Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$11.3m

TVL by Chain

Ethereum$10.63m

Sonic$676,320.86

Key Metrics

Fees 30d$129,819.07
Fees 30d by chain

Ethereum$125,132.79

Sonic$4,687.89

Fees 7d$30,707.59

Ethereum$29,157.22

Sonic$1,550.8

Fees 24h$4,633

Ethereum$4,457

Sonic$176

Cumulative Fees$4.28m

Ethereum$4.26m

Sonic$15,143.94

Revenue 30d$120,296.96
Revenue 30d by chain

Ethereum$120,211.11

Sonic$86.78

Revenue 7d$27,582.59

Ethereum$27,542.22

Sonic$40.8

Revenue 24h$4,233

Ethereum$4,233

Sonic$0

Cumulative Revenue$4.26m

Ethereum$4.25m

Sonic$2,991.45

Holders Revenue 30d$0
Holders Revenue 30d by chain

Ethereum$0

Sonic$0

Holders Revenue 7d$0

Ethereum$0

Sonic$0

Holders Revenue 24h$0

Ethereum$0

Sonic$0

Cumulative Holders Revenue$0

Ethereum$0

Sonic$0

Market Cap$53.1m

$FT Price$0.1

All Time High$0.11

All Time Low$0.067

View $FT token page

$85.8m

$FT Volume 24h$218,615

CEX Volume$111,624

DEX Volume$118,926.17(54.4% of total)

Active Loans$4.02m

Treasury$49.04m

$11.02m

Stablecoins$37.93m

Own Tokens$3,007.67

Others$85,840.8

Total Raised$431.5m

Sep 29, 2025$200mRound: SeedInvestors: Brevan Howard, DWF Labs, CoinFund, Hypersphere Ventures, Lemniscap, Selini Capital, Nascent, Tioga Capital, FalconX, Sigil Fund, Virtuals Protocol, Republic Digital

Jan 29, 2026$25.5mRound: Series AInvestors: Amber Group, Fasanara Capital, Paper Ventures

Feb 23, 2026$206mRound: Public token sale

Protocol Information

Flying Tulip is a unified onchain financial system spanning ftUSD, lending, spot trading, derivatives, insurance, collateral management, and settlement.

WebsiteTwitterSafe Harbor Agreement
Categories:LendingYield AggregatorServices
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Flying Tulip Yield - Yield generated from deposited assets in Flying Tulip wrappers + marketplace fees from PUT trades.View code on GitHubFlying Tulip Lend - Sum of (a) borrower interest accrued across every Lend reserve, (b) leverage trading fees from LeverageRfqEngine open/close/collateral-swap events, and (c) RFQ liquidation fees from RfqEngine.View code on GitHubFlying Tulip ftUSD - Mint and redeem fees charged by the ftUSD MintAndRedeem engine on every mint/redeem, summed from Minted and Redeemed events.View code on GitHub

Revenue:

Flying Tulip Yield - Protocol revenue from claimed yield.View code on GitHubFlying Tulip Lend - 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 GitHubFlying Tulip ftUSD - All ftUSD mint/redeem fees are sent to the Flying Tulip treasury via sweepFees, so revenue equals fees.View code on GitHub
Holders Revenue: View code on GitHub

Yields

Pools Tracked2

Average Supply APY9.95%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $11.3m in total value locked. TVL has decreased 15.4% over the past 30 days.

What chains does Flying Tulip operate on?

Flying Tulip operates on 2 chains: Ethereum and Sonic. Ethereum holds the largest share at 94%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $129,819.07 in fees. Of that, $120,296.96 was protocol revenue. Based on the trailing year, the annualized rate is $6.66m in fees and $6.63m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.1. Its circulating market capitalization is $53.14m, ranking it #580. Its fully diluted valuation is $85.86m. Supply currently stands at 525.02m circulating, 848.35m total supply, 848.35m maximum supply.

How has FT performed recently?

FT is up 0.2% over the past 7 days and up 2.9% over the past 30 days. Its all-time high is $0.11, reached on Jun 10, 2026. The token is currently 8.8% below that level.

Which protocols are included in Flying Tulip?

Flying Tulip is a parent protocol whose tracked products include Flying Tulip Lend, Flying Tulip ftUSD, and Flying Tulip Yield.

How much has been borrowed through Flying Tulip?

Flying Tulip currently has $4.02m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $49.04m. Its holdings include $37.93m in stablecoins, $11.02m in major assets, $3,007.67 in its own tokens, $85,840.8 in other assets.