marginfi LendingDeprecated protocol
Total Value Locked$37.4m
TVL by Chain
Solana$37.4m
Key Metrics
Fees 30d$133,677
Fees 30d by chain
Solana$133,677
Fees 7d$33,244
Solana$33,244
Fees 24h$4,925
Solana$4,925
Cumulative Fees$203,218
Solana$203,218
Revenue 30d$2,961
Revenue 30d by chain
Solana$2,961
Revenue 7d$641
Solana$641
Revenue 24h$95
Solana$95
Cumulative Revenue$4,961
Solana$4,961
Active Loans$24.33m
Total Raised$3m
Feb 24, 2022$3mRound: SeedInvestors: Multicoin Capital, Pantera Capital, Sino Global Capital, Solana Ventures
Protocol Information
Connecting liquidity across DeFi.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Interest paid by borrowers across every bank in the marginfi main lending group.View code on GitHubRevenue: The spread marginfi keeps, the interest borrowers pay less the interest credited to depositors.View code on GitHubmarginfi Lending history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Feb 22, 2023 to Oct 21, 2026.
All-time high TVL: $811.12m on Apr 1, 2024. All-time low TVL: $964,296 on Mar 16, 2023.
Daily TVL, Sep 22, 2026 to Oct 21, 2026
| Date | TVL |
|---|---|
| Sep 22, 2026 | $41.44m |
| Sep 23, 2026 | $42.62m |
| Sep 24, 2026 | $42.07m |
| Sep 25, 2026 | $40.68m |
| Sep 26, 2026 | $42.2m |
| Sep 27, 2026 | $42.95m |
| Sep 28, 2026 | $42.91m |
| Sep 29, 2026 | $41.14m |
| Sep 30, 2026 | $41.53m |
| Oct 1, 2026 | $41.02m |
| Oct 2, 2026 | $42.29m |
| Oct 3, 2026 | $40.66m |
| Oct 4, 2026 | $41.21m |
| Oct 5, 2026 | $41.95m |
| Oct 6, 2026 | $42.72m |
| Oct 7, 2026 | $42.47m |
| Oct 8, 2026 | $40.38m |
| Oct 9, 2026 | $39.65m |
| Oct 10, 2026 | $38.42m |
| Oct 11, 2026 | $39.74m |
| Oct 12, 2026 | $38.67m |
| Oct 13, 2026 | $37.81m |
| Oct 14, 2026 | $38.48m |
| Oct 15, 2026 | $36.18m |
| Oct 16, 2026 | $36.88m |
| Oct 17, 2026 | $36.48m |
| Oct 18, 2026 | $35.67m |
| Oct 19, 2026 | $35.56m |
| Oct 20, 2026 | $37.05m |
| Oct 21, 2026 | $36.74m |
TVL at each month end, Oct 2024 to Oct 2026
| Date | TVL |
|---|---|
| Oct 31, 2024 | $360.84m |
| Nov 30, 2024 | $466.82m |
| Dec 31, 2024 | $349.06m |
| Jan 31, 2025 | $360.77m |
| Feb 28, 2025 | $191.2m |
| Mar 31, 2025 | $153.77m |
| Apr 30, 2025 | $143.18m |
| May 31, 2025 | $137.3m |
| Jun 30, 2025 | $134.38m |
| Jul 31, 2025 | $161.02m |
| Aug 31, 2025 | $159.36m |
| Sep 30, 2025 | $155.45m |
| Oct 31, 2025 | $149.4m |
| Nov 30, 2025 | $115.86m |
| Dec 31, 2025 | $99.76m |
| Jan 31, 2026 | $95.54m |
| Feb 28, 2026 | $60.3m |
| Mar 31, 2026 | $52.74m |
| Apr 30, 2026 | $36.87m |
| May 31, 2026 | $35.9m |
| Jun 30, 2026 | $31.81m |
| Jul 22, 2026 | $32.02m |
| Sep 30, 2026 | $41.53m |
| Oct 21, 2026 (latest) | $36.74m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $337.12m |
| Dec 31, 2024 | $349.06m |
| Dec 31, 2025 | $99.76m |
Fees and revenue by UTC calendar month, Aug 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2026 | $2,662 | $91 |
| Sep 2026 | $102,666 | $2,838 |
| Oct 2026 (to date) | $97,890 | $2,032 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/marginfi-lending
Frequently asked questions
What is marginfi Lending's TVL?
As of Oct 21, 2026, marginfi Lending has $37.4m in total value locked. TVL has decreased 6.3% over the past 30 days.
What chains does marginfi Lending operate on?
marginfi Lending operates on Solana. Solana holds the largest share at 100%.
How much has marginfi Lending generated in fees and revenue?
Over the past 30 days, marginfi Lending generated $133,677 in fees. Of that, $2,961 was protocol revenue. Based on the trailing year, the annualized rate is $1.42m in fees and $34,825 in revenue.
How much has been borrowed through marginfi Lending?
As of Oct 21, 2026, marginfi Lending has $24.33m in active loans.