Total Value Locked$6,171
TVL by Chain
Arbitrum$6,171
Key Metrics
Fees 30d$6
Fees 30d by chain
Arbitrum$6
Fees 7d$0
Arbitrum$0
Fees 24h$0
Arbitrum$0
Cumulative Fees$20,066
Arbitrum$20,066
Revenue 30d$6
Revenue 30d by chain
Arbitrum$6
Revenue 7d$0
Arbitrum$0
Revenue 24h$0
Arbitrum$0
Cumulative Revenue$20,066
Arbitrum$20,066
Holders Revenue 30d$6
Holders Revenue 30d by chain
Arbitrum$6
Holders Revenue 7d$0
Arbitrum$0
Holders Revenue 24h$0
Arbitrum$0
Cumulative Holders Revenue$20,066
Arbitrum$20,066
Market Cap$28,419
$HERMES Price$0.00018
Fully Diluted Valuation$112,756
$HERMES Volume 24h$0
CEX Volume$0
DEX Volume$0
Staked$0(0% of mcap)
Protocol Information
Creating deep unified omnichain concentrated liquidity.
Audits:
Methodology
TVL: The sum of All staked Uniswap V3 NFTs and burnt Hermes for staked TVL.View code on GitHubFees: All token transfers into MultiRewardsDepot contracts originating from pools and bribesView code on GitHubRevenue: 100% of fees distributed to governance token holders are revenue.View code on GitHubHolders Revenue: 100% of fees and bribes distributed to governance token holdersView code on GitHubCompetitors
Hermes V2 history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Dec 6, 2024 to Oct 27, 2026.
All-time high TVL: $516,772 on Dec 7, 2024. All-time low TVL: $2,500 on Oct 24, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $4,464 |
| Sep 29, 2026 | $7,236 |
| Sep 30, 2026 | $7,408 |
| Oct 1, 2026 | $7,420 |
| Oct 2, 2026 | $7,679 |
| Oct 3, 2026 | $8,020 |
| Oct 4, 2026 | $7,695 |
| Oct 5, 2026 | $7,350 |
| Oct 6, 2026 | $2,736 |
| Oct 7, 2026 | $2,864 |
| Oct 8, 2026 | $2,800 |
| Oct 9, 2026 | $2,740 |
| Oct 10, 2026 | $5,369 |
| Oct 11, 2026 | $5,349 |
| Oct 12, 2026 | $2,766 |
| Oct 13, 2026 | $2,698 |
| Oct 14, 2026 | $2,934 |
| Oct 15, 2026 | $4,329 |
| Oct 16, 2026 | $4,562 |
| Oct 17, 2026 | $4,551 |
| Oct 18, 2026 | $4,623 |
| Oct 19, 2026 | $4,864 |
| Oct 20, 2026 | $4,837 |
| Oct 21, 2026 | $4,869 |
| Oct 22, 2026 | $4,884 |
| Oct 23, 2026 | $4,644 |
| Oct 24, 2026 | $2,500 |
| Oct 25, 2026 | $6,882 |
| Oct 26, 2026 | $6,995 |
| Oct 27, 2026 | $6,396 |
TVL at each month end, Dec 2024 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $358,259 |
| Jan 31, 2025 | $277,119 |
| Feb 28, 2025 | $71,795 |
| Mar 31, 2025 | $58,605 |
| Apr 30, 2025 | $73,846 |
| May 31, 2025 | $144,617 |
| Jun 30, 2025 | $130,032 |
| Jul 31, 2025 | $138,756 |
| Aug 31, 2025 | $142,029 |
| Sep 30, 2025 | $139,275 |
| Oct 31, 2025 | $128,692 |
| Nov 30, 2025 | $78,585 |
| Dec 31, 2025 | $258,724 |
| Jan 31, 2026 | $60,767 |
| Feb 28, 2026 | $42,874 |
| Mar 31, 2026 | $19,790 |
| Apr 30, 2026 | $17,536 |
| May 31, 2026 | $16,012 |
| Jun 30, 2026 | $11,140 |
| Jul 31, 2026 | $11,908 |
| Aug 31, 2026 | $13,900 |
| Sep 30, 2026 | $7,408 |
| Oct 27, 2026 (latest) | $6,396 |
Fees, revenue and holders revenue by UTC calendar month, Jan 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jan 2025 | $38.28 | $38.28 | $38.28 |
| Feb 2025 | $801.13 | $801.13 | $801.13 |
| Mar 2025 | $550.55 | $550.55 | $550.55 |
| Apr 2025 | $708.10 | $708.10 | $708.10 |
| May 2025 | $1,602 | $1,602 | $1,602 |
| Jun 2025 | $1,931 | $1,931 | $1,931 |
| Jul 2025 | $2,068 | $2,068 | $2,068 |
| Aug 2025 | $1,528 | $1,528 | $1,528 |
| Sep 2025 | $412.45 | $412.45 | $412.45 |
| Oct 2025 | $997.92 | $997.92 | $997.92 |
| Nov 2025 | $518.36 | $518.36 | $518.36 |
| Dec 2025 | $7,605 | $7,605 | $7,605 |
| Jan 2026 | $651.77 | $651.77 | $651.77 |
| Feb 2026 | $256.41 | $256.41 | $256.41 |
| Mar 2026 | $67.14 | $67.14 | $67.14 |
| Apr 2026 | $30.03 | $30.03 | $30.03 |
| May 2026 | $21.82 | $21.82 | $21.82 |
| Jun 2026 | $35.10 | $35.10 | $35.10 |
| Jul 2026 | $44.46 | $44.46 | $44.46 |
| Aug 2026 | $83.28 | $83.28 | $83.28 |
| Sep 2026 | $112.64 | $112.64 | $112.64 |
| Oct 2026 (to date) | $2.78 | $2.78 | $2.78 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hermes-v2
Frequently asked questions
What is Hermes V2's TVL?
As of Oct 27, 2026, Hermes V2 has $6,171 in total value locked. TVL has decreased 16.1% over the past 30 days.
What chains does Hermes V2 operate on?
Hermes V2 operates on Arbitrum. Arbitrum holds the largest share at 100%.
How much has Hermes V2 generated in fees and revenue?
Over the past 30 days, Hermes V2 generated $6 in fees. Of that, $6 was protocol revenue. Based on the trailing year, the annualized rate is $9,610 in fees and $9,610 in revenue.
What is the HERMES token price and valuation?
HERMES is currently trading at $0.00018. Its circulating market capitalization is $28,419, ranking it #9,949. Its fully diluted valuation is $112,756. Supply currently stands at 160.24m circulating, 635.77m total supply.
How has HERMES performed recently?
HERMES is up 6.8% over the past 7 days and up 17.1% over the past 30 days. Its all-time high is $0.24, reached on Oct 18, 2022. The token is currently 99.9% below that level.
How does Hermes V2's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Hermes V2 ranks #294 by TVL. The category holds $4.618b across 569 protocols, and Hermes V2 accounts for <0.1% of that total. Similar protocols include Spark Savings, Pendle V2, Convex Finance, Stake DAO Yield, AUTOfinance, Zoo Finance, Royco V2, Equilibria, Spectra V2, and Aura.