Ask about Defa By InvoiceMate · freeTotal Value Locked$7.19m
TVL by Chain
Stellar$4.01m
ZIG Chain$2.1m
Starknet$1.07m
Key Metrics
DEX Volume 30d$33.84m
DEX Volume 30d by chain
Ethereum$33.84m
DEX Volume 7d$6.5m
Ethereum$6.5m
DEX Volume 24h$0
Ethereum$0
Cumulative DEX Volume$138.68m
Ethereum$138.68m
Protocol Information
DeFa by InvoiceMate is a full-stack RWAFi protocol that transforms verified trade receivables into liquid, yield-bearing assets and connects liquidity providers with stable & secured yield backed by real-world economic activity.
Sub Category: Private Credit
Methodology
TVL: TVL is the total active liquidity across invoice-backed pools, reported by on-chain Logger contracts on Stellar (Soroban), ZigChain (CosmWasm), and Starknet (Cairo).View code on GitHubDEX Volume: Gross capital disbursed to borrowers through DeFa's PayFi facility. Each approved route is a lending Safe, a borrower payout wallet and a stablecoin; volume is the USDC and USDT Transfer events on Ethereum whose sender is the Safe and whose recipient is that borrower's payout wallet, read from on-chain logs. Restricting to the pair excludes operational relays, rebalancing and transfers back to lenders, so only first-leg origination counts. Repayments are a separate reverse-direction flow and are not subtracted: this is lifetime gross disbursement, and redraws count each time. One row per Transfer log, so a transaction carrying several disbursements counts each. DefiLlama accumulates the daily figures into cumulative volume.View code on GitHubDefa By InvoiceMate history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 25, 2026 to Nov 15, 2026.
All-time high TVL: $7.19m on Aug 28, 2026. All-time low TVL: $2.27m on Feb 27, 2026.
Daily TVL, Oct 17, 2026 to Nov 15, 2026
| Date | TVL |
|---|---|
| Oct 17, 2026 | $7.19m |
| Oct 18, 2026 | $7.19m |
| Oct 19, 2026 | $7.19m |
| Oct 20, 2026 | $7.19m |
| Oct 21, 2026 | $7.19m |
| Oct 22, 2026 | $7.19m |
| Oct 23, 2026 | $7.19m |
| Oct 24, 2026 | $7.19m |
| Oct 25, 2026 | $7.19m |
| Oct 26, 2026 | $7.19m |
| Oct 27, 2026 | $7.19m |
| Oct 28, 2026 | $7.19m |
| Oct 29, 2026 | $7.19m |
| Oct 30, 2026 | $7.18m |
| Oct 31, 2026 | $7.19m |
| Nov 1, 2026 | $7.19m |
| Nov 2, 2026 | $7.19m |
| Nov 3, 2026 | $7.19m |
| Nov 4, 2026 | $7.19m |
| Nov 5, 2026 | $7.19m |
| Nov 6, 2026 | $7.19m |
| Nov 7, 2026 | $7.19m |
| Nov 8, 2026 | $7.19m |
| Nov 9, 2026 | $7.19m |
| Nov 10, 2026 | $7.19m |
| Nov 11, 2026 | $7.19m |
| Nov 12, 2026 | $7.19m |
| Nov 13, 2026 | $7.19m |
| Nov 14, 2026 | $7.19m |
| Nov 15, 2026 | $7.19m |
TVL at each month end, Feb 2026 to Nov 2026
| Date | TVL |
|---|---|
| Feb 28, 2026 | $2.27m |
| Mar 31, 2026 | $3.76m |
| Apr 30, 2026 | $4.87m |
| May 31, 2026 | $6.11m |
| Jun 30, 2026 | $6.11m |
| Jul 31, 2026 | $7.19m |
| Aug 31, 2026 | $7.19m |
| Sep 30, 2026 | $7.19m |
| Oct 31, 2026 | $7.19m |
| Nov 15, 2026 (latest) | $7.19m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/defa-by-invoicemate
Frequently asked questions
What is Defa By InvoiceMate's TVL?
As of Nov 15, 2026, Defa By InvoiceMate has $7.19m in total value locked. TVL has increased <0.1% over the past 30 days.
What chains does Defa By InvoiceMate operate on?
Defa By InvoiceMate operates on 4 chains: Stellar, ZIG Chain, Starknet, and Ethereum. Stellar holds the largest share at 55.8%.
How does Defa By InvoiceMate's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Defa By InvoiceMate ranks #31 by TVL. The category holds $3.45b across 179 protocols, and Defa By InvoiceMate accounts for 0.2% of that total. Similar protocols include Huma, Nawa Protocol, Re, Ethena USDtb, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, Ember, and Usual USD0.
How much trading volume does Defa By InvoiceMate process?
Defa By InvoiceMate processed $33.84m in DEX volume over the past 30 days.