Ask about Indigo · freeTotal Value Locked$2.97m
TVL by Chain
Cardano$2.97m
Key Metrics
Fees 30d$14,672
Fees 30d by chain
Cardano$14,672
Fees 7d$1,087
Cardano$1,087
Fees 24h$295
Cardano$295
Cumulative Fees$9.39m
Cardano$9.39m
Revenue 30d$14,672
Revenue 30d by chain
Cardano$14,672
Revenue 7d$1,087
Cardano$1,087
Revenue 24h$295
Cardano$295
Cumulative Revenue$4.21m
Cardano$4.21m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Cardano$0
Holders Revenue 7d$0
Cardano$0
Holders Revenue 24h$0
Cardano$0
Cumulative Holders Revenue$998,512
Cardano$998,512
Market Cap$1.57m
$INDY Price$0.077
Fully Diluted Valuation$2.69m
$INDY Volume 24h$4,426
CEX Volume$0
DEX Volume$4,428(100.05% of total)
Staked$907,274(57.63% of mcap)
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: CDP fees paid by users. Since Indigo V3 (May 28, 2026): borrow interest added to the interest-collection contract, plus debt minting, redemption, liquidation processing and stableswap fees paid into the treasury. Before V3: inflows to the V2 treasury and INDY staker collector reported by Indigo's analytics API. Excludes liquidated collateral, which goes to Stability Pool depositors, and Minswap fee-sharing income.View code on GitHubRevenue: All CDP fees paid by users, which the protocol keeps in its treasury and interest-collection contract (or, before V3, sent to INDY stakers).View code on GitHubHolders Revenue: Before Indigo V3, CDP fees sent to the INDY staker collector. V3 sends no fees to stakers directly.View code on GitHubYields
Pools Tracked4
Average Supply APY0%
Competitors
Indigo history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Nov 24, 2022 to Nov 12, 2026.
All-time high TVL: $125.56m on Mar 12, 2024. All-time low TVL: $2.92m on Nov 11, 2026.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $4.06m |
| Oct 15, 2026 | $3.93m |
| Oct 16, 2026 | $3.95m |
| Oct 17, 2026 | $3.86m |
| Oct 18, 2026 | $3.79m |
| Oct 19, 2026 | $3.81m |
| Oct 20, 2026 | $3.66m |
| Oct 21, 2026 | $3.79m |
| Oct 22, 2026 | $3.83m |
| Oct 23, 2026 | $3.58m |
| Oct 24, 2026 | $3.55m |
| Oct 25, 2026 | $3.53m |
| Oct 26, 2026 | $3.46m |
| Oct 27, 2026 | $3.49m |
| Oct 28, 2026 | $3.47m |
| Oct 29, 2026 | $3.47m |
| Oct 30, 2026 | $3.12m |
| Oct 31, 2026 | $3.3m |
| Nov 1, 2026 | $3.26m |
| Nov 2, 2026 | $3.27m |
| Nov 3, 2026 | $3.21m |
| Nov 4, 2026 | $3.18m |
| Nov 5, 2026 | $3.34m |
| Nov 6, 2026 | $3.08m |
| Nov 7, 2026 | $3.12m |
| Nov 8, 2026 | $3.07m |
| Nov 9, 2026 | $2.98m |
| Nov 10, 2026 | $2.96m |
| Nov 11, 2026 | $2.92m |
| Nov 12, 2026 | $2.98m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $70.16m |
| Jan 31, 2025 | $76.79m |
| Feb 28, 2025 | $48.6m |
| Mar 31, 2025 | $48.07m |
| Apr 30, 2025 | $46.21m |
| May 31, 2025 | $44.98m |
| Jun 30, 2025 | $33.92m |
| Jul 31, 2025 | $44.1m |
| Aug 31, 2025 | $41.12m |
| Sep 30, 2025 | $32.9m |
| Oct 31, 2025 | $22.84m |
| Nov 30, 2025 | $12.84m |
| Dec 31, 2025 | $10.26m |
| Jan 31, 2026 | $8.53m |
| Feb 28, 2026 | $7.39m |
| Mar 31, 2026 | $6.38m |
| Apr 30, 2026 | $6.41m |
| May 31, 2026 | $6.19m |
| Jun 30, 2026 | $3.4m |
| Jul 31, 2026 | $3.99m |
| Aug 31, 2026 | $3.93m |
| Sep 30, 2026 | $4.36m |
| Oct 31, 2026 | $3.3m |
| Nov 12, 2026 (latest) | $2.98m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $7.79m |
| Dec 31, 2023 | $98.73m |
| Dec 31, 2024 | $70.16m |
| Dec 31, 2025 | $10.26m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $277,759 | $202,021 | $68,214 |
| Jan 2025 | $192,579 | $153,788 | $50,696 |
| Feb 2025 | $317,517 | $305,476 | $103,405 |
| Mar 2025 | $193,925 | $134,644 | $43,187 |
| Apr 2025 | $757,294 | $757,246 | $230,240 |
| May 2025 | $90,861 | $90,839 | $20,456 |
| Jun 2025 | $253,510 | $181,513 | $10,255 |
| Jul 2025 | $298,470 | $278,591 | $75,065 |
| Aug 2025 | $117,882 | $109,271 | $3,036 |
| Sep 2025 | $1.98m | $152,363 | $17,426 |
| Oct 2025 | $812,030 | $328,868 | $5,211 |
| Nov 2025 | $300,868 | $251,959 | $33,702 |
| Dec 2025 | $653,901 | $132,133 | $22,010 |
| Jan 2026 | $821,096 | $42,470 | $9,830 |
| Feb 2026 | $271,709 | $101,381 | $9,849 |
| Mar 2026 | $32,304 | $14,842 | $2,158 |
| Apr 2026 | $71,089 | $40,422 | $346 |
| May 2026 | $111,713 | $24,837 | $528.45 |
| Jun 2026 | $640,886 | $583 | $0 |
| Jul 2026 | $0 | $0 | $0 |
| Aug 2026 | $0 | $0 | $0 |
| Sep 2026 | $0 | $0 | $0 |
| Oct 2026 | $13,528 | $13,528 | $0 |
| Nov 2026 (to date) | $1,438 | $1,438 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/indigo
Frequently asked questions
What is Indigo's TVL?
As of Nov 12, 2026, Indigo has $2.97m in total value locked. TVL has decreased 25.2% over the past 30 days.
What chains does Indigo operate on?
Indigo operates on Cardano. Cardano holds the largest share at 100%.
How much has Indigo generated in fees and revenue?
Over the past 30 days, Indigo generated $14,672 in fees. Of that, $14,672 was protocol revenue. Based on the trailing year, the annualized rate is $3.36m in fees and $683,607 in revenue.
What is the INDY token price and valuation?
INDY is currently trading at $0.077. Its circulating market capitalization is $1.57m, ranking it #3,023. Its fully diluted valuation is $2.69m. Supply currently stands at 20.45m circulating, 35m total supply, 35m maximum supply.
How has INDY performed recently?
INDY is down 10.3% over the past 7 days and down 37.2% over the past 30 days. Its all-time high is $4.50, reached on Jul 13, 2023. The token is currently 98.3% below that level.
How does Indigo's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Indigo ranks #24 by TVL. The category holds $5.701b across 198 protocols, and Indigo accounts for 0.1% of that total. Similar protocols include reed, Sky Lending, USDD, Liquity V1, Reservoir Protocol, crvUSD, Liquity V2, Lista CDP, Frankencoin, and Inverse Finance FiRM.
How many yield pools does Indigo have?
DefiLlama tracks 4 Indigo yield pools with an average APY of 0%.