Total Value Locked$4,712
TVL by Chain
Ethereum$4,702
Polygon$10
Arbitrum$0
BSC$0
Base$0
Key Metrics
Fees 30d$0
Fees 30d by chain
Ethereum$0
Fees 7d$0
Ethereum$0
Fees 24h$0
Ethereum$0
Cumulative Fees$11,849
Ethereum$11,849
Revenue 30d$0
Revenue 30d by chain
Ethereum$0
Revenue 7d$0
Ethereum$0
Revenue 24h$0
Ethereum$0
Cumulative Revenue$18.36
Ethereum$18.36
Active Loans$0
Protocol Information
P2P Lending is a simple on-chain lending and borrowing protocol for ERC20 tokens on Ethereum. It uses a fixed-term loan model with upfront collateral to avoid liquidation risks. Borrowers create loan proposals directly on-chain, and lenders can choose to accept them—no off-chain signatures or processes are required, making the system fully decentralized
Part of SMARDEX Ecosystem
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Protocol fees are given by interests paid in credit Tokens by Borrowers to Lenders, cumulated with the amount of SDEX burned at Proposal creation.View code on GitHubRevenue: Protocol revenue is the total amount of SDEX burned at each new Proposal creation.View code on GitHubSMARDEX P2P Lending history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jul 14, 2025 to Nov 14, 2026.
All-time high TVL: $64,449 on Jun 17, 2026. All-time low TVL: $3,894 on Jun 7, 2026.
Daily TVL, Oct 16, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| Oct 16, 2026 | $6,091 |
| Oct 17, 2026 | $6,065 |
| Oct 18, 2026 | $6,012 |
| Oct 19, 2026 | $6,085 |
| Oct 20, 2026 | $5,983 |
| Oct 21, 2026 | $6,132 |
| Oct 22, 2026 | $6,161 |
| Oct 23, 2026 | $5,982 |
| Oct 24, 2026 | $5,981 |
| Oct 25, 2026 | $5,909 |
| Oct 26, 2026 | $5,845 |
| Oct 27, 2026 | $5,812 |
| Oct 28, 2026 | $5,881 |
| Oct 29, 2026 | $5,791 |
| Oct 30, 2026 | $5,571 |
| Oct 31, 2026 | $5,636 |
| Nov 1, 2026 | $5,697 |
| Nov 2, 2026 | $5,708 |
| Nov 3, 2026 | $5,655 |
| Nov 4, 2026 | $5,702 |
| Nov 5, 2026 | $6,091 |
| Nov 6, 2026 | $5,606 |
| Nov 7, 2026 | $5,642 |
| Nov 8, 2026 | $5,621 |
| Nov 9, 2026 | $5,386 |
| Nov 10, 2026 | $5,320 |
| Nov 11, 2026 | $5,164 |
| Nov 12, 2026 | $5,184 |
| Nov 13, 2026 | $4,914 |
| Nov 14, 2026 | $4,852 |
TVL at each month end, Jul 2025 to Nov 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $9,195 |
| Aug 31, 2025 | $10,579 |
| Sep 30, 2025 | $10,255 |
| Oct 31, 2025 | $9,328 |
| Nov 30, 2025 | $7,311 |
| Dec 31, 2025 | $7,286 |
| Jan 31, 2026 | $6,671 |
| Feb 28, 2026 | $4,773 |
| Mar 31, 2026 | $5,148 |
| Apr 30, 2026 | $7,544 |
| May 31, 2026 | $5,055 |
| Jun 30, 2026 | $4,032 |
| Jul 23, 2026 | $4,833 |
| Aug 29, 2026 | $6,112 |
| Sep 30, 2026 | $6,685 |
| Oct 31, 2026 | $5,636 |
| Nov 14, 2026 (latest) | $4,852 |
Fees and revenue by UTC calendar month, May 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2025 | $122 | $4 |
| Jun 2025 | $5 | $4 |
| Jul 2025 | $1,118 | $0 |
| Aug 2025 | $442 | $0 |
| Sep 2025 | $405 | $0 |
| Oct 2025 | $2,188 | $0 |
| Nov 2025 | $0 | $0 |
| Dec 2025 | $7,214 | $10 |
| Jan 2026 | $355 | $0 |
| Feb 2026 | $0 | $0 |
| Mar 2026 | $0 | $0 |
| Apr 2026 | $0 | $0 |
| May 2026 | $0.24 | $0.24 |
| Jun 2026 | $0.12 | $0.12 |
| Jul 2026 | $0 | $0 |
| Aug 2026 | $0 | $0 |
| Sep 2026 | $0 | $0 |
| Oct 2026 | $0 | $0 |
| Nov 2026 (to date) | $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/smardex-p2p-lending
Frequently asked questions
What is SMARDEX P2P Lending's TVL?
As of Nov 14, 2026, SMARDEX P2P Lending has $4,712 in total value locked. TVL has decreased 22.2% over the past 30 days.
What chains does SMARDEX P2P Lending operate on?
SMARDEX P2P Lending operates on 5 chains: Ethereum, Polygon, Arbitrum, BSC, and Base. Ethereum holds the largest share at 99.8%.
How much has SMARDEX P2P Lending generated in fees and revenue?
Over the past 30 days, SMARDEX P2P Lending generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $7,569 in fees and $10.36 in revenue.
How does SMARDEX P2P Lending's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, SMARDEX P2P Lending ranks #332 by TVL. The category holds $45.549b across 520 protocols, and SMARDEX P2P Lending accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Unitus, Folks Finance xChain, OmniBTC, Teller, Tarot, CREAM Lending, Ajna V2, and PWN.
How much has been borrowed through SMARDEX P2P Lending?
As of Nov 14, 2026, SMARDEX P2P Lending has $0 in active loans.