Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$11.26m

TVL by Chain

Ethereum$10.86m

Sonic$404,470.52

Key Metrics

Fees (Annualized)$7.94m
Fees 30d$121,009.25

Ethereum$118,882.16

Sonic$2,126.7

Fees 7d$29,469.25

Ethereum$28,970.16

Sonic$497.7

Fees 24h$5,178.25

Ethereum$5,094.16

Sonic$83.7

Cumulative Fees$4.05m

Ethereum$4.04m

Sonic$8,188.13

Revenue (Annualized)$7.92m
Revenue 30d$117,993.25

Ethereum$117,905

Sonic$86.25

Revenue 7d$28,686.25

Ethereum$28,676

Sonic$9.25

Revenue 24h$5,055.25

Ethereum$5,050

Sonic$5.25

Cumulative Revenue$4.04m

Ethereum$4.04m

Sonic$2,796.5

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

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$51.28m

$FT Price$0.093

All Time High$0.3

All Time Low$0.068

View $FT token page

$931.84m

$FT Volume 24h$275,922

CEX Volume$152,048.81

DEX Volume$121,309.56(43.97% of total)

Active Loans$877,736

Treasury$48.76m

$9.05m

Stablecoins$39.67m

Own Tokens$2,772.17

Others$39,477.16

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 yield aggregation protocol that pools user deposits into wrapper contracts and deploys them into automated yield strategies.

Category:Lending

WebsiteTwitterSafe Harbor Agreement

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 APY6.95%

Competitors

Aave V3 ($13.792b)Morpho Blue ($7.521b)Euler V2 ($325.04m)Gearbox ($18.41m)Flying Tulip Lend ($9.38m)SparkLend ($3.72b)Maple ($2.314b)Compound V3 ($1.14b)Venus Core Pool ($1.035b)Fluid Lending ($655.8m)

Frequently Asked Questions

What is Flying Tulip?

Flying Tulip is a yield aggregation protocol that pools user deposits into wrapper contracts and deploys them into automated yield strategies.

What is Flying Tulip's TVL?

Flying Tulip currently has $11.26m in total value locked. TVL has increased 30.8% 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 96.4%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $121,009.25 in fees. Of that, $117,993.25 was protocol revenue. Based on the trailing year, the annualized rate is $7.94m in fees and $7.92m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.093. Its circulating market capitalization is $51.28m, ranking it #554. Its fully diluted valuation is $931.84m. Supply currently stands at 549.48m circulating, 9.986b total supply, 10b maximum supply.

How has FT performed recently?

FT is up 1.9% over the past 7 days and down 4.2% over the past 30 days. Its all-time high is $0.3, reached on Feb 23, 2026. The token is currently 68.9% 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 $877,736 in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.76m. Its holdings include $39.67m in stablecoins, $9.05m in major assets, $2,772.17 in its own tokens, $39,477.16 in other assets.