Protocol Information
TProtocol V2 is decentralized RWA lending protocol which facilitates the liquidity and mass adoption of RWA tokens in DeFi ecosystems
Sub Category: Treasury Bills
Audits:
Methodology
TVL: counts value of assets in the TreasuryView code on GitHubCompetitors
TProtocol V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 26, 2023 to Oct 23, 2026.
All-time high TVL: $5m on Nov 10, 2023. All-time low TVL: $46 on Mar 21, 2024.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $32,741 |
| Sep 25, 2026 | $32,744 |
| Sep 26, 2026 | $32,747 |
| Sep 27, 2026 | $32,750 |
| Sep 28, 2026 | $32,754 |
| Sep 29, 2026 | $32,757 |
| Sep 30, 2026 | $32,760 |
| Oct 1, 2026 | $32,763 |
| Oct 2, 2026 | $32,766 |
| Oct 3, 2026 | $32,770 |
| Oct 4, 2026 | $32,773 |
| Oct 5, 2026 | $32,776 |
| Oct 6, 2026 | $32,780 |
| Oct 7, 2026 | $32,783 |
| Oct 8, 2026 | $32,786 |
| Oct 9, 2026 | $32,789 |
| Oct 10, 2026 | $32,792 |
| Oct 11, 2026 | $32,795 |
| Oct 12, 2026 | $32,798 |
| Oct 13, 2026 | $32,802 |
| Oct 14, 2026 | $32,805 |
| Oct 15, 2026 | $32,808 |
| Oct 16, 2026 | $32,811 |
| Oct 17, 2026 | $32,815 |
| Oct 18, 2026 | $32,818 |
| Oct 19, 2026 | $32,821 |
| Oct 20, 2026 | $32,825 |
| Oct 21, 2026 | $32,828 |
| Oct 22, 2026 | $32,831 |
| Oct 23, 2026 | $32,834 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $280,611 |
| Dec 31, 2024 | $273,028 |
| Jan 31, 2025 | $273,740 |
| Feb 28, 2025 | $274,677 |
| Mar 31, 2025 | $275,424 |
| Apr 30, 2025 | $59,540 |
| May 31, 2025 | $59,365 |
| Jun 30, 2025 | $59,433 |
| Jul 31, 2025 | $59,823 |
| Aug 31, 2025 | $59,865 |
| Sep 30, 2025 | $332 |
| Oct 31, 2025 | $267 |
| Nov 30, 2025 | $48,639 |
| Dec 31, 2025 | $48,662 |
| Jan 31, 2026 | $43,409 |
| Feb 28, 2026 | $43,337 |
| Mar 31, 2026 | $43,235 |
| Apr 30, 2026 | $31,967 |
| May 31, 2026 | $32,045 |
| Jun 30, 2026 | $32,490 |
| Jul 31, 2026 | $32,004 |
| Aug 31, 2026 | $32,305 |
| Sep 30, 2026 | $32,760 |
| Oct 23, 2026 (latest) | $32,834 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $3.48m |
| Dec 31, 2024 | $273,028 |
| Dec 31, 2025 | $48,662 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/tprotocol-v2
Frequently asked questions
What is TProtocol V2's TVL?
As of Oct 23, 2026, TProtocol V2 has $32,839 in total value locked. TVL has increased 0.3% over the past 30 days.
What chains does TProtocol V2 operate on?
TProtocol V2 operates on Ethereum. Ethereum holds the largest share at 100%.
How does TProtocol V2's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, TProtocol V2 ranks #79 by TVL. The category holds $4.091b across 176 protocols, and TProtocol V2 accounts for <0.1% of that total. Similar protocols include Ethena USDtb, Re, Huma, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, Ember, and Sky RWA.