Ask about INIT Capital · freeTotal Value Locked$1.9m
TVL by Chain
Mantle$1.8m
Blast$104,364
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$0
Total Raised$3.1m
Feb 21, 2024$3.1mRound: SeedInvestors: Electric Capital, Mirana Ventures, Maelstrom, Robot Ventures, Nomad Capital, Tangent, Bankless Ventures, Selini Capital, Faction Ventures, Julian Koh, leptokurtic, Tai Panich, David Choi, Ashwin Ramachandran
Protocol Information
The Liquidity Hook Money Market: Lend, Borrow, and Access Yield Strategies with Liquidity Hook.
Audits:
Methodology
TVL: Count all the underlying locked and borrowed under every INIT Lending PoolsView code on GitHubCompetitors
INIT Capital history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jan 24, 2024 to Oct 23, 2026.
All-time high TVL: $166.4m on Jul 22, 2024. All-time low TVL: $1.9m on Oct 23, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $2.09m |
| Sep 25, 2026 | $2.1m |
| Sep 26, 2026 | $2.1m |
| Sep 27, 2026 | $2.1m |
| Sep 28, 2026 | $2.09m |
| Sep 29, 2026 | $2.09m |
| Sep 30, 2026 | $2.08m |
| Oct 1, 2026 | $2.09m |
| Oct 2, 2026 | $2.09m |
| Oct 3, 2026 | $2.08m |
| Oct 4, 2026 | $2.08m |
| Oct 5, 2026 | $2.07m |
| Oct 6, 2026 | $2.06m |
| Oct 7, 2026 | $2.05m |
| Oct 8, 2026 | $2.01m |
| Oct 9, 2026 | $1.98m |
| Oct 10, 2026 | $1.98m |
| Oct 11, 2026 | $1.99m |
| Oct 12, 2026 | $2m |
| Oct 13, 2026 | $1.97m |
| Oct 14, 2026 | $1.96m |
| Oct 15, 2026 | $1.93m |
| Oct 16, 2026 | $1.94m |
| Oct 17, 2026 | $1.93m |
| Oct 18, 2026 | $1.93m |
| Oct 19, 2026 | $1.92m |
| Oct 20, 2026 | $1.9m |
| Oct 21, 2026 | $1.92m |
| Oct 22, 2026 | $1.93m |
| Oct 23, 2026 | $1.9m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $111.87m |
| Dec 31, 2024 | $99.36m |
| Jan 31, 2025 | $94.75m |
| Feb 28, 2025 | $56.08m |
| Mar 31, 2025 | $30.35m |
| Apr 30, 2025 | $26.57m |
| May 31, 2025 | $26.71m |
| Jun 30, 2025 | $22.48m |
| Jul 31, 2025 | $25.71m |
| Aug 31, 2025 | $23.2m |
| Sep 30, 2025 | $21.96m |
| Oct 31, 2025 | $18.44m |
| Nov 30, 2025 | $13.07m |
| Dec 31, 2025 | $12.65m |
| Jan 31, 2026 | $6.26m |
| Feb 28, 2026 | $4.42m |
| Mar 31, 2026 | $4.05m |
| Apr 30, 2026 | $3.24m |
| May 31, 2026 | $2.69m |
| Jun 30, 2026 | $2.01m |
| Jul 31, 2026 | $2.05m |
| Aug 31, 2026 | $2.07m |
| Sep 30, 2026 | $2.08m |
| Oct 23, 2026 (latest) | $1.9m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $99.36m |
| Dec 31, 2025 | $12.65m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/init-capital
Frequently asked questions
What is INIT Capital's TVL?
As of Oct 23, 2026, INIT Capital has $1.9m in total value locked. TVL has decreased 10.1% over the past 30 days.
What chains does INIT Capital operate on?
INIT Capital operates on 2 chains: Mantle and Blast. Mantle holds the largest share at 94.5%.
How does INIT Capital's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, INIT Capital ranks #108 by TVL. The category holds $52.789b across 518 protocols, and INIT Capital accounts for <0.1% of that total. Similar protocols include Impermax V2, Aave V3, Compound V3, Euler V2, Dolomite, Kinza Finance, ZeroLend Lending, Orbit Protocol, Timeswap V2, and Lendle Pooled Markets.
How much has been borrowed through INIT Capital?
As of Oct 23, 2026, INIT Capital has $0 in active loans.