Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$11.48m

TVL by Chain

Ethereum$10.78m

Sonic$698,447

Key Metrics

Fees 30d$152,928.15
Fees 30d by chain

Ethereum$149,016.45

Sonic$3,913.74

Fees 7d$31,088.3

Ethereum$29,863.74

Sonic$1,224.59

Fees 24h$3,653

Ethereum$3,464

Sonic$188.78

Cumulative Fees$4.24m

Ethereum$4.23m

Sonic$13,411.18

Revenue 30d$145,521.22
Revenue 30d by chain

Ethereum$145,446.89

Sonic$74.81

Revenue 7d$28,572.3

Ethereum$28,548.74

Sonic$23.59

Revenue 24h$3,275

Ethereum$3,273

Sonic$1.78

Cumulative Revenue$4.23m

Ethereum$4.22m

Sonic$2,950.69

Holders Revenue 30d$0
Holders Revenue 30d by chain

Ethereum$0

Sonic$0

Holders Revenue 7d$0

Ethereum$0

Sonic$0

Holders Revenue 24h$0

Ethereum$0

Sonic$0

Cumulative Holders Revenue$0

Ethereum$0

Sonic$0

Market Cap$52.55m

$FT Price$0.1

All Time High$0.11

All Time Low$0.067

View $FT token page

$119.47m

$FT Volume 24h$230,572

CEX Volume$110,949

DEX Volume$118,569.12(51.42% of total)

Active Loans$4.33m

Treasury$49.24m

$11.07m

Stablecoins$38.11m

Own Tokens$2,959.97

Others$49,220.38

Total Raised$431.5m

Sep 29, 2025$200mRound: SeedInvestors: Brevan Howard, DWF Labs, CoinFund, Hypersphere Ventures, Lemniscap, Selini Capital, Nascent, Tioga Capital, FalconX, Sigil Fund, Virtuals Protocol, Republic Digital

Jan 29, 2026$25.5mRound: Series AInvestors: Amber Group, Fasanara Capital, Paper Ventures

Feb 23, 2026$206mRound: Public token sale

Protocol Information

Flying Tulip is a unified onchain financial system spanning ftUSD, lending, spot trading, derivatives, insurance, collateral management, and settlement.

WebsiteTwitterSafe Harbor Agreement
Categories:LendingYield AggregatorServices
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Flying Tulip Yield - Yield generated from deposited assets in Flying Tulip wrappers + marketplace fees from PUT trades.View code on GitHubFlying Tulip Lend - Sum of (a) borrower interest accrued across every Lend reserve, (b) leverage trading fees from LeverageRfqEngine open/close/collateral-swap events, and (c) RFQ liquidation fees from RfqEngine.View code on GitHubFlying Tulip ftUSD - Mint and redeem fees charged by the ftUSD MintAndRedeem engine on every mint/redeem, summed from Minted and Redeemed events.View code on GitHub

Revenue:

Flying Tulip Yield - Protocol revenue from claimed yield.View code on GitHubFlying Tulip Lend - Leverage trading fees and RFQ liquidation fees flow to the Flying Tulip treasury via feeCollector and liqFeeCollector. Borrower interest does not retain a protocol cut on chain.View code on GitHubFlying Tulip ftUSD - All ftUSD mint/redeem fees are sent to the Flying Tulip treasury via sweepFees, so revenue equals fees.View code on GitHub
Holders Revenue: View code on GitHub

Yields

Pools Tracked2

Average Supply APY9.19%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $11.48m in total value locked. TVL has increased 7% over the past 30 days.

What chains does Flying Tulip operate on?

Flying Tulip operates on 2 chains: Ethereum and Sonic. Ethereum holds the largest share at 93.9%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $152,928.15 in fees. Of that, $145,521.22 was protocol revenue. Based on the trailing year, the annualized rate is $6.84m in fees and $6.82m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.1. Its circulating market capitalization is $52.53m, ranking it #583. Its fully diluted valuation is $119.42m. Supply currently stands at 526.34m circulating, 1.197b total supply, 10b maximum supply.

How has FT performed recently?

FT is down 4.3% over the past 7 days and up 2.5% over the past 30 days. Its all-time high is $0.11, reached on Jun 10, 2026. The token is currently 10.2% below that level.

Which protocols are included in Flying Tulip?

Flying Tulip is a parent protocol whose tracked products include Flying Tulip Lend, Flying Tulip ftUSD, and Flying Tulip Yield.

How much has been borrowed through Flying Tulip?

Flying Tulip currently has $4.33m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $49.24m. Its holdings include $38.11m in stablecoins, $11.07m in major assets, $2,959.97 in its own tokens, $49,220.38 in other assets.