Ask about Flex · freeTotal Value Locked$1.97m
TVL by Chain
Ethereum$1.97m
Key Metrics
Fees 30d$3,804
Fees 30d by chain
Ethereum$3,804
Fees 7d$1,118
Ethereum$1,118
Fees 24h$162
Ethereum$162
Cumulative Fees$16,954
Ethereum$16,954
Revenue 30d$380.70
Revenue 30d by chain
Ethereum$380.70
Revenue 7d$111.79
Ethereum$111.79
Revenue 24h$16.18
Ethereum$16.18
Cumulative Revenue$748.01
Ethereum$748.01
Active Loans$1.64m
Protocol Information
Flex is a fixed-rate money market where borrowers choose their own interest rate
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Borrow interest paid by borrowers on outstanding debt, plus upfront fees charged on opening or increasing a Trove and on premature interest-rate adjustments.View code on GitHubRevenue: Performance fee retained by the protocol, read live from each market's lender vault.View code on GitHubCompetitors
Flex history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from May 18, 2026 to Oct 19, 2026.
All-time high TVL: $1.96m on Oct 19, 2026. All-time low TVL: $326,450 on May 25, 2026.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $1.1m |
| Sep 21, 2026 | $1.1m |
| Sep 22, 2026 | $1.11m |
| Sep 23, 2026 | $1.11m |
| Sep 24, 2026 | $1.11m |
| Sep 25, 2026 | $1.11m |
| Sep 26, 2026 | $1.11m |
| Sep 27, 2026 | $1.11m |
| Sep 28, 2026 | $1.11m |
| Sep 29, 2026 | $1.11m |
| Sep 30, 2026 | $1.11m |
| Oct 1, 2026 | $1.11m |
| Oct 2, 2026 | $1.11m |
| Oct 3, 2026 | $1.11m |
| Oct 4, 2026 | $1.11m |
| Oct 5, 2026 | $1.11m |
| Oct 6, 2026 | $1.11m |
| Oct 7, 2026 | $1.11m |
| Oct 8, 2026 | $1.12m |
| Oct 9, 2026 | $1.37m |
| Oct 10, 2026 | $1.38m |
| Oct 11, 2026 | $1.39m |
| Oct 12, 2026 | $1.44m |
| Oct 13, 2026 | $1.64m |
| Oct 14, 2026 | $1.68m |
| Oct 15, 2026 | $1.65m |
| Oct 16, 2026 | $1.66m |
| Oct 17, 2026 | $1.92m |
| Oct 18, 2026 | $1.96m |
| Oct 19, 2026 | $1.96m |
TVL at each month end, May 2026 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2026 | $924,429 |
| Jun 30, 2026 | $1.02m |
| Jul 31, 2026 | $937,594 |
| Aug 31, 2026 | $1.06m |
| Sep 30, 2026 | $1.11m |
| Oct 19, 2026 (latest) | $1.96m |
Fees and revenue by UTC calendar month, May 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2026 | $764.03 | $4.69 |
| Jun 2026 | $2,789 | $0 |
| Jul 2026 | $4,610 | $0 |
| Aug 2026 | $2,459 | $109.77 |
| Sep 2026 | $3,704 | $370.48 |
| Oct 2026 (to date) | $2,629 | $263.07 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/flex
Frequently asked questions
What is Flex's TVL?
As of Oct 19, 2026, Flex has $1.97m in total value locked. TVL has increased 84.5% over the past 30 days.
What chains does Flex operate on?
Flex operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Flex generated in fees and revenue?
Over the past 30 days, Flex generated $3,804 in fees. Of that, $380.70 was protocol revenue. Based on the trailing year, the annualized rate is $39,039 in fees and $1,701 in revenue.
How does Flex's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Flex ranks #104 by TVL. The category holds $51.358b across 515 protocols, and Flex accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Aave V4, and Euler V2.
How much has been borrowed through Flex?
As of Oct 19, 2026, Flex has $1.64m in active loans.