Ask about SpikoTotal Value Locked$2.26b
TVL by Chain
Stellar$1.314b
Arbitrum$530.06m
Ethereum$186.22m
Polygon$148.55m
Base$41.56m
Starknet$34.54m
Etherlink$4.87m
Key Metrics
Fees (Annualized)$5.23m
Fees 30d$1.76m
Stellar$862,372
Arbitrum$522,073
Ethereum$163,763
Polygon$128,394
Starknet$35,321
Base$32,616
Etherlink$12,117
Fees 7d$394,543
Stellar$264,601
Arbitrum$51,170
Ethereum$40,397
Polygon$26,476
Base$7,175
Starknet$4,426
Etherlink$298
Fees 24h$15,404
Stellar$8,980
Arbitrum$3,624
Ethereum$1,256
Polygon$993
Base$284
Starknet$234
Etherlink$33
Cumulative Fees$8.82m
Polygon$6.27m
Ethereum$1.07m
Stellar$871,352
Arbitrum$525,697
Starknet$35,555
Base$32,900
Etherlink$12,150
Revenue (Annualized)$708,766
Revenue 30d$253,984
Stellar$122,360
Arbitrum$85,942
Ethereum$18,055
Polygon$16,593
Base$4,798
Starknet$4,654
Etherlink$1,582
Revenue 7d$78,725
Stellar$42,081
Arbitrum$22,761
Ethereum$5,898
Polygon$4,924
Base$1,436
Starknet$1,330
Etherlink$295
Revenue 24h$15,404
Stellar$8,980
Arbitrum$3,624
Ethereum$1,256
Polygon$993
Base$284
Starknet$234
Etherlink$33
Cumulative Revenue$1.05m
Polygon$578,865
Ethereum$239,515
Stellar$131,340
Arbitrum$89,566
Base$5,082
Starknet$4,888
Etherlink$1,615
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 $2.26b in total value locked. TVL has increased 105.5% over the past 30 days.
What chains does Spiko operate on?
Spiko operates on 7 chains: Etherlink, Ethereum, Base, Polygon, and Stellar and 2 others. Stellar holds the largest share at 58.1%.
How much has Spiko generated in fees and revenue?
Over the past 30 days, Spiko generated $1.76m in fees. Of that, $253,984 was protocol revenue. Based on the trailing year, the annualized rate is $5.23m in fees and $708,766 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 $26.613b across 132 protocols, and Spiko accounts for 8.5% of that total. Other leading protocols include Securitize, Ondo Finance, and Circle.
