Ask about zERC20 · freeTotal Value Locked$90,519
TVL by Chain
Base$28,925
Ethereum$27,077
Arbitrum$18,948
Polygon$10,573
BSC$4,888
Kaia$108.51
Key Metrics
Fees 30d$213.51
Fees 30d by chain
Base$76.20
BSC$50.85
Ethereum$47.64
Arbitrum$23.67
Polygon$15.16
Kaia$0
Fees 7d$130.76
Base$52.92
Ethereum$25.99
BSC$22.17
Arbitrum$18.18
Polygon$11.52
Kaia$0
Fees 24h$18.91
Base$7.86
Arbitrum$4.85
Polygon$2.75
BSC$2.62
Ethereum$0.83
Kaia$0
Cumulative Fees$39,946
Polygon$35,230
BSC$3,548
Base$531.61
Arbitrum$305.84
Ethereum$252.19
Kaia$78.84
Revenue 30d$213.51
Revenue 30d by chain
Base$76.20
BSC$50.85
Ethereum$47.64
Arbitrum$23.67
Polygon$15.16
Kaia$0
Revenue 7d$130.76
Base$52.92
Ethereum$25.99
BSC$22.17
Arbitrum$18.18
Polygon$11.52
Kaia$0
Revenue 24h$18.91
Base$7.86
Arbitrum$4.85
Polygon$2.75
BSC$2.62
Ethereum$0.83
Kaia$0
Cumulative Revenue$39,946
Polygon$35,230
BSC$3,548
Base$531.61
Arbitrum$305.84
Ethereum$252.19
Kaia$78.84
Methodology
TVL: TVL is the underlying asset held by zERC20's contracts. In v2, each zToken (zETH, zBNB and zPOL for native coins, plus zUSDC and zJPYC) holds its own backing; the v1 LiquidityManagers still hold what remains of the original protocol. Token supply is not used, because private transfers strand tokens in burn addresses and inflate it.View code on GitHubFees: Fees users pay to move tokens privately: since 2026-10-20 a v2 withdrawal fee (0.35% below $10k, tapering to 0.08% above $10M) and a small fee for merging notes, plus on v1 a 0.35% redeem fee on private transfers (since 2026-06-02) and an unwrap fee for converting zTokens back to the underlying token that rises as liquidity runs low; relayer and third-party referral fees are excluded.View code on GitHubRevenue: All v2 withdrawal and note-merge fees and all v1 redeem and unwrap fees paid by users are kept by the protocol.View code on GitHubzERC20 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 11, 2026 to Nov 13, 2026.
All-time high TVL: $109,285 on Sep 11, 2026. All-time low TVL: $66,087 on Oct 30, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $91,442 |
| Oct 16, 2026 | $91,573 |
| Oct 17, 2026 | $91,102 |
| Oct 18, 2026 | $91,678 |
| Oct 19, 2026 | $91,912 |
| Oct 20, 2026 | $91,879 |
| Oct 21, 2026 | $93,375 |
| Oct 22, 2026 | $69,964 |
| Oct 23, 2026 | $69,480 |
| Oct 24, 2026 | $71,313 |
| Oct 25, 2026 | $68,789 |
| Oct 26, 2026 | $67,902 |
| Oct 27, 2026 | $68,023 |
| Oct 28, 2026 | $68,764 |
| Oct 29, 2026 | $67,758 |
| Oct 30, 2026 | $66,087 |
| Oct 31, 2026 | $66,425 |
| Nov 1, 2026 | $66,967 |
| Nov 2, 2026 | $67,449 |
| Nov 3, 2026 | $66,631 |
| Nov 4, 2026 | $66,899 |
| Nov 5, 2026 | $99,864 |
| Nov 6, 2026 | $95,440 |
| Nov 7, 2026 | $95,227 |
| Nov 8, 2026 | $95,877 |
| Nov 9, 2026 | $99,004 |
| Nov 10, 2026 | $96,922 |
| Nov 11, 2026 | $96,556 |
| Nov 12, 2026 | $94,327 |
| Nov 13, 2026 | $93,010 |
TVL at each month end, Sep 2026 to Nov 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $96,145 |
| Oct 31, 2026 | $66,425 |
| Nov 13, 2026 (latest) | $93,010 |
Fees and revenue by UTC calendar month, Feb 2026 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Feb 2026 | $44.04 | $44.04 |
| Mar 2026 | $2.06 | $2.06 |
| Apr 2026 | $105.95 | $105.95 |
| May 2026 | $0.37 | $0.37 |
| Jun 2026 | $3,911 | $3,911 |
| Jul 2026 | $2,654 | $2,654 |
| Aug 2026 | $1,894 | $1,894 |
| Sep 2026 | $31,052 | $31,052 |
| Oct 2026 | $119.70 | $119.70 |
| Nov 2026 (to date) | $181.39 | $181.39 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/zerc20
Frequently asked questions
What is zERC20's TVL?
As of Nov 13, 2026, zERC20 has $90,519 in total value locked. TVL has decreased 3.1% over the past 30 days.
What chains does zERC20 operate on?
zERC20 operates on 6 chains: Base, Ethereum, Arbitrum, Polygon, and BSC and 1 others. Base holds the largest share at 32%.
How much has zERC20 generated in fees and revenue?
Over the past 30 days, zERC20 generated $213.51 in fees. Of that, $213.51 was protocol revenue. Based on the trailing year, the annualized rate is $51,887 in fees and $51,887 in revenue.
How does zERC20's TVL compare to similar protocols?
Among Privacy protocols tracked by DefiLlama, zERC20 ranks #14 by TVL. The category holds $881.18m across 54 protocols, and zERC20 accounts for <0.1% of that total. Similar protocols include Hinkal, Tornado Cash, Railgun, Privacy Pools V2, Nullmask, Vortexo, Privacy Cash, Privacy Pools V1, Tacit, and Gloam.