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U235

Total Value Locked$2,141

TVL by Chain

Scroll$2,141

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

Key Metrics

Active Loans$3,480

Protocol Information

High Capital Efficiency Lending Market On Scroll

GitHubX/Twitter
Category:Lending

Audits:

Methodology

TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHub

Competitors

Aave V3 ($15.221b)Morpho Blue ($10.954b)Compound V3 ($1.201b)EtherFi Borrowing Market ($301.04m)LayerBank ($5.39m)Avalon Finance ($992,766)Impermax V2 ($499,687)Tarot ($454,419)Cog ($166,468)Loanshark Core ($7,968)

U235 history

TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Mar 13, 2024 to Nov 11, 2026.

All-time high TVL: $4,531 on Aug 23, 2025. All-time low TVL: $83 on Mar 15, 2024.

Daily TVL, Oct 13, 2026 to Nov 11, 2026

DateTVL
Oct 13, 2026$2,459
Oct 14, 2026$2,523
Oct 15, 2026$2,449
Oct 16, 2026$2,463
Oct 17, 2026$2,445
Oct 18, 2026$2,425
Oct 19, 2026$2,437
Oct 20, 2026$2,433
Oct 21, 2026$2,470
Oct 22, 2026$2,495
Oct 23, 2026$2,417
Oct 24, 2026$2,414
Oct 25, 2026$2,387
Oct 26, 2026$2,347
Oct 27, 2026$2,359
Oct 28, 2026$2,380
Oct 29, 2026$2,344
Oct 30, 2026$2,299
Oct 31, 2026$2,290
Nov 1, 2026$2,301
Nov 2, 2026$2,321
Nov 3, 2026$2,296
Nov 4, 2026$2,317
Nov 5, 2026$2,448
Nov 6, 2026$2,287
Nov 7, 2026$2,286
Nov 8, 2026$2,285
Nov 9, 2026$2,182
Nov 10, 2026$2,193
Nov 11, 2026$2,122

TVL at each month end, Dec 2024 to Nov 2026

DateTVL
Dec 31, 2024$3,334
Jan 31, 2025$3,244
Feb 28, 2025$2,371
Mar 31, 2025$1,904
Apr 30, 2025$1,907
May 31, 2025$2,527
Jun 30, 2025$2,529
Jul 31, 2025$3,691
Aug 31, 2025$4,220
Sep 30, 2025$4,019
Oct 31, 2025$3,694
Nov 30, 2025$2,950
Dec 31, 2025$2,925
Jan 31, 2026$2,694
Feb 28, 2026$2,021
Mar 31, 2026$2,108
Apr 30, 2026$2,316
May 31, 2026$2,098
Jun 30, 2026$1,723
Jul 31, 2026$1,995
Aug 31, 2026$2,453
Sep 30, 2026$2,664
Oct 31, 2026$2,290
Nov 11, 2026 (latest)$2,122

TVL at each year end, Dec 31, 2024 to Dec 31, 2025

DateTVL
Dec 31, 2024$3,334
Dec 31, 2025$2,925

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/u235

Frequently asked questions

What is U235's TVL?

As of Nov 11, 2026, U235 has $2,141 in total value locked. TVL has decreased 16.2% over the past 30 days.

What chains does U235 operate on?

U235 operates on Scroll. Scroll holds the largest share at 100%.

How does U235's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, U235 ranks #356 by TVL. The category holds $48.746b across 520 protocols, and U235 accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Compound V3, EtherFi Borrowing Market, LayerBank, Avalon Finance, Impermax V2, Tarot, Cog, and Loanshark Core.

How much has been borrowed through U235?

As of Nov 11, 2026, U235 has $3,480 in active loans.