Ask about Sierra Protocol · freeTotal Value Locked$35.09m
TVL by Chain
Ethereum$22.58m
Avalanche$6.46m
Plume Mainnet$6.05m
Key Metrics
Fees 30d$91,086
Fees 30d by chain
Ethereum$85,924
Avalanche$5,162
Fees 7d$49,708
Ethereum$48,499
Avalanche$1,209
Fees 24h$6,860
Ethereum$6,690
Avalanche$170
Cumulative Fees$676,707
Avalanche$614,172
Ethereum$85,924
Revenue 30d$0
Revenue 30d by chain
Avalanche$0
Ethereum$0
Revenue 7d$0
Avalanche$0
Ethereum$0
Revenue 24h$0
Avalanche$0
Ethereum$0
Cumulative Revenue$0
Avalanche$0
Ethereum$0
Market Cap$0
$SIERRA Price$1.04
Fully Diluted Valuation$71.13m
$SIERRA Volume 24h$17
CEX Volume$0
DEX Volume$238.43(1,402.53% of total)
Methodology
TVL: TVL includes USDC held in the reserve wallets and assets staked in OpenTrade vaults backing SIERRA tokens, summed across all supported chains.View code on GitHubFees: Total yield distributed to SIERRA and SPLUS holders, measured as total supply × change in exchange rate.View code on GitHubRevenue: Sierra Protocol does not currently retain any protocol revenue, all yield passes through to holders.View code on GitHubSierra Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 3, 2026 to Nov 13, 2026.
All-time high TVL: $48.31m on Aug 6, 2026. All-time low TVL: $3.74m on Feb 11, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $43.86m |
| Oct 16, 2026 | $43.78m |
| Oct 17, 2026 | $43.81m |
| Oct 18, 2026 | $43.81m |
| Oct 19, 2026 | $43.81m |
| Oct 20, 2026 | $44.86m |
| Oct 21, 2026 | $44.86m |
| Oct 22, 2026 | $44.86m |
| Oct 23, 2026 | $43.67m |
| Oct 24, 2026 | $43.64m |
| Oct 25, 2026 | $43.64m |
| Oct 26, 2026 | $43.65m |
| Oct 27, 2026 | $43.65m |
| Oct 28, 2026 | $43.56m |
| Oct 29, 2026 | $43.57m |
| Oct 30, 2026 | $39.66m |
| Oct 31, 2026 | $39.52m |
| Nov 1, 2026 | $39.53m |
| Nov 2, 2026 | $39.53m |
| Nov 3, 2026 | $39.48m |
| Nov 4, 2026 | $37.29m |
| Nov 5, 2026 | $37.26m |
| Nov 6, 2026 | $36.62m |
| Nov 7, 2026 | $36.71m |
| Nov 8, 2026 | $36.71m |
| Nov 9, 2026 | $36.71m |
| Nov 10, 2026 | $36.19m |
| Nov 11, 2026 | $36.21m |
| Nov 12, 2026 | $35.84m |
| Nov 13, 2026 | $35.1m |
TVL at each month end, Feb 2026 to Nov 2026
| Date | TVL |
|---|---|
| Feb 28, 2026 | $3.84m |
| Mar 31, 2026 | $20.75m |
| Apr 30, 2026 | $28.31m |
| May 31, 2026 | $34.19m |
| Jun 30, 2026 | $40.23m |
| Jul 31, 2026 | $37.74m |
| Aug 31, 2026 | $45.08m |
| Sep 30, 2026 | $44.9m |
| Oct 31, 2026 | $39.52m |
| Nov 13, 2026 (latest) | $35.1m |
Fees and revenue by UTC calendar month, Oct 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Oct 2025 | -$8.29 | $0 |
| Nov 2025 | $1,737 | $0 |
| Dec 2025 | $4,242 | $0 |
| Jan 2026 | $8,156 | $0 |
| Feb 2026 | $11,213 | $0 |
| Mar 2026 | $34,112 | $0 |
| Apr 2026 | $70,999 | $0 |
| May 2026 | $102,504 | $0 |
| Jun 2026 | $106,726 | $0 |
| Jul 2026 | $144,362 | $0 |
| Aug 2026 | $96,178 | $0 |
| Sep 2026 | $3,201 | $0 |
| Oct 2026 | $5,410 | $0 |
| Nov 2026 (to date) | $94,734 | $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/sierra-protocol
Frequently asked questions
What is Sierra Protocol's TVL?
As of Nov 13, 2026, Sierra Protocol has $35.09m in total value locked. TVL has decreased 20% over the past 30 days.
What chains does Sierra Protocol operate on?
Sierra Protocol operates on 3 chains: Ethereum, Avalanche, and Plume Mainnet. Ethereum holds the largest share at 64.3%.
How much has Sierra Protocol generated in fees and revenue?
Over the past 30 days, Sierra Protocol generated $91,086 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $676,703 in fees.
What is the SIERRA token price and valuation?
SIERRA is currently trading at $1.04. Its circulating market capitalization is $0, ranking it #19,159. Its fully diluted valuation is $71.13m. Supply currently stands at 0 circulating, 68.56m total supply.
How has SIERRA performed recently?
SIERRA is down 0.1% over the past 7 days and down <0.1% over the past 30 days. Its all-time high is $1.20, reached on Nov 13, 2025. The token is currently 13.6% below that level.
How does Sierra Protocol's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Sierra Protocol ranks #17 by TVL. The category holds $3.998b across 580 protocols, and Sierra Protocol accounts for 0.9% of that total. Similar protocols include Spark Savings, Pendle V2, Stake DAO Yield, Spectra V2, Aura, Royco V2, Sushi BentoBox, Gro, TermFinance Vaults, and Royco V1.