Total Value Locked$8.64m
TVL by Chain
Ethereum$7.31m
Sonic$1.29m
BSC$34,167
Key Metrics
Fees 30d$19,144
Fees 30d by chain
Ethereum$9,642
Sonic$9,497
BSC$6.41
Fees 7d$4,874
Sonic$2,762
Ethereum$2,107
BSC$5.11
Fees 24h$677
Sonic$360
Ethereum$315
BSC$1.72
Cumulative Fees$47,930
Sonic$25,381
Ethereum$22,541
BSC$6.73
Revenue 30d$200.56
Revenue 30d by chain
Sonic$124.45
Ethereum$75.65
BSC$0.46
Revenue 7d$9.01
Ethereum$6.05
Sonic$2.94
BSC$0.01
Revenue 24h$2.76
Ethereum$2.71
Sonic$0.05
BSC$0
Cumulative Revenue$376.80
Sonic$196.14
Ethereum$179.87
BSC$0.78
Holders Revenue 30d$0
Holders Revenue 30d by chain
BSC$0
Ethereum$0
Sonic$0
Holders Revenue 7d$0
BSC$0
Ethereum$0
Sonic$0
Holders Revenue 24h$0
BSC$0
Ethereum$0
Sonic$0
Cumulative Holders Revenue$0
BSC$0
Ethereum$0
Sonic$0
Market Cap$56.61m
$FT Price$0.12
Fully Diluted Valuation$60.12m
$FT Volume 24h$28,665
CEX Volume$0
DEX Volume$27,236(95.02% of total)
Active Loans$5.96m
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, minus the position of ftUSD's Delta-Neutral strategy in ftUSD collateral tokens, which is counted under flying-tulip-ftusd. When ftUSD's position exceeds a reserve's idle cash, part of it is lent out, so that token can show a negative balance. Borrowed: sums outstanding debt per reserve via LendingLens.assetState.borrows.View code on GitHubFees: Estimated borrower interest using end-of-window debt and rates, plus measured leverage trading and RFQ liquidation fees.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
Flying Tulip Lend history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from May 12, 2026 to Oct 31, 2026.
All-time high TVL: $12.42m on Aug 28, 2026. All-time low TVL: $2.17m on May 12, 2026.
Daily TVL, Oct 2, 2026 to Oct 31, 2026
| Date | TVL |
|---|---|
| Oct 2, 2026 | $8.36m |
| Oct 3, 2026 | $8.34m |
| Oct 4, 2026 | $8.54m |
| Oct 5, 2026 | $8.7m |
| Oct 6, 2026 | $8.79m |
| Oct 7, 2026 | $8.72m |
| Oct 8, 2026 | $8.45m |
| Oct 9, 2026 | $8.19m |
| Oct 10, 2026 | $8.48m |
| Oct 11, 2026 | $8.66m |
| Oct 12, 2026 | $9.26m |
| Oct 13, 2026 | $9.13m |
| Oct 14, 2026 | $9.51m |
| Oct 15, 2026 | $9.26m |
| Oct 16, 2026 | $9.39m |
| Oct 17, 2026 | $9.3m |
| Oct 18, 2026 | $9.21m |
| Oct 19, 2026 | $9.26m |
| Oct 20, 2026 | $9.39m |
| Oct 21, 2026 | $9.66m |
| Oct 22, 2026 | $9.84m |
| Oct 23, 2026 | $9.33m |
| Oct 24, 2026 | $9.32m |
| Oct 25, 2026 | $9.17m |
| Oct 26, 2026 | $9.1m |
| Oct 27, 2026 | $9.13m |
| Oct 28, 2026 | $9.13m |
| Oct 29, 2026 | $9.2m |
| Oct 30, 2026 | $8.58m |
| Oct 31, 2026 | $8.62m |
TVL at each month end, May 2026 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2026 | $3.29m |
| Jun 30, 2026 | $7.09m |
| Jul 31, 2026 | $10.69m |
| Aug 31, 2026 | $11.01m |
| Sep 30, 2026 | $8.14m |
| Oct 31, 2026 | $8.62m |
Fees, revenue and holders revenue by UTC calendar month, Apr 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Apr 2026 | $157 | $0 | $0 |
| May 2026 | $1,261 | $0.25 | $0 |
| Jun 2026 | $2,830 | $0.01 | $0 |
| Jul 2026 | $3,663 | $18.02 | $0 |
| Aug 2026 | $7,089 | $63.65 | $0 |
| Sep 2026 | $13,787 | $94.31 | $0 |
| Oct 2026 (to date) | $19,821 | $203.32 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/flying-tulip-lend
Frequently asked questions
What is Flying Tulip Lend's TVL?
As of Oct 31, 2026, Flying Tulip Lend has $8.64m in total value locked. TVL has increased 4.6% over the past 30 days.
What chains does Flying Tulip Lend operate on?
Flying Tulip Lend operates on 3 chains: Ethereum, Sonic, and BSC. Ethereum holds the largest share at 84.6%.
How much has Flying Tulip Lend generated in fees and revenue?
Over the past 30 days, Flying Tulip Lend generated $19,144 in fees. Of that, $200.56 was protocol revenue. Based on the trailing year, the annualized rate is $91,118 in fees and $887.30 in revenue.
What is the FT token price and valuation?
FT is currently trading at $0.12. Its circulating market capitalization is $56.36m, ranking it #559. Its fully diluted valuation is $59.85m. Supply currently stands at 486.59m circulating, 516.74m total supply, 516.74m maximum supply.
How has FT performed recently?
FT is down 14.2% over the past 7 days and down 4% over the past 30 days. Its all-time high is $0.17, reached on Oct 12, 2026. The token is currently 31.3% below that level.
How does Flying Tulip Lend's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Flying Tulip Lend ranks #64 by TVL. The category holds $50.073b across 518 protocols, and Flying Tulip Lend accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Euler V2, Gearbox, Avalon Finance, Venus Core Pool, Lista Lending, Native Credit Pool, BiFi, and Unitus.
How much has been borrowed through Flying Tulip Lend?
As of Oct 31, 2026, Flying Tulip Lend has $5.96m in active loans.