marginfi LendingDeprecated protocol
Total Value Locked$31.48m
TVL by Chain
Solana$31.48m
Key Metrics
Fees 30d$143,284
Fees 30d by chain
Solana$143,284
Fees 7d$34,567
Solana$34,567
Fees 24h$4,783
Solana$4,783
Cumulative Fees$267,718
Solana$267,718
Revenue 30d$2,753
Revenue 30d by chain
Solana$2,753
Revenue 7d$595
Solana$595
Revenue 24h$81
Solana$81
Cumulative Revenue$6,094
Solana$6,094
Active Loans$22.04m
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 Nov 4, 2026.
All-time high TVL: $811.12m on Apr 1, 2024. All-time low TVL: $964,296 on Mar 16, 2023.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 22, 2026 | $37.07m |
| Oct 23, 2026 | $35.66m |
| Oct 24, 2026 | $35.13m |
| Oct 25, 2026 | $35.15m |
| Oct 26, 2026 | $34.88m |
| Oct 27, 2026 | $34.6m |
| Oct 28, 2026 | $34.98m |
| Oct 29, 2026 | $35.43m |
| Oct 30, 2026 | $33.95m |
| Oct 31, 2026 | $34.22m |
| Nov 1, 2026 | $34.12m |
| Nov 2, 2026 | $32.74m |
| Nov 3, 2026 | $31.74m |
| Nov 4, 2026 | $31.93m |
TVL at each month end, Nov 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 31, 2026 | $34.22m |
| Nov 4, 2026 (latest) | $31.93m |
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 Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2026 | $2,662 | $91 |
| Sep 2026 | $102,666 | $2,838 |
| Oct 2026 | $149,360 | $2,916 |
| Nov 2026 (to date) | $17,813 | $330 |
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 Nov 4, 2026, marginfi Lending has $31.48m in total value locked. TVL has decreased 25% 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 $143,284 in fees. Of that, $2,753 was protocol revenue. Based on the trailing year, the annualized rate is $1.5m in fees and $34,220 in revenue.
How much has been borrowed through marginfi Lending?
As of Nov 4, 2026, marginfi Lending has $22.04m in active loans.