Ask about Flying Tulip

Logo of Flying TulipFlying Tulip(FT)

Total Value Locked$12.98m

TVL by Chain

Ethereum$11.81m

Sonic$1.17m

Key Metrics

Fees 30d$150,729
Fees 30d by chain

Ethereum$144,247

Sonic$6,483

Fees 7d$36,657

Ethereum$35,201

Sonic$1,455

Fees 24h$5,167

Ethereum$4,944

Sonic$223.30

Cumulative Fees$4.39m

Ethereum$4.37m

Sonic$19,947

Revenue 30d$136,595
Revenue 30d by chain

Ethereum$136,221

Sonic$373.59

Revenue 7d$32,946

Ethereum$32,852

Sonic$93.45

Revenue 24h$4,636

Ethereum$4,611

Sonic$25.30

Cumulative Revenue$4.36m

Ethereum$4.36m

Sonic$3,356

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$75.51m

$FT Price$0.16

All Time High$0.16

All Time Low$0.067

View $FT token page

$80.19m

$FT Volume 24h$178,156

CEX Volume$0

DEX Volume$180,149(101.12% of total)

Active Loans$5.66m

Treasury$48.88m

$11.31m

Stablecoins$37.51m

Own Tokens$4,612

Others$65,054

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 APY11.46%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $12.98m in total value locked. TVL has decreased 4% 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 91%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $150,729 in fees. Of that, $136,595 was protocol revenue. Based on the trailing year, the annualized rate is $6.26m in fees and $6.21m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.16. Its circulating market capitalization is $75.93m, ranking it #495. Its fully diluted valuation is $80.63m. Supply currently stands at 486.79m circulating, 516.93m total supply, 516.93m maximum supply.

How has FT performed recently?

FT is up 30% over the past 7 days and up 55.4% over the past 30 days. Its all-time high is $0.16, reached on Oct 4, 2026. The token is currently 2.9% 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 $5.66m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.88m. Its holdings include $37.51m in stablecoins, $11.31m in major assets, $4,612 in its own tokens, $65,054 in other assets.