Logo of Snake FinanceSnake Finance(SNAKE)
Total Value Locked$14.61

TVL by Chain

Sonic$14.61

Key Metrics

Fees 30d$856.74
Fees 30d by chain

Sonic$856.74

Fees 7d$238.12

Sonic$238.12

Fees 24h$236

Sonic$236

Cumulative Fees$5.62m

Sonic$5.62m

Revenue 30d$856.74
Revenue 30d by chain

Sonic$856.74

Revenue 7d$238.12

Sonic$238.12

Revenue 24h$236

Sonic$236

Cumulative Revenue$18,373.8

Sonic$18,373.8

Holders Revenue 30d$0
Holders Revenue 30d by chain

Sonic$0

Holders Revenue 7d$0

Sonic$0

Holders Revenue 24h$0

Sonic$0

Cumulative Holders Revenue$0

Sonic$0

Staked$14,512.13

Protocol Information

Snake Finance, an Algorithmic Stablecoin where 1 $SNAKE is equivalent to 1 $S. Algorithmic stablecoins are non-collateralized tokens designed to follow the price of their pegged asset, offering greater capital efficiency than traditional collateralized stablecoins

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Category:Algo-Stables

Methodology

TVL: Pool2 deposits consist of SNAKE/S and GSNAKE/S LP tokens deposits while the staking TVL consists of the GSNAKEs tokens locked within the Masonry contract(0x5A5d34826ab31003F26F8A15e9B645803d85eA81).View code on GitHubFees: Total fees paid by users.View code on GitHubRevenue: All fees are collected by the Snake Finance protocol addresses.View code on GitHubHolders Revenue: View code on GitHub

Competitors

MatrixAI ($0.067)Frax ($38.61m)Mento V2 ($11.95m)Sigmausd ($415,707.33)Ostable ($313,134.46)SPOT Cash ($222,303.84)Basis Cash ($205,681.89)Dopple Finance ($163,717.9)Frax FPI ($94,408.22)USE ($73,107.66)

Frequently Asked Questions

What is Snake Finance's TVL?

Snake Finance currently has $14.61 in total value locked. TVL has increased 21.8% over the past 30 days.

What chains does Snake Finance operate on?

Snake Finance operates on Sonic. Sonic holds the largest share at 100%.

How much has Snake Finance generated in fees and revenue?

Over the past 30 days, Snake Finance generated $856.74 in fees. Of that, $856.74 was protocol revenue. Based on the trailing year, the annualized rate is $347,233.68 in fees and $64,274.73 in revenue.

How does Snake Finance's TVL compare to similar protocols?

Among Algo-Stables protocols tracked by DefiLlama, Snake Finance ranks #37 by TVL. The category holds $52.36m across 102 protocols, and Snake Finance accounts for <0.1% of that total. Other leading protocols include MatrixAI, Frax, Mento V2, Sigmausd, Ostable, SPOT Cash, Basis Cash, Dopple Finance, Frax FPI, and USE.