Ask about Mellow Protocol · freeTotal Value Locked$260.57m
TVL by Chain
Ethereum$258.31m
Rootstock$1.04m
Robinhood Chain$1.02m
Mezo$176,465
Monad$11,969
BSC$10,488
Polygon$5,579
Base$191
Fraxtal$20
Polygon zkEVM$0
Lisk$0
Key Metrics
Fees 30d$2.39m
Fees 30d by chain
Ethereum$2.36m
BSC$25,620
Lisk$3,367
Fraxtal$0
Monad$0
Fees 7d$406,496
Ethereum$394,153
BSC$12,343
Fraxtal$0
Monad$0
Fees 24h$56,089
Ethereum$56,089
BSC$0
Fraxtal$0
Monad$0
Cumulative Fees$12.33m
Ethereum$11.85m
Lisk$434,992
BSC$48,312
Monad$398
Fraxtal$27
Revenue 30d$152,454
Revenue 30d by chain
Ethereum$152,454
BSC$0
Fraxtal$0
Lisk$0
Monad$0
Revenue 7d$34,155
Ethereum$34,155
BSC$0
Fraxtal$0
Monad$0
Revenue 24h$7,614
Ethereum$7,614
BSC$0
Fraxtal$0
Monad$0
Cumulative Revenue$766,305
Ethereum$766,257
Monad$48
BSC$0
Fraxtal$0
Lisk$0
Total Raised$2.75m
Aug 25, 2022$2.75mRound: SeedInvestors: Robot Ventures, Arrington XRP Capital, ParaFi Capital, P2P Capital, Lemniscap, Focus Labs, Principle Ventures, Primitive Ventures, NEMO Ventures, Darren Lau, Daryl Lau, Santiago Roel Santos, Jamis Johnson, Igor Barinov, Ivangbi, Mariano Conti, Molly
Nov 5, 2025Round: Investors: Cyber Fund
Protocol Information
Mellow is yield vault infrastructure for institutions, neobanks, fintechs, and asset issuers, powering Lido Earn and bespoke vaults deployed under partner brands. Core Vaults are the current architecture for new deployments; Mellow Restaking and Mellow Yield track earlier products that remain live.
- Mellow CoreOnchain Capital Allocator
- Mellow RestakingLiquid Restaking
- Mellow YieldYield Aggregator
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Yields
Pools Tracked3
Average Supply APY6.11%
Mellow Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 29, 2022 to Nov 12, 2026.
All-time high TVL: $916.17m on Dec 7, 2024. All-time low TVL: $23 on Jul 29, 2022.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $287.28m |
| Oct 15, 2026 | $279.29m |
| Oct 16, 2026 | $289.18m |
| Oct 17, 2026 | $286.71m |
| Oct 18, 2026 | $283.76m |
| Oct 19, 2026 | $283.04m |
| Oct 20, 2026 | $281.17m |
| Oct 21, 2026 | $286.98m |
| Oct 22, 2026 | $287.14m |
| Oct 23, 2026 | $277.62m |
| Oct 24, 2026 | $280.06m |
| Oct 25, 2026 | $277.85m |
| Oct 26, 2026 | $275.2m |
| Oct 27, 2026 | $277.33m |
| Oct 28, 2026 | $280.05m |
| Oct 29, 2026 | $282.09m |
| Oct 30, 2026 | $267.49m |
| Oct 31, 2026 | $268.79m |
| Nov 1, 2026 | $268.67m |
| Nov 2, 2026 | $268.95m |
| Nov 3, 2026 | $268.61m |
| Nov 4, 2026 | $271.37m |
| Nov 5, 2026 | $291.04m |
| Nov 6, 2026 | $266.28m |
| Nov 7, 2026 | $276.47m |
| Nov 8, 2026 | $276.53m |
| Nov 9, 2026 | $268.67m |
| Nov 10, 2026 | $268.19m |
| Nov 11, 2026 | $261.81m |
| Nov 12, 2026 | $261.47m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $663.51m |
| Jan 31, 2025 | $440.97m |
| Feb 28, 2025 | $311.08m |
| Mar 31, 2025 | $225.8m |
| Apr 30, 2025 | $223.57m |
| May 31, 2025 | $332.93m |
| Jun 30, 2025 | $303.46m |
| Jul 31, 2025 | $469.29m |
| Aug 31, 2025 | $446.61m |
| Sep 30, 2025 | $404.83m |
| Oct 31, 2025 | $341.15m |
| Nov 30, 2025 | $235.28m |
| Dec 31, 2025 | $287.67m |
| Jan 31, 2026 | $269.65m |
| Feb 28, 2026 | $172.9m |
| Mar 31, 2026 | $470.04m |
| Apr 30, 2026 | $336.06m |
| May 31, 2026 | $150.05m |
| Jun 30, 2026 | $203.62m |
| Jul 31, 2026 | $216.55m |
| Aug 31, 2026 | $269.27m |
| Sep 30, 2026 | $297.82m |
| Oct 31, 2026 | $268.79m |
| Nov 12, 2026 (latest) | $261.47m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $1.23m |
| Dec 31, 2023 | $332,693 |
| Dec 31, 2024 | $663.51m |
| Dec 31, 2025 | $287.67m |
Fees and revenue by UTC calendar month, Feb 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Feb 2025 | $12,978 | $0 |
| Mar 2025 | $32,890 | $0 |
| Apr 2025 | $27,025 | $0 |
| May 2025 | $46,974 | $0 |
| Jun 2025 | $57,444 | $0 |
| Jul 2025 | $4,397 | $0 |
| Aug 2025 | $0 | $0 |
| Sep 2025 | $39,520 | $1 |
| Oct 2025 | $152,477 | $56 |
| Nov 2025 | $284,895 | $32,699 |
| Dec 2025 | $589,478 | $98,540 |
| Jan 2026 | $588,467 | $111,431 |
| Feb 2026 | $260,030 | $49,761 |
| Mar 2026 | $704,950 | $31,344 |
| Apr 2026 | $770,651 | $1,287 |
| May 2026 | $329,695 | $469 |
| Jun 2026 | $759,283 | $274.33 |
| Jul 2026 | $1.11m | $131,178 |
| Aug 2026 | $1.28m | $227 |
| Sep 2026 | $2.12m | $97,950 |
| Oct 2026 | $2.49m | $154,953 |
| Nov 2026 (to date) | $731,438 | $61,133 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/mellow-protocol
Frequently asked questions
What is Mellow Protocol's TVL?
As of Nov 12, 2026, Mellow Protocol has $260.57m in total value locked. TVL has decreased 6.7% over the past 30 days.
What chains does Mellow Protocol operate on?
Mellow Protocol operates on 11 chains: Ethereum, Polygon, Base, Polygon zkEVM, and BSC and 6 others. Ethereum holds the largest share at 99.1%.
How much has Mellow Protocol generated in fees and revenue?
Over the past 30 days, Mellow Protocol generated $2.39m in fees. Of that, $152,454 was protocol revenue. Based on the trailing year, the annualized rate is $11.96m in fees and $765,754 in revenue.
Which protocols are included in Mellow Protocol?
Mellow Protocol is a parent protocol whose tracked products include Mellow Core, Mellow Restaking, and Mellow Yield.
How many yield pools does Mellow Protocol have?
DefiLlama tracks 3 Mellow Protocol yield pools with an average APY of 6.1%.