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Mesher(DON)

Total Value Locked$214,266

TVL by Chain

Ethereum$208,881

Kaia$5,384

The chart plots Staking as its own series; it is not part of the TVL above.

Key Metrics

Staked$0

Active Loans$53,167

Protocol Information

Money Market Protocol and the Oracle for Korea’s Digital Asset Market(detailed in https://docs.donkey.fund/about/whitepaper/english-whitepaper)

Category:Lending

Audits:

Mesher history

TVL is the default DefiLlama definition, which excludes Active Loans and Staking. Daily values are UTC snapshots from Nov 25, 2021 to Nov 13, 2026.

All-time high TVL: $42.79m on Nov 26, 2021. All-time low TVL: $210,682 on Aug 18, 2026.

Daily TVL, Oct 15, 2026 to Nov 13, 2026

DateTVL
Oct 15, 2026$262,919
Oct 16, 2026$261,888
Oct 17, 2026$262,921
Oct 18, 2026$258,408
Oct 19, 2026$259,083
Oct 20, 2026$256,942
Oct 21, 2026$265,498
Oct 22, 2026$265,950
Oct 23, 2026$258,526
Oct 24, 2026$255,424
Oct 25, 2026$252,961
Oct 26, 2026$249,933
Oct 27, 2026$252,927
Oct 28, 2026$254,747
Oct 29, 2026$255,274
Oct 30, 2026$246,064
Oct 31, 2026$242,800
Nov 1, 2026$244,182
Nov 2, 2026$244,246
Nov 3, 2026$243,296
Nov 4, 2026$243,268
Nov 5, 2026$257,512
Nov 6, 2026$241,666
Nov 7, 2026$241,559
Nov 8, 2026$239,266
Nov 9, 2026$231,459
Nov 10, 2026$231,613
Nov 11, 2026$224,088
Nov 12, 2026$223,217
Nov 13, 2026$220,770

TVL at each month end, Dec 2024 to Nov 2026

DateTVL
Dec 31, 2024$555,823
Jan 31, 2025$579,930
Feb 28, 2025$417,453
Mar 31, 2025$355,709
Apr 30, 2025$379,488
May 31, 2025$431,146
Jun 30, 2025$451,963
Jul 31, 2025$603,796
Aug 31, 2025$598,144
Sep 30, 2025$572,878
Oct 31, 2025$506,766
Nov 30, 2025$410,972
Dec 31, 2025$384,828
Jan 31, 2026$358,784
Feb 28, 2026$273,334
Mar 31, 2026$275,790
Apr 30, 2026$301,691
May 31, 2026$276,663
Jun 30, 2026$219,979
Jul 31, 2026$245,369
Aug 31, 2026$255,813
Sep 30, 2026$291,159
Oct 31, 2026$242,800
Nov 13, 2026 (latest)$220,770

TVL at each year end, Nov 29, 2021 to Dec 31, 2025

DateTVL
Nov 29, 2021$40.73m
Dec 31, 2022$1.18m
Dec 31, 2023$1.11m
Dec 31, 2024$555,823
Dec 31, 2025$384,828

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

Frequently asked questions

What is Mesher's TVL?

As of Nov 13, 2026, Mesher has $214,266 in total value locked. TVL has decreased 20.8% over the past 30 days.

What chains does Mesher operate on?

Mesher operates on 2 chains: Ethereum and Kaia. Ethereum holds the largest share at 97.5%.

How does Mesher's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Mesher ranks #169 by TVL. The category holds $46.872b across 520 protocols, and Mesher accounts for <0.1% of that total. Similar protocols include Morpho Blue, BiFi, Avalon Finance, Aave V3, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, and Aave V4.

How much has been borrowed through Mesher?

As of Nov 13, 2026, Mesher has $53,167 in active loans.