Ask about JPEG'd · freeJPEG'd(JPGD)
Total Value Locked$444,582
TVL by Chain
Ethereum$444,582
Key Metrics
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Staked$0
Treasury$35,299
Majors$20,027
Stablecoins$15,258
Own Tokens$0
Others$14
Total Raised$72m
Feb 23, 2022$72mRound: ICO
Protocol Information
JPEG'd is a decentralized lending protocol on the Ethereum blockchain that enables NFT holders to open collateralized debt positions (CDPs) using their NFTs as collateral. Users mint pETH or pUSD, native tokens of the protocol that are pegged to ETH and USD respectively via Curve pools, enabling users to effectively obtain leverage on their NFTs.
Audits:
Methodology
TVL: Counts the floor value of all NFTs supplied in the protocol vaultsView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Treasury: Value of tokens owned by the protocolJPEG'd history
TVL is the default DefiLlama definition, which excludes Staking and Pool2. Daily values are UTC snapshots from Aug 15, 2022 to Nov 13, 2026.
All-time high TVL: $45.83m on Mar 10, 2024. All-time low TVL: $332,749 on Jul 1, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $548,627 |
| Oct 16, 2026 | $552,556 |
| Oct 17, 2026 | $547,087 |
| Oct 18, 2026 | $543,587 |
| Oct 19, 2026 | $545,900 |
| Oct 20, 2026 | $541,194 |
| Oct 21, 2026 | $554,246 |
| Oct 22, 2026 | $561,676 |
| Oct 23, 2026 | $540,121 |
| Oct 24, 2026 | $537,010 |
| Oct 25, 2026 | $534,970 |
| Oct 26, 2026 | $527,429 |
| Oct 27, 2026 | $526,245 |
| Oct 28, 2026 | $533,448 |
| Oct 29, 2026 | $534,521 |
| Oct 30, 2026 | $506,847 |
| Oct 31, 2026 | $510,023 |
| Nov 1, 2026 | $511,110 |
| Nov 2, 2026 | $514,044 |
| Nov 3, 2026 | $508,884 |
| Nov 4, 2026 | $513,507 |
| Nov 5, 2026 | $547,748 |
| Nov 6, 2026 | $505,157 |
| Nov 7, 2026 | $505,819 |
| Nov 8, 2026 | $504,431 |
| Nov 9, 2026 | $480,143 |
| Nov 10, 2026 | $479,816 |
| Nov 11, 2026 | $462,503 |
| Nov 12, 2026 | $464,908 |
| Nov 13, 2026 | $456,183 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $10.1m |
| Jan 31, 2025 | $1.68m |
| Feb 28, 2025 | $1.14m |
| Mar 31, 2025 | $684,844 |
| Apr 30, 2025 | $513,349 |
| May 31, 2025 | $696,085 |
| Jun 30, 2025 | $677,809 |
| Jul 31, 2025 | $1.07m |
| Aug 31, 2025 | $1.11m |
| Sep 30, 2025 | $1.07m |
| Oct 31, 2025 | $818,362 |
| Nov 30, 2025 | $642,987 |
| Dec 31, 2025 | $635,445 |
| Jan 31, 2026 | $579,737 |
| Feb 28, 2026 | $413,421 |
| Mar 31, 2026 | $433,810 |
| Apr 30, 2026 | $487,028 |
| May 31, 2026 | $430,880 |
| Jun 30, 2026 | $340,028 |
| Jul 31, 2026 | $447,174 |
| Aug 31, 2026 | $566,492 |
| Sep 30, 2026 | $614,820 |
| Oct 31, 2026 | $510,023 |
| Nov 13, 2026 (latest) | $456,183 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $16.17m |
| Dec 31, 2023 | $29.26m |
| Dec 31, 2024 | $10.1m |
| Dec 31, 2025 | $635,445 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/jpegd
Frequently asked questions
What is JPEG'd's TVL?
As of Nov 13, 2026, JPEG'd has $444,582 in total value locked. TVL has decreased 21.6% over the past 30 days.
What chains does JPEG'd operate on?
JPEG'd operates on Ethereum. Ethereum holds the largest share at 100%.
How does JPEG'd's TVL compare to similar protocols?
Among NFT Lending protocols tracked by DefiLlama, JPEG'd ranks #2 by TVL. The category holds $4.9m across 31 protocols, and JPEG'd accounts for 9.1% of that total. Similar protocols include Gondi V3, BendDAO Lending V1, Blur Lending, Arcade.xyz, Revest Finance, Pine Protocol, OpenSky Finance, Llamalend, NFTfi, and Drops.
Does JPEG'd have a treasury?
JPEG'd has a tracked treasury currently valued at $35,299. Its holdings include $15,258 in stablecoins, $20,027 in major assets, $14 in other assets.