Ask about Fei Protocol · freeFei Protocol(TRIBE)
Total Value Locked$7.26
TVL by Chain
Ethereum$7.26
Key Metrics
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Market Cap$14.09m
$TRIBE Price$0.38
Fully Diluted Valuation$380.43m
Outstanding FDV$220.66m
$TRIBE Volume 24h$1,664
CEX Volume$0
DEX Volume$3,324(199.77% of total)
Treasury$202.52m
Majors$0
Stablecoins$0.0017
Own Tokens$202.52m
Others$0
Total Raised$19m
Mar 8, 2021$19mRound: Series AInvestors: a16z, Framework Ventures, Coinbase Ventures, Naval Ravikant, ParaFi Capital, Variant Fund
Protocol Information
FEI uses a new kind of stablecoin mechanism called direct incentives. It is more capital efficient, has a fair distribution, and is fully decentralized. The protocol uses the value it controls to maintain liquid secondary markets.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Treasury: Value of tokens owned by the protocolCompetitors
Fei Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 4, 2021 to Oct 18, 2026.
All-time high TVL: $2.615b on Apr 4, 2021. All-time low TVL: $4 on Sep 20, 2022.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $7 |
| Sep 20, 2026 | $7 |
| Sep 21, 2026 | $7 |
| Sep 22, 2026 | $8 |
| Sep 23, 2026 | $8 |
| Sep 24, 2026 | $7 |
| Sep 25, 2026 | $7 |
| Sep 26, 2026 | $7 |
| Sep 27, 2026 | $8 |
| Sep 28, 2026 | $7 |
| Sep 29, 2026 | $7 |
| Sep 30, 2026 | $8 |
| Oct 1, 2026 | $7 |
| Oct 2, 2026 | $8 |
| Oct 3, 2026 | $7 |
| Oct 4, 2026 | $7 |
| Oct 5, 2026 | $8 |
| Oct 6, 2026 | $7 |
| Oct 7, 2026 | $7 |
| Oct 8, 2026 | $7 |
| Oct 9, 2026 | $7 |
| Oct 10, 2026 | $7 |
| Oct 11, 2026 | $7 |
| Oct 12, 2026 | $7 |
| Oct 13, 2026 | $7 |
| Oct 14, 2026 | $7 |
| Oct 15, 2026 | $7 |
| Oct 16, 2026 | $7 |
| Oct 17, 2026 | $7 |
| Oct 18, 2026 | $7 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $9 |
| Dec 31, 2024 | $9 |
| Jan 31, 2025 | $9 |
| Feb 28, 2025 | $7 |
| Mar 31, 2025 | $6 |
| Apr 30, 2025 | $6 |
| May 31, 2025 | $7 |
| Jun 30, 2025 | $7 |
| Jul 31, 2025 | $11 |
| Aug 31, 2025 | $13 |
| Sep 30, 2025 | $12 |
| Oct 31, 2025 | $11 |
| Nov 30, 2025 | $8 |
| Dec 31, 2025 | $8 |
| Jan 31, 2026 | $8 |
| Feb 28, 2026 | $6 |
| Mar 31, 2026 | $6 |
| Apr 30, 2026 | $7 |
| May 31, 2026 | $6 |
| Jun 30, 2026 | $4 |
| Jul 31, 2026 | $5 |
| Aug 31, 2026 | $7 |
| Sep 30, 2026 | $8 |
| Oct 18, 2026 (latest) | $7 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $894.27m |
| Dec 31, 2022 | $4 |
| Dec 31, 2023 | $6 |
| Dec 31, 2024 | $9 |
| Dec 31, 2025 | $8 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/fei-protocol
Frequently asked questions
What is Fei Protocol's TVL?
As of Oct 18, 2026, Fei Protocol has $7.26 in total value locked. TVL has increased 3.7% over the past 30 days.
What chains does Fei Protocol operate on?
Fei Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
What is the TRIBE token price and valuation?
TRIBE is currently trading at $0.38. Its circulating market capitalization is $14.09m, ranking it #1,265. Its fully diluted valuation is $380.43m. Supply currently stands at 37.04m circulating, 1b total supply, 1b maximum supply.
How has TRIBE performed recently?
TRIBE is down 3.5% over the past 7 days and down 2.7% over the past 30 days. Its all-time high is $2.45, reached on Apr 3, 2021. The token is currently 84.5% below that level.
How does Fei Protocol's TVL compare to similar protocols?
Among Algo-Stables protocols tracked by DefiLlama, Fei Protocol ranks #40 by TVL. The category holds $49.69m across 97 protocols, and Fei Protocol accounts for <0.1% of that total. Other leading protocols include Frax, Mento V2, Basis Cash, SPOT Cash, Frax FPI, XUSD Money, Generic.Money, Spice Trade, TiTi Protocol, and OpenDAO.
Does Fei Protocol have a treasury?
Fei Protocol has a tracked treasury currently valued at $202.52m. Its holdings include $0.0017 in stablecoins, $202.52m in its own tokens.