Ask about Prime Protocol
Logo of Prime ProtocolPrime Protocol
Total Value Locked$353,052.93

TVL by Chain

Moonbeam$78,092

Arbitrum$75,840.5

Base$56,777.08

BSC$48,931.8

Avalanche$30,977.01

OP Mainnet$28,463

Polygon$20,639.73

Ethereum$11,586.05

Celo$1,745.76

Key Metrics

Active Loans-$29,173.38

Total Raised$4m

Mar 18, 2022$2.75mRound: SeedInvestors: Arrington XRP Capital, Framework Ventures, Jump Crypto, Anjan Vinod, Hans Tung, Joshua Lim, Noah Jessop, Chris McCann, Roshun Patel, Jeff Kuanderulo

Sep 17, 2024$1.25mRound: Strategic RoundInvestors: Arrington Capital, WAGMI Ventures, CryptoDiscover, Daemon

Protocol Information

Prime Protocol is the first natively cross-chain decentralized liquidity protocol, serving as a prime brokerage for the entire crypto ecosystem. Borrowers can deposit collateral on any supported blockchain, and receive liquidity on any other chain regardless of original collateral location. All borrows and deposits are cross-margined, so users have the experience of operating from one account across many blockchains.

Category:Lending

Audits:

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Methodology

TVL: Adds the deposits of each market to the borrows that were not redeposited into that market.View code on GitHub

Competitors

Aave V3 ($13.991b)Morpho Blue ($7.542b)OmniBTC ($1.7m)Tarot ($503,688.91)Ajna V2 ($449,782.56)SparkLend ($3.622b)Maple ($2.283b)Compound V3 ($1.125b)Venus Core Pool ($1.048b)Fluid Lending ($664.09m)

Frequently Asked Questions

What is Prime Protocol?

Prime Protocol is the first natively cross-chain decentralized liquidity protocol, serving as a prime brokerage for the entire crypto ecosystem. Borrowers can deposit collateral on any supported blockchain, and receive liquidity on any other chain regardless of original collateral location. All borrows and deposits are cross-margined, so users have the experience of operating from one account across many blockchains.

What is Prime Protocol's TVL?

Prime Protocol currently has $353,052.93 in total value locked. TVL has increased 1.6% over the past 30 days.

What chains does Prime Protocol operate on?

Prime Protocol operates on 9 chains: OP Mainnet, Base, Polygon, Ethereum, and BSC and 4 others. Moonbeam holds the largest share at 22.1%.

How does Prime Protocol's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Prime Protocol ranks #153 by TVL. The category holds $40.321b across 466 protocols, and Prime Protocol accounts for <0.1% of that total. Other leading protocols include Aave, Morpho, and Spark.

How much has been borrowed through Prime Protocol?

Prime Protocol currently has -$29,173.38 in active loans.