Merchant FinanceDeprecated protocol

Protocol Information

Merchant 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 MerlinChain. Users can deposit their assets, use them as collateral and borrow against them.

X/Twitter

Category:Lending

Methodology

TVL: Same as Compound Finance, we just count all the tokens supplied (not borrowed money) on the lending markets

Merchant Finance history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 1, 2024 to Jun 11, 2025.

All-time high TVL: $258,399 on Jul 5, 2024. All-time low TVL: $32 on May 2, 2024.

Daily TVL, Aug 18, 2024 to Jun 11, 2025

Date	TVL
Aug 18, 2024	$0
Aug 19, 2024	$0
Aug 20, 2024	$0
Aug 21, 2024	$0
Aug 22, 2024	$0
Aug 23, 2024	$0
Aug 24, 2024	$0
Aug 25, 2024	$0
Aug 26, 2024	$0
Aug 27, 2024	$0
Aug 28, 2024	$0
Aug 29, 2024	$0
Aug 30, 2024	$0
Aug 31, 2024	$0
Sep 1, 2024	$0
Sep 2, 2024	$0
Sep 3, 2024	$0
Sep 4, 2024	$0
Sep 5, 2024	$0
Sep 6, 2024	$0
Sep 7, 2024	$0
Sep 8, 2024	$0
Sep 9, 2024	$0
Sep 10, 2024	$0
Sep 11, 2024	$0
May 20, 2025	$0
Jun 6, 2025	$0
Jun 7, 2025	$0
Jun 8, 2025	$0
Jun 11, 2025	$0

TVL at each month end, May 2024 to Jun 2025

Date	TVL
May 31, 2024	$37,154
Jun 30, 2024	$105,075
Jul 31, 2024	$0
Aug 31, 2024	$0
Sep 11, 2024	$0
May 20, 2025	$0
Jun 11, 2025 (latest)	$0

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/merchant-finance

Frequently asked questions

What is Merchant Finance's TVL?

As of Jun 11, 2025, Merchant Finance has $0 in total value locked.

What chains does Merchant Finance operate on?

Merchant Finance operates on Merlin.