Ask about Circle
Logo of CircleCircle
Total Value Locked$3.062b

TVL by Chain

BSC$2.914b

Ethereum$148.03m

Noble$0

Near$0

Key Metrics

Fees (Annualized)$2.379b
Fees 30d$193.8m

Off Chain$192.84m

Ethereum$817,342

Polygon$50,811

Arbitrum$43,337

Hyperliquid L1$32,609

Base$13,406

Monad$1,616

Plume Mainnet$556

OP Mainnet$513

Avalanche$200

Ink$136

Unichain$72

Sonic$65

Linea$62

World Chain$23

XDC$0

Fees 7d$45.53m

Off Chain$45.32m

Ethereum$185,530

Polygon$10,327

Hyperliquid L1$7,304

Arbitrum$5,566

Base$2,175

Monad$530

Plume Mainnet$165

OP Mainnet$105

Avalanche$65

World Chain$15

Sonic$10

Unichain$10

Linea$9

Ink$4

XDC$0

Fees 24h$6.68m

Off Chain$6.65m

Ethereum$26,135

Hyperliquid L1$1,085

Polygon$1,000

Arbitrum$923

Base$187

Monad$42

Avalanche$9

OP Mainnet$9

Linea$2

Plume Mainnet$2

Ink$0

Sonic$0

Unichain$0

World Chain$0

XDC$0

Cumulative Fees$7.065b

Off Chain$7.044b

Ethereum$19.65m

Arbitrum$273,392.74

Polygon$157,189.9

Hyperliquid L1$134,320

Base$100,882.12

Avalanche$89,257.69

Monad$48,529.31

Sonic$35,976.16

OP Mainnet$12,941.29

Linea$10,184.72

Unichain$8,449.88

Ink$7,918.02

World Chain$7,867.14

Plume Mainnet$3,025.08

XDC$1,039

Revenue (Annualized)$2.373b
Revenue 30d$192.97m

Off Chain$192.84m

Arbitrum$42,468

Ethereum$40,315

Hyperliquid L1$32,609

Base$11,886

Polygon$4,432

Monad$1,616

Plume Mainnet$556

OP Mainnet$434

Avalanche$184

Ink$136

Sonic$65

Linea$62

Unichain$56

World Chain$23

XDC$0

Revenue 7d$45.35m

Off Chain$45.32m

Ethereum$10,034

Hyperliquid L1$7,304

Arbitrum$5,359

Base$1,590

Monad$530

Polygon$377

Plume Mainnet$165

OP Mainnet$91

Avalanche$64

World Chain$15

Sonic$10

Linea$9

Ink$4

Unichain$3

XDC$0

Revenue 24h$6.65m

Off Chain$6.65m

Hyperliquid L1$1,085

Arbitrum$887

Ethereum$866

Base$100

Monad$42

Polygon$33

Avalanche$9

OP Mainnet$7

Linea$2

Plume Mainnet$2

Ink$0

Sonic$0

Unichain$0

World Chain$0

XDC$0

Cumulative Revenue$7.056b

Off Chain$7.044b

Ethereum$11.63m

Arbitrum$269,654

Hyperliquid L1$134,320

Base$96,616

Avalanche$83,139.69

Monad$48,529.31

Sonic$35,976.16

Polygon$14,509.9

OP Mainnet$12,062.89

Linea$10,184.72

Unichain$8,315.36

Ink$7,918.02

World Chain$7,867.14

Plume Mainnet$3,025.08

XDC$1,039

Bridge Volume 30d$12.656b

Bridge Volume 7d$2.616b

Bridge Volume 24h$120.9m

Cumulative Bridge Volume$144.258b

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 APY3.05%

Competitors

Midas RWA ($118.83m)Centrifuge Protocol ($1.629b)Sweep ($8,186.12)BlackRock BUIDL ($3.443b)Tether Gold ($2.89b)Circle USYC ($3.005b)Ondo Yield Assets ($2.558b)Spiko ($2.26b)Paxos Gold ($1.802b)Ondo Global Markets ($943.49m)

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 $3.062b in total value locked. TVL has decreased 2.2% over the past 30 days.

What chains does Circle operate on?

Circle operates on 19 chains: BSC, Ethereum, Noble, Near, and Off Chain and 14 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 $193.8m in fees. Of that, $192.97m was protocol revenue. Based on the trailing year, the annualized rate is $2.379b in fees and $2.373b 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%.