Ask about Reflexer · freeTotal Value Locked$2.47m
TVL by Chain
Ethereum$2.47m
Key Metrics
Fees 30d$0
Fees 30d by chain
Ethereum$0
Fees 7d$0
Ethereum$0
Fees 24h$0
Ethereum$0
Cumulative Fees$0
Ethereum$0
Revenue 30d$0
Revenue 30d by chain
Ethereum$0
Revenue 7d$0
Ethereum$0
Revenue 24h$0
Ethereum$0
Cumulative Revenue$0
Ethereum$0
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Market Cap$1.13m
$FLX Price$1.37
Fully Diluted Valuation$1.31m
$FLX Volume 24h$108.26
CEX Volume$0
DEX Volume$378.65(349.76% of total)
Total Raised$5.82m
Aug 5, 2020$1.68mRound: SeedInvestors: Paradigm, Robert Leshner, Standard Crypto
Feb 11, 2021$4.14mRound: Investors: Lemniscap, Pantera Capital
Protocol Information
A decentralized, stable and non pegged currency made for the digital economy
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Positive stability fees accrued by Reflexer SAFE debt, plus realized liquidation fees from collateral auctions.View code on GitHubRevenue: Signed stability-fee accrual to TaxCollector receivers, plus realized liquidation fees from collateral auctions. Negative stability-fee adjustments reduce revenue but are not added to gross fees.View code on GitHubHolders Revenue: FLX sent to staking rewards and burned through Reflexer mixed strategy surplus auctions.View code on GitHubCompetitors
Reflexer history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 18, 2021 to Oct 28, 2026.
All-time high TVL: $389.43m on Mar 15, 2021. All-time low TVL: $1.72m on Jun 26, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $2.83m |
| Sep 30, 2026 | $2.82m |
| Oct 1, 2026 | $2.82m |
| Oct 2, 2026 | $2.85m |
| Oct 3, 2026 | $2.82m |
| Oct 4, 2026 | $2.83m |
| Oct 5, 2026 | $2.87m |
| Oct 6, 2026 | $2.86m |
| Oct 7, 2026 | $2.82m |
| Oct 8, 2026 | $2.7m |
| Oct 9, 2026 | $2.59m |
| Oct 10, 2026 | $2.61m |
| Oct 11, 2026 | $2.62m |
| Oct 12, 2026 | $2.66m |
| Oct 13, 2026 | $2.55m |
| Oct 14, 2026 | $2.62m |
| Oct 15, 2026 | $2.53m |
| Oct 16, 2026 | $2.56m |
| Oct 17, 2026 | $2.54m |
| Oct 18, 2026 | $2.52m |
| Oct 19, 2026 | $2.53m |
| Oct 20, 2026 | $2.51m |
| Oct 21, 2026 | $2.57m |
| Oct 22, 2026 | $2.6m |
| Oct 23, 2026 | $2.5m |
| Oct 24, 2026 | $2.48m |
| Oct 25, 2026 | $2.47m |
| Oct 26, 2026 | $2.43m |
| Oct 27, 2026 | $2.43m |
| Oct 28, 2026 | $2.46m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $21.31m |
| Dec 31, 2024 | $20.06m |
| Jan 31, 2025 | $19.17m |
| Feb 28, 2025 | $10.22m |
| Mar 31, 2025 | $7.9m |
| Apr 30, 2025 | $9.25m |
| May 31, 2025 | $12.02m |
| Jun 30, 2025 | $4.11m |
| Jul 31, 2025 | $5.13m |
| Aug 31, 2025 | $5.65m |
| Sep 30, 2025 | $4.99m |
| Oct 31, 2025 | $4.44m |
| Nov 30, 2025 | $3.48m |
| Dec 31, 2025 | $3.32m |
| Jan 31, 2026 | $3.01m |
| Feb 28, 2026 | $2.15m |
| Mar 31, 2026 | $2.27m |
| Apr 30, 2026 | $2.52m |
| May 31, 2026 | $2.24m |
| Jun 30, 2026 | $1.75m |
| Jul 31, 2026 | $2.1m |
| Aug 31, 2026 | $2.62m |
| Sep 30, 2026 | $2.82m |
| Oct 28, 2026 (latest) | $2.46m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $198.91m |
| Dec 31, 2022 | $29.54m |
| Dec 31, 2023 | $26.5m |
| Dec 31, 2024 | $20.06m |
| Dec 31, 2025 | $3.32m |
Fees, revenue and holders revenue by UTC calendar month, Oct 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2026 (to date) | $0 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/reflexer
Frequently asked questions
What is Reflexer's TVL?
As of Oct 28, 2026, Reflexer has $2.47m in total value locked. TVL has decreased 12% over the past 30 days.
What chains does Reflexer operate on?
Reflexer operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Reflexer generated in fees and revenue?
Over the past 30 days, Reflexer generated $0 in fees. Of that, $0 was protocol revenue.
What is the FLX token price and valuation?
FLX is currently trading at $1.37. Its circulating market capitalization is $1.13m, ranking it #3,512. Its fully diluted valuation is $1.31m. Supply currently stands at 827,118.09 circulating, 957,122.3 total supply.
How has FLX performed recently?
FLX is up 11.7% over the past 7 days and up 2.4% over the past 30 days. Its all-time high is $1,840, reached on Apr 15, 2021. The token is currently 99.9% below that level.
How does Reflexer's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Reflexer ranks #24 by TVL. The category holds $7.377b across 197 protocols, and Reflexer accounts for <0.1% of that total. Similar protocols include Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, BIMA CDP, and Inverse Finance Frontier.