Ask about Ion Protocol · freeTotal Value Locked$33,822
TVL by Chain
Ethereum$33,822
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$22,543
Total Raised$6.8m
Jul 13, 2023$2mRound: Pre-SeedInvestors: Portal Ventures, SevenX Ventures, Bankless Ventures, Maelstrom, Alexander Larsen, Ryan Watkins, Hash Capital, Foresight Ventures, Smrti Labs, Maelstrom Fund, Breed VC, Everstake Pool, Punk Ventures DAO, Builder VC, Picks and Shovels VC, Marc Weinstein, Anthony Sassano, Daniel Dizion, Catrina Wang, Defi Dave, David Gogel, Paul Kim, Ryan Selkis, Yuki Yuminaga, Daniel Cheung, Wilson Withiam, Jack Sun, Ahboyash
Aug 12, 2024$4.8mRound: Investors: Gumi Cryptos Capital, Portal Ventures, SevenX Ventures, Bankless Ventures, Finality Capital Partners, Manifold, Robot Ventures, Maelstrom, NGC Ventures, Collider, Breed VC, Amir Forouzani, Azeem Khan, Mike Sligadze, Smokey The Bera, Chris Tham, Kratik Lodha, Daniel Dizon, Verity Coltman, Richard Malone
Protocol Information
Ion Protocol is a price-agnostic lending platform built to support staked and restaked assets. It allows users to participate in lending markets of all kinds, ranging from leveraged staking yields to points multiplier pools and more. Ion focuses on bringing staking-based mechanisms to DeFi, creating an enhanced lending and borrowing experience for users to earn more while risking less
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubCompetitors
Ion Protocol history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Apr 27, 2024 to Oct 29, 2026.
All-time high TVL: $9.34m on Jun 7, 2024. All-time low TVL: $21,947 on Jun 26, 2026.
Daily TVL, Sep 30, 2026 to Oct 29, 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $38,746 |
| Oct 1, 2026 | $39,051 |
| Oct 2, 2026 | $39,404 |
| Oct 3, 2026 | $38,874 |
| Oct 4, 2026 | $39,055 |
| Oct 5, 2026 | $39,528 |
| Oct 6, 2026 | $39,408 |
| Oct 7, 2026 | $39,142 |
| Oct 8, 2026 | $37,208 |
| Oct 9, 2026 | $35,974 |
| Oct 10, 2026 | $36,217 |
| Oct 11, 2026 | $36,358 |
| Oct 12, 2026 | $37,078 |
| Oct 13, 2026 | $35,046 |
| Oct 14, 2026 | $36,504 |
| Oct 15, 2026 | $35,156 |
| Oct 16, 2026 | $35,419 |
| Oct 17, 2026 | $35,159 |
| Oct 18, 2026 | $34,988 |
| Oct 19, 2026 | $35,034 |
| Oct 20, 2026 | $34,897 |
| Oct 21, 2026 | $35,699 |
| Oct 22, 2026 | $35,494 |
| Oct 23, 2026 | $34,867 |
| Oct 24, 2026 | $34,607 |
| Oct 25, 2026 | $34,321 |
| Oct 26, 2026 | $33,431 |
| Oct 27, 2026 | $33,803 |
| Oct 28, 2026 | $34,101 |
| Oct 29, 2026 | $34,233 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $7.42m |
| Dec 31, 2024 | $1.36m |
| Jan 31, 2025 | $1.26m |
| Feb 28, 2025 | $639,444 |
| Mar 31, 2025 | $162,201 |
| Apr 30, 2025 | $165,473 |
| May 31, 2025 | $113,421 |
| Jun 30, 2025 | $113,021 |
| Jul 31, 2025 | $162,121 |
| Aug 31, 2025 | $183,107 |
| Sep 30, 2025 | $137,926 |
| Oct 31, 2025 | $61,457 |
| Nov 30, 2025 | $43,488 |
| Dec 31, 2025 | $43,353 |
| Jan 31, 2026 | $38,913 |
| Feb 28, 2026 | $27,908 |
| Mar 31, 2026 | $30,053 |
| Apr 30, 2026 | $31,096 |
| May 31, 2026 | $29,413 |
| Jun 30, 2026 | $22,996 |
| Jul 31, 2026 | $27,553 |
| Aug 31, 2026 | $34,986 |
| Sep 30, 2026 | $38,746 |
| Oct 29, 2026 (latest) | $34,233 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.36m |
| Dec 31, 2025 | $43,353 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/ion-protocol
Frequently asked questions
What is Ion Protocol's TVL?
As of Oct 29, 2026, Ion Protocol has $33,822 in total value locked. TVL has decreased 12.4% over the past 30 days.
What chains does Ion Protocol operate on?
Ion Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
How does Ion Protocol's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Ion Protocol ranks #267 by TVL. The category holds $51.8b across 517 protocols, and Ion Protocol accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Aave V4, Fluid Lending, and Euler V2.
How much has been borrowed through Ion Protocol?
As of Oct 29, 2026, Ion Protocol has $22,543 in active loans.