Ask about Saddle Finance · freeSaddle Finance(SDL)Deprecated protocol
Total Value Locked$953,176
TVL by Chain
Ethereum$937,905
Arbitrum$14,800
OP Mainnet$467.52
Aurora$2
Fantom$1.18
Evmos$0
Kava$0
Key Metrics
Fees 30d$0.15
Fees 30d by chain
Arbitrum$0.15
Ethereum$0
Fees 7d$0.03
Arbitrum$0.03
Ethereum$0
Fees 24h$0
Arbitrum$0
Ethereum$0
Cumulative Fees$332.74
Arbitrum$332.74
Ethereum$0
Revenue 30d$0.04
Revenue 30d by chain
Arbitrum$0.04
Ethereum$0
Revenue 7d$0
Arbitrum$0
Ethereum$0
Revenue 24h$0
Arbitrum$0
Ethereum$0
Cumulative Revenue$161.27
Arbitrum$161.27
Ethereum$0
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Ethereum$0
Holders Revenue 7d$0
Arbitrum$0
Ethereum$0
Holders Revenue 24h$0
Arbitrum$0
Ethereum$0
Cumulative Holders Revenue$0
Arbitrum$0
Ethereum$0
DEX Volume 30d$409.06
DEX Volume 30d by chain
Arbitrum$409.06
Ethereum$0
DEX Volume 7d$58.50
Arbitrum$58.50
Ethereum$0
DEX Volume 24h$5.11
Arbitrum$5.11
Ethereum$0
Cumulative DEX Volume$1.156b
Ethereum$929.15m
Arbitrum$226.66m
Total Raised$11.8m
Jan 19, 2021$4.3mRound: SeedInvestors: Alameda Research, Alexander Pack, Ash Egan, Coinbase Ventures, Divergence Ventures, Dragonfly Capital, Electric Capital, Framework Ventures, Linda Xie, Polychain Capital, Qiao Wang
Nov 11, 2021$7.5mRound: Series AInvestors: eGirl Capital, Electric Capital, Nalu Capital, Nascent, Polychain, Project Galaxy
Protocol Information
Saddle is an automated market maker for pegged value crypto assets.
Sub Category: StableSwap
Audits:
Methodology
TVL: Counts as TVL all the Assets deposited on each chain through different Pool ContractsView code on GitHubFees: Users pay fees per swap.View code on GitHubRevenue: Amount of swap fees shared to admin.View code on GitHubHolders Revenue: Money going to governance token holdersView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubHacks
Date: Apr 30, 2022
Amount: $11m
Classification: Protocol Logic
Technique: Swap Logic Flaw
On April 30, 2022, Saddle Finance metapool was exploited via flash loan-assisted swaps manipulating LP token pricing. The attacker exploited inconsistencies in price calculations in the sUSD/saddleUSD-V2 metapool, which used the incorrect MetaSwapUtils library, enabling extraction of ~$11M.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Saddle Finance history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 6, 2021 to Nov 4, 2026.
All-time high TVL: $308.46m on Mar 30, 2022. All-time low TVL: $736,750 on Jul 1, 2026.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| Oct 6, 2026 | $1.02m |
| Oct 7, 2026 | $1.02m |
| Oct 8, 2026 | $990,261 |
| Oct 9, 2026 | $970,173 |
| Oct 10, 2026 | $977,381 |
| Oct 11, 2026 | $982,140 |
| Oct 12, 2026 | $988,659 |
| Oct 13, 2026 | $964,366 |
| Oct 14, 2026 | $980,842 |
| Oct 15, 2026 | $959,579 |
| Oct 16, 2026 | $967,121 |
| Oct 17, 2026 | $959,384 |
| Oct 18, 2026 | $957,403 |
| Oct 19, 2026 | $960,775 |
| Oct 20, 2026 | $955,622 |
| Oct 21, 2026 | $971,052 |
| Oct 22, 2026 | $981,683 |
| Oct 23, 2026 | $955,699 |
| Oct 24, 2026 | $952,905 |
| Oct 25, 2026 | $949,669 |
| Oct 26, 2026 | $939,551 |
| Oct 27, 2026 | $939,390 |
| Oct 28, 2026 | $946,889 |
| Oct 29, 2026 | $950,908 |
| Oct 30, 2026 | $912,088 |
| Oct 31, 2026 | $914,974 |
| Nov 1, 2026 | $917,535 |
| Nov 2, 2026 | $923,794 |
| Nov 3, 2026 | $908,748 |
| Nov 4, 2026 | $918,964 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.61m |
| Jan 31, 2025 | $1.61m |
| Feb 28, 2025 | $1.3m |
| Mar 31, 2025 | $1.24m |
| Apr 30, 2025 | $1.31m |
| May 31, 2025 | $1.47m |
| Jun 30, 2025 | $1.48m |
| Jul 31, 2025 | $1.65m |
| Aug 31, 2025 | $1.65m |
| Sep 30, 2025 | $1.42m |
| Oct 31, 2025 | $1.33m |
| Nov 30, 2025 | $1.12m |
| Dec 31, 2025 | $1.1m |
| Jan 31, 2026 | $1.03m |
| Feb 28, 2026 | $828,615 |
| Mar 31, 2026 | $824,475 |
| Apr 30, 2026 | $902,034 |
| May 31, 2026 | $892,933 |
| Jun 30, 2026 | $746,764 |
| Jul 31, 2026 | $819,631 |
| Aug 31, 2026 | $958,371 |
| Sep 30, 2026 | $1m |
| Oct 31, 2026 | $914,974 |
| Nov 4, 2026 (latest) | $918,964 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $164.49m |
| Dec 31, 2022 | $10.67m |
| Dec 31, 2023 | $1.97m |
| Dec 31, 2024 | $1.61m |
| Dec 31, 2025 | $1.1m |
Fees, revenue and holders revenue by UTC calendar month, Oct 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2024 | $32 | $17 | $0 |
| Nov 2024 | $103 | $55 | $0 |
| Dec 2024 | $2 | $1 | $0 |
| Apr 2025 | $1 | $0 | $0 |
| May 2025 | $26 | $11 | $0 |
| Jun 2025 | $49 | $26 | $0 |
| Jul 2025 | $28 | $12 | $0 |
| Aug 2025 | $26 | $14 | $0 |
| Sep 2025 | $21 | $8 | $0 |
| Oct 2025 | $10 | $4 | $0 |
| Nov 2025 | $11 | $2 | $0 |
| Dec 2025 | $12 | $5 | $0 |
| Jan 2026 | $1 | $1 | $0 |
| Feb 2026 | $3 | $1 | $0 |
| Mar 2026 | $0 | $0 | $0 |
| Apr 2026 | $5 | $3 | $0 |
| May 2026 | $0.24 | $0.12 | $0 |
| Jun 2026 | $0.24 | $0.11 | $0 |
| Jul 2026 | $1.76 | $0.85 | $0 |
| Aug 2026 | $0.16 | $0.06 | $0 |
| Sep 2026 | $0.19 | $0.09 | $0 |
| Oct 2026 | $0.14 | $0.04 | $0 |
| Nov 2026 (to date) | $0.01 | $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/saddle-finance
Frequently asked questions
What is Saddle Finance's TVL?
As of Nov 4, 2026, Saddle Finance has $953,176 in total value locked. TVL has decreased 7.3% over the past 30 days.
What chains does Saddle Finance operate on?
Saddle Finance operates on 7 chains: Ethereum, Arbitrum, OP Mainnet, Aurora, and Fantom and 2 others. Ethereum holds the largest share at 98.4%.
How much has Saddle Finance generated in fees and revenue?
Over the past 30 days, Saddle Finance generated $0.15 in fees. Of that, $0.04 was protocol revenue. Based on the trailing year, the annualized rate is $29.74 in fees and $11.27 in revenue.
How much trading volume does Saddle Finance process?
Saddle Finance processed $409.06 in DEX volume over the past 30 days.
Has Saddle Finance ever been exploited?
Saddle Finance has 1 recorded security incident. The most recent incident occurred on Apr 30, 2022 and involved $11m. It was classified as Protocol Logic.