Ask about Flying Tulip

Logo of Flying TulipFlying Tulip(FT)

Total Value Locked$11.77m

TVL by Chain

Ethereum$10.9m

Sonic$877,839.76

Key Metrics

Fees 30d$144,280.67
Fees 30d by chain

Ethereum$138,898.07

Sonic$5,384.67

Fees 7d$43,193.53

Ethereum$41,726.18

Sonic$1,468.35

Fees 24h$6,162.16

Ethereum$5,946.15

Sonic$216.01

Cumulative Fees$4.32m

Ethereum$4.3m

Sonic$16,663.66

Revenue 30d$132,984.6
Revenue 30d by chain

Ethereum$132,866

Sonic$119.53

Revenue 7d$40,161.53

Ethereum$40,118.18

Sonic$43.35

Revenue 24h$5,714.16

Ethereum$5,707.15

Sonic$7.01

Cumulative Revenue$4.3m

Ethereum$4.29m

Sonic$3,075.17

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$49.02m

$FT Price$0.1

All Time High$0.11

All Time Low$0.067

View $FT token page

$84.76m

$FT Volume 24h$173,803

CEX Volume$112,726

DEX Volume$173,971.38(100.1% of total)

Active Loans$4.52m

Treasury$49.03m

$11.38m

Stablecoins$37.59m

Own Tokens$2,963.23

Others$54,527.47

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 APY9.53%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $11.77m in total value locked. TVL has decreased 8.8% 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 92.5%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $144,280.67 in fees. Of that, $132,984.6 was protocol revenue. Based on the trailing year, the annualized rate is $6.54m in fees and $6.5m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.1. Its circulating market capitalization is $49.02m, ranking it #638. Its fully diluted valuation is $84.77m. Supply currently stands at 490.42m circulating, 848.02m total supply, 848.02m maximum supply.

How has FT performed recently?

FT is down 1.4% over the past 7 days and up 1.6% over the past 30 days. Its all-time high is $0.11, reached on Jun 10, 2026. The token is currently 10% 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 $4.52m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $49.03m. Its holdings include $37.59m in stablecoins, $11.38m in major assets, $2,963.23 in its own tokens, $54,527.47 in other assets.