Ask about SpikoTotal Value Locked$2.265b
TVL by Chain
Stellar$1.317b
Arbitrum$531.24m
Ethereum$186.44m
Polygon$148.88m
Base$41.66m
Starknet$34.6m
Etherlink$4.87m
Key Metrics
Fees (Annualized)$5.24m
Fees 30d$1.76m
Stellar$871,376
Arbitrum$525,707
Ethereum$164,540
Polygon$116,997
Starknet$35,556
Base$32,901
Etherlink$12,150
Fees 7d$402,032
Stellar$270,013
Arbitrum$51,835
Ethereum$41,116
Polygon$26,981
Base$7,311
Starknet$4,504
Etherlink$272
Fees 24h$15,448
Stellar$9,007
Arbitrum$3,635
Ethereum$1,257
Polygon$996
Base$285
Starknet$235
Etherlink$33
Cumulative Fees$8.83m
Polygon$6.27m
Ethereum$1.07m
Stellar$880,383
Arbitrum$529,342
Starknet$35,791
Base$33,186
Etherlink$12,183
Revenue (Annualized)$722,937
Revenue 30d$268,458
Stellar$131,364
Arbitrum$89,576
Ethereum$18,832
Polygon$17,099
Base$5,083
Starknet$4,889
Etherlink$1,615
Revenue 7d$86,214
Stellar$47,493
Arbitrum$23,426
Ethereum$6,617
Polygon$5,429
Base$1,572
Starknet$1,408
Etherlink$269
Revenue 24h$15,448
Stellar$9,007
Arbitrum$3,635
Ethereum$1,257
Polygon$996
Base$285
Starknet$235
Etherlink$33
Cumulative Revenue$1.07m
Polygon$579,863
Ethereum$240,773
Stellar$140,371
Arbitrum$93,211
Base$5,368
Starknet$5,124
Etherlink$1,648
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
Category:RWA
Sub Category: Treasury Bills
Audits:
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/UKTBL/SPKCC/eurSPKCC and the SAFO Amundi Overnight Swap funds) 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/UKTBL), 0.10%/yr for the Cash & Carry funds (SPKCC/eurSPKCC), and 0.25%/yr for the Amundi Overnight Swap funds (SAFO/eurSAFO/gbpSAFO/chfSAFO). 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 GitHubCompetitors
Frequently Asked Questions
What is Spiko?
Spiko USTBL / EUTBL are Tokenized Money Market Funds regulated by the French Financial Markets Authority that invest in US T-Bills / Eurozone T-Bills
What is Spiko's TVL?
Spiko currently has $2.265b in total value locked. TVL has increased 100.8% over the past 30 days.
What chains does Spiko operate on?
Spiko operates on 7 chains: Base, Ethereum, Polygon, Arbitrum, and Etherlink and 2 others. Stellar holds the largest share at 58.2%.
How much has Spiko generated in fees and revenue?
Over the past 30 days, Spiko generated $1.76m in fees. Of that, $268,458 was protocol revenue. Based on the trailing year, the annualized rate is $5.24m in fees and $722,937 in revenue.
How does Spiko's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Spiko ranks #5 by TVL. The category holds $26.66b across 132 protocols, and Spiko accounts for 8.5% of that total. Other leading protocols include Securitize, Ondo Finance, and Circle.
