30d$192.61m

Off Chain$192.49m

Arbitrum$37,007

Hyperliquid L1$34,928

Ethereum$30,503

Base$15,128.02

Monad$2,458.51

Polygon$1,913.99

Solana$1,256

OP Mainnet$345.57

Avalanche$294.23

Plume Mainnet$227.98

Ink$123.73

Unichain$116.07

Stellar$62.12

Linea$49.35

Sonic$36.59

World Chain$25.55

XDC$2.67

Starknet$0.52

Revenue 7d$44.42m

Off Chain$44.4m

Hyperliquid L1$7,496

Ethereum$6,765

Arbitrum$6,044

Solana$1,016

Monad$800.17

Base$706

Polygon$176

OP Mainnet$67.11

Avalanche$57.63

Stellar$50.46

Unichain$21.62

Ink$13.68

Linea$10.7

World Chain$4.98

Sonic$1.86

Plume Mainnet$1.07

XDC$0.73

Starknet$0.36

Revenue 24h$6.37m

Off Chain$6.36m

Hyperliquid L1$763

Arbitrum$615

Ethereum$386

Solana$73

Base$19

Polygon$19

OP Mainnet$8.23

Avalanche$4.67

Stellar$4

Monad$3.17

Ink$0.62

Linea$0.45

Unichain$0.42

World Chain$0.41

Sonic$0.06

Plume Mainnet$0.02

Starknet$0

XDC$0

Cumulative Revenue$7.159b

Off Chain$7.146b

Ethereum$11.64m

Arbitrum$283,916

Hyperliquid L1$152,588

Base$102,557.02

Avalanche$83,340.23

Monad$50,706.51

Sonic$36,007.59

Polygon$15,444.77

OP Mainnet$12,325.57

Linea$10,207

Unichain$8,448.07

Ink$8,037.65

World Chain$7,883.1

Plume Mainnet$3,027.99

Solana$1,414

XDC$1,046.41

Stellar$62.12

Starknet$1.71

Bridge Volume 30 completed days$11.731b

Bridge Volume 7 completed days$2.418b

Bridge Volume last completed day$149.81m

Bridge Volume since data start$149.796b

Total Raised$1.785b

Apr 30, 2015$50mRound: Series CInvestors: Accel, BoomStartup, Breyer Capital, DCG, Fenway Summer Ventures, General Catalyst, GS Growth, IDG Capital, Oak Investment Partners, Pantera Capital

May 13, 2016$60mRound: Series DInvestors: Baidu Ventures, Breyer Capital, China Everbright Investment Management, CICC, CreditEase, Fenbushi Capital, General Catalyst, IDG Capital, Glenn Hutchins, Sam Palmisano, Tusk Venture Partners

May 15, 2018$110mRound: Series EInvestors: Accel, Bitmain, Blockchain Capital, Breyer Capital, Buck Stash, COIND, DCG, General Catalyst, IDG Capital, Pantera Capital, Pillar VC, Tor Kenz Capital, Tusk Venture Partners

Jul 30, 2020$25mRound: Investors: DCG

May 28, 2021$440mRound: Investors: DCG, Fidelity, FTX Ventures

Jun 4, 2025$1.1bRound: IPO

Protocol Information

Circle helps businesses and developers harness the power of USDC for payments and commerce

Category:RWA

WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Circle USYC - All yields are generated from USYC backing assets.View code on GitHubCircle USDC - All yields from USDC backing cash-equivalent assets, and US Treasury Bills.View code on GitHubCircle CCTP - Fast transfer fees(0-14 BPs) and forward fees charged by CCTPView code on GitHubCircle Gateway - Includes transfer fees, gas fees and transaction fees, exact breakdown isn't available onchainView code on GitHub

Revenue:

Circle USDC - All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle.View code on GitHubCircle CCTP - All the fees are revenueView code on GitHub

Yields

Pools Tracked2

Average Supply APY3.27%

Competitors

Midas RWA ($133.66m)Centrifuge Protocol ($1.628b)BlackRock BUIDL ($3.515b)Ondo Yield Assets ($2.518b)VNX ($5.11m)Tether Gold ($3.112b)Spiko ($2.383b)Paxos Gold ($1.909b)Ondo Global Markets ($960.13m)Anemoy Capital ($871.57m)

Frequently Asked Questions

What is Circle?

Circle helps businesses and developers harness the power of USDC for payments and commerce

What is Circle's TVL?

Circle currently has $3.066b in total value locked. TVL has decreased 1.8% over the past 30 days.

What chains does Circle operate on?

Circle operates on 22 chains: BSC, Ethereum, Noble, Near, and Off Chain and 17 others. BSC holds the largest share at 95.2%.

How much has Circle generated in fees and revenue?

Over the past 30 days, Circle generated $193.37m in fees. Of that, $192.61m was protocol revenue. Based on the trailing year, the annualized rate is $2.381b in fees and $2.375b in revenue.

Which protocols are included in Circle?

Circle is a parent protocol whose tracked products include Circle USYC, Circle Gateway, USDCx, Circle USDC, and Circle CCTP.

How many yield pools does Circle have?

DefiLlama tracks 2 Circle yield pools with an average APY of 3.3%.