Total Value Locked$12.57m
TVL by Chain
Flare$7.04m
Sonic$2.72m
Stellar$762,858
Ethereum$641,361
Base$563,216
Katana$506,998
Avalanche$263,467
BSC$25,007
Hyperliquid L1$20,042
Hemi$11,315
OP Mainnet$9,570
Arbitrum$359.10
Monad$148.11
Key Metrics
Fees 30d$1,842
Fees 30d by chain
Avalanche$1,170
Flare$575.30
Base$79.10
Katana$10.82
Ethereum$6.72
BSC$0.02
Sonic$0.02
OP Mainnet$0.01
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
Fees 7d$350.98
Flare$304.62
Avalanche$33.28
Base$8.59
Katana$4.06
Ethereum$0.07
Sonic$0.02
BSC$0.01
OP Mainnet$0.01
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
Fees 24h$26.88
Avalanche$16
Flare$10.71
Katana$0.17
Arbitrum$0
Base$0
BSC$0
Ethereum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Sonic$0
Cumulative Fees$1.41m
Ethereum$870,034
Base$281,498
Hyperliquid L1$75,566
Sonic$55,814
Flare$43,513
Arbitrum$25,983
Katana$22,214
Avalanche$14,141
Hemi$11,913
BSC$4,300
OP Mainnet$130.22
Monad$113.76
Revenue 30d$1,103
Revenue 30d by chain
Avalanche$701.52
Flare$344.94
Base$47.05
Katana$6.49
Ethereum$4.03
BSC$0.01
Sonic$0.01
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Revenue 7d$210.02
Flare$183.01
Avalanche$19.55
Base$5.16
Katana$2.43
Ethereum$0.04
BSC$0.01
Sonic$0.01
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Revenue 24h$16.29
Avalanche$9.76
Flare$6.42
Katana$0.10
Arbitrum$0
Base$0
BSC$0
Ethereum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Sonic$0
Cumulative Revenue$1.2m
Ethereum$733,734
Base$273,402
Hyperliquid L1$56,833
Sonic$49,077
Flare$26,115
Arbitrum$24,745
Katana$16,257
Avalanche$8,932
Hemi$8,614
BSC$3,045
OP Mainnet$93.77
Monad$67.23
Holders Revenue 30d$1,103
Holders Revenue 30d by chain
Avalanche$701.52
Flare$344.94
Base$47.05
Katana$6.49
Ethereum$4.03
BSC$0.01
Sonic$0.01
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Holders Revenue 7d$210.02
Flare$183.01
Avalanche$19.55
Base$5.16
Katana$2.43
Ethereum$0.04
BSC$0.01
Sonic$0.01
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Holders Revenue 24h$16.29
Avalanche$9.76
Flare$6.42
Katana$0.10
Arbitrum$0
Base$0
BSC$0
Ethereum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Sonic$0
Cumulative Holders Revenue$1.2m
Ethereum$733,734
Base$273,402
Hyperliquid L1$56,833
Sonic$49,077
Flare$26,115
Arbitrum$24,745
Katana$16,257
Avalanche$8,932
Hemi$8,614
BSC$3,045
OP Mainnet$93.77
Monad$67.23
DEX Volume 30d$6.79m
DEX Volume 30d by chain
Flare$5.77m
Base$741,696
Avalanche$234,825
Ethereum$29,428
Katana$10,395
OP Mainnet$78
Sonic$37
BSC$2.02
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
DEX Volume 7d$3.61m
Flare$3.54m
Base$35,765
Avalanche$31,385
Katana$4,029
Ethereum$178.42
OP Mainnet$78
Sonic$23
BSC$0.82
Arbitrum$0
Hemi$0
Hyperliquid L1$0
Monad$0
DEX Volume 24h$63,068
Flare$59,080
Avalanche$3,588
Katana$400
Arbitrum$0
Base$0
BSC$0
Ethereum$0
Hemi$0
Hyperliquid L1$0
Monad$0
OP Mainnet$0
Sonic$0
Cumulative DEX Volume$866.36m
Ethereum$453.4m
Flare$117.05m
Hyperliquid L1$92.95m
Avalanche$59.7m
Base$55.95m
Katana$34.98m
Sonic$19.7m
Hemi$17.63m
BSC$9.53m
Arbitrum$4.78m
OP Mainnet$399,056
Monad$301,376
Staked$725,274
Methodology
TVL: All deposited underlying in Spectra Principal Tokens and all underlying supplied as liquidity in Spectra Markets. On Stellar, sum each registered Principal Token's total_assets in its declared underlying asset. This measures the contracts' underlying-denominated collateral value; non-custodial orders and PT/YT supplies are not added separately.View code on GitHubFees: Yield trading fees paid by users plus voting fees and voting incentives distributed through Spectra governance.View code on GitHubRevenue: Yield trading fees, voting fees, and voting incentives distributed to veSPECTRA holders.View code on GitHubHolders Revenue: Yield trading fees, voting fees, and voting incentives distributed to veSPECTRA holders.View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubYields
Pools Tracked18
Average Supply APY7.28%
Competitors
Spectra V2 history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from May 28, 2024 to Nov 10, 2026.
All-time high TVL: $266.76m on Feb 20, 2025. All-time low TVL: $2,340 on May 28, 2024.
Daily TVL, Oct 11, 2026 to Nov 10, 2026
| Date | TVL |
|---|---|
| Oct 11, 2026 | $24.46m |
| Oct 12, 2026 | $24.97m |
| Oct 13, 2026 | $10.65m |
| Oct 14, 2026 | $10.51m |
| Oct 15, 2026 | $10.17m |
| Oct 16, 2026 | $10.02m |
| Oct 17, 2026 | $9.86m |
| Oct 18, 2026 | $9.81m |
| Oct 19, 2026 | $9.87m |
| Oct 20, 2026 | $9.77m |
| Oct 21, 2026 | $10m |
| Oct 22, 2026 | $10.06m |
| Oct 23, 2026 | $10.02m |
| Oct 24, 2026 | $9.95m |
| Oct 25, 2026 | $9.99m |
| Oct 26, 2026 | $9.91m |
| Oct 27, 2026 | $10.28m |
| Oct 28, 2026 | $10.34m |
| Oct 29, 2026 | $10.15m |
| Oct 30, 2026 | $9.86m |
| Oct 31, 2026 | $9.94m |
| Nov 1, 2026 | $10m |
| Nov 2, 2026 | $9.91m |
| Nov 3, 2026 | $9.87m |
| Nov 4, 2026 | $10.4m |
| Nov 5, 2026 | $10.51m |
| Nov 6, 2026 | $10.74m |
| Nov 7, 2026 | $10.6m |
| Nov 8, 2026 | $12.94m |
| Nov 10, 2026 | $12.65m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $158.43m |
| Jan 31, 2025 | $247.98m |
| Feb 28, 2025 | $202.31m |
| Mar 31, 2025 | $157.32m |
| Apr 30, 2025 | $125.55m |
| May 31, 2025 | $129.22m |
| Jun 30, 2025 | $113.65m |
| Jul 31, 2025 | $83.54m |
| Aug 31, 2025 | $92.54m |
| Sep 30, 2025 | $71.52m |
| Oct 31, 2025 | $60.02m |
| Nov 30, 2025 | $42.38m |
| Dec 31, 2025 | $38.88m |
| Jan 31, 2026 | $42.56m |
| Feb 28, 2026 | $32.15m |
| Mar 31, 2026 | $42.8m |
| Apr 30, 2026 | $44.52m |
| May 31, 2026 | $43.87m |
| Jun 30, 2026 | $30.56m |
| Jul 31, 2026 | $32.22m |
| Aug 31, 2026 | $30.6m |
| Sep 30, 2026 | $19.57m |
| Oct 31, 2026 | $9.94m |
| Nov 10, 2026 (latest) | $12.65m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $158.43m |
| Dec 31, 2025 | $38.88m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $164,253 | $118,217 | $118,217 |
| Jan 2025 | $251,434 | $216,806 | $216,806 |
| Feb 2025 | $223,617 | $206,668 | $206,668 |
| Mar 2025 | $115,877 | $105,769 | $105,769 |
| Apr 2025 | $97,719 | $84,226 | $84,226 |
| May 2025 | $71,119 | $62,170 | $62,170 |
| Jun 2025 | $81,244 | $72,258 | $72,258 |
| Jul 2025 | $70,062 | $60,244 | $60,244 |
| Aug 2025 | $101,971 | $86,513 | $86,513 |
| Sep 2025 | $46,872 | $42,931 | $42,931 |
| Oct 2025 | $35,185 | $30,866 | $30,866 |
| Nov 2025 | $20,745 | $18,916 | $18,916 |
| Dec 2025 | $21,553 | $18,155 | $18,155 |
| Jan 2026 | $24,622 | $19,654 | $19,654 |
| Feb 2026 | $17,305 | $13,951 | $13,951 |
| Mar 2026 | $15,352 | $11,986 | $11,986 |
| Apr 2026 | $13,880 | $10,133 | $10,133 |
| May 2026 | $7,869 | $6,085 | $6,085 |
| Jun 2026 | $5,651 | $4,033 | $4,033 |
| Jul 2026 | $3,252 | $1,952 | $1,952 |
| Aug 2026 | $1,399 | $839.90 | $839.90 |
| Sep 2026 | $3,089 | $1,855 | $1,855 |
| Oct 2026 | $5,693 | $3,414 | $3,414 |
| Nov 2026 (to date) | $496.17 | $297.29 | $297.29 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/spectra-v2
Frequently asked questions
What is Spectra V2's TVL?
As of Nov 10, 2026, Spectra V2 has $12.57m in total value locked. TVL has decreased 48.6% over the past 30 days.
What chains does Spectra V2 operate on?
Spectra V2 operates on 13 chains: Flare, Sonic, Stellar, Ethereum, and Base and 8 others. Flare holds the largest share at 56%.
How much has Spectra V2 generated in fees and revenue?
Over the past 30 days, Spectra V2 generated $1,842 in fees. Of that, $1,103 was protocol revenue. Based on the trailing year, the annualized rate is $133,224 in fees and $104,385 in revenue.
How does Spectra V2's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Spectra V2 ranks #24 by TVL. The category holds $4.079b across 578 protocols, and Spectra V2 accounts for 0.3% of that total. Similar protocols include Pendle V2, Napier, Equilibria, Penpie, Stake DAO Yield, Saffron Vaults, VaultCraft, Spark Savings, AUTOfinance, and Aura.
How much trading volume does Spectra V2 process?
Spectra V2 processed $6.79m in DEX volume over the past 30 days.