Total Value Locked$212,554
TVL by Chain
Waves$212,554
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$8,039
Puzzle Lend history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Mar 30, 2023 to Nov 12, 2026.
All-time high TVL: $4.84m on Mar 25, 2025. All-time low TVL: $184,691 on Jul 29, 2026.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 24, 2026 | $250,124 |
| Oct 25, 2026 | $238,274 |
| Oct 26, 2026 | $236,658 |
| Oct 27, 2026 | $208,377 |
| Oct 28, 2026 | $208,788 |
| Oct 29, 2026 | $209,695 |
| Oct 30, 2026 | $202,142 |
| Oct 31, 2026 | $205,190 |
| Nov 1, 2026 | $232,668 |
| Nov 2, 2026 | $231,243 |
| Nov 3, 2026 | $239,881 |
| Nov 4, 2026 | $206,908 |
| Nov 5, 2026 | $203,961 |
| Nov 6, 2026 | $228,476 |
| Nov 7, 2026 | $227,872 |
| Nov 8, 2026 | $227,013 |
| Nov 9, 2026 | $199,133 |
| Nov 10, 2026 | $196,703 |
| Nov 11, 2026 | $211,588 |
| Nov 12, 2026 | $212,667 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 31, 2026 | $205,190 |
| Nov 12, 2026 (latest) | $212,667 |
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 Nov 12, 2026, Puzzle Lend has $212,554 in total value locked. TVL has decreased 5.4% 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 $47.772b across 520 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, Kamino Lend, Compound V3, and Venus Core Pool.
How much has been borrowed through Puzzle Lend?
As of Nov 12, 2026, Puzzle Lend has $8,039 in active loans.