Ask about Mendi Finance · freeTotal Value Locked$1.11m
TVL by Chain
Linea$1.11m
Key Metrics
Fees 30d$1,531
Fees 30d by chain
Linea$1,531
Fees 7d$361
Linea$361
Fees 24h$36
Linea$36
Cumulative Fees$577,646
Linea$577,646
Revenue 30d$275.18
Revenue 30d by chain
Linea$275.18
Revenue 7d$65.56
Linea$65.56
Revenue 24h$6.01
Linea$6.01
Cumulative Revenue$83,122
Linea$83,122
Holders Revenue 30d$275.18
Holders Revenue 30d by chain
Linea$275.18
Holders Revenue 7d$65.56
Linea$65.56
Holders Revenue 24h$6.01
Linea$6.01
Cumulative Holders Revenue$83,122
Linea$83,122
Collateral Liquidated 30d$1,685
Collateral Liquidated 30d by chain
Linea$1,685
Collateral Liquidated 7d$358
Linea$358
Collateral Liquidated 24h$0
Linea$0
Cumulative Collateral Liquidated$2,848
Linea$2,848
Market Cap$17,913
$MENDI Price$0.00032
Fully Diluted Valuation$32,352
$MENDI Volume 24h$2.63
CEX Volume$0
DEX Volume$2.64(100.38% of total)
Staked$6,392(35.68% of mcap)
Active Loans$265,539
Protocol Information
Mendi Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. It is a permissionless, open source protocol serving users on Linea. Users can deposit their assets, use them as collateral and borrow against them.
Methodology
TVL: Same as Compound Finance, we just count all the tokens supplied (not borrowed money) on the lending marketsView code on GitHubFees: Total interest paid by borrowersView code on GitHubRevenue: Protocol and holders share of interestView code on GitHubHolders Revenue: Share of interest into protocol governance token holders.View code on GitHubCollateral Liquidated: Total USD value of collateral seized in LiquidateBorrow events, converted from cToken units to underlying via exchangeRateStored.View code on GitHubCompetitors
Mendi Finance history
TVL is the default DefiLlama definition, which excludes Active Loans and Staking. Daily values are UTC snapshots from Aug 21, 2023 to Oct 22, 2026.
All-time high TVL: $110.81m on Jul 2, 2024. All-time low TVL: $100 on Aug 15, 2025.
Daily TVL, Sep 23, 2026 to Oct 22, 2026
| Date | TVL |
|---|---|
| Sep 23, 2026 | $1.27m |
| Sep 24, 2026 | $1.24m |
| Sep 25, 2026 | $1.24m |
| Sep 26, 2026 | $1.24m |
| Sep 27, 2026 | $1.24m |
| Sep 28, 2026 | $1.24m |
| Sep 29, 2026 | $1.23m |
| Sep 30, 2026 | $1.23m |
| Oct 1, 2026 | $1.23m |
| Oct 2, 2026 | $1.23m |
| Oct 3, 2026 | $1.22m |
| Oct 4, 2026 | $1.22m |
| Oct 5, 2026 | $1.24m |
| Oct 6, 2026 | $1.23m |
| Oct 7, 2026 | $1.23m |
| Oct 8, 2026 | $1.18m |
| Oct 9, 2026 | $1.14m |
| Oct 10, 2026 | $1.14m |
| Oct 11, 2026 | $1.15m |
| Oct 12, 2026 | $1.16m |
| Oct 13, 2026 | $1.12m |
| Oct 14, 2026 | $1.14m |
| Oct 15, 2026 | $1.11m |
| Oct 16, 2026 | $1.11m |
| Oct 17, 2026 | $1.1m |
| Oct 18, 2026 | $1.1m |
| Oct 19, 2026 | $1.1m |
| Oct 20, 2026 | $1.09m |
| Oct 21, 2026 | $1.11m |
| Oct 22, 2026 | $1.12m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $67.5m |
| Dec 31, 2024 | $42.65m |
| Jan 31, 2025 | $32.85m |
| Feb 28, 2025 | $19.68m |
| Mar 31, 2025 | $14.29m |
| Apr 30, 2025 | $12.57m |
| May 31, 2025 | $15.12m |
| Jun 30, 2025 | $12.51m |
| Jul 31, 2025 | $16.7m |
| Aug 31, 2025 | $12.31m |
| Sep 30, 2025 | $6.29m |
| Oct 31, 2025 | $4.77m |
| Nov 30, 2025 | $3.62m |
| Dec 31, 2025 | $3.86m |
| Jan 31, 2026 | $3.14m |
| Feb 28, 2026 | $2.16m |
| Mar 31, 2026 | $1.99m |
| Apr 30, 2026 | $1.54m |
| May 31, 2026 | $1.32m |
| Jun 30, 2026 | $1.05m |
| Jul 31, 2026 | $1.13m |
| Aug 31, 2026 | $1.3m |
| Sep 30, 2026 | $1.23m |
| Oct 22, 2026 (latest) | $1.12m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $8.46m |
| Dec 31, 2024 | $42.65m |
| Dec 31, 2025 | $3.86m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $105,186 | $14,920 | $14,920 |
| Dec 2024 | $126,711 | $17,648 | $17,648 |
| Jan 2025 | $81,071 | $11,356 | $11,356 |
| Feb 2025 | $38,046 | $5,398 | $5,398 |
| Mar 2025 | $18,652 | $2,786 | $2,786 |
| Apr 2025 | $14,018 | $2,093 | $2,093 |
| May 2025 | $15,786 | $2,343 | $2,343 |
| Jun 2025 | $12,610 | $1,853 | $1,853 |
| Jul 2025 | $13,641 | $1,958 | $1,958 |
| Aug 2025 | $13,373 | $1,944 | $1,944 |
| Sep 2025 | $13,436 | $1,964 | $1,964 |
| Oct 2025 | $9,185 | $1,364 | $1,364 |
| Nov 2025 | $3,890 | $580 | $580 |
| Dec 2025 | $3,401 | $503 | $503 |
| Jan 2026 | $3,645 | $542 | $542 |
| Feb 2026 | $1,918 | $287 | $287 |
| Mar 2026 | $1,799 | $275 | $275 |
| Apr 2026 | $1,634 | $268 | $268 |
| May 2026 | $1,401 | $239.77 | $239.77 |
| Jun 2026 | $1,123 | $193.55 | $193.55 |
| Jul 2026 | $1,336 | $236.70 | $236.70 |
| Aug 2026 | $1,381 | $246.76 | $246.76 |
| Sep 2026 | $1,576 | $284.13 | $284.13 |
| Oct 2026 (to date) | $1,105 | $199.19 | $199.19 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/mendi-finance
Frequently asked questions
What is Mendi Finance's TVL?
As of Oct 22, 2026, Mendi Finance has $1.11m in total value locked. TVL has decreased 13.2% over the past 30 days.
What chains does Mendi Finance operate on?
Mendi Finance operates on Linea. Linea holds the largest share at 100%.
How much has Mendi Finance generated in fees and revenue?
Over the past 30 days, Mendi Finance generated $1,531 in fees. Of that, $275.18 was protocol revenue. Based on the trailing year, the annualized rate is $27,316 in fees and $4,314 in revenue.
What is the MENDI token price and valuation?
MENDI is currently trading at $0.00032. Its circulating market capitalization is $17,913, ranking it #9,150. Its fully diluted valuation is $32,352. Supply currently stands at 55.37m circulating, 100m total supply, 100m maximum supply.
How has MENDI performed recently?
MENDI is up 0.6% over the past 7 days and up 0.1% over the past 30 days. Its all-time high is $0.70, reached on Mar 29, 2024. The token is currently 100% below that level.
How does Mendi Finance's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Mendi Finance ranks #127 by TVL. The category holds $53.314b across 517 protocols, and Mendi Finance accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Compound V3, Euler V2, LayerBank, ZeroLend Lending, Tarot, Impermax V2, Sturdy V2, and Aloe.
How much has been borrowed through Mendi Finance?
As of Oct 22, 2026, Mendi Finance has $265,539 in active loans.