Ask about Surf Liquid · freeTotal Value Locked$27,392
TVL by Chain
Base$13,638
Ethereum$13,549
Polygon$204.86
Arbitrum$0
Key Metrics
Fees 30d$4.48
Fees 30d by chain
Base$4.48
Fees 7d$1.11
Base$1.11
Fees 24h$0.13
Base$0.13
Cumulative Fees$5,313
Base$5,313
Revenue 30d$0.36
Revenue 30d by chain
Base$0.36
Revenue 7d$0.09
Base$0.09
Revenue 24h$0.01
Base$0.01
Cumulative Revenue$523.04
Base$523.04
Holders Revenue 30d$0.36
Holders Revenue 30d by chain
Base$0.36
Holders Revenue 7d$0.09
Base$0.09
Holders Revenue 24h$0.01
Base$0.01
Cumulative Holders Revenue$523.04
Base$523.04
$SURF Volume 24h$0
CEX Volume$0
DEX Volume$0
Staked$0
Methodology
TVL: TVL counts Morpho vault deposits across V2/V3/V4 user vaults (Base, Ethereum, Arbitrum, Polygon), plus idle underlying held at each surf vault. Staking sums totalStaked() across both SURF staking proxies plus SURF subscriptions locked in the token contract.View code on GitHubFees: All the yield earned across all Morpho vault positions, calculated from share price changes.View code on GitHubRevenue: 10% performance fee on the yield.View code on GitHubHolders Revenue: All revenue is distributed to SURF holders via token buybacks.View code on GitHubYields
Pools Tracked1
Average Supply APY12%
Competitors
Surf Liquid history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Sep 24, 2025 to Nov 12, 2026.
All-time high TVL: $273,522 on Apr 11, 2026. All-time low TVL: $10 on Oct 13, 2025.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $199,716 |
| Oct 15, 2026 | $196,273 |
| Oct 16, 2026 | $196,793 |
| Oct 17, 2026 | $196,338 |
| Oct 18, 2026 | $195,430 |
| Oct 19, 2026 | $195,997 |
| Oct 20, 2026 | $195,258 |
| Oct 21, 2026 | $197,361 |
| Oct 22, 2026 | $198,196 |
| Oct 23, 2026 | $194,391 |
| Oct 24, 2026 | $194,191 |
| Oct 25, 2026 | $193,632 |
| Oct 26, 2026 | $191,871 |
| Oct 27, 2026 | $191,599 |
| Oct 28, 2026 | $193,409 |
| Oct 29, 2026 | $191,321 |
| Oct 30, 2026 | $187,090 |
| Oct 31, 2026 | $189,193 |
| Nov 1, 2026 | $185,989 |
| Nov 2, 2026 | $117,395 |
| Nov 3, 2026 | $115,544 |
| Nov 4, 2026 | $116,662 |
| Nov 5, 2026 | $30,404 |
| Nov 6, 2026 | $30,383 |
| Nov 7, 2026 | $30,394 |
| Nov 8, 2026 | $30,393 |
| Nov 9, 2026 | $30,385 |
| Nov 10, 2026 | $27,389 |
| Nov 11, 2026 | $27,386 |
| Nov 12, 2026 | $27,390 |
TVL at each month end, Sep 2025 to Nov 2026
| Date | TVL |
|---|---|
| Sep 30, 2025 | $0 |
| Oct 31, 2025 | $43,070 |
| Nov 30, 2025 | $60,752 |
| Dec 31, 2025 | $1,507 |
| Jan 31, 2026 | $852 |
| Feb 28, 2026 | $855 |
| Mar 31, 2026 | $208,969 |
| Apr 30, 2026 | $247,128 |
| May 31, 2026 | $223,566 |
| Jun 30, 2026 | $189,419 |
| Jul 31, 2026 | $205,880 |
| Aug 31, 2026 | $218,367 |
| Sep 30, 2026 | $206,587 |
| Oct 31, 2026 | $189,193 |
| Nov 12, 2026 (latest) | $27,390 |
Fees, revenue and holders revenue by UTC calendar month, Oct 2025 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2025 | $28 | $2 | $2 |
| Nov 2025 | $112 | $11 | $11 |
| Dec 2025 | $275 | $25 | $25 |
| Jan 2026 | $833 | $84 | $84 |
| Feb 2026 | $896 | $86 | $86 |
| Mar 2026 | $735 | $69 | $69 |
| Apr 2026 | $939 | $96 | $96 |
| May 2026 | $907 | $91.43 | $91.43 |
| Jun 2026 | $373.89 | $37.34 | $37.34 |
| Jul 2026 | $147.64 | $14.76 | $14.76 |
| Aug 2026 | $54.19 | $5.41 | $5.41 |
| Sep 2026 | $6.22 | $0.62 | $0.62 |
| Oct 2026 | $4.42 | $0.34 | $0.34 |
| Nov 2026 (to date) | $1.84 | $0.15 | $0.15 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/surf-liquid
Frequently asked questions
What is Surf Liquid's TVL?
As of Nov 12, 2026, Surf Liquid has $27,392 in total value locked. TVL has decreased 86.1% over the past 30 days.
What chains does Surf Liquid operate on?
Surf Liquid operates on 4 chains: Base, Ethereum, Polygon, and Arbitrum. Base holds the largest share at 49.8%.
How much has Surf Liquid generated in fees and revenue?
Over the past 30 days, Surf Liquid generated $4.48 in fees. Of that, $0.36 was protocol revenue. Based on the trailing year, the annualized rate is $5,282 in fees and $521.04 in revenue.
What is the SURF token price and valuation?
Supply currently stands at 21m circulating, 21m total supply, 21m maximum supply.
How has SURF performed recently?
SURF is down 13.2% over the past 7 days and down 25.4% over the past 30 days. Its all-time high is $0.10, reached on Aug 17, 2025.
How does Surf Liquid's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Surf Liquid ranks #226 by TVL. The category holds $4.062b across 579 protocols, and Surf Liquid accounts for <0.1% of that total. Similar protocols include Stake DAO Yield, Aura, Toros, VaultCraft, Napier, FWB, Merkl, Spark Savings, Pendle V2, and Convex Finance.
How many yield pools does Surf Liquid have?
DefiLlama tracks 1 Surf Liquid yield pool with an average APY of 12%.