Ask about Re · freeTotal Value Locked$477.23m
TVL by Chain
Ethereum$472.89m
Base$4.32m
Arbitrum$6,710
Avalanche$5,065
Key Metrics
Fees 30d$2.02m
Fees 30d by chain
Ethereum$2m
Arbitrum$12,556
Base$3,005
Avalanche$2,635
Fees 7d$518,190
Ethereum$513,584
Arbitrum$3,313
Base$694
Avalanche$599
Fees 24h$76,132
Ethereum$75,426
Arbitrum$520
Base$101
Avalanche$85
Cumulative Fees$13.03m
Ethereum$12.75m
Avalanche$239,294
Base$40,855
Arbitrum$15,451
Revenue 30d$3,857
Revenue 30d by chain
Ethereum$3,857
Arbitrum$0
Avalanche$0
Base$0
Revenue 7d$232.92
Ethereum$232.92
Arbitrum$0
Avalanche$0
Base$0
Revenue 24h$225
Ethereum$225
Arbitrum$0
Avalanche$0
Base$0
Cumulative Revenue$165,440
Ethereum$156,995
Avalanche$7,783
Base$641.71
Arbitrum$21
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$162,632
Earnings 30d$3,857
Earnings 7d$232.92
Earnings 24h$225
Cumulative Earnings$165,440
Market Cap$55.95m
$RE Price$0.35
Fully Diluted Valuation$350.56m
Outstanding FDV$304.99m
$RE Volume 24h$13.61m
CEX Volume$9.12m
DEX Volume$4.56m(33.48% of total)
Total Raised$14m
Sep 28, 2022$14mRound: SeedInvestors: Tribe Capital, Defy, Exor, Stratos, Morgan Creek Digital, SiriusPoint, Framework Ventures
Jun 17, 2026Round: StrategicInvestors: Coinbase Ventures
Protocol Information
Re is a decentralized reinsurance protocol that bridges real-world insurance risk on-chain. It pools capital through stablecoins, issues tokenized receipt assets (reUSD, reUSDe), and allocates funds into regulated reinsurance contracts. Returns are generated from underwriting premiums and on-chain yield, with transparent reporting of collateral and performance.
Sub Category: Other Fixed Income
Audits:
Methodology
TVL: Value of the tokens in the custodian wallets + value of the tokens in redemption reserves + off-chain assets tracked via oracle (tracked as USDC)View code on GitHubFees: Yield accrued by reUSD and reUSDe, plus fees recorded in the fee vaultView code on GitHubRevenue: Fees recorded in the fee vaultView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked2
Average Supply APY9.32%
Competitors
Re history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 1, 2025 to Oct 30, 2026.
All-time high TVL: $473.23m on Oct 30, 2026. All-time low TVL: $84.51m on Dec 2, 2025.
Daily TVL, Oct 1, 2026 to Oct 30, 2026
| Date | TVL |
|---|---|
| Oct 1, 2026 | $392.24m |
| Oct 2, 2026 | $394.27m |
| Oct 3, 2026 | $394.13m |
| Oct 4, 2026 | $395.25m |
| Oct 5, 2026 | $398.25m |
| Oct 6, 2026 | $397.09m |
| Oct 7, 2026 | $397.9m |
| Oct 8, 2026 | $400.54m |
| Oct 9, 2026 | $400.35m |
| Oct 10, 2026 | $404.89m |
| Oct 11, 2026 | $408.47m |
| Oct 12, 2026 | $411.99m |
| Oct 13, 2026 | $414.92m |
| Oct 14, 2026 | $417.86m |
| Oct 15, 2026 | $431.69m |
| Oct 16, 2026 | $434.66m |
| Oct 17, 2026 | $441.18m |
| Oct 18, 2026 | $443.3m |
| Oct 19, 2026 | $445.24m |
| Oct 20, 2026 | $449.33m |
| Oct 21, 2026 | $450.64m |
| Oct 22, 2026 | $454.17m |
| Oct 23, 2026 | $458.14m |
| Oct 24, 2026 | $461.26m |
| Oct 25, 2026 | $464.15m |
| Oct 26, 2026 | $465.28m |
| Oct 27, 2026 | $467.49m |
| Oct 28, 2026 | $468.77m |
| Oct 29, 2026 | $472.92m |
| Oct 30, 2026 | $473.23m |
TVL at each month end, Dec 2025 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2025 | $112.93m |
| Jan 31, 2026 | $123.86m |
| Feb 28, 2026 | $137.04m |
| Mar 31, 2026 | $165.77m |
| Apr 30, 2026 | $259.5m |
| May 31, 2026 | $281.54m |
| Jun 30, 2026 | $250.57m |
| Jul 31, 2026 | $260.15m |
| Aug 31, 2026 | $328.11m |
| Sep 30, 2026 | $391.86m |
| Oct 30, 2026 (latest) | $473.23m |
Fees and revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2025 | $442 | $0 |
| Jun 2025 | $6,834 | $0 |
| Jul 2025 | $22,387 | $0 |
| Aug 2025 | $65,168 | $0 |
| Sep 2025 | $104,983 | $0 |
| Oct 2025 | $229,892 | $3,108 |
| Nov 2025 | $357,706 | $24,609 |
| Dec 2025 | $440,885 | $1,540 |
| Jan 2026 | $789,942 | $15,634 |
| Feb 2026 | $645,045 | $6,945 |
| Mar 2026 | $943,195 | $13,678 |
| Apr 2026 | $1.1m | $24,881 |
| May 2026 | $1.17m | $12,360 |
| Jun 2026 | $1.24m | $38,534 |
| Jul 2026 | $1.1m | $6,916 |
| Aug 2026 | $1.24m | $6,463 |
| Sep 2026 | $1.62m | $6,917 |
| Oct 2026 (to date) | $2.03m | $4,082 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/re
Frequently asked questions
What is Re's TVL?
As of Oct 30, 2026, Re has $477.23m in total value locked. TVL has increased 21.8% over the past 30 days.
What chains does Re operate on?
Re operates on 4 chains: Ethereum, Base, Arbitrum, and Avalanche. Ethereum holds the largest share at 99.1%.
How much has Re generated in fees and revenue?
Over the past 30 days, Re generated $2.02m in fees. Of that, $3,857 was protocol revenue. Based on the trailing year, the annualized rate is $12.63m in fees and $162,632 in revenue.
What is the RE token price and valuation?
RE is currently trading at $0.36. Its circulating market capitalization is $56.98m, ranking it #552. Its fully diluted valuation is $357m. Supply currently stands at 159.6m circulating, 1b total supply, 1b maximum supply.
How has RE performed recently?
RE is down 7.5% over the past 7 days and down 26.3% over the past 30 days. Its all-time high is $1.08, reached on Jun 20, 2026. The token is currently 66.9% below that level.
How does Re's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Re ranks #2 by TVL. The category holds $3.911b across 177 protocols, and Re accounts for 12.2% of that total. Similar protocols include Sweep, Brickken, Tangible RWA, Theo Network thBill, Travessia Credit, Mountain Protocol, Boson Protocol, Florence Finance, OpenTrade, and Plume Vaults.
How many yield pools does Re have?
DefiLlama tracks 2 Re yield pools with an average APY of 9.3%.