Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$11.53m

TVL by Chain

Ethereum$10.85m

Sonic$679,021.51

Key Metrics

Fees 30d$130,309.98
Fees 30d by chain

Ethereum$125,680.75

Sonic$4,630.79

Fees 7d$30,452.06

Ethereum$28,881.79

Sonic$1,570.7

Fees 24h$3,472.33

Ethereum$3,281

Sonic$192.33

Cumulative Fees$4.27m

Ethereum$4.26m

Sonic$14,969.43

Revenue 30d$121,061.48
Revenue 30d by chain

Ethereum$120,965.11

Sonic$97.29

Revenue 7d$27,342.06

Ethereum$27,299.79

Sonic$42.7

Revenue 24h$3,061.33

Ethereum$3,059

Sonic$2.33

Cumulative Revenue$4.25m

Ethereum$4.25m

Sonic$2,991.94

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$53.89m

$FT Price$0.1

All Time High$0.11

All Time Low$0.067

View $FT token page

$87.05m

$FT Volume 24h$251,765

CEX Volume$113,149

DEX Volume$146,686.35(58.26% of total)

Active Loans$4.03m

Treasury$49.16m

$11.17m

Stablecoins$37.93m

Own Tokens$3,047.78

Others$53,673.04

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 APY9.48%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $11.53m in total value locked. TVL has decreased 13.8% 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 94.1%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $130,309.98 in fees. Of that, $121,061.48 was protocol revenue. Based on the trailing year, the annualized rate is $6.69m in fees and $6.66m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.1. Its circulating market capitalization is $53.49m, ranking it #576. Its fully diluted valuation is $86.39m. Supply currently stands at 525.24m circulating, 848.36m total supply, 848.36m maximum supply.

How has FT performed recently?

FT is up 1.9% over the past 7 days and up 3.7% over the past 30 days. Its all-time high is $0.11, reached on Jun 10, 2026. The token is currently 8.7% 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 $4.03m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $49.16m. Its holdings include $37.93m in stablecoins, $11.17m in major assets, $3,047.78 in its own tokens, $53,673.04 in other assets.