Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$12.58m

TVL by Chain

Ethereum$12.21m

Sonic$361,920.52

Key Metrics

Fees (Annualized)$7.77m
Fees 30d$119,633.97

Ethereum$117,299.18

Sonic$2,334.67

Fees 7d$28,113.97

Ethereum$27,441.18

Sonic$673.67

Fees 24h$4,295.78

Ethereum$4,166.75

Sonic$128.68

Cumulative Fees$4.06m

Ethereum$4.06m

Sonic$8,623.67

Revenue (Annualized)$7.75m
Revenue 30d$116,162.13

Ethereum$116,127.96

Sonic$32.89

Revenue 7d$27,067.13

Ethereum$27,048.96

Sonic$18.89

Revenue 24h$4,108.41

Ethereum$4,098.1

Sonic$10.31

Cumulative Revenue$4.06m

Ethereum$4.05m

Sonic$2,803.89

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$54.73m

$FT Price$0.1

All Time High$0.3

All Time Low$0.068

View $FT token page

$119.57m

$FT Volume 24h$343,682

CEX Volume$178,566.92

DEX Volume$158,650.6(46.16% of total)

Active Loans$972,812

Treasury$48.79m

$9.27m

Stablecoins$39.5m

Own Tokens$2,890.43

Others$22,909.5

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 APY8.37%

Competitors

Aave V3 ($14.016b)Morpho Blue ($7.755b)Euler V2 ($373.57m)Gearbox ($18.5m)Flying Tulip Lend ($10.67m)SparkLend ($3.726b)Maple ($2.244b)Compound V3 ($1.14b)Venus Core Pool ($1.053b)Fluid Lending ($665.25m)

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 $12.58m in total value locked. TVL has increased 40.1% 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 97.1%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $119,633.97 in fees. Of that, $116,162.13 was protocol revenue. Based on the trailing year, the annualized rate is $7.77m in fees and $7.75m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.1. Its circulating market capitalization is $54.73m, ranking it #527. Its fully diluted valuation is $119.57m. Supply currently stands at 548.02m circulating, 1.197b total supply, 10b maximum supply.

How has FT performed recently?

FT is up 5.1% over the past 7 days and up 2.3% over the past 30 days. Its all-time high is $0.3, reached on Feb 23, 2026. The token is currently 66.7% 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 $972,812 in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.79m. Its holdings include $39.5m in stablecoins, $9.27m in major assets, $2,890.43 in its own tokens, $22,909.5 in other assets.