Total Value Locked$496,821
TVL by Chain
Aptos$496,821
Key Metrics
Fees 30d$93.96
Fees 30d by chain
Aptos$93.96
Fees 7d$22.68
Aptos$22.68
Fees 24h$3.24
Aptos$3.24
Cumulative Fees$308,238
Aptos$308,238
Revenue 30d$93.96
Revenue 30d by chain
Aptos$93.96
Revenue 7d$22.68
Aptos$22.68
Revenue 24h$3.24
Aptos$3.24
Cumulative Revenue$1,029
Aptos$1,029
Protocol Information
Thala is a decentralized finance protocol powered by the Move language, enabling seamless borrowing of a decentralized, over-collateralized stablecoin in Move Dollar and capital-efficient liquidity provisioning via a rebalancing AMM on the Aptos blockchain
Audits:
Methodology
TVL: Aggregates all collateral backing Move Dollar in Thala's CDP Vaults.View code on GitHubFees: Borrow interest accrued on Move Dollar (MOD) CDP vaults, computed from on-chain liabilities and annual interest rates.View code on GitHubRevenue: 100% of borrow interest is retained by the Thala protocol (no external lenders).View code on GitHubCompetitors
Thala CDP history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 7, 2023 to Oct 23, 2026.
All-time high TVL: $85.41m on Nov 12, 2024. All-time low TVL: $176,725 on May 18, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $446,165 |
| Sep 25, 2026 | $447,623 |
| Sep 26, 2026 | $478,811 |
| Sep 27, 2026 | $477,059 |
| Sep 28, 2026 | $481,147 |
| Sep 29, 2026 | $479,274 |
| Sep 30, 2026 | $507,600 |
| Oct 1, 2026 | $505,460 |
| Oct 2, 2026 | $506,149 |
| Oct 3, 2026 | $504,643 |
| Oct 4, 2026 | $506,321 |
| Oct 5, 2026 | $504,347 |
| Oct 6, 2026 | $506,821 |
| Oct 7, 2026 | $503,635 |
| Oct 8, 2026 | $501,033 |
| Oct 9, 2026 | $501,159 |
| Oct 10, 2026 | $502,044 |
| Oct 11, 2026 | $501,851 |
| Oct 12, 2026 | $501,554 |
| Oct 13, 2026 | $506,815 |
| Oct 14, 2026 | $500,749 |
| Oct 15, 2026 | $499,190 |
| Oct 16, 2026 | $496,086 |
| Oct 17, 2026 | $496,410 |
| Oct 18, 2026 | $497,368 |
| Oct 19, 2026 | $496,950 |
| Oct 20, 2026 | $496,416 |
| Oct 21, 2026 | $496,829 |
| Oct 22, 2026 | $497,288 |
| Oct 23, 2026 | $547,794 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $59.53m |
| Dec 31, 2024 | $45.59m |
| Jan 31, 2025 | $39.86m |
| Feb 28, 2025 | $32.06m |
| Mar 31, 2025 | $19.47m |
| Apr 30, 2025 | $18.39m |
| May 31, 2025 | $16.62m |
| Jun 30, 2025 | $10.26m |
| Jul 31, 2025 | $10.95m |
| Aug 31, 2025 | $9.62m |
| Sep 30, 2025 | $9.43m |
| Oct 31, 2025 | $8.57m |
| Nov 30, 2025 | $4.89m |
| Dec 31, 2025 | $4.4m |
| Jan 31, 2026 | $2.07m |
| Feb 28, 2026 | $500,731 |
| Mar 31, 2026 | $581,737 |
| Apr 30, 2026 | $537,332 |
| May 31, 2026 | $581,773 |
| Jun 30, 2026 | $476,407 |
| Jul 31, 2026 | $467,995 |
| Aug 31, 2026 | $478,038 |
| Sep 30, 2026 | $507,600 |
| Oct 23, 2026 (latest) | $547,794 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $34.78m |
| Dec 31, 2024 | $45.59m |
| Dec 31, 2025 | $4.4m |
Fees and revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2024 | $31,652 | - |
| Dec 2024 | $5,658 | - |
| Jan 2025 | $36 | - |
| Feb 2025 | $22,994 | - |
| Mar 2025 | $3,085 | - |
| Apr 2025 | $1,653 | - |
| May 2025 | $1,975 | - |
| Jun 2025 | $164 | - |
| Jul 2025 | $745 | - |
| Aug 2025 | $1,004 | - |
| Sep 2025 | $238 | - |
| Oct 2025 | $1,203 | $56.01 |
| Nov 2025 | $3,604 | $22.22 |
| Dec 2025 | $250.46 | $119.46 |
| Jan 2026 | $248.27 | $101.27 |
| Feb 2026 | $144.51 | $50.51 |
| Mar 2026 | $72.66 | $72.66 |
| Apr 2026 | $17.30 | $17.30 |
| May 2026 | $103.80 | $103.80 |
| Jun 2026 | $103.80 | $103.80 |
| Jul 2026 | $107.26 | $107.26 |
| Aug 2026 | $105.09 | $105.09 |
| Sep 2026 | $94.71 | $94.71 |
| Oct 2026 (to date) | $74.52 | $74.52 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/thala-cdp
Frequently asked questions
What is Thala CDP's TVL?
As of Oct 23, 2026, Thala CDP has $496,821 in total value locked. TVL has increased 11.1% over the past 30 days.
What chains does Thala CDP operate on?
Thala CDP operates on Aptos. Aptos holds the largest share at 100%.
How much has Thala CDP generated in fees and revenue?
Over the past 30 days, Thala CDP generated $93.96 in fees. Of that, $93.96 was protocol revenue. Based on the trailing year, the annualized rate is $4,964 in fees and $1,190 in revenue.
How does Thala CDP's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Thala CDP ranks #47 by TVL. The category holds $7.793b across 200 protocols, and Thala CDP accounts for <0.1% of that total. Similar protocols include Argo, Auro Finance, Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, Reservoir Protocol, and Frankencoin.