Ask about Enzyme Finance · freeTotal Value Locked$93.28m
TVL by Chain
Ethereum$85.45m
Polygon$6.25m
Arbitrum$1.57m
Key Metrics
Fees 30d$22,201
Fees 30d by chain
Ethereum$22,201
Fees 7d$1,545
Ethereum$1,545
Fees 24h$69
Ethereum$69
Cumulative Fees$108,179
Ethereum$108,179
Revenue 30d$22,201
Revenue 30d by chain
Ethereum$22,201
Revenue 7d$1,545
Ethereum$1,545
Revenue 24h$69
Ethereum$69
Cumulative Revenue$108,179
Ethereum$108,179
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Market Cap$4.37m
$MLN Price$1.33
Fully Diluted Valuation$4.37m
$MLN Volume 24h$37,375
CEX Volume$548,954
DEX Volume$20,184(54% of total)
Protocol Information
Fast & cost-effective way to build, scale and monetize investment strategies.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Includes all the fees recieved by fee recipient for index managementView code on GitHubRevenue: All the fees are revenueView code on GitHubHolders Revenue: View code on GitHubCompetitors
Enzyme Finance history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 19, 2021 to Oct 27, 2026.
All-time high TVL: $247.66m on Dec 7, 2024. All-time low TVL: $13.69m on Mar 16, 2022.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $98.9m |
| Sep 29, 2026 | $98.5m |
| Sep 30, 2026 | $98.67m |
| Oct 1, 2026 | $98.26m |
| Oct 2, 2026 | $99.45m |
| Oct 3, 2026 | $98.96m |
| Oct 4, 2026 | $99.41m |
| Oct 5, 2026 | $100.77m |
| Oct 6, 2026 | $102.28m |
| Oct 7, 2026 | $101.93m |
| Oct 8, 2026 | $98.7m |
| Oct 9, 2026 | $96.31m |
| Oct 10, 2026 | $96.85m |
| Oct 11, 2026 | $97.4m |
| Oct 12, 2026 | $98.34m |
| Oct 13, 2026 | $95.28m |
| Oct 14, 2026 | $97.09m |
| Oct 15, 2026 | $94.85m |
| Oct 16, 2026 | $95.64m |
| Oct 17, 2026 | $95.95m |
| Oct 18, 2026 | $95.4m |
| Oct 19, 2026 | $95.59m |
| Oct 20, 2026 | $95.27m |
| Oct 21, 2026 | $96.93m |
| Oct 22, 2026 | $97.14m |
| Oct 23, 2026 | $94.8m |
| Oct 24, 2026 | $94.22m |
| Oct 25, 2026 | $93.78m |
| Oct 26, 2026 | $92.91m |
| Oct 27, 2026 | $92.82m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $209.88m |
| Dec 31, 2024 | $147.03m |
| Jan 31, 2025 | $141m |
| Feb 28, 2025 | $106.95m |
| Mar 31, 2025 | $88.36m |
| Apr 30, 2025 | $93.52m |
| May 31, 2025 | $118.66m |
| Jun 30, 2025 | $114.21m |
| Jul 31, 2025 | $155.62m |
| Aug 31, 2025 | $169.29m |
| Sep 30, 2025 | $164.75m |
| Oct 31, 2025 | $148.25m |
| Nov 30, 2025 | $128.29m |
| Dec 31, 2025 | $123.69m |
| Jan 31, 2026 | $107.56m |
| Feb 28, 2026 | $84.06m |
| Mar 31, 2026 | $80.76m |
| Apr 30, 2026 | $89.46m |
| May 31, 2026 | $84.99m |
| Jun 30, 2026 | $74.43m |
| Jul 31, 2026 | $85.68m |
| Aug 31, 2026 | $90.16m |
| Sep 30, 2026 | $98.67m |
| Oct 27, 2026 (latest) | $92.82m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $124.91m |
| Dec 31, 2022 | $36.93m |
| Dec 31, 2023 | $136.4m |
| Dec 31, 2024 | $147.03m |
| Dec 31, 2025 | $123.69m |
Fees, revenue and holders revenue by UTC calendar month, Jan 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jan 2026 | $7,403 | $7,403 | $0 |
| Feb 2026 | $7,206 | $7,206 | $0 |
| Mar 2026 | $7,430 | $7,430 | $0 |
| Apr 2026 | $19,563 | $19,563 | $0 |
| May 2026 | $10,551 | $10,551 | $0 |
| Jun 2026 | $6,394 | $6,394 | $0 |
| Jul 2026 | $8,549 | $8,549 | $0 |
| Aug 2026 | $8,595 | $8,595 | $0 |
| Sep 2026 | $27,734 | $27,734 | $0 |
| Oct 2026 (to date) | $4,823 | $4,823 | $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/enzyme-finance
Frequently asked questions
What is Enzyme Finance's TVL?
As of Oct 27, 2026, Enzyme Finance has $93.28m in total value locked. TVL has decreased 5.6% over the past 30 days.
What chains does Enzyme Finance operate on?
Enzyme Finance operates on 3 chains: Ethereum, Polygon, and Arbitrum. Ethereum holds the largest share at 91.6%.
How much has Enzyme Finance generated in fees and revenue?
Over the past 30 days, Enzyme Finance generated $22,201 in fees. Of that, $22,201 was protocol revenue. Based on the trailing year, the annualized rate is $133,849 in fees and $133,849 in revenue.
What is the MLN token price and valuation?
MLN is currently trading at $1.34. Its circulating market capitalization is $4.39m, ranking it #2,084. Its fully diluted valuation is $4.39m. Supply currently stands at 3.28m circulating, 3.28m total supply.
How has MLN performed recently?
MLN is down 4.5% over the past 7 days and down 14% over the past 30 days. Its all-time high is $258.26, reached on Jan 3, 2018. The token is currently 99.5% below that level.
How does Enzyme Finance's TVL compare to similar protocols?
Among Indexes protocols tracked by DefiLlama, Enzyme Finance ranks #2 by TVL. The category holds $300.99m across 75 protocols, and Enzyme Finance accounts for 31% of that total. Similar protocols include Chamber Vaults, Nested, Reserve Protocol, Index Coop, LOCKON, SHPRD, Arch, xWin Finance, WeDeFin, and DeHive.