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Torches

Total Value Locked$25,481

TVL by Chain

KCC$25,481

The chart plots Active Loans as its own series; it is not part of the TVL above.

Key Metrics

Active Loans$304.82

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Protocol Information

Torches is a decentralized non-custodial liquidity protocol based on KCC, where users, wallets and dapps can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralised manner

Category:Lending

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Torches history

TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jul 2, 2022 to Nov 5, 2026.

All-time high TVL: $18m on Jul 4, 2023. All-time low TVL: $743 on Aug 12, 2026.

Daily TVL, Oct 7, 2026 to Nov 5, 2026

DateTVL
Oct 7, 2026$26,721
Oct 8, 2026$26,229
Oct 9, 2026$26,041
Oct 10, 2026$25,953
Oct 11, 2026$19,496
Oct 12, 2026$17,259
Oct 13, 2026$26,025
Oct 14, 2026$26,271
Oct 15, 2026$25,430
Oct 16, 2026$25,594
Oct 17, 2026$25,578
Oct 18, 2026$25,501
Oct 19, 2026$25,651
Oct 20, 2026$25,565
Oct 21, 2026$25,655
Oct 22, 2026$25,743
Oct 23, 2026$25,467
Oct 24, 2026$25,431
Oct 25, 2026$25,318
Oct 26, 2026$24,286
Oct 27, 2026$24,436
Oct 28, 2026$24,445
Oct 29, 2026$25,560
Oct 30, 2026$24,793
Oct 31, 2026$24,748
Nov 1, 2026$24,756
Nov 2, 2026$18,908
Nov 3, 2026$24,724
Nov 4, 2026$24,947
Nov 5, 2026$25,581

TVL at each month end, Dec 2024 to Nov 2026

DateTVL
Dec 31, 2024$27,504
Jan 31, 2025$30,586
Feb 28, 2025$27,513
Mar 31, 2025$29,769
Apr 30, 2025$21,476
May 31, 2025$29,334
Jun 30, 2025$25,923
Jul 31, 2025$29,138
Aug 31, 2025$33,490
Sep 30, 2025$34,041
Oct 31, 2025$30,053
Nov 30, 2025$25,098
Dec 31, 2025$25,060
Jan 31, 2026$23,689
Feb 28, 2026$19,353
Mar 31, 2026$21,044
Apr 30, 2026$25,591
May 31, 2026$25,421
Jun 30, 2026$22,824
Jul 31, 2026$23,129
Aug 31, 2026$25,151
Sep 30, 2026$26,230
Oct 31, 2026$24,748
Nov 5, 2026 (latest)$25,581

TVL at each year end, Dec 31, 2022 to Dec 31, 2025

DateTVL
Dec 31, 2022$9.78m
Dec 31, 2023$84,730
Dec 31, 2024$27,504
Dec 31, 2025$25,060

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/torches

Frequently asked questions

What is Torches' TVL?

As of Nov 5, 2026, Torches has $25,481 in total value locked. TVL has decreased 4.3% over the past 30 days.

What chains does Torches operate on?

Torches operates on KCC. KCC holds the largest share at 100%.

How does Torches' TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Torches ranks #272 by TVL. The category holds $49.824b across 521 protocols, and Torches accounts for <0.1% of that total. Similar protocols include 0xLend, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Hyperliquid Earn, Compound V3, Kamino Lend, and Venus Core Pool.

How much has been borrowed through Torches?

As of Nov 5, 2026, Torches has $304.82 in active loans.