Total Value Locked$285.01m
TVL by Chain
OP Mainnet$284.98m
Scroll$25,467
Key Metrics
Fees 30d$51,326
Fees 30d by chain
OP Mainnet$51,326
Fees 7d$36,877
OP Mainnet$36,877
Fees 24h$5,318
OP Mainnet$5,318
Cumulative Fees$776,979
OP Mainnet$397,125
Scroll$379,854
Revenue 30d$21,947
Revenue 30d by chain
OP Mainnet$21,947
Revenue 7d$11,064
OP Mainnet$11,064
Revenue 24h$1,591
OP Mainnet$1,591
Cumulative Revenue$747,600
Scroll$379,854
OP Mainnet$367,746
Holders Revenue 30d$0
Holders Revenue 30d by chain
OP Mainnet$0
Holders Revenue 7d$0
OP Mainnet$0
Holders Revenue 24h$0
OP Mainnet$0
Cumulative Holders Revenue$0
OP Mainnet$0
Scroll$0
Active Loans$49.2m
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total borrow interest generated from EtherFi Cash services on Scroll and OP Mainnet, including Cash borrows on the Aave V4 instance ether.fi operates, since 2026-08-04.View code on GitHubRevenue: Protocol's share of fees from borrow interest: all of it on the DebtManager, 80% of the liquidity fee on the Aave V4 instance.View code on GitHubHolders Revenue: No revenue share to ETHFI holdersView code on GitHubEtherFi Borrowing Market history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 30, 2025 to Nov 15, 2026.
All-time high TVL: $311.39m on Nov 5, 2026. All-time low TVL: $39.45m on Apr 8, 2026.
Daily TVL, Oct 17, 2026 to Nov 15, 2026
| Date | TVL |
|---|---|
| Oct 17, 2026 | $300.36m |
| Oct 18, 2026 | $299.62m |
| Oct 19, 2026 | $299.6m |
| Oct 20, 2026 | $301.33m |
| Oct 21, 2026 | $306.16m |
| Oct 22, 2026 | $307.14m |
| Oct 23, 2026 | $298.57m |
| Oct 24, 2026 | $298.93m |
| Oct 25, 2026 | $298.13m |
| Oct 26, 2026 | $296.05m |
| Oct 27, 2026 | $299.13m |
| Oct 28, 2026 | $304.51m |
| Oct 29, 2026 | $303.64m |
| Oct 30, 2026 | $294.21m |
| Oct 31, 2026 | $298.27m |
| Nov 1, 2026 | $301.68m |
| Nov 2, 2026 | $303.01m |
| Nov 3, 2026 | $302.13m |
| Nov 4, 2026 | $301.57m |
| Nov 5, 2026 | $311.39m |
| Nov 6, 2026 | $301.63m |
| Nov 7, 2026 | $302.1m |
| Nov 8, 2026 | $301.14m |
| Nov 9, 2026 | $296.07m |
| Nov 10, 2026 | $297.57m |
| Nov 11, 2026 | $297.92m |
| Nov 12, 2026 | $301.37m |
| Nov 13, 2026 | $299.23m |
| Nov 14, 2026 | $293.58m |
| Nov 15, 2026 | $283.94m |
TVL at each month end, Jun 2025 to Nov 2026
| Date | TVL |
|---|---|
| Jun 30, 2025 | $50.15m |
| Jul 24, 2025 | $53.39m |
| Aug 31, 2025 | $212.71m |
| Sep 30, 2025 | $208.54m |
| Oct 31, 2025 | $204.27m |
| Nov 30, 2025 | $151.6m |
| Dec 31, 2025 | $155.89m |
| Jan 31, 2026 | $192.27m |
| Feb 28, 2026 | $162.51m |
| Mar 31, 2026 | $194.3m |
| Apr 30, 2026 | $169.58m |
| May 31, 2026 | $162.64m |
| Jun 30, 2026 | $127.42m |
| Jul 31, 2026 | $149.82m |
| Aug 31, 2026 | $254.14m |
| Sep 30, 2026 | $302.07m |
| Oct 31, 2026 | $298.27m |
| Nov 15, 2026 (latest) | $283.94m |
Fees, revenue and holders revenue by UTC calendar month, Jan 2025 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jan 2025 | $28 | $28 | $0 |
| Feb 2025 | $77 | $77 | $0 |
| Mar 2025 | $93 | $93 | $0 |
| Apr 2025 | $69 | $69 | $0 |
| May 2025 | $675 | $675 | $0 |
| Jun 2025 | $4,036 | $4,036 | $0 |
| Jul 2025 | $7,753 | $7,753 | $0 |
| Aug 2025 | $12,935 | $12,935 | $0 |
| Sep 2025 | $19,554 | $19,554 | $0 |
| Oct 2025 | $30,435 | $30,435 | $0 |
| Nov 2025 | $40,625 | $40,625 | $0 |
| Dec 2025 | $54,176 | $54,176 | $0 |
| Jan 2026 | $65,483 | $65,483 | $0 |
| Feb 2026 | $56,945 | $56,945 | $0 |
| Mar 2026 | $68,904 | $68,904 | $0 |
| Apr 2026 | $67,233 | $67,233 | $0 |
| May 2026 | $71,274 | $71,274 | $0 |
| Jun 2026 | $68,896 | $68,896 | $0 |
| Jul 2026 | $72,982 | $72,982 | $0 |
| Aug 2026 | $57,811 | $57,811 | $0 |
| Sep 2026 | $18,161 | $18,161 | $0 |
| Oct 2026 | $14,363 | $14,363 | $0 |
| Nov 2026 (to date) | $44,471 | $15,092 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/etherfi-borrowing-market
Frequently asked questions
What is EtherFi Borrowing Market's TVL?
As of Nov 15, 2026, EtherFi Borrowing Market has $285.01m in total value locked. TVL has decreased 5.1% over the past 30 days.
What chains does EtherFi Borrowing Market operate on?
EtherFi Borrowing Market operates on 2 chains: OP Mainnet and Scroll. OP Mainnet holds the largest share at 100%.
How much has EtherFi Borrowing Market generated in fees and revenue?
Over the past 30 days, EtherFi Borrowing Market generated $51,326 in fees. Of that, $21,947 was protocol revenue. Based on the trailing year, the annualized rate is $683,722 in fees and $654,343 in revenue.
How does EtherFi Borrowing Market's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, EtherFi Borrowing Market ranks #14 by TVL. The category holds $44.974b across 522 protocols, and EtherFi Borrowing Market accounts for 0.6% of that total. Similar protocols include Aave V3, Morpho Blue, Compound V3, Impermax V2, Tarot, SYNO Finance, Venus Core Pool, Curve LlamaLend, Curve LlamaLend V2, and Gearbox.
How much has been borrowed through EtherFi Borrowing Market?
As of Nov 15, 2026, EtherFi Borrowing Market has $49.2m in active loans.