Ask about Flying Tulip

Logo of Flying TulipFlying Tulip(FT)

Total Value Locked$12.04m

TVL by Chain

Ethereum$10.88m

Sonic$1.17m

Key Metrics

Fees 30d$145,862.63
Fees 30d by chain

Ethereum$139,746.97

Sonic$6,116.79

Fees 7d$33,240.84

Ethereum$31,637.96

Sonic$1,602.54

Fees 24h$4,075.12

Ethereum$3,859.24

Sonic$215.88

Cumulative Fees$4.35m

Ethereum$4.33m

Sonic$18,040.92

Revenue 30d$133,364.63
Revenue 30d by chain

Ethereum$133,077.97

Sonic$286.79

Revenue 7d$29,982.84

Ethereum$29,799.96

Sonic$182.54

Revenue 24h$3,558.12

Ethereum$3,547.24

Sonic$10.88

Cumulative Revenue$4.32m

Ethereum$4.32m

Sonic$3,225.43

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$54.57m

$FT Price$0.11

All Time High$0.11

All Time Low$0.067

View $FT token page

$94.93m

$FT Volume 24h$45,517

CEX Volume$0

DEX Volume$173,203.77(380.53% of total)

Active Loans$5.63m

Treasury$48.92m

$11.28m

Stablecoins$37.58m

Own Tokens$3,299.33

Others$60,636.48

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.

WebsiteX/TwitterSafe 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 APY9.38%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $12.04m in total value locked. TVL has decreased 13.6% 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 90.3%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $145,862.63 in fees. Of that, $133,364.63 was protocol revenue. Based on the trailing year, the annualized rate is $6.42m in fees and $6.38m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.11. Its circulating market capitalization is $54.57m, ranking it #614. Its fully diluted valuation is $94.93m. Supply currently stands at 486.67m circulating, 846.67m total supply, 846.67m maximum supply.

How has FT performed recently?

FT is up 12.9% over the past 7 days and up 6.7% over the past 30 days. Its all-time high is $0.11, reached on Sep 25, 2026. The token is currently 2.3% 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 $5.63m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.92m. Its holdings include $37.58m in stablecoins, $11.28m in major assets, $3,299.33 in its own tokens, $60,636.48 in other assets.