Total Value Locked$41,482
TVL by Chain
Telos$39,451
Base$2,031
Fuse$0.083
Taraxa$0
Artela$0
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Staked$0
Protocol Information
Meridian is a decentralized, non-custodial, governance-free borrowing protocol that enables users to obtain interest-free loans against ETH collateral. Loans are paid in USDM, which is a USD pegged stablecoin
Methodology
TVL: Deposited Collateral on Meridian MintView code on GitHubCompetitors
Meridian Finance history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Aug 6, 2023 to Oct 26, 2026.
All-time high TVL: $2.72m on Feb 29, 2024. All-time low TVL: $33,961 on Jun 12, 2026.
Daily TVL, Sep 27, 2026 to Oct 26, 2026
| Date | TVL |
|---|---|
| Sep 27, 2026 | $42,851 |
| Sep 28, 2026 | $42,797 |
| Sep 29, 2026 | $41,716 |
| Sep 30, 2026 | $42,070 |
| Oct 1, 2026 | $42,248 |
| Oct 2, 2026 | $43,644 |
| Oct 3, 2026 | $44,088 |
| Oct 4, 2026 | $43,836 |
| Oct 5, 2026 | $46,516 |
| Oct 6, 2026 | $50,786 |
| Oct 7, 2026 | $51,711 |
| Oct 8, 2026 | $44,896 |
| Oct 9, 2026 | $43,727 |
| Oct 10, 2026 | $44,081 |
| Oct 11, 2026 | $44,091 |
| Oct 12, 2026 | $44,524 |
| Oct 13, 2026 | $48,203 |
| Oct 14, 2026 | $48,410 |
| Oct 15, 2026 | $46,846 |
| Oct 16, 2026 | $42,491 |
| Oct 17, 2026 | $42,321 |
| Oct 18, 2026 | $42,299 |
| Oct 19, 2026 | $42,185 |
| Oct 20, 2026 | $42,448 |
| Oct 21, 2026 | $42,552 |
| Oct 22, 2026 | $42,624 |
| Oct 23, 2026 | $41,824 |
| Oct 24, 2026 | $41,387 |
| Oct 25, 2026 | $41,054 |
| Oct 26, 2026 | $40,592 |
TVL at each month end, Sep 2024 to Oct 2026
| Date | TVL |
|---|---|
| Sep 30, 2024 | $1.71m |
| Oct 31, 2024 | $1.39m |
| Nov 30, 2024 | $1.21m |
| Dec 31, 2024 | $1.11m |
| Jan 31, 2025 | $804,694 |
| Feb 28, 2025 | $533,957 |
| Mar 31, 2025 | $440,734 |
| Apr 30, 2025 | $453,740 |
| May 31, 2025 | $331,750 |
| Jun 30, 2025 | $217,071 |
| Jul 31, 2025 | $181,439 |
| Aug 31, 2025 | $290,734 |
| Sep 30, 2025 | $224,520 |
| Oct 31, 2025 | $127,810 |
| Nov 30, 2025 | $113,676 |
| Dec 31, 2025 | $73,979 |
| Jan 31, 2026 | $51,470 |
| Feb 28, 2026 | $42,742 |
| Mar 9, 2026 | $41,841 |
| Jun 30, 2026 | $36,778 |
| Jul 31, 2026 | $53,900 |
| Aug 31, 2026 | $50,418 |
| Sep 30, 2026 | $42,070 |
| Oct 26, 2026 (latest) | $40,592 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $976,530 |
| Dec 31, 2024 | $1.11m |
| Dec 31, 2025 | $73,979 |
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-finance
Frequently asked questions
What is Meridian Finance's TVL?
As of Oct 26, 2026, Meridian Finance has $41,482 in total value locked. TVL has decreased 2.1% over the past 30 days.
What chains does Meridian Finance operate on?
Meridian Finance operates on 5 chains: Telos, Base, Fuse, Taraxa, and Artela. Telos holds the largest share at 95.1%.
How does Meridian Finance's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Meridian Finance ranks #98 by TVL. The category holds $7.43b across 200 protocols, and Meridian Finance accounts for <0.1% of that total. Similar protocols include Reservoir Protocol, BTCFi CDP, QiDao, Parallel Protocol V3, Preon Finance, Base Dollar, Vaultedge, URM, Button Wrappers, and Deaderal Reserve Protocol.