Total Value Locked$626.09m
TVL by Chain
Ethereum$580.71m
BSC$44.77m
Arbitrum$442,593
Gnosis$46,900
Polygon$38,825
Avalanche$38,136
OP Mainnet$20,764
EthereumClassic$20,678
Key Metrics
Fees 30d$354,743
Fees 30d by chain
Ethereum$350,036
BSC$4,660
Arbitrum$41.43
Polygon$2.65
OP Mainnet$0.26
Avalanche$0
Gnosis$0
Fees 7d$60,235
Ethereum$58,808
BSC$1,426
Polygon$0.05
Arbitrum$0
Avalanche$0
Gnosis$0
OP Mainnet$0
Fees 24h$5,599
Ethereum$5,422
BSC$177
Arbitrum$0
Avalanche$0
Gnosis$0
OP Mainnet$0
Polygon$0
Cumulative Fees$14.97m
Ethereum$14.62m
BSC$313,237
Arbitrum$40,955
Avalanche$1,183
Polygon$1,049
Gnosis$39.73
OP Mainnet$17.74
Revenue 30d$220,830
Revenue 30d by chain
Ethereum$220,830
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Revenue 7d$34,606
Ethereum$34,606
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Revenue 24h$3,571
Ethereum$3,571
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Cumulative Revenue$9.53m
Ethereum$9.53m
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Holders Revenue 30d$220,830
Holders Revenue 30d by chain
Ethereum$220,830
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Holders Revenue 7d$34,606
Ethereum$34,606
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Holders Revenue 24h$3,571
Ethereum$3,571
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Cumulative Holders Revenue$9.53m
Ethereum$9.53m
Arbitrum$0
Avalanche$0
BSC$0
Gnosis$0
OP Mainnet$0
Polygon$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3.3m
Earnings 30d$220,830
Earnings 7d$34,606
Earnings 24h$3,571
Cumulative Earnings$9.53m
Market Cap$21.41m
$TORN Price$4.49
Fully Diluted Valuation$44.85m
Outstanding FDV$44.88m
$TORN Volume 24h$102,959
CEX Volume$950,918
DEX Volume$25,967(25.22% of total)
Treasury$21.76m
Majors$16,010
Stablecoins$0
Own Tokens$21.75m
Others$5.23
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees users pay to relayers when withdrawing from Tornado Cash pools through a relayer.View code on GitHubRevenue: TORN deducted from relayer stakes on each relayed Ethereum withdrawal, paid out of the relayer fee and distributed to TORN governance stakers. Other chains have no protocol fee.View code on GitHubHolders Revenue: TORN deducted from relayer stakes on each relayed Ethereum withdrawal and distributed to TORN locked in governance (no TORN is burned).View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Treasury: Value of tokens owned by the protocolHacks
Date: May 20, 2023
Amount: $2.17m
Classification: Governance
Technique: Malicious Proposal
An attacker exploited Tornado Cash governance by proposing a malicious proposal that appeared identical to a previously approved one, gaining voter trust. The malicious code granted 1.2M governance votes to the attacker, exceeding legitimate votes and gaining full governance control. The attacker drained 483,000 TORN tokens ($2.17M) from governance vaults before later proposing its reversal.
Chains: Ethereum
Language: Solidity
Target Type: DAO
Competitors
Closest by TVL
Tornado Cash history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 17, 2019 to Nov 14, 2026.
All-time high TVL: $1.232b on Nov 10, 2025. All-time low TVL: $2,464 on Dec 17, 2019.
Daily TVL, Oct 16, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| Oct 16, 2026 | $692.75m |
| Oct 17, 2026 | $684.62m |
| Oct 18, 2026 | $680.66m |
| Oct 19, 2026 | $682.6m |
| Oct 20, 2026 | $678.86m |
| Oct 21, 2026 | $758.34m |
| Oct 22, 2026 | $830.84m |
| Oct 23, 2026 | $812.39m |
| Oct 24, 2026 | $813.59m |
| Oct 25, 2026 | $811.69m |
| Oct 26, 2026 | $801.14m |
| Oct 27, 2026 | $798.97m |
| Oct 28, 2026 | $816.3m |
| Oct 29, 2026 | $815.71m |
| Oct 30, 2026 | $770.29m |
| Oct 31, 2026 | $774.31m |
| Nov 1, 2026 | $775.76m |
| Nov 2, 2026 | $780.5m |
| Nov 3, 2026 | $781.96m |
| Nov 4, 2026 | $787.62m |
| Nov 5, 2026 | $835.78m |
| Nov 6, 2026 | $776.12m |
| Nov 7, 2026 | $779.22m |
| Nov 8, 2026 | $776.64m |
| Nov 9, 2026 | $739.12m |
| Nov 10, 2026 | $741.7m |
| Nov 11, 2026 | $713.28m |
| Nov 12, 2026 | $706.44m |
| Nov 13, 2026 | $695.87m |
| Nov 14, 2026 | $665.87m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $585.34m |
| Jan 31, 2025 | $548.74m |
| Feb 28, 2025 | $423.13m |
| Mar 31, 2025 | $332.96m |
| Apr 30, 2025 | $315.91m |
| May 31, 2025 | $440.89m |
| Jun 30, 2025 | $461.73m |
| Jul 31, 2025 | $671.74m |
| Aug 31, 2025 | $773.18m |
| Sep 30, 2025 | $767.98m |
| Oct 31, 2025 | $850.99m |
| Nov 30, 2025 | $1.011b |
| Dec 31, 2025 | $1.019b |
| Jan 31, 2026 | $669.82m |
| Feb 28, 2026 | $476.62m |
| Mar 31, 2026 | $489.05m |
| Apr 30, 2026 | $561.15m |
| May 31, 2026 | $508.35m |
| Jun 30, 2026 | $428.46m |
| Jul 31, 2026 | $581.97m |
| Aug 31, 2026 | $727.28m |
| Sep 30, 2026 | $764.31m |
| Oct 31, 2026 | $774.31m |
| Nov 14, 2026 (latest) | $665.87m |
TVL at each year end, Dec 31, 2019 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2019 | $157,950 |
| Dec 31, 2020 | $52.35m |
| Dec 31, 2021 | $587.15m |
| Dec 31, 2022 | $165.85m |
| Dec 31, 2023 | $345.51m |
| Dec 31, 2024 | $585.34m |
| Dec 31, 2025 | $1.019b |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $351,622 | $194,158 | $194,158 |
| Jan 2025 | $214,754 | $103,465 | $103,465 |
| Feb 2025 | $134,030 | $55,563 | $55,563 |
| Mar 2025 | $179,765 | $60,116 | $60,116 |
| Apr 2025 | $301,864 | $187,968 | $187,968 |
| May 2025 | $629,964 | $425,698 | $425,698 |
| Jun 2025 | $603,315 | $415,583 | $415,583 |
| Jul 2025 | $426,035 | $291,327 | $291,327 |
| Aug 2025 | $539,646 | $360,523 | $360,523 |
| Sep 2025 | $704,370 | $469,806 | $469,806 |
| Oct 2025 | $623,372 | $399,485 | $399,485 |
| Nov 2025 | $656,059 | $441,777 | $441,777 |
| Dec 2025 | $665,030 | $394,621 | $394,621 |
| Jan 2026 | $490,192 | $318,928 | $318,928 |
| Feb 2026 | $389,098 | $275,324 | $275,324 |
| Mar 2026 | $229,457 | $152,461 | $152,461 |
| Apr 2026 | $223,118 | $149,269 | $149,269 |
| May 2026 | $263,028 | $175,182 | $175,182 |
| Jun 2026 | $335,075 | $235,377 | $235,377 |
| Jul 2026 | $501,070 | $327,306 | $327,306 |
| Aug 2026 | $487,215 | $328,369 | $328,369 |
| Sep 2026 | $517,107 | $351,184 | $351,184 |
| Oct 2026 | $529,983 | $332,302 | $332,302 |
| Nov 2026 (to date) | $112,077 | $68,307 | $68,307 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/tornado-cash
Frequently asked questions
What is Tornado Cash's TVL?
As of Nov 14, 2026, Tornado Cash has $626.09m in total value locked. TVL has decreased 8.4% over the past 30 days.
What chains does Tornado Cash operate on?
Tornado Cash operates on 8 chains: Ethereum, BSC, Arbitrum, Gnosis, and Polygon and 3 others. Ethereum holds the largest share at 92.8%.
How much has Tornado Cash generated in fees and revenue?
Over the past 30 days, Tornado Cash generated $354,743 in fees. Of that, $220,830 was protocol revenue. Based on the trailing year, the annualized rate is $5.02m in fees and $3.3m in revenue.
What is the TORN token price and valuation?
TORN is currently trading at $4.49. Its circulating market capitalization is $21.41m, ranking it #940. Its fully diluted valuation is $44.85m. Supply currently stands at 4.77m circulating, 10m total supply, 10m maximum supply.
How has TORN performed recently?
TORN is down 30.7% over the past 7 days and down 35.8% over the past 30 days. Its all-time high is $436.16, reached on Feb 13, 2021. The token is currently 99% below that level.
How does Tornado Cash's TVL compare to similar protocols?
Among Privacy protocols tracked by DefiLlama, Tornado Cash ranks #1 by TVL. The category holds $832.85m across 55 protocols, and Tornado Cash accounts for 75.2% of that total. Similar protocols include Hinkal, Railgun, Privacy Pools V2, Nullmask, zERC20, Privacy Pools V1, Vortexo, Privacy Cash, zkBob, and Payy.
Does Tornado Cash have a treasury?
Tornado Cash has a tracked treasury currently valued at $21.76m. Its holdings include $16,010 in major assets, $21.75m in its own tokens, $5.23 in other assets.
Has Tornado Cash ever been exploited?
Tornado Cash has 1 recorded security incident. The most recent incident occurred on May 20, 2023 and involved $2.17m. It was classified as Governance.