Ask about Spiko
Logo of SpikoSpiko
Total Value Locked$1.198b

TVL by Chain

Stellar$548.77m

Arbitrum$436.06m

Ethereum$81.02m

Polygon$80.12m

Starknet$21.9m

Base$21.44m

Etherlink$8.52m

Key Metrics

Fees (Annualized)$4.31m
Fees 30d$725,821

Stellar$265,707

Arbitrum$205,802

Polygon$157,473

Ethereum$65,460

Starknet$14,159

Base$11,764

Etherlink$5,456

Fees 7d$576,709

Stellar$254,615

Arbitrum$198,186

Ethereum$54,313

Polygon$39,330

Starknet$13,699

Base$11,284

Etherlink$5,282

Fees 24h$134,877

Stellar$52,332

Arbitrum$38,014

Ethereum$24,752

Polygon$10,256

Starknet$5,188

Base$2,338

Etherlink$1,997

Cumulative Fees$7.79m

Polygon$6.2m

Ethereum$985,585

Stellar$318,039

Arbitrum$243,816

Starknet$19,347

Base$14,102

Etherlink$7,453

Revenue (Annualized)$558,058
Revenue 30d$97,712

Stellar$36,101

Arbitrum$27,423

Polygon$15,808

Ethereum$14,729

Base$1,569

Starknet$1,500

Etherlink$582

Revenue 7d$54,645

Stellar$25,017

Arbitrum$19,812

Ethereum$3,643

Polygon$3,629

Base$1,089

Starknet$1,047

Etherlink$408

Revenue 24h$8,133

Stellar$3,749

Arbitrum$2,982

Ethereum$536

Polygon$515

Starknet$147

Base$146

Etherlink$58

Cumulative Revenue$868,193

Polygon$567,494

Ethereum$226,442

Stellar$39,850

Arbitrum$30,405

Base$1,715

Starknet$1,647

Etherlink$640

Total Raised$22m

Jul 17, 2025$22mRound: Series AInvestors: Index Ventures, Blockwall Management, White Star Capital, BPI France, Frst, Rerail

Protocol Information

Spiko USTBL / EUTBL are Tokenized Money Market Funds regulated by the French Financial Markets Authority that invest in US T-Bills / Eurozone T-Bills

CategoryRWA

Sub Category: Treasury Bills

Audits:

WebsiteGitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Net NAV growth from Spiko funds (USTBL/EUTBL/SPKCC/eurSPKCC) distributed to holders, plus Spiko's annual management fee. The published NAV is already net of fees, so the management fee is added on top to reconstruct gross fees.View code on GitHubRevenue: Spiko management fees on assets under management: 0.25%/yr for the T-bill funds (USTBL/EUTBL) and 0.10%/yr for the Cash & Carry funds (SPKCC/eurSPKCC). The Cash & Carry funds also charge a 25% performance fee above the risk-free rate (SOFR) that is not captured, since only the net NAV is published on-chain.View code on GitHub

Competitors

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