Ask about Balancer · freeTotal Value Locked$37.78m
TVL by Chain
Ethereum$28.53m
Monad$3.14m
Polygon$2.4m
Arbitrum$1.71m
Base$746,990
Hyperliquid L1$427,021
OP Mainnet$349,045
Gnosis$265,665
Avalanche$154,707
Plasma$27,709
Mode$18,608
Fraxtal$11,502
Polygon zkEVM$0
Key Metrics
Fees 30d$129,518
Fees 30d by chain
Ethereum$73,044
Polygon$26,749
Monad$13,483
Arbitrum$7,862
Base$5,943
OP Mainnet$977.74
Gnosis$734.93
Avalanche$582.77
Hyperliquid L1$119.71
Plasma$11.67
Mode$6.47
Fraxtal$1.84
Fees 7d$15,568
Ethereum$8,904
Monad$2,354
Base$1,390
Arbitrum$1,232
Polygon$1,142
OP Mainnet$279.67
Gnosis$154.79
Hyperliquid L1$66.74
Avalanche$41.42
Plasma$1.79
Mode$0.91
Fraxtal$0.34
Fees 24h$1,700
Ethereum$775.97
Monad$419
Base$189
Polygon$137
Arbitrum$122
OP Mainnet$21.46
Gnosis$20.35
Hyperliquid L1$10
Avalanche$4.55
Plasma$0.48
Fraxtal$0.06
Mode$0.01
Cumulative Fees$301.78m
Ethereum$279.14m
Polygon$7.1m
Arbitrum$5.01m
Base$4.34m
Gnosis$2.75m
Plasma$1.36m
Avalanche$924,911
OP Mainnet$859,714
Monad$206,166
Hyperliquid L1$60,891
Mode$22,684
Fraxtal$5,210
Polygon zkEVM$7
Revenue 30d$46,832
Revenue 30d by chain
Ethereum$25,649
Polygon$13,374
Arbitrum$2,741
Monad$2,138
Base$2,100
Gnosis$362.51
OP Mainnet$243.84
Avalanche$188.90
Hyperliquid L1$27.90
Mode$3.23
Plasma$1.59
Fraxtal$0.91
Revenue 7d$4,346
Ethereum$2,402
Polygon$571
Base$493.58
Arbitrum$378
Monad$319
OP Mainnet$77.16
Gnosis$76.70
Hyperliquid L1$15.72
Avalanche$11.92
Mode$0.45
Plasma$0.22
Fraxtal$0.17
Revenue 24h$469
Ethereum$209
Base$82.16
Polygon$69
Monad$55
Arbitrum$36
Gnosis$10.07
OP Mainnet$5.15
Hyperliquid L1$1.33
Avalanche$1.22
Plasma$0.06
Fraxtal$0.03
Mode$0.01
Cumulative Revenue$64.61m
Ethereum$54.62m
Polygon$3.55m
Arbitrum$2.17m
Base$1.8m
Gnosis$1.28m
Plasma$459,753
OP Mainnet$390,872
Avalanche$289,579
Monad$26,274
Hyperliquid L1$16,738
Mode$11,345
Fraxtal$2,606
Polygon zkEVM$277
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Avalanche$0
Base$0
Ethereum$0
Fraxtal$0
Gnosis$0
Hyperliquid L1$0
Mode$0
Monad$0
OP Mainnet$0
Plasma$0
Polygon$0
Holders Revenue 7d$0
Arbitrum$0
Avalanche$0
Base$0
Ethereum$0
Fraxtal$0
Gnosis$0
Hyperliquid L1$0
Mode$0
Monad$0
OP Mainnet$0
Plasma$0
Polygon$0
Holders Revenue 24h$0
Arbitrum$0
Avalanche$0
Base$0
Ethereum$0
Fraxtal$0
Gnosis$0
Hyperliquid L1$0
Mode$0
Monad$0
OP Mainnet$0
Plasma$0
Polygon$0
Cumulative Holders Revenue$39.92m
Ethereum$33.56m
Polygon$2.11m
Arbitrum$1.34m
Base$1.27m
Gnosis$800,137
Plasma$378,885
OP Mainnet$243,490
Avalanche$198,450
Hyperliquid L1$11,490
Mode$6,967
Monad$3,535
Fraxtal$1,602
Polygon zkEVM$170.35
Incentives 1y$886,885
Incentives 30d$34.89
Incentives 7d$11.05
Incentives 24h$0
Cumulative Incentives$416.5m
Earnings (Annualized)$946,185
Earnings 30d$46,797
Earnings 7d$4,335
Earnings 24h$469
Cumulative Earnings-$351.9m
DEX Volume 30d$139.75m
DEX Volume 30d by chain
Polygon$43.99m
Monad$39.68m
Ethereum$35.69m
Arbitrum$12.58m
Base$5.47m
Gnosis$1.01m
OP Mainnet$895,691
Avalanche$327,143
Hyperliquid L1$87,444
Plasma$8,322
Fraxtal$3,502
Mode$2,628
DEX Volume 7d$14.59m
Ethereum$4.98m
Monad$3.05m
Arbitrum$3.02m
Base$1.33m
Polygon$996,876
Gnosis$681,792
OP Mainnet$443,248
Hyperliquid L1$52,349
Avalanche$27,734
Plasma$2,424
Fraxtal$652
Mode$366.34
DEX Volume 24h$1.88m
Ethereum$761,002
Monad$434,258
Base$265,522
Arbitrum$240,688
Polygon$94,145
OP Mainnet$62,829
Gnosis$9,023
Hyperliquid L1$8,089
Avalanche$6,829
Plasma$626
Fraxtal$108
Mode$5.34
Cumulative DEX Volume$133.614b
Ethereum$109.956b
Polygon$8.406b
Arbitrum$7.573b
Gnosis$2.99b
Base$2.386b
Plasma$924.7m
Avalanche$648.13m
Monad$596.51m
Hyperliquid L1$35.81m
OP Mainnet$32.99m
Fraxtal$28.79m
Polygon zkEVM$26.03m
Mode$11.21m
Market Cap$8.38m
$BAL Price$0.12
Fully Diluted Valuation$8.68m
Outstanding FDV$8.68m
$BAL Volume 24h$9,831
CEX Volume$268,811
DEX Volume$9,982(101.53% of total)
Treasury$9.54m
Majors$1.91m
Stablecoins$3.43m
Own Tokens$457,639
Others$3.74m
Total Raised$39.25m
Mar 24, 2020$3mRound: SeedInvestors: Accomplice, Placeholder, CoinFund, Inflection
Nov 9, 2020$7mRound: Series AInvestors: Pantera Capital, Alameda Research, Accomplice
Feb 10, 2021$5mRound: Investors: DeFiance Capital, 3AC
May 27, 2021$24.25mRound: Investors: Blockchain Capital, FinTech Collective, Longhash Ventures, Fenbushi Capital, Continue Capital, Kain Warwick
Protocol Information
Balancer is a decentralized automated market maker (AMM) protocol built on Ethereum that represents a flexible building block for programmable liquidity.
- Balancer V2Dexs
- Balancer V3Dexs
- Balancer V1Dexs
- Balancer CoW AMMDexs
Yields
Pools Tracked145
Average Supply APY2.76%
User Activity
Active Addresses (24h)34
New Addresses (24h)0
Transactions (24h)489
Gas Used (24h)30 ETH
Gas Cost (24h)$9.11
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Hacks
Date: Aug 27, 2023
Protocol: Balancer V2
Amount: $800,000
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Sep 19, 2023
Protocol: Balancer V2
Amount: $238,000
Classification: Frontend & Infrastructure
Technique: Frontend Compromise
Chains: Ethereum
Target Type: DeFi Protocol
Date: Nov 3, 2025
Protocol: Balancer V2
Amount: $128m
Classification: Token & Share Accounting
Technique: Rounding Error
Chains: Ethereum, Arbitrum, Base, Polygon, Sonic, Optimism
Language: Solidity
Target Type: DeFi Protocol
Date: Aug 30, 2026
Protocol: Balancer V1
Amount: $234,000
Classification: Token & Share Accounting
Technique: Rounding Error
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Sep 9, 2026
Protocol: Balancer V1
Amount: $250,000
Classification: Protocol Logic
Technique: Swap Logic Flaw
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Balancer history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 29, 2020 to Oct 29, 2026.
All-time high TVL: $3.315b on Nov 5, 2021. All-time low TVL: $98 on Mar 13, 2020.
Daily TVL, Sep 30, 2026 to Oct 29, 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $58.33m |
| Oct 1, 2026 | $58.21m |
| Oct 2, 2026 | $58.14m |
| Oct 3, 2026 | $58.4m |
| Oct 4, 2026 | $49.39m |
| Oct 5, 2026 | $49.73m |
| Oct 6, 2026 | $49.22m |
| Oct 7, 2026 | $48.09m |
| Oct 8, 2026 | $46.86m |
| Oct 9, 2026 | $45.15m |
| Oct 10, 2026 | $45.34m |
| Oct 11, 2026 | $45.53m |
| Oct 12, 2026 | $45.36m |
| Oct 13, 2026 | $44.81m |
| Oct 14, 2026 | $45.57m |
| Oct 15, 2026 | $43.48m |
| Oct 16, 2026 | $44.25m |
| Oct 17, 2026 | $43.36m |
| Oct 18, 2026 | $43.24m |
| Oct 19, 2026 | $43.58m |
| Oct 20, 2026 | $43.3m |
| Oct 21, 2026 | $43.74m |
| Oct 22, 2026 | $43.53m |
| Oct 23, 2026 | $42.25m |
| Oct 24, 2026 | $40.53m |
| Oct 25, 2026 | $40.51m |
| Oct 26, 2026 | $40m |
| Oct 27, 2026 | $39.63m |
| Oct 28, 2026 | $39.43m |
| Oct 29, 2026 | $37.83m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.001b |
| Dec 31, 2024 | $1.069b |
| Jan 31, 2025 | $1.045b |
| Feb 28, 2025 | $765.37m |
| Mar 31, 2025 | $649.09m |
| Apr 30, 2025 | $654.82m |
| May 31, 2025 | $778.88m |
| Jun 30, 2025 | $762.7m |
| Jul 31, 2025 | $886.73m |
| Aug 31, 2025 | $949.8m |
| Sep 30, 2025 | $962.54m |
| Oct 31, 2025 | $779.1m |
| Nov 30, 2025 | $255.56m |
| Dec 31, 2025 | $248.52m |
| Jan 31, 2026 | $258.65m |
| Feb 28, 2026 | $173.7m |
| Mar 31, 2026 | $142.16m |
| Apr 30, 2026 | $105.9m |
| May 31, 2026 | $89.69m |
| Jun 30, 2026 | $61.98m |
| Jul 31, 2026 | $62.1m |
| Aug 31, 2026 | $64.11m |
| Sep 30, 2026 | $58.33m |
| Oct 29, 2026 (latest) | $37.83m |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $577.94m |
| Dec 31, 2021 | $2.413b |
| Dec 31, 2022 | $873.82m |
| Dec 31, 2023 | $942.55m |
| Dec 31, 2024 | $1.069b |
| Dec 31, 2025 | $248.52m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $3.33m | $1.65m | $1.01m |
| Dec 2024 | $6.4m | $3.17m | $1.95m |
| Jan 2025 | $3.65m | $1.79m | $1.1m |
| Feb 2025 | $2.62m | $1.25m | $774,990 |
| Mar 2025 | $1.7m | $769,844 | $482,725 |
| Apr 2025 | $1.42m | $632,375 | $406,606 |
| May 2025 | $2.16m | $922,835 | $612,732 |
| Jun 2025 | $1.56m | $587,535 | $379,786 |
| Jul 2025 | $2.01m | $761,736 | $497,038 |
| Aug 2025 | $2.1m | $847,414 | $566,523 |
| Sep 2025 | $2.14m | $775,372 | $564,896 |
| Oct 2025 | $3.1m | $1.13m | $829,074 |
| Nov 2025 | $1.02m | $371,847 | $267,691 |
| Dec 2025 | $608,607 | $210,499 | $146,984 |
| Jan 2026 | $531,336 | $152,428 | $110,405 |
| Feb 2026 | $595,741 | $206,287 | $142,740 |
| Mar 2026 | $377,499 | $105,042 | $74,623 |
| Apr 2026 | $681,502 | $216,365 | $120,752 |
| May 2026 | $560,003 | $151,243 | $0 |
| Jun 2026 | $245,447 | $53,099 | $0 |
| Jul 2026 | $259,253 | $105,712 | $0 |
| Aug 2026 | $203,520 | $56,781 | $0 |
| Sep 2026 | $217,381 | $83,838 | $0 |
| Oct 2026 (to date) | $112,165 | $39,864 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/balancer
Frequently asked questions
What is Balancer's TVL?
As of Oct 29, 2026, Balancer has $37.78m in total value locked. TVL has decreased 35.2% over the past 30 days.
What chains does Balancer operate on?
Balancer operates on 13 chains: Ethereum, Polygon, Arbitrum, Base, and Gnosis and 8 others. Ethereum holds the largest share at 75.5%.
How much has Balancer generated in fees and revenue?
Over the past 30 days, Balancer generated $129,518 in fees. Of that, $46,832 was protocol revenue. Based on the trailing year, the annualized rate is $5.66m in fees and $1.83m in revenue.
What is the BAL token price and valuation?
BAL is currently trading at $0.12. Its circulating market capitalization is $8.61m, ranking it #1,687. Its fully diluted valuation is $8.93m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is up 0.4% over the past 7 days and down 6.7% over the past 30 days. Its all-time high is $74.45, reached on May 4, 2021. The token is currently 99.8% below that level.
How does Balancer's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Balancer ranks #32 by TVL. The category holds $13.515b across 1,922 protocols, and Balancer accounts for 0.3% of that total. Similar protocols include Curve DEX, Uniswap V3, WOOFi Swap, Uniswap V4, SushiSwap V3, SushiSwap, Wombat Exchange, Gyroscope Protocol, Archly V2, and Uniswap V2.
How much trading volume does Balancer process?
Balancer processed $139.75m in DEX volume over the past 30 days.
Does Balancer have a treasury?
Balancer has a tracked treasury currently valued at $9.54m. Its holdings include $3.43m in stablecoins, $1.91m in major assets, $457,639 in its own tokens, $3.74m in other assets.
Has Balancer ever been exploited?
Balancer has 5 recorded security incidents. The most recent incident occurred on Sep 9, 2026 and involved $250,000. It was classified as Protocol Logic.