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Milk Finance

Total Value Locked$7,771

TVL by Chain

Base$7,771

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

Key Metrics

Active Loans$67,568

Protocol Information

Milk Finance is a USDC-backed stablecoin lending protocol on Base

Category:Lending

Audits:No

Milk Finance history

TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Apr 20, 2026 to Nov 14, 2026.

All-time high TVL: $54,176 on Apr 20, 2026. All-time low TVL: $7,771 on Nov 9, 2026.

Daily TVL, Oct 16, 2026 to Nov 14, 2026

DateTVL
Oct 16, 2026$8,707
Oct 17, 2026$8,709
Oct 18, 2026$8,707
Oct 19, 2026$8,707
Oct 20, 2026$8,708
Oct 21, 2026$8,706
Oct 22, 2026$8,706
Oct 23, 2026$8,704
Oct 24, 2026$8,706
Oct 25, 2026$8,705
Oct 26, 2026$8,288
Oct 27, 2026$8,285
Oct 28, 2026$8,285
Oct 29, 2026$8,235
Oct 30, 2026$8,210
Oct 31, 2026$8,097
Nov 1, 2026$8,098
Nov 2, 2026$8,096
Nov 3, 2026$8,096
Nov 4, 2026$8,096
Nov 5, 2026$7,788
Nov 6, 2026$7,787
Nov 7, 2026$7,788
Nov 8, 2026$7,788
Nov 9, 2026$7,771
Nov 10, 2026$7,772
Nov 11, 2026$7,772
Nov 12, 2026$7,773
Nov 13, 2026$7,772
Nov 14, 2026$7,772

TVL at each month end, Apr 2026 to Nov 2026

DateTVL
Apr 30, 2026$24,771
May 31, 2026$21,713
Jun 30, 2026$16,970
Jul 31, 2026$10,358
Aug 31, 2026$10,006
Sep 30, 2026$9,109
Oct 31, 2026$8,097
Nov 14, 2026 (latest)$7,772

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

Frequently asked questions

What is Milk Finance's TVL?

As of Nov 14, 2026, Milk Finance has $7,771 in total value locked. TVL has decreased 7% over the past 30 days.

What chains does Milk Finance operate on?

Milk Finance operates on Base. Base holds the largest share at 100%.

How does Milk Finance's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Milk Finance ranks #313 by TVL. The category holds $45.121b across 521 protocols, and Milk Finance accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Compound V3, Venus Core Pool, Aave V4, Fluid Lending, Euler V2, Morpho Midnight, Native Credit Pool, and Exactly.

How much has been borrowed through Milk Finance?

As of Nov 14, 2026, Milk Finance has $67,568 in active loans.