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Dual Finance(DUAL)

Total Value Locked$213,250

TVL by Chain

Solana$213,250

The chart plots Staking as its own series; it is not part of the TVL above.

Key Metrics

Staked$213,250

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Protocol Information

Incentive Liquidity Infrastructure. Provides token communities with sustainable ways to generate value & token liquidity from their treasuries. Through liquid option based incentives, tools and services, Dual Finance unleashes participation in decentralized communities

Category:Options

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Dual Finance history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Apr 26, 2022 to Oct 27, 2026.

All-time high TVL: $16.72m on Mar 5, 2024. All-time low TVL: $1 on Jul 12, 2022.

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

DateTVL
Sep 28, 2026$259,583
Sep 29, 2026$252,845
Sep 30, 2026$262,618
Oct 1, 2026$271,314
Oct 2, 2026$268,517
Oct 3, 2026$264,230
Oct 4, 2026$262,219
Oct 5, 2026$274,643
Oct 6, 2026$265,609
Oct 7, 2026$261,194
Oct 8, 2026$252,198
Oct 9, 2026$243,394
Oct 10, 2026$249,095
Oct 11, 2026$247,172
Oct 12, 2026$250,803
Oct 13, 2026$242,706
Oct 14, 2026$242,541
Oct 15, 2026$236,607
Oct 16, 2026$235,327
Oct 17, 2026$229,446
Oct 18, 2026$225,322
Oct 19, 2026$223,938
Oct 20, 2026$226,915
Oct 21, 2026$232,705
Oct 22, 2026$224,334
Oct 23, 2026$223,849
Oct 24, 2026$218,216
Oct 25, 2026$219,047
Oct 26, 2026$212,497
Oct 27, 2026$216,614

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$5.8m
Dec 31, 2024$3.75m
Jan 31, 2025$3.38m
Feb 28, 2025$2.33m
Mar 31, 2025$2.44m
Apr 30, 2025$2.65m
May 31, 2025$2.65m
Jun 30, 2025$2.25m
Jul 31, 2025$2.87m
Aug 31, 2025$2.3m
Sep 30, 2025$2.33m
Oct 31, 2025$2.01m
Nov 30, 2025$1.92m
Dec 31, 2025$2.12m
Jan 31, 2026$521,305
Feb 28, 2026$429,160
Mar 31, 2026$425,922
Apr 30, 2026$453,694
May 31, 2026$418,058
Jun 30, 2026$368,761
Jul 31, 2026$200,148
Aug 31, 2026$218,147
Sep 30, 2026$262,618
Oct 27, 2026 (latest)$216,614

TVL at each year end, Dec 31, 2022 to Dec 31, 2025

DateTVL
Dec 31, 2022$251,229
Dec 31, 2023$8.14m
Dec 31, 2024$3.75m
Dec 31, 2025$2.12m

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

Frequently asked questions

What is Dual Finance's TVL?

As of Oct 27, 2026, Dual Finance has $213,250 in total value locked. TVL has decreased 18.5% over the past 30 days.

What chains does Dual Finance operate on?

Dual Finance operates on Solana. Solana holds the largest share at 100%.

How does Dual Finance's TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Dual Finance ranks #20 by TVL. The category holds $206.03m across 73 protocols, and Dual Finance accounts for 0.1% of that total. Similar protocols include PsyOptions, Cega V1, Derive V3 Options, Hegic, Deri V4, Panoptic V2, Ribbon Earn, Opyn Gamma, Hypercall, and SOFA.org.