Ask about ETH Strategy · freeTotal Value Locked$3.88m
TVL by Chain
Ethereum$3.88m
Key Metrics
Market Cap$1.31m
$STRAT Price$0.18
Fully Diluted Valuation$7.36m
$STRAT Volume 24h$79.66
CEX Volume$0
DEX Volume$79.66(100% of total)
Treasury$3.76m
Majors$3.72m
Stablecoins$31,909
Own Tokens$0
Others$0.00056
Total Raised$46.5m
Jul 29, 2025$46.5mRound: Pre-token Sale
Protocol Information
ETH Strategy is a treasury accumulation protocol designed to provide leveraged exposure to Ethereum (ETH) without the traditional risks associated with margin liquidations or volatility decay
Methodology
TVL: Calculates total USDS TVL from ESPN contract totalAssets() only.View code on GitHubTreasury: Value of tokens owned by the protocolCompetitors
ETH Strategy history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 6, 2025 to Oct 27, 2026.
All-time high TVL: $4.28m on Nov 15, 2025. All-time low TVL: $3.29m on Nov 11, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $3.88m |
| Sep 29, 2026 | $3.88m |
| Sep 30, 2026 | $3.88m |
| Oct 1, 2026 | $3.88m |
| Oct 2, 2026 | $3.88m |
| Oct 3, 2026 | $3.88m |
| Oct 4, 2026 | $3.88m |
| Oct 5, 2026 | $3.88m |
| Oct 6, 2026 | $3.88m |
| Oct 7, 2026 | $3.88m |
| Oct 8, 2026 | $3.88m |
| Oct 9, 2026 | $3.87m |
| Oct 10, 2026 | $3.88m |
| Oct 11, 2026 | $3.88m |
| Oct 12, 2026 | $3.88m |
| Oct 13, 2026 | $3.88m |
| Oct 14, 2026 | $3.88m |
| Oct 15, 2026 | $3.88m |
| Oct 16, 2026 | $3.88m |
| Oct 17, 2026 | $3.88m |
| Oct 18, 2026 | $3.88m |
| Oct 19, 2026 | $3.88m |
| Oct 20, 2026 | $3.88m |
| Oct 21, 2026 | $3.88m |
| Oct 22, 2026 | $3.88m |
| Oct 23, 2026 | $3.88m |
| Oct 24, 2026 | $3.88m |
| Oct 25, 2026 | $3.88m |
| Oct 26, 2026 | $3.88m |
| Oct 27, 2026 | $3.88m |
TVL at each month end, Nov 2025 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $3.72m |
| Dec 31, 2025 | $3.8m |
| Jan 31, 2026 | $3.82m |
| Feb 28, 2026 | $3.81m |
| Mar 31, 2026 | $3.89m |
| Apr 30, 2026 | $3.89m |
| May 31, 2026 | $3.89m |
| Jun 30, 2026 | $3.88m |
| Jul 31, 2026 | $3.88m |
| Aug 31, 2026 | $3.88m |
| Sep 30, 2026 | $3.88m |
| Oct 27, 2026 (latest) | $3.88m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/eth-strategy
Frequently asked questions
What is ETH Strategy's TVL?
As of Oct 27, 2026, ETH Strategy has $3.88m in total value locked. TVL has increased <0.1% over the past 30 days.
What chains does ETH Strategy operate on?
ETH Strategy operates on Ethereum. Ethereum holds the largest share at 100%.
What is the STRAT token price and valuation?
STRAT is currently trading at $0.18. Its circulating market capitalization is $1.31m, ranking it #3,135. Its fully diluted valuation is $7.36m. Supply currently stands at 7.49m circulating, 41.98m total supply.
How has STRAT performed recently?
STRAT is down 2.2% over the past 7 days and up 10.2% over the past 30 days. Its all-time high is $0.88, reached on Aug 24, 2025. The token is currently 80% below that level.
How does ETH Strategy's TVL compare to similar protocols?
Among Onchain Capital Allocator protocols tracked by DefiLlama, ETH Strategy ranks #31 by TVL. The category holds $9.374b across 85 protocols, and ETH Strategy accounts for <0.1% of that total. Similar protocols include Spark Liquidity Layer, Veda, Grove Finance, Concrete, Upshift, ether.fi Liquid, Mellow Core, Aera V3, Lagoon, and IPOR Fusion.
Does ETH Strategy have a treasury?
ETH Strategy has a tracked treasury currently valued at $3.76m. Its holdings include $31,909 in stablecoins, $3.72m in major assets, $0.00056 in other assets.