Ask about Ribbon Finance · freeTotal Value Locked$5.06m
TVL by Chain
Ethereum$4.53m
Solana$436,374
Avalanche$94,550
BSC$14
Key Metrics
Cumulative Fees$134,002
Cumulative Fees by chain
Ethereum$128,604
Avalanche$5,398
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Market Cap$1.38m
$RBN Price$0.021
Fully Diluted Valuation$20.55m
Outstanding FDV$20.55m
$RBN Volume 24h$2.09
CEX Volume$0
DEX Volume$2.08(99.52% of total)
Staked$8,767(0.63% of mcap)
Active Loans$63
Treasury$7.55m
Majors$3.18m
Stablecoins$755,028
Own Tokens$3.53m
Others$73,632
Total Raised$8.75m
Mar 23, 2022$8.75mRound: Series A+Investors: Paradigm
Protocol Information
Structured products protocol
- RibbonOptions Vault
- Ribbon EarnOptions
- Ribbon LendUncollateralized Lending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Hacks
Date: Jun 24, 2022
Protocol: Ribbon
Amount: $12,000
Classification: Frontend & Infrastructure
Technique: DNS Hijack
On June 24, 2022, Ribbon Finance suffered a similar DNS hijacking attack that same week, likely using similar methodology as the Convex attack. Users were redirected to a phishing site and tricked into approving malicious contracts, resulting in limited token losses and a mass withdrawal from the protocol.
Chains: Ethereum
Target Type: DeFi Protocol
Date: Dec 12, 2025
Protocol: Ribbon
Amount: $2.7m
Classification: Access Control
Technique: Improper Access Control
Aevo's legacy Ribbon DOV vaults were drained of $2.7 million on December 12, 2025. An oracle upgrade created a decimal mismatch (8 vs 18 decimals) with legacy assets. The attacker exploited a publicly-accessible oracle price-setting function and minimal collateral requirements to create undercollateralized positions and drain the vaults.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Ribbon Finance history
TVL is the default DefiLlama definition, which excludes Staking and Active Loans. Daily values are UTC snapshots from Mar 31, 2021 to Nov 5, 2026.
All-time high TVL: $310.15m on Apr 22, 2022. All-time low TVL: $9,345 on Mar 31, 2021.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $5.64m |
| Oct 8, 2026 | $5.45m |
| Oct 9, 2026 | $5.29m |
| Oct 10, 2026 | $5.31m |
| Oct 11, 2026 | $5.32m |
| Oct 12, 2026 | $5.39m |
| Oct 13, 2026 | $5.19m |
| Oct 14, 2026 | $5.31m |
| Oct 15, 2026 | $5.18m |
| Oct 16, 2026 | $5.22m |
| Oct 17, 2026 | $5.18m |
| Oct 18, 2026 | $5.15m |
| Oct 19, 2026 | $5.18m |
| Oct 20, 2026 | $5.18m |
| Oct 21, 2026 | $5.27m |
| Oct 22, 2026 | $5.31m |
| Oct 23, 2026 | $5.16m |
| Oct 24, 2026 | $5.11m |
| Oct 25, 2026 | $5.1m |
| Oct 26, 2026 | $5.06m |
| Oct 27, 2026 | $5.02m |
| Oct 28, 2026 | $5.06m |
| Oct 29, 2026 | $5.08m |
| Oct 30, 2026 | $4.81m |
| Oct 31, 2026 | $4.85m |
| Nov 1, 2026 | $4.88m |
| Nov 2, 2026 | $4.88m |
| Nov 3, 2026 | $4.81m |
| Nov 4, 2026 | $4.83m |
| Nov 5, 2026 | $5.06m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $14.46m |
| Jan 31, 2025 | $14.85m |
| Feb 28, 2025 | $10.93m |
| Mar 31, 2025 | $9.06m |
| Apr 30, 2025 | $9.54m |
| May 31, 2025 | $11.33m |
| Jun 30, 2025 | $11.75m |
| Jul 31, 2025 | $14.18m |
| Aug 31, 2025 | $15.18m |
| Sep 30, 2025 | $14.94m |
| Oct 31, 2025 | $13.52m |
| Nov 30, 2025 | $10.92m |
| Dec 31, 2025 | $6.39m |
| Jan 31, 2026 | $5.92m |
| Feb 28, 2026 | $4.52m |
| Mar 31, 2026 | $4.59m |
| Apr 30, 2026 | $5.04m |
| May 31, 2026 | $4.74m |
| Jun 30, 2026 | $4.02m |
| Jul 31, 2026 | $4.4m |
| Aug 31, 2026 | $5.31m |
| Sep 30, 2026 | $5.63m |
| Oct 31, 2026 | $4.85m |
| Nov 5, 2026 (latest) | $5.06m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $285.59m |
| Dec 31, 2022 | $70.74m |
| Dec 31, 2023 | $16.01m |
| Dec 31, 2024 | $14.46m |
| Dec 31, 2025 | $6.39m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/ribbon-finance
Frequently asked questions
What is Ribbon Finance's TVL?
As of Nov 5, 2026, Ribbon Finance has $5.06m in total value locked. TVL has decreased 10.6% over the past 30 days.
What chains does Ribbon Finance operate on?
Ribbon Finance operates on 4 chains: Ethereum, Solana, Avalanche, and BSC. Ethereum holds the largest share at 89.5%.
What is the RBN token price and valuation?
RBN is currently trading at $0.021. Its circulating market capitalization is $1.38m, ranking it #3,292. Its fully diluted valuation is $20.55m. Supply currently stands at 67.3m circulating, 1b total supply, 1b maximum supply.
How has RBN performed recently?
RBN is down 8.9% over the past 7 days and down 20.6% over the past 30 days. Its all-time high is $5.54, reached on Oct 7, 2021. The token is currently 99.6% below that level.
Which protocols are included in Ribbon Finance?
Ribbon Finance is a parent protocol whose tracked products include Ribbon, Ribbon Earn, and Ribbon Lend.
How much has been borrowed through Ribbon Finance?
As of Nov 5, 2026, Ribbon Finance has $63 in active loans.
Does Ribbon Finance have a treasury?
Ribbon Finance has a tracked treasury currently valued at $7.55m. Its holdings include $755,028 in stablecoins, $3.18m in major assets, $3.53m in its own tokens, $73,632 in other assets.
Has Ribbon Finance ever been exploited?
Ribbon Finance has 2 recorded security incidents. The most recent incident occurred on Dec 12, 2025 and involved $2.7m. It was classified as Access Control.