Total Value Locked$254,782
TVL by Chain
Waves$254,782
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$8,820
Protocol Information
Puzzle Lend is the safest Lending Protocol built on the Waves blockchain
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Puzzle Lend history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Mar 30, 2023 to Oct 23, 2026.
All-time high TVL: $4.84m on Mar 25, 2025. All-time low TVL: $184,691 on Jul 29, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $232,806 |
| Sep 25, 2026 | $240,346 |
| Sep 26, 2026 | $273,454 |
| Sep 27, 2026 | $271,639 |
| Sep 28, 2026 | $270,758 |
| Sep 29, 2026 | $265,405 |
| Sep 30, 2026 | $233,446 |
| Oct 1, 2026 | $242,929 |
| Oct 2, 2026 | $273,929 |
| Oct 3, 2026 | $272,843 |
| Oct 4, 2026 | $272,140 |
| Oct 5, 2026 | $275,415 |
| Oct 6, 2026 | $242,517 |
| Oct 7, 2026 | $235,622 |
| Oct 8, 2026 | $257,643 |
| Oct 9, 2026 | $252,395 |
| Oct 10, 2026 | $224,001 |
| Oct 11, 2026 | $261,587 |
| Oct 12, 2026 | $231,655 |
| Oct 13, 2026 | $224,581 |
| Oct 14, 2026 | $226,155 |
| Oct 15, 2026 | $221,139 |
| Oct 16, 2026 | $222,491 |
| Oct 17, 2026 | $221,470 |
| Oct 18, 2026 | $247,833 |
| Oct 19, 2026 | $247,137 |
| Oct 20, 2026 | $248,332 |
| Oct 21, 2026 | $249,969 |
| Oct 22, 2026 | $252,882 |
| Oct 23, 2026 | $227,165 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $557,323 |
| Dec 31, 2024 | $773,404 |
| Jan 31, 2025 | $947,943 |
| Feb 28, 2025 | $2.27m |
| Mar 31, 2025 | $3.69m |
| Apr 30, 2025 | $2.76m |
| May 31, 2025 | $2.7m |
| Jun 30, 2025 | $2.26m |
| Jul 31, 2025 | $2.25m |
| Aug 31, 2025 | $3.13m |
| Sep 30, 2025 | $860,883 |
| Oct 31, 2025 | $700,757 |
| Nov 30, 2025 | $717,243 |
| Dec 31, 2025 | $642,084 |
| Jan 31, 2026 | $326,447 |
| Feb 28, 2026 | $1.17m |
| Mar 31, 2026 | $991,136 |
| Apr 30, 2026 | $799,591 |
| May 31, 2026 | $657,349 |
| Jun 30, 2026 | $378,078 |
| Jul 31, 2026 | $340,161 |
| Aug 31, 2026 | $228,976 |
| Sep 30, 2026 | $233,446 |
| Oct 23, 2026 (latest) | $227,165 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $2.3m |
| Dec 31, 2024 | $773,404 |
| Dec 31, 2025 | $642,084 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/puzzle-lend
Frequently asked questions
What is Puzzle Lend's TVL?
As of Oct 23, 2026, Puzzle Lend has $254,782 in total value locked. TVL has increased 7.8% over the past 30 days.
What chains does Puzzle Lend operate on?
Puzzle Lend operates on Waves. Waves holds the largest share at 100%.
How does Puzzle Lend's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Puzzle Lend ranks #173 by TVL. The category holds $52.82b across 518 protocols, and Puzzle Lend accounts for <0.1% of that total. Similar protocols include Vires Finance, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Hyperliquid Earn, Compound V3, Kamino Lend, and Venus Core Pool.
How much has been borrowed through Puzzle Lend?
As of Oct 23, 2026, Puzzle Lend has $8,820 in active loans.