Ask about Pine Protocol · freeTotal Value Locked$18,091
TVL by Chain
Ethereum$17,988
Polygon$103.32
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Market Cap$211,498
$PINE Price$0.0011
Fully Diluted Valuation$211,498
$PINE Volume 24h$131.14
CEX Volume$59.15
DEX Volume$74.28(56.64% of total)
Active Loans$205,389
Total Raised$4.5m
May 19, 2022$1.5mRound: Seed
Dec 16, 2022$3mRound: PrivateInvestors: Amber Group, Sparkle Ventures, Shima Capital, The Lao, MapleBlock Capital, The Spartan Group
Protocol Information
Non-custodial decentralized asset-backed lending protocol that allows borrowers to borrow fungible digital tokens from lenders using non-fungible tokens as collateral.
Hacks
Date: Dec 22, 2023
Amount: $95,000
Classification: Protocol Logic
Technique: Swap Logic Flaw
Pine Protocol was exploited via a flaw where old and new contract versions shared the same liquidity pools. An attacker used this to borrow NFT collateral from the new pool while recording repayment as a flash loan, allowing them to drain vault assets repeatedly across multiple transactions.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Closest by TVL
Pine Protocol history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jan 19, 2023 to Nov 13, 2026.
All-time high TVL: $1.19m on Apr 9, 2023. All-time low TVL: $12,494 on Jun 26, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $21,693 |
| Oct 16, 2026 | $22,133 |
| Oct 17, 2026 | $21,993 |
| Oct 18, 2026 | $22,005 |
| Oct 19, 2026 | $21,927 |
| Oct 20, 2026 | $21,813 |
| Oct 21, 2026 | $22,366 |
| Oct 22, 2026 | $22,459 |
| Oct 23, 2026 | $22,029 |
| Oct 24, 2026 | $21,844 |
| Oct 25, 2026 | $21,680 |
| Oct 26, 2026 | $21,251 |
| Oct 27, 2026 | $21,312 |
| Oct 28, 2026 | $21,699 |
| Oct 29, 2026 | $21,373 |
| Oct 30, 2026 | $20,451 |
| Oct 31, 2026 | $20,819 |
| Nov 1, 2026 | $20,924 |
| Nov 2, 2026 | $21,384 |
| Nov 3, 2026 | $20,916 |
| Nov 4, 2026 | $20,958 |
| Nov 5, 2026 | $22,391 |
| Nov 6, 2026 | $20,521 |
| Nov 7, 2026 | $20,585 |
| Nov 8, 2026 | $20,482 |
| Nov 9, 2026 | $19,704 |
| Nov 10, 2026 | $19,374 |
| Nov 11, 2026 | $18,861 |
| Nov 12, 2026 | $18,739 |
| Nov 13, 2026 | $18,608 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $77,684 |
| Jan 31, 2025 | $54,790 |
| Feb 28, 2025 | $36,478 |
| Mar 31, 2025 | $28,419 |
| Apr 30, 2025 | $29,139 |
| May 31, 2025 | $33,682 |
| Jun 30, 2025 | $32,455 |
| Jul 31, 2025 | $49,259 |
| Aug 31, 2025 | $53,363 |
| Sep 30, 2025 | $49,347 |
| Oct 31, 2025 | $30,972 |
| Nov 30, 2025 | $24,227 |
| Dec 31, 2025 | $24,080 |
| Jan 31, 2026 | $21,857 |
| Feb 28, 2026 | $15,650 |
| Mar 31, 2026 | $16,814 |
| Apr 30, 2026 | $18,352 |
| May 31, 2026 | $16,425 |
| Jun 30, 2026 | $13,068 |
| Jul 31, 2026 | $18,536 |
| Aug 31, 2026 | $23,427 |
| Sep 30, 2026 | $24,758 |
| Oct 31, 2026 | $20,819 |
| Nov 13, 2026 (latest) | $18,608 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $210,140 |
| Dec 31, 2024 | $77,684 |
| Dec 31, 2025 | $24,080 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pine-protocol
Frequently asked questions
What is Pine Protocol's TVL?
As of Nov 13, 2026, Pine Protocol has $18,091 in total value locked. TVL has decreased 21.1% over the past 30 days.
What chains does Pine Protocol operate on?
Pine Protocol operates on 2 chains: Ethereum and Polygon. Ethereum holds the largest share at 99.4%.
What is the PINE token price and valuation?
PINE is currently trading at $0.0011. Its circulating market capitalization is $211,494, ranking it #5,484. Its fully diluted valuation is $211,494. Supply currently stands at 199.58m circulating, 199.58m total supply, 200m maximum supply.
How has PINE performed recently?
PINE is down 3.6% over the past 7 days and down 25.2% over the past 30 days. Its all-time high is $0.74, reached on Feb 14, 2023. The token is currently 99.9% below that level.
How does Pine Protocol's TVL compare to similar protocols?
Among NFT Lending protocols tracked by DefiLlama, Pine Protocol ranks #9 by TVL. The category holds $4.9m across 31 protocols, and Pine Protocol accounts for 0.4% of that total. Similar protocols include Revest Finance, Gondi V3, JPEG'd, BendDAO Lending V1, Blur Lending, Arcade.xyz, OpenSky Finance, Llamalend, NFTfi, and Drops.
How much has been borrowed through Pine Protocol?
As of Nov 13, 2026, Pine Protocol has $205,389 in active loans.
Has Pine Protocol ever been exploited?
Pine Protocol has 1 recorded security incident. The most recent incident occurred on Dec 22, 2023 and involved $95,000. It was classified as Protocol Logic.