Ask about Spiko · freeRWA AUM$2.727b
Key Metrics
Fees 30d$10.45m
Fees 30d by chain
Stellar$5.62m
Arbitrum$2.46m
Ethereum$1.33m
Polygon$720,797
Base$178,775
Starknet$109,875
Etherlink$40,065
Fees 7d$6.81m
Stellar$2.91m
Arbitrum$2.08m
Ethereum$1.01m
Polygon$520,350
Base$139,462
Starknet$107,229
Etherlink$39,302
Fees 24h$285,995
Stellar$175,042
Ethereum$42,863
Arbitrum$40,434
Polygon$18,838
Base$3,857
Starknet$3,760
Etherlink$1,201
Cumulative Fees$26.19m
Stellar$11.48m
Polygon$7.43m
Arbitrum$3.66m
Ethereum$3.07m
Base$299,465
Starknet$189,059
Etherlink$55,285
Revenue 30d$554,677
Revenue 30d by chain
Stellar$358,335
Arbitrum$101,241
Ethereum$49,721
Polygon$33,959
Base$8,047
Starknet$2,384
Etherlink$990
Revenue 7d$133,926
Stellar$88,711
Arbitrum$22,938
Ethereum$11,720
Polygon$7,941
Base$1,827
Starknet$558
Etherlink$231
Revenue 24h$18,562
Stellar$12,809
Arbitrum$2,570
Ethereum$1,675
Polygon$1,134
Base$261
Starknet$80
Etherlink$33
Cumulative Revenue$2.54m
Stellar$1.07m
Polygon$675,619
Arbitrum$371,500
Ethereum$370,374
Base$27,794
Starknet$16,999
Etherlink$4,479
Total Raised$112m
Jul 17, 2025$22mRound: Series AInvestors: Index Ventures, Blockwall Management, White Star Capital, BPI France, Frst, Rerail
Oct 6, 2026$90mRound: Series BInvestors: New Enterprise Associates, Index Ventures, BPI France, Speedinvest, Flourish Ventures, Shapers, White Star Capital, BlockWall Digital, Mirana Ventures, Wintermute Ventures, Axel Weber, EQNX, Frst
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
Spiko history
Fees and revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2024 | $345,686 | $23,655 |
| Dec 2024 | $384,033 | $27,100 |
| Jan 2025 | $327,449 | $29,689 |
| Feb 2025 | $244,491 | $26,148 |
| Mar 2025 | $267,252 | $31,957 |
| Apr 2025 | $306,733 | $34,624 |
| May 2025 | $298,199 | $37,014 |
| Jun 2025 | $306,353 | $38,218 |
| Jul 2025 | $332,390 | $40,056 |
| Aug 2025 | $342,687 | $42,147 |
| Sep 2025 | $382,202 | $44,076 |
| Oct 2025 | $385,687 | $44,398 |
| Nov 2025 | $319,941 | $43,086 |
| Dec 2025 | $331,770 | $42,088 |
| Jan 2026 | $341,689 | $44,455 |
| Feb 2026 | $379,605 | $46,201 |
| Mar 2026 | $330,047 | $46,678 |
| Apr 2026 | $246,055 | $33,859 |
| May 2026 | $207,047 | $34,729 |
| Jun 2026 | $263,520 | $56,991 |
| Jul 2026 | $2.32m | $314,311 |
| Aug 2026 | $3.34m | $508,530 |
| Sep 2026 | $4.25m | $530,579 |
| Oct 2026 (to date) | $9.12m | $373,088 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/spiko
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 $10.45m in fees. Of that, $554,677 was protocol revenue. Based on the trailing year, the annualized rate is $21.32m in fees and $2.07m in revenue.
How does Spiko's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Spiko ranks #126 by TVL. The category holds $4.032b across 173 protocols, and Spiko accounts for 0% of that total. Other leading protocols include Tangible RWA, Mountain Protocol, Boson Protocol, Sweep, Re, Brickken, Theo Network thBill, Solv Vesting, Tokeshare, and Florence Finance.