Total Value Locked$9.08m
TVL by Chain
Ethereum$7.55m
Sonic$1.49m
BSC$35,849
Key Metrics
Fees 30d$18,518
Fees 30d by chain
Ethereum$9,743
Sonic$8,775
BSC$1.72
Fees 7d$4,946
Sonic$2,871
Ethereum$2,075
BSC$0.84
Fees 24h$675
Sonic$387
Ethereum$288
BSC$0.21
Cumulative Fees$45,180
Sonic$23,878
Ethereum$21,299
BSC$2.01
Revenue 30d$199.75
Revenue 30d by chain
Sonic$128.80
Ethereum$70.48
BSC$0.49
Revenue 7d$22.98
Sonic$12.85
Ethereum$10.12
BSC$0.02
Revenue 24h$0.50
Sonic$0.50
BSC$0
Ethereum$0
Cumulative Revenue$370.08
Sonic$194.92
Ethereum$174.38
BSC$0.78
Holders Revenue 30d$0
Holders Revenue 30d by chain
BSC$0
Ethereum$0
Sonic$0
Holders Revenue 7d$0
BSC$0
Ethereum$0
Sonic$0
Holders Revenue 24h$0
BSC$0
Ethereum$0
Sonic$0
Cumulative Holders Revenue$0
BSC$0
Ethereum$0
Sonic$0
Market Cap$61.35m
$FT Price$0.13
Fully Diluted Valuation$65.15m
$FT Volume 24h$14,616
CEX Volume$0
DEX Volume$27,805(190.24% of total)
Active Loans$6.03m
Protocol Information
Flying Tulip Lend is a custom lending market live on Sonic and Ethereum.
Audits:
Methodology
TVL: TVL: for each Lend reserve, sums the underlying balance held at its ftYieldWrapperV2 plus the yield receipt (aToken, spToken, etc.) held by each of the wrapper's strategies, minus the position of ftUSD's Delta-Neutral strategy in ftUSD collateral tokens, which is counted under flying-tulip-ftusd. When ftUSD's position exceeds a reserve's idle cash, part of it is lent out, so that token can show a negative balance. Borrowed: sums outstanding debt per reserve via LendingLens.assetState.borrows.View code on GitHubFees: Estimated borrower interest using end-of-window debt and rates, plus measured leverage trading and RFQ liquidation fees.View code on GitHubRevenue: Leverage trading fees and RFQ liquidation fees flow to the Flying Tulip treasury via feeCollector and liqFeeCollector. Borrower interest does not retain a protocol cut on chain.View code on GitHubHolders Revenue: View code on GitHubCompetitors
Flying Tulip Lend history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from May 12, 2026 to Oct 27, 2026.
All-time high TVL: $12.42m on Aug 28, 2026. All-time low TVL: $2.17m on May 12, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $8.27m |
| Sep 29, 2026 | $8.17m |
| Sep 30, 2026 | $8.14m |
| Oct 1, 2026 | $8.26m |
| Oct 2, 2026 | $8.36m |
| Oct 3, 2026 | $8.34m |
| Oct 4, 2026 | $8.54m |
| Oct 5, 2026 | $8.7m |
| Oct 6, 2026 | $8.79m |
| Oct 7, 2026 | $8.72m |
| Oct 8, 2026 | $8.45m |
| Oct 9, 2026 | $8.19m |
| Oct 10, 2026 | $8.48m |
| Oct 11, 2026 | $8.66m |
| Oct 12, 2026 | $9.26m |
| Oct 13, 2026 | $9.13m |
| Oct 14, 2026 | $9.51m |
| Oct 15, 2026 | $9.26m |
| Oct 16, 2026 | $9.39m |
| Oct 17, 2026 | $9.3m |
| Oct 18, 2026 | $9.21m |
| Oct 19, 2026 | $9.26m |
| Oct 20, 2026 | $9.39m |
| Oct 21, 2026 | $9.66m |
| Oct 22, 2026 | $9.84m |
| Oct 23, 2026 | $9.33m |
| Oct 24, 2026 | $9.32m |
| Oct 25, 2026 | $9.17m |
| Oct 26, 2026 | $9.1m |
| Oct 27, 2026 | $9.13m |
TVL at each month end, May 2026 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2026 | $3.29m |
| Jun 30, 2026 | $7.09m |
| Jul 31, 2026 | $10.69m |
| Aug 31, 2026 | $11.01m |
| Sep 30, 2026 | $8.14m |
| Oct 27, 2026 (latest) | $9.13m |
Fees, revenue and holders revenue by UTC calendar month, Apr 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Apr 2026 | $157 | $0 | $0 |
| May 2026 | $1,261 | $0.25 | $0 |
| Jun 2026 | $2,830 | $0.01 | $0 |
| Jul 2026 | $3,663 | $18.02 | $0 |
| Aug 2026 | $7,089 | $63.65 | $0 |
| Sep 2026 | $13,787 | $94.31 | $0 |
| Oct 2026 (to date) | $17,069 | $194.39 | $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/flying-tulip-lend
Frequently asked questions
What is Flying Tulip Lend's TVL?
As of Oct 27, 2026, Flying Tulip Lend has $9.08m in total value locked. TVL has increased 13.4% over the past 30 days.
What chains does Flying Tulip Lend operate on?
Flying Tulip Lend operates on 3 chains: Ethereum, Sonic, and BSC. Ethereum holds the largest share at 83.1%.
How much has Flying Tulip Lend generated in fees and revenue?
Over the past 30 days, Flying Tulip Lend generated $18,518 in fees. Of that, $199.75 was protocol revenue. Based on the trailing year, the annualized rate is $87,717 in fees and $894.56 in revenue.
What is the FT token price and valuation?
FT is currently trading at $0.13. Its circulating market capitalization is $61.35m, ranking it #517. Its fully diluted valuation is $65.15m. Supply currently stands at 486.73m circulating, 516.88m total supply, 516.88m maximum supply.
How has FT performed recently?
FT is down 9.4% over the past 7 days and up 5.5% over the past 30 days. Its all-time high is $0.17, reached on Oct 12, 2026. The token is currently 25.3% below that level.
How does Flying Tulip Lend's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Flying Tulip Lend ranks #63 by TVL. The category holds $52.059b across 518 protocols, and Flying Tulip Lend accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Euler V2, Gearbox, Avalon Finance, Venus Core Pool, Lista Lending, Native Credit Pool, BiFi, and Unitus.
How much has been borrowed through Flying Tulip Lend?
As of Oct 27, 2026, Flying Tulip Lend has $6.03m in active loans.