Ask about marginfi · freemarginfiDeprecated protocol
Total Value Locked$41.78m
TVL by Chain
Solana$41.78m
Key Metrics
Fees 30d$180,496
Fees 30d by chain
Solana$180,496
Fees 7d$46,550
Solana$46,550
Fees 24h$6,345
Solana$6,345
Cumulative Fees$1.36m
Solana$1.36m
Revenue 30d$3,167
Revenue 30d by chain
Solana$3,167
Revenue 7d$656.84
Solana$656.84
Revenue 24h$99.89
Solana$99.89
Cumulative Revenue$72,772
Solana$72,772
Active Loans$23.53m
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 protocol
Fees:
Competitors
marginfi history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Feb 22, 2023 to Oct 25, 2026.
All-time high TVL: $881.71m on Apr 1, 2024. All-time low TVL: $964,296 on Mar 16, 2023.
Daily TVL, Sep 26, 2026 to Oct 25, 2026
| Date | TVL |
|---|---|
| Sep 26, 2026 | $50.34m |
| Sep 27, 2026 | $51.04m |
| Sep 28, 2026 | $51m |
| Sep 29, 2026 | $49.04m |
| Sep 30, 2026 | $49.44m |
| Oct 1, 2026 | $48.87m |
| Oct 2, 2026 | $50.2m |
| Oct 3, 2026 | $48.61m |
| Oct 4, 2026 | $49.16m |
| Oct 5, 2026 | $50.02m |
| Oct 6, 2026 | $50.77m |
| Oct 7, 2026 | $50.46m |
| Oct 8, 2026 | $47.96m |
| Oct 9, 2026 | $46.76m |
| Oct 10, 2026 | $45.52m |
| Oct 11, 2026 | $46.88m |
| Oct 12, 2026 | $45.9m |
| Oct 13, 2026 | $44.56m |
| Oct 14, 2026 | $45.49m |
| Oct 15, 2026 | $42.97m |
| Oct 16, 2026 | $43.74m |
| Oct 17, 2026 | $43.28m |
| Oct 18, 2026 | $42.39m |
| Oct 19, 2026 | $42.33m |
| Oct 20, 2026 | $43.84m |
| Oct 21, 2026 | $43.67m |
| Oct 22, 2026 | $44.03m |
| Oct 23, 2026 | $42.45m |
| Oct 24, 2026 | $41.75m |
| Oct 25, 2026 | $41.83m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $515.66m |
| Dec 31, 2024 | $385.89m |
| Jan 31, 2025 | $383.79m |
| Feb 28, 2025 | $203.33m |
| Mar 31, 2025 | $163.78m |
| Apr 30, 2025 | $155.03m |
| May 31, 2025 | $149.56m |
| Jun 30, 2025 | $146.28m |
| Jul 31, 2025 | $174.03m |
| Aug 31, 2025 | $173.94m |
| Sep 30, 2025 | $170.12m |
| Oct 31, 2025 | $162.33m |
| Nov 30, 2025 | $124.94m |
| Dec 31, 2025 | $108.51m |
| Jan 31, 2026 | $103.55m |
| Feb 28, 2026 | $65.91m |
| Mar 31, 2026 | $58.47m |
| Apr 30, 2026 | $42.87m |
| May 31, 2026 | $41.19m |
| Jun 30, 2026 | $36.48m |
| Jul 31, 2026 | $37.07m |
| Aug 31, 2026 | $39.57m |
| Sep 30, 2026 | $49.44m |
| Oct 25, 2026 (latest) | $41.83m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $366.26m |
| Dec 31, 2024 | $385.89m |
| Dec 31, 2025 | $108.51m |
Fees and revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2024 | $0 | $3,025 |
| Jan 2025 | $0 | $31,020 |
| Feb 2025 | $0 | $10,627 |
| Mar 2025 | $0 | $4,526 |
| Apr 2025 | $0 | $2,064 |
| May 2025 | $0 | $1,304 |
| Jun 2025 | $0 | $1,759 |
| Jul 2025 | $0 | $4,047 |
| Aug 2025 | $772 | $1,121 |
| Sep 2025 | $57,954 | $1,233 |
| Oct 2025 | $133,382 | $1,718 |
| Nov 2025 | $127,270 | $1,548 |
| Dec 2025 | $120,386 | $479 |
| Jan 2026 | $160,139 | $664 |
| Feb 2026 | $85,248 | $192 |
| Mar 2026 | $87,670 | $616 |
| Apr 2026 | $77,454 | $229 |
| May 2026 | $79,740 | $603.09 |
| Jun 2026 | $55,462 | $143.74 |
| Jul 2026 | $49,663 | $53.77 |
| Aug 2026 | $34,043 | $241.97 |
| Sep 2026 | $138,095 | $2,949 |
| Oct 2026 (to date) | $152,130 | $2,609 |
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
Frequently asked questions
What is marginfi's TVL?
As of Oct 25, 2026, marginfi has $41.78m in total value locked. TVL has decreased 13.9% over the past 30 days.
What chains does marginfi operate on?
marginfi operates on Solana. Solana holds the largest share at 100%.
How much has marginfi generated in fees and revenue?
Over the past 30 days, marginfi generated $180,496 in fees. Of that, $3,167 was protocol revenue. Based on the trailing year, the annualized rate is $1.19m in fees and $10,458 in revenue.
How does marginfi's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, marginfi ranks #519 by TVL. The category holds $52.41b across 519 protocols, and marginfi accounts for 0% of that total. Similar protocols include Maple, Kamino Lend, Jupiter Lend, Loopscale Lending, Save, Project 0, Templar Protocol, Larix, Jupiter Offerbook, and DefiTuna Lending.
How much has been borrowed through marginfi?
As of Oct 25, 2026, marginfi has $23.53m in active loans.