Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$12.61m

TVL by Chain

Ethereum$12.21m

Sonic$399,929.52

Key Metrics

Fees (Annualized)$7.61m
Fees 30d$121,761.08

Ethereum$119,093.57

Sonic$2,667.13

Fees 7d$27,770.98

Ethereum$26,854.56

Sonic$916.22

Fees 24h$3,314.68

Ethereum$3,149.32

Sonic$165.68

Cumulative Fees$4.09m

Ethereum$4.08m

Sonic$9,487.46

Revenue (Annualized)$7.59m
Revenue 30d$117,774.96

Ethereum$117,683.6

Sonic$90.07

Revenue 7d$26,437.69

Ethereum$26,363.75

Sonic$73.93

Revenue 24h$3,092.67

Ethereum$3,074

Sonic$18.67

Cumulative Revenue$4.08m

Ethereum$4.08m

Sonic$2,881.58

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$53.34m

$FT Price$0.097

All Time High$0.3

All Time Low$0.067

View $FT token page

$116.74m

$FT Volume 24h$268,182

CEX Volume$113,501

DEX Volume$164,707.08(61.42% of total)

Active Loans$1.09m

Treasury$48.31m

$8.95m

Stablecoins$39.33m

Own Tokens$2,877.58

Others$24,196.29

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 APY8.22%

Competitors

Aave V3 ($13.997b)Morpho Blue ($7.736b)Euler V2 ($361.37m)Gearbox ($17.96m)Flying Tulip Lend ($10.73m)SparkLend ($3.673b)Maple ($2.303b)Compound V3 ($1.126b)Venus Core Pool ($1.061b)Fluid Lending ($658.95m)

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 $12.61m in total value locked. TVL has increased 28.3% 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 96.8%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $121,761.08 in fees. Of that, $117,774.96 was protocol revenue. Based on the trailing year, the annualized rate is $7.61m in fees and $7.59m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.097. Its circulating market capitalization is $53.18m, ranking it #535. Its fully diluted valuation is $116.39m. Supply currently stands at 547.05m circulating, 1.197b total supply, 10b maximum supply.

How has FT performed recently?

FT is up 2.4% over the past 7 days and up 1.2% over the past 30 days. Its all-time high is $0.3, reached on Feb 23, 2026. The token is currently 67.6% 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 $1.09m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.31m. Its holdings include $39.33m in stablecoins, $8.95m in major assets, $2,877.58 in its own tokens, $24,196.29 in other assets.