Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$12.52m

TVL by Chain

Ethereum$12.1m

Sonic$419,273.52

Key Metrics

Fees (Annualized)$7.7m
Fees 30d$122,600.01

Ethereum$120,134.17

Sonic$2,465.34

Fees 7d$29,096.76

Ethereum$28,314.01

Sonic$783.64

Fees 24h$6,207.91

Ethereum$6,072.74

Sonic$134.94

Cumulative Fees$4.08m

Ethereum$4.07m

Sonic$9,005.94

Revenue (Annualized)$7.69m
Revenue 30d$118,929.51

Ethereum$118,871.33

Sonic$56.9

Revenue 7d$27,909.26

Ethereum$27,872.33

Sonic$37.65

Revenue 24h$6,020.58

Ethereum$6,003.97

Sonic$16.61

Cumulative Revenue$4.07m

Ethereum$4.06m

Sonic$2,834.5

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$53.92m

$FT Price$0.098

All Time High$0.3

All Time Low$0.068

View $FT token page

$117.92m

$FT Volume 24h$242,428

CEX Volume$113,726.92

DEX Volume$128,945.18(53.19% of total)

Active Loans$985,830

Treasury$48.53m

$9.09m

Stablecoins$39.41m

Own Tokens$2,908.25

Others$23,539.22

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 APY8.01%

Competitors

Aave V3 ($13.93b)Morpho Blue ($7.555b)Euler V2 ($326.23m)Gearbox ($18.32m)Flying Tulip Lend ($10.64m)SparkLend ($3.691b)Maple ($2.264b)Compound V3 ($1.126b)Venus Core Pool ($1.036b)Fluid Lending ($662.31m)

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 $12.52m in total value locked. TVL has increased 31.4% 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 96.7%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $122,600.01 in fees. Of that, $118,929.51 was protocol revenue. Based on the trailing year, the annualized rate is $7.7m in fees and $7.69m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.098. Its circulating market capitalization is $53.92m, ranking it #527. Its fully diluted valuation is $117.92m. Supply currently stands at 547.45m circulating, 1.197b total supply, 10b maximum supply.

How has FT performed recently?

FT is up 2% over the past 7 days and down <0.1% over the past 30 days. Its all-time high is $0.3, reached on Feb 23, 2026. The token is currently 67.2% 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 $985,830 in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.53m. Its holdings include $39.41m in stablecoins, $9.09m in major assets, $2,908.25 in its own tokens, $23,539.22 in other assets.