Ask about SpikoTotal Value Locked$2.206b
TVL by Chain
Stellar$1.307b
Arbitrum$489.77m
Ethereum$186.48m
Polygon$147.22m
Base$36.17m
Starknet$34.38m
Etherlink$4.87m
Key Metrics
Fees (Annualized)$5.34m
Fees 30d$1.85m
Stellar$932,234
Arbitrum$533,616
Ethereum$173,885
Polygon$122,797
Starknet$36,399
Base$34,074
Etherlink$12,126
Fees 7d$487,382
Stellar$330,726
Arbitrum$59,300
Ethereum$50,449
Polygon$32,824
Base$8,496
Starknet$5,340
Etherlink$247
Fees 24h$15,042
Stellar$8,938
Arbitrum$3,350
Ethereum$1,257
Polygon$984
Base$247
Starknet$233
Etherlink$33
Cumulative Fees$8.92m
Polygon$6.28m
Ethereum$1.08m
Stellar$944,851
Arbitrum$539,521
Starknet$36,782
Base$34,482
Etherlink$12,217
Revenue (Annualized)$736,746
Revenue 30d$275,880
Stellar$136,617
Arbitrum$90,411
Ethereum$19,561
Polygon$17,557
Base$5,173
Starknet$4,971
Etherlink$1,590
Revenue 7d$93,082
Stellar$52,601
Arbitrum$23,817
Ethereum$7,334
Polygon$5,930
Base$1,674
Starknet$1,483
Etherlink$243
Revenue 24h$15,042
Stellar$8,938
Arbitrum$3,350
Ethereum$1,257
Polygon$984
Base$247
Starknet$233
Etherlink$33
Cumulative Revenue$1.08m
Polygon$580,838
Ethereum$242,029
Stellar$149,234
Arbitrum$96,316
Base$5,581
Starknet$5,354
Etherlink$1,681
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 $2.206b in total value locked. TVL has increased 95.6% over the past 30 days.
What chains does Spiko operate on?
Spiko operates on 7 chains: Etherlink, Base, Ethereum, Arbitrum, and Starknet and 2 others. Stellar holds the largest share at 59.3%.
How much has Spiko generated in fees and revenue?
Over the past 30 days, Spiko generated $1.85m in fees. Of that, $275,880 was protocol revenue. Based on the trailing year, the annualized rate is $5.34m in fees and $736,746 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 $26.516b across 132 protocols, and Spiko accounts for 8.3% of that total. Other leading protocols include Securitize, Ondo Finance, and Circle.
