Ask about Metastable · freeProtocol Information
A decentralized stablecoin built on Sui
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Metastable history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 20, 2025 to Oct 27, 2026.
All-time high TVL: $11.41m on Jul 18, 2025. All-time low TVL: $334,120 on Sep 16, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $371,439 |
| Sep 29, 2026 | $361,755 |
| Sep 30, 2026 | $361,379 |
| Oct 1, 2026 | $363,688 |
| Oct 2, 2026 | $364,916 |
| Oct 3, 2026 | $363,321 |
| Oct 4, 2026 | $350,970 |
| Oct 5, 2026 | $369,714 |
| Oct 6, 2026 | $368,517 |
| Oct 7, 2026 | $363,189 |
| Oct 8, 2026 | $357,751 |
| Oct 9, 2026 | $350,368 |
| Oct 10, 2026 | $352,213 |
| Oct 11, 2026 | $339,540 |
| Oct 12, 2026 | $357,118 |
| Oct 13, 2026 | $348,732 |
| Oct 14, 2026 | $352,384 |
| Oct 15, 2026 | $335,067 |
| Oct 16, 2026 | $349,643 |
| Oct 17, 2026 | $347,851 |
| Oct 18, 2026 | $345,264 |
| Oct 19, 2026 | $345,566 |
| Oct 20, 2026 | $343,805 |
| Oct 21, 2026 | $347,964 |
| Oct 22, 2026 | $350,743 |
| Oct 23, 2026 | $343,486 |
| Oct 24, 2026 | $342,416 |
| Oct 25, 2026 | $340,750 |
| Oct 26, 2026 | $338,438 |
| Oct 27, 2026 | $338,482 |
TVL at each month end, Jan 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jan 31, 2025 | $4.15m |
| Feb 28, 2025 | $4.16m |
| Mar 31, 2025 | $3.79m |
| Apr 30, 2025 | $4.28m |
| May 31, 2025 | $5.76m |
| Jun 30, 2025 | $8.61m |
| Jul 31, 2025 | $10.29m |
| Aug 31, 2025 | $9.1m |
| Sep 30, 2025 | $10.15m |
| Oct 31, 2025 | $10.56m |
| Nov 30, 2025 | $7.42m |
| Dec 31, 2025 | $7.74m |
| Jan 31, 2026 | $6.01m |
| Feb 28, 2026 | $4.81m |
| Mar 31, 2026 | $4.49m |
| Apr 30, 2026 | $4.47m |
| May 31, 2026 | $1.8m |
| Jun 30, 2026 | $1.44m |
| Jul 31, 2026 | $1.54m |
| Aug 31, 2026 | $379,171 |
| Sep 30, 2026 | $361,379 |
| Oct 27, 2026 (latest) | $338,482 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/metastable
Frequently asked questions
What is Metastable's TVL?
As of Oct 27, 2026, Metastable has $339,356 in total value locked. TVL has decreased 6.8% over the past 30 days.
What chains does Metastable operate on?
Metastable operates on Sui. Sui holds the largest share at 100%.
How does Metastable's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Metastable ranks #57 by TVL. The category holds $7.385b across 200 protocols, and Metastable accounts for <0.1% of that total. Similar protocols include Bucket Protocol V2, Bucket CDP, Weiss Finance, Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, and Reservoir Protocol.