Ask about Indexed Finance · freeIndexed Finance(NDX)
Total Value Locked$126,257
TVL by Chain
Ethereum$126,257
Protocol Information
Indexed Finance is a project focused on the development of passive portfolio management strategies for the Ethereum network.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubHacks
Date: Oct 14, 2021
Amount: $16m
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
On October 14, 2021, Indexed Finance's DEFI5 and CC10 pools were drained of $16M via a sophisticated flashloan attack. The attacker used massive flashloans to knock pool balances out of equilibrium, purchased component assets at heavily discounted rates, and executed the entire attack within a single transaction.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Mar 21, 2023
Amount: $9,925
Classification: Protocol Logic
Technique: Swap Logic Flaw
The ORCL5 index token was exploited through a flaw in the tokenAmountOut output calculation, allowing a flashloan-enabled attack to drain approximately $9,925 from the protocol within 11 minutes of vulnerability discovery.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Indexed Finance history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 2, 2021 to Nov 4, 2026.
All-time high TVL: $71.42m on Feb 12, 2021. All-time low TVL: $85,684 on Jul 1, 2026.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| Oct 6, 2026 | $150,393 |
| Oct 7, 2026 | $143,056 |
| Oct 8, 2026 | $140,869 |
| Oct 9, 2026 | $133,267 |
| Oct 10, 2026 | $136,883 |
| Oct 11, 2026 | $137,374 |
| Oct 12, 2026 | $140,820 |
| Oct 13, 2026 | $147,144 |
| Oct 14, 2026 | $155,056 |
| Oct 15, 2026 | $148,408 |
| Oct 16, 2026 | $146,526 |
| Oct 17, 2026 | $146,115 |
| Oct 18, 2026 | $150,992 |
| Oct 19, 2026 | $144,911 |
| Oct 20, 2026 | $143,728 |
| Oct 21, 2026 | $147,409 |
| Oct 22, 2026 | $143,568 |
| Oct 23, 2026 | $140,265 |
| Oct 24, 2026 | $135,424 |
| Oct 25, 2026 | $132,024 |
| Oct 26, 2026 | $129,600 |
| Oct 27, 2026 | $128,158 |
| Oct 28, 2026 | $130,959 |
| Oct 29, 2026 | $131,436 |
| Oct 30, 2026 | $112,906 |
| Oct 31, 2026 | $120,564 |
| Nov 1, 2026 | $125,137 |
| Nov 2, 2026 | $123,306 |
| Nov 3, 2026 | $118,601 |
| Nov 4, 2026 | $119,698 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.19m |
| Jan 31, 2025 | $691,232 |
| Feb 28, 2025 | $419,935 |
| Mar 31, 2025 | $338,245 |
| Apr 30, 2025 | $442,265 |
| May 31, 2025 | $381,607 |
| Jun 30, 2025 | $391,266 |
| Jul 31, 2025 | $462,543 |
| Aug 31, 2025 | $438,083 |
| Sep 30, 2025 | $359,809 |
| Oct 31, 2025 | $311,225 |
| Nov 30, 2025 | $216,293 |
| Dec 31, 2025 | $179,254 |
| Jan 31, 2026 | $150,830 |
| Feb 28, 2026 | $114,277 |
| Mar 31, 2026 | $116,899 |
| Apr 30, 2026 | $124,946 |
| May 31, 2026 | $119,492 |
| Jun 30, 2026 | $88,798 |
| Jul 31, 2026 | $99,860 |
| Aug 31, 2026 | $114,245 |
| Sep 30, 2026 | $143,315 |
| Oct 31, 2026 | $120,564 |
| Nov 4, 2026 (latest) | $119,698 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $10.63m |
| Dec 31, 2022 | $660,007 |
| Dec 31, 2023 | $292,306 |
| Dec 31, 2024 | $1.19m |
| Dec 31, 2025 | $179,254 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/indexed-finance
Frequently asked questions
What is Indexed Finance's TVL?
As of Nov 4, 2026, Indexed Finance has $126,257 in total value locked. TVL has decreased 16.3% over the past 30 days.
What chains does Indexed Finance operate on?
Indexed Finance operates on Ethereum. Ethereum holds the largest share at 100%.
How does Indexed Finance's TVL compare to similar protocols?
Among Indexes protocols tracked by DefiLlama, Indexed Finance ranks #18 by TVL. The category holds $300.2m across 77 protocols, and Indexed Finance accounts for <0.1% of that total. Similar protocols include SoSoValue Indexes, Enzyme Finance, Reserve Protocol, Chamber Vaults, Index Coop, Set Protocol, Asymmetry Finance, Alongside, SHPRD, and PieDAO.
Has Indexed Finance ever been exploited?
Indexed Finance has 2 recorded security incidents. The most recent incident occurred on Mar 21, 2023 and involved $9,925. It was classified as Protocol Logic.