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Phi(PHI)

Total Value Locked$2,576

TVL by Chain

Base$2,576

Key Metrics

Total Raised$2m

Feb 17, 2023$2mRound: SeedInvestors: Chapter One, Delphi Digital, Polygon Ventures, Stani Kulechov, Anthony Sassano, Ryan Sean Adams, David Hoffmann, Kartik Talwar, Scott More, Tim Beiko, Makoto Inoue, 0xmons, Zefram

Nov 4, 2024Round: StrategicInvestors: Neoclassic Capital, Decima, Cyber, PAKA, Incubate Fund

Protocol Information

An open credentialing protocol for on-chain identity that revolutionizes how users build, visualize, and showcase their on-chain identity

X/Twitter
Category:Launchpad

Audits:

Methodology

TVL: Phi Protocol is an open credentialing protocol for on-chain identity. TVL is calculated by summing ETH held in core protocol contracts (PhiRewards, PhiEthFactory) and all hook contracts and PhiEth token contracts deployed by PhiEthFactory on Base network.View code on GitHub

Competitors

DxSale ($17.13m)Aerodrome Ignition ($15.51m)Flap sh ($3.38m)Umia ($2.92m)Bio Protocol ($2.75m)flaunch ($1.41m)Mint Club V2 ($590,006)g8keep ($130,826)Bitbond Sales ($55,939)basedbid ($53,492)

Phi history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 22, 2025 to Nov 12, 2026.

All-time high TVL: $7,943 on Oct 27, 2025. All-time low TVL: $1,952 on Jun 26, 2026.

Daily TVL, Oct 14, 2026 to Nov 12, 2026

DateTVL
Oct 14, 2026$3,172
Oct 15, 2026$2,991
Oct 16, 2026$3,088
Oct 17, 2026$3,068
Oct 18, 2026$3,059
Oct 19, 2026$3,062
Oct 20, 2026$3,056
Oct 21, 2026$3,105
Oct 22, 2026$3,138
Oct 23, 2026$3,051
Oct 24, 2026$2,985
Oct 25, 2026$2,980
Oct 26, 2026$2,920
Oct 27, 2026$2,924
Oct 28, 2026$2,955
Oct 29, 2026$2,967
Oct 30, 2026$2,799
Oct 31, 2026$2,833
Nov 1, 2026$2,849
Nov 2, 2026$2,905
Nov 3, 2026$2,840
Nov 4, 2026$2,849
Nov 5, 2026$3,056
Nov 6, 2026$2,808
Nov 7, 2026$2,827
Nov 8, 2026$2,814
Nov 9, 2026$2,694
Nov 10, 2026$2,674
Nov 11, 2026$2,585
Nov 12, 2026$2,583

TVL at each month end, Oct 2025 to Nov 2026

DateTVL
Oct 31, 2025$7,394
Nov 30, 2025$4,667
Dec 31, 2025$4,910
Jan 31, 2026$4,502
Feb 28, 2026$3,205
Mar 31, 2026$3,441
Apr 30, 2026$3,754
May 31, 2026$2,613
Jun 30, 2026$2,052
Jul 31, 2026$2,423
Aug 31, 2026$3,093
Sep 30, 2026$3,416
Oct 31, 2026$2,833
Nov 12, 2026 (latest)$2,583

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

Frequently asked questions

What is Phi's TVL?

As of Nov 12, 2026, Phi has $2,576 in total value locked. TVL has decreased 17.3% over the past 30 days.

What chains does Phi operate on?

Phi operates on Base. Base holds the largest share at 100%.

How does Phi's TVL compare to similar protocols?

Among Launchpad protocols tracked by DefiLlama, Phi ranks #89 by TVL. The category holds $219.16m across 349 protocols, and Phi accounts for <0.1% of that total. Similar protocols include DxSale, Aerodrome Ignition, Flap sh, Umia, Bio Protocol, flaunch, Mint Club V2, g8keep, Bitbond Sales, and basedbid.