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Spiko
RWA AUM$2.653b
Key Metrics
Fees 30d$4.2m
Fees 30d by chain
Stellar$3.09m
Arbitrum$418,951
Ethereum$390,864
Polygon$250,708
Base$48,834
Starknet$7,888
Etherlink$1,012
Fees 7d$1.12m
Stellar$822,806
Arbitrum$117,921
Ethereum$101,463
Polygon$64,467
Base$12,546
Starknet$808
Etherlink$232
Fees 24h$160,012
Stellar$117,955
Arbitrum$16,545
Ethereum$14,500
Polygon$9,129
Base$1,735
Starknet$115
Etherlink$33
Cumulative Fees$17.06m
Stellar$6.87m
Polygon$6.78m
Ethereum$1.85m
Arbitrum$1.34m
Base$135,112
Starknet$76,698
Etherlink$14,385
Revenue 30d$529,564
Revenue 30d by chain
Stellar$333,719
Arbitrum$101,221
Ethereum$48,639
Polygon$34,427
Base$8,051
Starknet$2,506
Etherlink$1,001
Revenue 7d$127,841
Stellar$80,728
Arbitrum$24,768
Ethereum$11,584
Polygon$8,066
Base$1,911
Starknet$553
Etherlink$231
Revenue 24h$18,023
Stellar$11,475
Arbitrum$3,419
Ethereum$1,614
Polygon$1,135
Base$268
Starknet$79
Etherlink$33
Cumulative Revenue$2.17m
Stellar$827,537
Polygon$653,185
Ethereum$337,012
Arbitrum$306,821
Base$22,497
Starknet$15,413
Etherlink$3,819
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
Sub Category: Treasury Bills
Audits:
Methodology
Fees: 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 chains does Spiko operate on?
Spiko operates on 7 chains: Polygon, Ethereum, Arbitrum, Base, and Starknet and 2 others.
How much has Spiko generated in fees and revenue?
Over the past 30 days, Spiko generated $4.2m in fees. Of that, $529,564 was protocol revenue. Based on the trailing year, the annualized rate is $12.57m in fees and $1.73m in revenue.
How does Spiko's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Spiko ranks #132 by TVL. The category holds $4.583b across 172 protocols, and Spiko accounts for 0% of that total. Other leading protocols include Tangible RWA, Mountain Protocol, Boson Protocol, Sweep, Re, Brickken, GAIB, Theo Network thBill, Anzen V2, and Solv Vesting.