Ask about Theo · freeTotal Value Locked$144.35m
TVL by Chain
Ethereum$132.85m
Monad$7.2m
Stable$4.02m
Linea$128,814
Arbitrum$116,972
Base$22,043
Solana$0
Key Metrics
Fees 30d$97,324
Fees 30d by chain
Ethereum$120,025
Hyperliquid L1$4,898
Arbitrum$1,195
Linea$1.79
Base$1.01
Stable$0.11
Fees 7d$13,051
Ethereum$15,530
Hyperliquid L1$706
Arbitrum$198
Base$0.11
Stable$0.02
Linea$0
Fees 24h$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Cumulative Fees$2.94m
Ethereum$9.51m
Arbitrum$2.22m
Stable$1.13m
Hyperliquid L1$515,834
Base$237,846
Linea$711.79
Revenue 30d$0
Revenue 30d by chain
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Revenue 7d$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Revenue 24h$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Cumulative Revenue$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Total Raised$20m
Apr 24, 2025$20mRound: Investors: Hack VC, Anthos Capital, Manifold, Mirana Ventures, Metalayer Ventures, SCB Limited, Amber Group, Selini Capital, MEXC Ventures, Flowdesk
Protocol Information
Theo is a full-stack platform connecting onchain capital to global financial markets.
- Theo Straddle VaultsBasis Trading
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Yields
Pools Tracked3
Average Supply APY3.16%
Theo history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 20, 2024 to Oct 18, 2026.
All-time high TVL: $220.51m on Nov 27, 2025. All-time low TVL: $24.68m on Dec 23, 2024.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $159.51m |
| Sep 20, 2026 | $159.5m |
| Sep 21, 2026 | $159.55m |
| Sep 22, 2026 | $154.49m |
| Sep 23, 2026 | $149.29m |
| Sep 24, 2026 | $149.29m |
| Sep 25, 2026 | $148.79m |
| Sep 26, 2026 | $148.7m |
| Sep 27, 2026 | $148.7m |
| Sep 28, 2026 | $148.67m |
| Sep 29, 2026 | $148.45m |
| Sep 30, 2026 | $145.58m |
| Oct 1, 2026 | $145.59m |
| Oct 2, 2026 | $145.59m |
| Oct 3, 2026 | $145.6m |
| Oct 4, 2026 | $145.63m |
| Oct 5, 2026 | $145.64m |
| Oct 6, 2026 | $140.65m |
| Oct 7, 2026 | $140.67m |
| Oct 8, 2026 | $144.59m |
| Oct 9, 2026 | $144.53m |
| Oct 10, 2026 | $144.53m |
| Oct 11, 2026 | $144.51m |
| Oct 12, 2026 | $144.5m |
| Oct 13, 2026 | $144.48m |
| Oct 14, 2026 | $144.54m |
| Oct 15, 2026 | $144.47m |
| Oct 16, 2026 | $144.47m |
| Oct 17, 2026 | $144.47m |
| Oct 18, 2026 | $144.36m |
TVL at each month end, Dec 2024 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $27.2m |
| Jan 31, 2025 | $48.95m |
| Feb 28, 2025 | $45.24m |
| Mar 31, 2025 | $27.7m |
| Apr 30, 2025 | $25.39m |
| May 31, 2025 | $28.68m |
| Jun 30, 2025 | $27.4m |
| Jul 31, 2025 | $28.12m |
| Aug 31, 2025 | $71.9m |
| Sep 30, 2025 | $133.56m |
| Oct 31, 2025 | $157.97m |
| Nov 30, 2025 | $219.95m |
| Dec 31, 2025 | $124.8m |
| Jan 31, 2026 | $134.81m |
| Feb 28, 2026 | $134.86m |
| Mar 31, 2026 | $138.24m |
| Apr 30, 2026 | $133.79m |
| May 31, 2026 | $120.07m |
| Jun 30, 2026 | $95.98m |
| Jul 31, 2026 | $64.38m |
| Aug 31, 2026 | $61.01m |
| Sep 30, 2026 | $145.58m |
| Oct 18, 2026 (latest) | $144.36m |
Fees and revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2024 | $52,108 | $0 |
| Jan 2025 | $149,064 | $0 |
| Feb 2025 | $137,869 | $0 |
| Mar 2025 | -$2.82m | $0 |
| Apr 2025 | $85,993 | $0 |
| May 2025 | $137,836 | $0 |
| Jun 2025 | $99,276 | $0 |
| Jul 2025 | $158,333 | $0 |
| Aug 2025 | $190,819 | $0 |
| Sep 2025 | $334,017 | $0 |
| Oct 2025 | $472,470 | $0 |
| Nov 2025 | $490,953 | $0 |
| Dec 2025 | $382,513 | $0 |
| Jan 2026 | $400,327 | $0 |
| Feb 2026 | $301,710 | $0 |
| Mar 2026 | $345,099 | $0 |
| Apr 2026 | $386,535 | $0 |
| May 2026 | $371,236 | $0 |
| Jun 2026 | $599,913 | $0 |
| Jul 2026 | $302,036 | $0 |
| Aug 2026 | $229,237 | $0 |
| Sep 2026 | $73,582 | $0 |
| Oct 2026 (to date) | $63,890 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/theo
Frequently asked questions
What is Theo's TVL?
As of Oct 18, 2026, Theo has $144.35m in total value locked. TVL has decreased 9.4% over the past 30 days.
What chains does Theo operate on?
Theo operates on 8 chains: Ethereum, Linea, Arbitrum, Base, and Monad and 3 others. Ethereum holds the largest share at 92%.
How much has Theo generated in fees and revenue?
Over the past 30 days, Theo generated $97,324 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $4.14m in fees.
Which protocols are included in Theo?
Theo is a parent protocol whose tracked products include Theo Network thUSD, Theo Network thBill, and Theo Straddle Vaults.
How many yield pools does Theo have?
DefiLlama tracks 3 Theo yield pools with an average APY of 3.2%.