24h Change-4.23%
All Time HighJun 16, 2021$24.4
All Time LowDec 28, 2022$0.37
Market Cap$67.43m
Fully Diluted Valuation$85.69m
Circ. Supply78.7m FLUID
Max Supply100m FLUID
Outstanding FDV$67.43m
CEX Volume$1.6m
DEX Volume$655,902
Majors$249.26
Stablecoins$6,964
Own Tokens$18.61m
Others$383.15
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $10.57M | $14.04M | $27.03M | $22.57M | $19.18M | $17.66M | $9.02M | $4.15M | $12.09M | $1.10M | $311.43K | $266.92K | $299.12K | $75.41K |
| Lite Vaults Fees | $263.87K | $514.87K | $928.07K | $1.27M | $433.69K | $833.96K | $747.21K | $412.49K | $600.97K | $497.49K | $311.43K | $266.92K | $299.12K | $75.41K |
| Borrow Interest | $8.75M | $10.52M | $21.15M | $15.81M | $10.42M | $9.18M | $7.44M | $3.50M | $11M | $588.92K | ||||
| Token Swap Fees | $1.35M | $2.54M | $4.50M | $5.33M | $8.32M | $7.39M | $755.97K | |||||||
| Revenue Share From Jupiter Lend | $200.85K | $468.20K | $439.09K | $139.15K | ||||||||||
Cost of Revenue | $8.88M | $11.29M | $22.92M | $18.52M | $17.62M | $15.50M | $7.18M | $3.15M | $10.34M | $588.92K | $0 | $0 | $0 | $0 |
| Borrow Interest To Lenders | $7.70M | $9.14M | $18.92M | $13.75M | $9.51M | $8.10M | $6.43M | $3.15M | $10.34M | $588.92K | ||||
| Swap Fees To LPs | $1.17M | $2.15M | $4M | $4.76M | $8.10M | $7.39M | $755.97K | |||||||
Gross Profit | $1.69M | $2.74M | $4.10M | $4.04M | $1.56M | $1.93M | $1.77M | $789.97K | $1.31M | $500.96K | $311.43K | $266.92K | $299.12K | $75.41K |
| Lite Vaults Fees | $263.87K | $514.87K | $928.07K | $1.27M | $433.69K | $833.96K | $747.21K | $412.49K | $600.97K | $497.49K | $311.43K | $266.92K | $299.12K | $75.41K |
| Borrow Interest To Treasury | $1.05M | $1.37M | $2.23M | $2.06M | $914.62K | $1.07M | $1.01M | $351.27K | $657.44K | $0 | ||||
| Swap Fees To Treasury | $179.80K | $390.31K | $504.32K | $567.54K | $215.21K | |||||||||
| Revenue Share From Jupiter Lend | $200.85K | $468.20K | $439.09K | $139.15K | ||||||||||
Incentives | $819.10K | $2.10M | $2.68M | $2.28M | $4.23M | $2.83M | $150.92M | $0 | $324.79K | -$632.43K | $0 | $0 | $0 | $0 |
| DAO Treasury Incentives | $819.10K | $2.10M | $2.68M | $2.28M | $4.23M | $2.83M | $150.92M | $324.79K | -$632.43K | |||||
Earnings | $876.04K | $638.87K | $1.41M | $1.76M | -$2.67M | -$898.21K | -$149.15M | $789.97K | $987.17K | $1.13M | $311.43K | $266.92K | $299.12K | $75.41K |
Token Holder Net Income | $0 | $1.53M | $3.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Token Buy Back | $1.53M | $3.21M |
How much debt can be issued against FLUID as collateral across lending protocols.
Maximum possible exposure to FLUID
$0.1
$0.011 (max additional borrows against FLUID) + $0.092 (bad debt if FLUID was hacked now)
Morpho V1
$0.1 at-risk exposure = $0.092 bad debt if hacked + $0.011 additional borrowable against FLUID
Showing collateral exposure for FLUID on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for FLUID as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
FLUID0x6f40d4a6237c257fff2db00fa0510deeecd303eb | $0.011 | $0.092 |
Risk-management actions published about FLUID by tracked risk managers and governance contributors, newest first.
Fluid protocol has grown to over $1.8B TVL with billions in monthly DEX volume, unifying lending, borrowing, and trading in a novel architecture. Enabling FLUID as collateral leverages Api3’s OEV oracles for volatility protection and Morpho’s partial liquidation to manage risks more effectively than traditional mechanisms.
Proposal to vest 0.5% of $FLUID supply to compensate affected ETH-USDC LPs and provide monthly rewards until DEX v2 launch, leveraging treasury holdings amid rising governance revenue to support pool experimentation.
The Fluid team is evaluating native and third-party bridges like LayerZero, Socket, Axelar, and Wormhole for deploying $FLUID liquidity to L2s such as Arbitrum, focusing on security to avoid exploits, decentralization to minimize trust assumptions, and liquidity management to prevent fragmentation from wrapped assets.
FLUID is the governance token of the Fluid DAO, allowing holders to vote on protocol upgrades, risk parameters, fee settings, treasury spending, revenue allocation, and potential value accrual mechanisms in Fluid’s unified liquidity layer
FLUID holders can create governance proposals, all holders are able to participate in governance. The DAO sets protocol fees, controls treasury, controls IP, and sets risk parameters
Fluid DAO has control over DAO treasury
DAO has control over revenue decisions
Fluid Reserve & structured buyback program is live
Value Accrues through dynamic buybacks
All generated revenue accrues to the Fluid DAO
Portion of fees are deployed to buy back FLUID
No dividend or revenue distribution is currently active
No burn mechanism is currently active
An is required to view token usage.
An is required to view token unlocks.
Tracking 4 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabFLUID-ETH | $2.25m | 0% | 0% | 0% | |||||
| open in new tabFLUID-ETH | $224,168 | 0% | 0% | 0% | |||||
| open in new tabFLUID-ETH | $222,427 | 0% | 0% | 0% | |||||
| open in new tabFLUID-WETH1% | $26,197 | 0% | 0% | 0% |
