Ask about Mellow Protocol · freeTotal Value Locked$280.74m
TVL by Chain
Ethereum$278.36m
Rootstock$1.14m
Robinhood Chain$1.01m
Mezo$191,967
Monad$15,636
BSC$12,836
Polygon$6,085
Lisk$3,590
Base$213
Fraxtal$24
Polygon zkEVM$0
Key Metrics
Fees 30d$2.27m
Fees 30d by chain
Ethereum$1.97m
Lisk$265,809
BSC$28,349
Fraxtal$27
Monad$0
Fees 7d$476,523
Ethereum$459,879
BSC$13,277
Lisk$3,367
Fraxtal$0
Monad$0
Fees 24h$49,734
Ethereum$49,734
BSC$0
Fraxtal$0
Lisk$0
Monad$0
Cumulative Fees$10.92m
Ethereum$10.45m
Lisk$434,992
BSC$35,969
Monad$398
Fraxtal$27
Revenue 30d$155,430
Revenue 30d by chain
Ethereum$155,430
BSC$0
Fraxtal$0
Lisk$0
Monad$0
Revenue 7d$38,830
Ethereum$38,830
BSC$0
Fraxtal$0
Lisk$0
Monad$0
Revenue 24h$4,522
Ethereum$4,522
BSC$0
Fraxtal$0
Lisk$0
Monad$0
Cumulative Revenue$695,576
Ethereum$695,528
Monad$48
BSC$0
Fraxtal$0
Lisk$0
Total Raised$2.75m
Aug 25, 2022$2.75mRound: SeedInvestors: Robot Ventures, Arrington XRP Capital, ParaFi Capital, P2P Capital, Lemniscap, Focus Labs, Principle Ventures, Primitive Ventures, NEMO Ventures, Darren Lau, Daryl Lau, Santiago Roel Santos, Jamis Johnson, Igor Barinov, Ivangbi, Mariano Conti, Molly
Nov 5, 2025Round: Investors: Cyber Fund
Protocol Information
Mellow is yield vault infrastructure for institutions, neobanks, fintechs, and asset issuers, powering Lido Earn and bespoke vaults deployed under partner brands. Core Vaults are the current architecture for new deployments; Mellow Restaking and Mellow Yield track earlier products that remain live.
- Mellow CoreOnchain Capital Allocator
- Mellow RestakingLiquid Restaking
- Mellow YieldYield Aggregator
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Yields
Pools Tracked3
Average Supply APY6.27%
Mellow Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 29, 2022 to Oct 28, 2026.
All-time high TVL: $916.17m on Dec 7, 2024. All-time low TVL: $23 on Jul 29, 2022.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $307.48m |
| Sep 30, 2026 | $297.82m |
| Oct 1, 2026 | $301.11m |
| Oct 2, 2026 | $303.87m |
| Oct 3, 2026 | $300.15m |
| Oct 4, 2026 | $306.99m |
| Oct 5, 2026 | $305.5m |
| Oct 6, 2026 | $299.42m |
| Oct 7, 2026 | $297.9m |
| Oct 8, 2026 | $286.39m |
| Oct 9, 2026 | $280.05m |
| Oct 10, 2026 | $283.65m |
| Oct 11, 2026 | $285.16m |
| Oct 12, 2026 | $290.91m |
| Oct 13, 2026 | $279.36m |
| Oct 14, 2026 | $287.28m |
| Oct 15, 2026 | $279.29m |
| Oct 16, 2026 | $289.18m |
| Oct 17, 2026 | $286.71m |
| Oct 18, 2026 | $283.76m |
| Oct 19, 2026 | $283.04m |
| Oct 20, 2026 | $281.17m |
| Oct 21, 2026 | $286.98m |
| Oct 22, 2026 | $287.14m |
| Oct 23, 2026 | $277.62m |
| Oct 24, 2026 | $280.06m |
| Oct 25, 2026 | $277.85m |
| Oct 26, 2026 | $275.2m |
| Oct 27, 2026 | $277.33m |
| Oct 28, 2026 | $280.05m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $834.31m |
| Dec 31, 2024 | $663.51m |
| Jan 31, 2025 | $440.97m |
| Feb 28, 2025 | $311.08m |
| Mar 31, 2025 | $225.8m |
| Apr 30, 2025 | $223.57m |
| May 31, 2025 | $332.93m |
| Jun 30, 2025 | $303.46m |
| Jul 31, 2025 | $469.29m |
| Aug 31, 2025 | $446.61m |
| Sep 30, 2025 | $404.83m |
| Oct 31, 2025 | $341.15m |
| Nov 30, 2025 | $235.28m |
| Dec 31, 2025 | $287.67m |
| Jan 31, 2026 | $269.65m |
| Feb 28, 2026 | $172.9m |
| Mar 31, 2026 | $470.04m |
| Apr 30, 2026 | $336.06m |
| May 31, 2026 | $150.05m |
| Jun 30, 2026 | $203.62m |
| Jul 31, 2026 | $216.55m |
| Aug 31, 2026 | $269.27m |
| Sep 30, 2026 | $297.82m |
| Oct 28, 2026 (latest) | $280.05m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $1.23m |
| Dec 31, 2023 | $332,693 |
| Dec 31, 2024 | $663.51m |
| Dec 31, 2025 | $287.67m |
Fees and revenue by UTC calendar month, Feb 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Feb 2025 | $12,978 | $0 |
| Mar 2025 | $32,890 | $0 |
| Apr 2025 | $27,025 | $0 |
| May 2025 | $46,974 | $0 |
| Jun 2025 | $57,444 | $0 |
| Jul 2025 | $4,397 | $0 |
| Aug 2025 | $0 | $0 |
| Sep 2025 | $39,520 | $1 |
| Oct 2025 | $152,477 | $56 |
| Nov 2025 | $284,895 | $32,699 |
| Dec 2025 | $589,478 | $98,540 |
| Jan 2026 | $588,467 | $111,431 |
| Feb 2026 | $260,030 | $49,761 |
| Mar 2026 | $704,950 | $31,344 |
| Apr 2026 | $770,651 | $1,287 |
| May 2026 | $329,695 | $469 |
| Jun 2026 | $759,283 | $274.33 |
| Jul 2026 | $1.11m | $131,178 |
| Aug 2026 | $1.28m | $227 |
| Sep 2026 | $2.12m | $97,950 |
| Oct 2026 (to date) | $1.8m | $144,880 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/mellow-protocol
Frequently asked questions
What is Mellow Protocol's TVL?
As of Oct 28, 2026, Mellow Protocol has $280.74m in total value locked. TVL has decreased 8.6% over the past 30 days.
What chains does Mellow Protocol operate on?
Mellow Protocol operates on 11 chains: Ethereum, Polygon, Base, Polygon zkEVM, and BSC and 6 others. Ethereum holds the largest share at 99.1%.
How much has Mellow Protocol generated in fees and revenue?
Over the past 30 days, Mellow Protocol generated $2.27m in fees. Of that, $155,430 was protocol revenue. Based on the trailing year, the annualized rate is $10.58m in fees and $697,437 in revenue.
Which protocols are included in Mellow Protocol?
Mellow Protocol is a parent protocol whose tracked products include Mellow Core, Mellow Restaking, and Mellow Yield.
How many yield pools does Mellow Protocol have?
DefiLlama tracks 3 Mellow Protocol yield pools with an average APY of 6.3%.