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Meridian(MST)

Total Value Locked$55,007

TVL by Chain

Telos$50,955

Base$2,249

Meter$1,318

Fuse$485

Taraxa$0

Artela$0

Taiko$0

Key Metrics

Fees 30d$0.50
Fees 30d by chain

Telos$0.50

Fees 7d$0.08

Telos$0.08

Fees 24h$0

Telos$0

Cumulative Fees$42.32

Telos$42.32

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

DEX Volume 30d$316.64
DEX Volume 30d by chain

Telos$316.64

DEX Volume 7d$25.97

Telos$25.97

DEX Volume 24h$0

Telos$0

Cumulative DEX Volume$990,725

Telos$990,725

Staked$0

Active Loans$16,923

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Protocol Information

Meridian is a non-custodial, decentralised financial trading platform that offers interest-free stable coin borrowing, leverage trading and zero slippage swaps all in one place.

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

DEX Volume: Volume of all spot token swaps on the DEX

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Meridian history

TVL is the default DefiLlama definition, which excludes Staking and Active Loans. Daily values are UTC snapshots from Aug 6, 2023 to Oct 26, 2026.

All-time high TVL: $3.62m on Sep 1, 2024. All-time low TVL: $54,962 on Oct 26, 2026.

Daily TVL, Sep 27, 2026 to Oct 26, 2026

DateTVL
Sep 27, 2026$69,681
Sep 28, 2026$69,811
Sep 29, 2026$60,098
Sep 30, 2026$68,819
Oct 1, 2026$61,582
Oct 2, 2026$62,310
Oct 3, 2026$62,820
Oct 4, 2026$62,517
Oct 5, 2026$65,457
Oct 6, 2026$69,927
Oct 7, 2026$76,469
Oct 8, 2026$63,892
Oct 9, 2026$62,714
Oct 10, 2026$63,212
Oct 11, 2026$63,222
Oct 12, 2026$59,760
Oct 13, 2026$64,260
Oct 14, 2026$64,426
Oct 15, 2026$62,503
Oct 16, 2026$57,572
Oct 17, 2026$57,400
Oct 18, 2026$57,371
Oct 19, 2026$57,220
Oct 20, 2026$57,520
Oct 21, 2026$57,417
Oct 22, 2026$57,507
Oct 23, 2026$56,420
Oct 24, 2026$55,948
Oct 25, 2026$55,561
Oct 26, 2026$54,962

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$1.91m
Dec 31, 2024$2.01m
Jan 31, 2025$1.46m
Feb 28, 2025$972,726
Mar 31, 2025$807,900
Apr 30, 2025$967,686
May 31, 2025$740,381
Jun 30, 2025$525,558
Jul 31, 2025$2.37m
Aug 31, 2025$716,117
Sep 30, 2025$567,054
Oct 31, 2025$253,343
Nov 30, 2025$189,843
Dec 31, 2025$189,368
Jan 31, 2026$115,104
Feb 28, 2026$72,400
Mar 31, 2026$66,175
Apr 30, 2026$65,501
May 31, 2026$67,591
Jun 30, 2026$57,162
Jul 31, 2026$77,525
Aug 31, 2026$108,046
Sep 30, 2026$68,819
Oct 26, 2026 (latest)$54,962

TVL at each year end, Dec 31, 2023 to Dec 31, 2025

DateTVL
Dec 31, 2023$983,479
Dec 31, 2024$2.01m
Dec 31, 2025$189,368

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

Frequently asked questions

What is Meridian's TVL?

As of Oct 26, 2026, Meridian has $55,007 in total value locked. TVL has decreased 10.6% over the past 30 days.

What chains does Meridian operate on?

Meridian operates on 7 chains: Telos, Base, Fuse, Taraxa, and Artela and 2 others. Telos holds the largest share at 92.6%.

How much has Meridian generated in fees?

Over the past 30 days, Meridian generated $0.50 in fees. Based on the trailing year, the annualized rate is $123.57 in fees.

Which protocols are included in Meridian?

Meridian is a parent protocol whose tracked products include Meridian Finance, Meridian Swap, Meridian Lend, and Meridian Trade.

How much has been borrowed through Meridian?

As of Oct 26, 2026, Meridian has $16,923 in active loans.