Ask about xToken · freexToken(XTK)
Total Value Locked$768,932
TVL by Chain
Ethereum$768,218
OP Mainnet$438.29
Arbitrum$275.58
Polygon$0
Key Metrics
Total Raised$2m
Nov 3, 2021$2mRound: Investors: Lattice Capital, Cygni Capital, Joe Buttram, Origin Capital, Loi Luu, Kain Warwick
Protocol Information
Permissionless Investment Bank
Audits:
Methodology
TVL: TVL includes deposits made to xToken Terminal and xToken Market.View code on GitHubHacks
Date: May 12, 2021
Amount: $24m
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
On May 12, 2021, xToken was exploited when an attacker used an $81M flash loan (61,800 ETH) from dYdX to manipulate Kyber Network's oracle, enabling minting of xSNXa tokens at manipulated prices for ETH and SNX. The xBNTa contract had an additional flaw allowing minting with any token, not just BNT.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Aug 29, 2021
Amount: $4.5m
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
An attacker used an $81M flashloan from dYdX to manipulate SNX price downward, then exploited an access control vulnerability in xToken's callFunction to purchase SNX at artificially depressed prices, stealing $4.5M in value.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
xToken history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 12, 2021 to Nov 6, 2026.
All-time high TVL: $100.96m on May 7, 2021. All-time low TVL: $687,660 on Jun 7, 2026.
Daily TVL, Oct 8, 2026 to Nov 6, 2026
| Date | TVL |
|---|---|
| Oct 8, 2026 | $871,758 |
| Oct 9, 2026 | $847,066 |
| Oct 10, 2026 | $851,660 |
| Oct 11, 2026 | $854,614 |
| Oct 12, 2026 | $864,894 |
| Oct 13, 2026 | $829,210 |
| Oct 14, 2026 | $844,791 |
| Oct 15, 2026 | $824,224 |
| Oct 16, 2026 | $832,255 |
| Oct 17, 2026 | $826,409 |
| Oct 18, 2026 | $818,086 |
| Oct 19, 2026 | $821,525 |
| Oct 20, 2026 | $814,509 |
| Oct 21, 2026 | $830,011 |
| Oct 22, 2026 | $835,796 |
| Oct 23, 2026 | $813,226 |
| Oct 24, 2026 | $806,153 |
| Oct 25, 2026 | $796,210 |
| Oct 26, 2026 | $788,190 |
| Oct 27, 2026 | $788,669 |
| Oct 28, 2026 | $787,705 |
| Oct 29, 2026 | $789,867 |
| Oct 30, 2026 | $750,642 |
| Oct 31, 2026 | $768,704 |
| Nov 1, 2026 | $775,642 |
| Nov 2, 2026 | $778,235 |
| Nov 3, 2026 | $764,479 |
| Nov 4, 2026 | $767,342 |
| Nov 5, 2026 | $797,737 |
| Nov 6, 2026 | $766,029 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.58m |
| Jan 31, 2025 | $1.49m |
| Feb 28, 2025 | $1.13m |
| Mar 31, 2025 | $940,428 |
| Apr 30, 2025 | $962,951 |
| May 31, 2025 | $1.25m |
| Jun 30, 2025 | $1.25m |
| Jul 31, 2025 | $1.55m |
| Aug 31, 2025 | $1.64m |
| Sep 30, 2025 | $1.53m |
| Oct 31, 2025 | $1.35m |
| Nov 30, 2025 | $1.15m |
| Dec 31, 2025 | $1.09m |
| Jan 31, 2026 | $1.01m |
| Feb 28, 2026 | $821,460 |
| Mar 31, 2026 | $817,077 |
| Apr 30, 2026 | $865,801 |
| May 31, 2026 | $809,532 |
| Jun 30, 2026 | $724,005 |
| Jul 31, 2026 | $797,011 |
| Aug 31, 2026 | $915,962 |
| Sep 30, 2026 | $883,312 |
| Oct 31, 2026 | $768,704 |
| Nov 6, 2026 (latest) | $766,029 |
TVL at each year end, Dec 29, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 29, 2021 | $15.29m |
| Dec 31, 2022 | $3m |
| Dec 31, 2023 | $1.41m |
| Dec 31, 2024 | $1.58m |
| Dec 31, 2025 | $1.09m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/xtoken
Frequently asked questions
What is xToken's TVL?
As of Nov 6, 2026, xToken has $768,932 in total value locked. TVL has decreased 14.3% over the past 30 days.
What chains does xToken operate on?
xToken operates on 4 chains: Ethereum, OP Mainnet, Arbitrum, and Polygon. Ethereum holds the largest share at 99.9%.
How does xToken's TVL compare to similar protocols?
Among Liquidity Manager protocols tracked by DefiLlama, xToken ranks #14 by TVL. The category holds $204.32m across 71 protocols, and xToken accounts for 0.4% of that total. Similar protocols include Steer Protocol, ACryptoS, Gamma, Charm Finance V2, Bunni v1, Quadrat, Metavisor, ICHI, Krystal Community Vault, and Dyson.
Has xToken ever been exploited?
xToken has 2 recorded security incidents. The most recent incident occurred on Aug 29, 2021 and involved $4.5m. It was classified as Oracle Manipulation.