Ask about Mesher · freeTotal Value Locked$248,949
TVL by Chain
Ethereum$243,549
Kaia$5,399
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Staked$0
Active Loans$51,431
Protocol Information
Money Market Protocol and the Oracle for Korea’s Digital Asset Market(detailed in https://docs.donkey.fund/about/whitepaper/english-whitepaper)
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubUser Activity
Active Addresses (24h)1
New Addresses (24h)0
Transactions (24h)3
Gas Used (24h)0 ETH
Gas Cost (24h)$3.10
Competitors
Mesher history
TVL is the default DefiLlama definition, which excludes Active Loans and Staking. Daily values are UTC snapshots from Nov 25, 2021 to Oct 24, 2026.
All-time high TVL: $42.79m on Nov 26, 2021. All-time low TVL: $210,682 on Aug 18, 2026.
Daily TVL, Sep 25, 2026 to Oct 24, 2026
| Date | TVL |
|---|---|
| Sep 25, 2026 | $291,687 |
| Sep 26, 2026 | $294,054 |
| Sep 27, 2026 | $294,399 |
| Sep 28, 2026 | $291,769 |
| Sep 29, 2026 | $314,058 |
| Sep 30, 2026 | $291,159 |
| Oct 1, 2026 | $291,734 |
| Oct 2, 2026 | $290,846 |
| Oct 3, 2026 | $288,141 |
| Oct 4, 2026 | $290,692 |
| Oct 5, 2026 | $293,425 |
| Oct 6, 2026 | $292,320 |
| Oct 7, 2026 | $290,208 |
| Oct 8, 2026 | $278,536 |
| Oct 9, 2026 | $268,939 |
| Oct 10, 2026 | $270,199 |
| Oct 11, 2026 | $272,030 |
| Oct 12, 2026 | $272,740 |
| Oct 13, 2026 | $261,464 |
| Oct 14, 2026 | $270,490 |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $629,435 |
| 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 24, 2026 (latest) | $255,424 |
TVL at each year end, Nov 29, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| 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 Oct 24, 2026, Mesher has $248,949 in total value locked. TVL has decreased 13.7% 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 97.8%.
How does Mesher's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Mesher ranks #172 by TVL. The category holds $51.844b across 518 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 Oct 24, 2026, Mesher has $51,431 in active loans.