Ask about Infrared Finance · freeTotal Value Locked$17.77m
TVL by Chain
Berachain$17.77m
Key Metrics
Fees 30d$16,360
Fees 30d by chain
Berachain$16,360
Fees 7d$3,491
Berachain$3,491
Fees 24h$415
Berachain$415
Cumulative Fees$8.48m
Berachain$8.48m
Revenue 30d$16,360
Revenue 30d by chain
Berachain$16,360
Revenue 7d$3,491
Berachain$3,491
Revenue 24h$415
Berachain$415
Cumulative Revenue$8.48m
Berachain$8.48m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$224,859
Earnings 30d$16,360
Earnings 7d$3,491
Earnings 24h$415
Cumulative Earnings$8.48m
Market Cap$682,453
$IR Price$0.0033
Fully Diluted Valuation$3.33m
Outstanding FDV$3m
$IR Volume 24h$64,859
CEX Volume$65,180
DEX Volume$5,518(8.51% of total)
Total Raised$16.5m
Jan 29, 2024$2.5mRound: SeedInvestors: Synergis, NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao5, Sygnum Capital, Ouroboros Capital, Decima, Oak Grove Ventures, Dorahacks, Tenzor Capital, Alex Shin, Albert Chon, Charles Lu, MrBlock, Chris Spadafora, DCF God
Jun 24, 2024Round: PrivateInvestors: Binance Labs
Mar 4, 2025$14mRound: Series AInvestors: Framework Ventures, Decima, Rubik Ventures, Symbolic Capital, NGC Ventures, No Limit Holdings, Axiom, Auros Global, Animoca Brands, Halo Capital, CitizenX, Selini Capital, Stakestone, Ether.fi, Origami Finance, Ramen Finance, AlfaDAO, TempleDAO, Beraborrow
Protocol Information
Infrared Finance is a BERA liquid staking protocol which utilizes proof of liquidity to maximize yields
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Staking rewardsView code on GitHubRevenue: Percentage of user rewards paid to protocolView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked1
Average Supply APY2.95%
Competitors
Infrared Finance history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 13, 2025 to Oct 19, 2026.
All-time high TVL: $2.412b on Mar 27, 2025. All-time low TVL: $16.14m on Aug 14, 2026.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $22.95m |
| Sep 21, 2026 | $22.59m |
| Sep 22, 2026 | $23.73m |
| Sep 23, 2026 | $24.01m |
| Sep 24, 2026 | $22.63m |
| Sep 25, 2026 | $23.27m |
| Sep 26, 2026 | $23.93m |
| Sep 27, 2026 | $23.77m |
| Sep 28, 2026 | $24.16m |
| Sep 29, 2026 | $22.43m |
| Sep 30, 2026 | $24.99m |
| Oct 1, 2026 | $25.52m |
| Oct 2, 2026 | $24.34m |
| Oct 3, 2026 | $23.74m |
| Oct 4, 2026 | $23.35m |
| Oct 5, 2026 | $23.28m |
| Oct 6, 2026 | $24.08m |
| Oct 7, 2026 | $23.97m |
| Oct 8, 2026 | $22.31m |
| Oct 9, 2026 | $21.61m |
| Oct 10, 2026 | $21.72m |
| Oct 11, 2026 | $22.87m |
| Oct 12, 2026 | $23.15m |
| Oct 13, 2026 | $21.82m |
| Oct 14, 2026 | $23.19m |
| Oct 15, 2026 | $24.28m |
| Oct 16, 2026 | $22.43m |
| Oct 17, 2026 | $19.56m |
| Oct 18, 2026 | $18.81m |
| Oct 19, 2026 | $17.94m |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $1.466b |
| Mar 31, 2025 | $2.008b |
| Apr 30, 2025 | $1.624b |
| May 31, 2025 | $911.23m |
| Jun 30, 2025 | $584.54m |
| Jul 31, 2025 | $317.5m |
| Aug 31, 2025 | $432.36m |
| Sep 30, 2025 | $463.95m |
| Oct 31, 2025 | $364.52m |
| Nov 30, 2025 | $158.25m |
| Dec 31, 2025 | $204.56m |
| Jan 31, 2026 | $101m |
| Feb 28, 2026 | $110.83m |
| Mar 31, 2026 | $57.91m |
| Apr 30, 2026 | $50.24m |
| May 31, 2026 | $47.25m |
| Jun 30, 2026 | $24.23m |
| Jul 31, 2026 | $17.79m |
| Aug 31, 2026 | $18.24m |
| Sep 30, 2026 | $24.99m |
| Oct 19, 2026 (latest) | $17.94m |
Fees and revenue by UTC calendar month, Feb 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Feb 2025 | $184,290 | $184,290 |
| Mar 2025 | $2.81m | $2.81m |
| Apr 2025 | $1.67m | $1.67m |
| May 2025 | $1.41m | $1.41m |
| Jun 2025 | $832,201 | $832,201 |
| Jul 2025 | $608,419 | $608,419 |
| Aug 2025 | $262,182 | $262,182 |
| Sep 2025 | $370,995 | $370,995 |
| Oct 2025 | $145,225 | $145,225 |
| Nov 2025 | $41,759 | $41,759 |
| Dec 2025 | $19,390 | $19,390 |
| Jan 2026 | $24,912 | $24,912 |
| Feb 2026 | $18,968 | $18,968 |
| Mar 2026 | $10,304 | $10,304 |
| Apr 2026 | $8,564 | $8,564 |
| May 2026 | $5,720 | $5,720 |
| Jun 2026 | $25,214 | $25,214 |
| Jul 2026 | $8,182 | $8,182 |
| Aug 2026 | $6,560 | $6,560 |
| Sep 2026 | $12,721 | $12,721 |
| Oct 2026 (to date) | $10,046 | $10,046 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/infrared-finance
Frequently asked questions
What is Infrared Finance's TVL?
As of Oct 19, 2026, Infrared Finance has $17.77m in total value locked. TVL has decreased 15.1% over the past 30 days.
What chains does Infrared Finance operate on?
Infrared Finance operates on Berachain. Berachain holds the largest share at 100%.
How much has Infrared Finance generated in fees and revenue?
Over the past 30 days, Infrared Finance generated $16,360 in fees. Of that, $16,360 was protocol revenue. Based on the trailing year, the annualized rate is $224,859 in fees and $224,859 in revenue.
What is the IR token price and valuation?
IR is currently trading at $0.0033. Its circulating market capitalization is $682,453, ranking it #3,862. Its fully diluted valuation is $3.33m. Supply currently stands at 205m circulating, 1b total supply, 1b maximum supply.
How has IR performed recently?
IR is down 21.6% over the past 7 days and down 44% over the past 30 days. Its all-time high is $0.30, reached on Dec 21, 2025. The token is currently 98.9% below that level.
How does Infrared Finance's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Infrared Finance ranks #63 by TVL. The category holds $55.155b across 264 protocols, and Infrared Finance accounts for <0.1% of that total. Other leading protocols include ether.fi Stake, Stride, Lair Finance, Smilee Finance gBERA, BeraPaw, Lido, Binance staked ETH, JustLend sTRX, Sanctum Validator LSTs, and Rocket Pool.
How many yield pools does Infrared Finance have?
DefiLlama tracks 1 Infrared Finance yield pool with an average APY of 2.9%.