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Cyclo

Total Value Locked$161,674

TVL by Chain

Flare$161,674

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Protocol Information

Cyclo enables users to access leverage by locking collateral and minting tradable tokens, without relying on lending pools, interest rates, or liquidation risks

Category:Derivatives

Audits:

Methodology

TVL: Total value locked in Cyclo vaults.View code on GitHub

Competitors

Cyclo history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 10, 2024 to Oct 27, 2026.

All-time high TVL: $1.06m on Sep 25, 2025. All-time low TVL: $29 on Dec 10, 2024.

Daily TVL, Sep 28, 2026 to Oct 27, 2026

DateTVL
Sep 28, 2026$194,040
Sep 29, 2026$189,257
Sep 30, 2026$198,634
Oct 1, 2026$196,232
Oct 2, 2026$192,788
Oct 3, 2026$188,502
Oct 4, 2026$188,673
Oct 5, 2026$192,167
Oct 6, 2026$189,794
Oct 7, 2026$190,672
Oct 8, 2026$183,631
Oct 9, 2026$179,669
Oct 10, 2026$178,569
Oct 11, 2026$178,855
Oct 12, 2026$182,388
Oct 13, 2026$179,165
Oct 14, 2026$179,609
Oct 15, 2026$172,279
Oct 16, 2026$175,640
Oct 17, 2026$173,925
Oct 18, 2026$171,464
Oct 19, 2026$171,022
Oct 20, 2026$168,144
Oct 21, 2026$171,102
Oct 22, 2026$171,783
Oct 23, 2026$165,476
Oct 24, 2026$163,256
Oct 25, 2026$161,633
Oct 26, 2026$161,477
Oct 27, 2026$161,164

TVL at each month end, Dec 2024 to Oct 2026

DateTVL
Dec 31, 2024$58,417
Jan 31, 2025$505,119
Feb 28, 2025$533,825
Mar 31, 2025$368,113
Apr 30, 2025$482,626
May 31, 2025$584,443
Jun 30, 2025$535,224
Jul 31, 2025$680,222
Aug 31, 2025$758,672
Sep 30, 2025$1.03m
Oct 31, 2025$709,772
Nov 30, 2025$650,375
Dec 31, 2025$458,204
Jan 31, 2026$340,406
Feb 28, 2026$285,928
Mar 31, 2026$229,463
Apr 30, 2026$207,094
May 31, 2026$206,913
Jun 30, 2026$171,263
Jul 31, 2026$168,379
Aug 31, 2026$178,625
Sep 30, 2026$198,634
Oct 27, 2026 (latest)$161,164

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

Frequently asked questions

What is Cyclo's TVL?

As of Oct 27, 2026, Cyclo has $161,674 in total value locked. TVL has decreased 17.5% over the past 30 days.

What chains does Cyclo operate on?

Cyclo operates on Flare. Flare holds the largest share at 100%.

How does Cyclo's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Cyclo ranks #88 by TVL. The category holds $1.972b across 426 protocols, and Cyclo accounts for <0.1% of that total. Similar protocols include Flamix, Lynx, SparkDEX Perps, Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, and dYdX V4.