Key Metrics
Fees (Annualized)$37,600.79
Fees 30d$5,945
Sonic$3,409.97
Ethereum$2,537.07
Fees 7d$1,851
Ethereum$1,100
Sonic$752.14
Fees 24h$321
Ethereum$169
Sonic$153
Cumulative Fees$13,301
Sonic$8,958.08
Ethereum$4,352.39
Revenue (Annualized)$222.72
Revenue 30d$29.95
Sonic$20.09
Ethereum$9.86
Revenue 7d$4.93
Ethereum$4.93
Sonic$0
Revenue 24h$0
Ethereum$0
Sonic$0
Cumulative Revenue$32.95
Sonic$23.09
Ethereum$9.86
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$56.05m
$FT Price$0.11
$127.01m
$FT Volume 24h$235,100
CEX Volume$121,663
DEX Volume$112,736.32(47.95% of total)
Active Loans$3.86m
Protocol Information
Flying Tulip Lend is a custom lending market live on Sonic and Ethereum.
Audits:
Methodology
TVL: TVL: for each Lend reserve, sums the underlying balance held at its ftYieldWrapperV2 plus the yield receipt (aToken, spToken, etc.) held by each of the wrapper's strategies. ftDNS-USDC's USDC balance is subtracted to prevent doublecounting with flying-tulip-ftusd. Borrowed: sums outstanding debt per reserve via LendingLens.assetState.borrows.View code on GitHubFees: 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 GitHubRevenue: 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 GitHubHolders Revenue: View code on GitHubCompetitors
Frequently Asked Questions
What is Flying Tulip Lend's TVL?
Flying Tulip Lend currently has $12.11m in total value locked. TVL has increased 19% over the past 30 days.
What chains does Flying Tulip Lend operate on?
Flying Tulip Lend operates on 2 chains: Ethereum and Sonic. Ethereum holds the largest share at 94.6%.
How much has Flying Tulip Lend generated in fees and revenue?
Over the past 30 days, Flying Tulip Lend generated $5,945 in fees. Of that, $29.95 was protocol revenue. Based on the trailing year, the annualized rate is $37,600.79 in fees and $222.72 in revenue.
What is the FT token price and valuation?
FT is currently trading at $0.11. Its circulating market capitalization is $56.33m, ranking it #548. Its fully diluted valuation is $127.64m. Supply currently stands at 528.17m circulating, 1.197b total supply, 10b maximum supply.
How has FT performed recently?
FT is up 7.8% over the past 7 days and up 12.5% over the past 30 days. Its all-time high is $0.3, reached on Feb 23, 2026. The token is currently 64.6% below that level.
How does Flying Tulip Lend's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Flying Tulip Lend ranks #56 by TVL. The category holds $49.358b across 515 protocols, and Flying Tulip Lend accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, Euler V2, Gearbox, Silo V2, Silo V3, Silo V1, Avalon Finance, dTRINITY dLEND, and Impermax V2.
How much has been borrowed through Flying Tulip Lend?
Flying Tulip Lend currently has $3.86m in active loans.
