Ask about Nawa Protocol · freeProtocol Information
Nawa Finance is a Shariah-compliant yield protocol. Its flagship stable vaults accept USDT on Ethereum and USDC on ZIGChain and issue onchain vault shares, with yield generated from a real-economy remittance financing and private credit strategy curated by ZIGMarkets
Sub Category: Private Credit
Audits:
Methodology
TVL: ZigChain: TVL is the sum of (1) the Nawa Zig vault AUM reported as stZIG, and (2) the Nawa USDC vault AUM (oracle-reported USD value of capital deployed off-chain via Zignaly into a cross-chain private credit position), reported as USDC. Core: TVL is calculated by 1) unwrapping Bitflux LP tokens held by Nawa Solv Vault V2 to their underlying assets (e.g. SolvBTC.CORE, WBTC, SolvBTC.b) based on pool reserves and total supply, and 2) tracking dualCore token holdings in the Core vault address. Ethereum: TVL is the USDT held on behalf of users by the Nawa USDT Vault, taken as the sum of assets backing live shares (latestAum), assets committed to pending redemptions (pendingRedemptionAum) and funded payouts awaiting claim (totalClaimable), reported as USDT.View code on GitHubYields
Pools Tracked1
Average Supply APY9.32%
Competitors
Nawa Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 25, 2025 to Oct 27, 2026.
All-time high TVL: $51.01m on Jul 23, 2025. All-time low TVL: $119,390 on Jul 8, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $4m |
| Sep 29, 2026 | $4.01m |
| Sep 30, 2026 | $4.01m |
| Oct 1, 2026 | $4.01m |
| Oct 2, 2026 | $4m |
| Oct 3, 2026 | $4m |
| Oct 4, 2026 | $4m |
| Oct 5, 2026 | $4.01m |
| Oct 6, 2026 | $4.01m |
| Oct 7, 2026 | $4.01m |
| Oct 8, 2026 | $4.01m |
| Oct 9, 2026 | $4.01m |
| Oct 10, 2026 | $4.01m |
| Oct 11, 2026 | $4.01m |
| Oct 12, 2026 | $4.01m |
| Oct 13, 2026 | $4.01m |
| Oct 14, 2026 | $4.01m |
| Oct 15, 2026 | $4.01m |
| Oct 16, 2026 | $4.02m |
| Oct 17, 2026 | $4.02m |
| Oct 18, 2026 | $4.02m |
| Oct 19, 2026 | $4.02m |
| Oct 20, 2026 | $4.02m |
| Oct 21, 2026 | $4.02m |
| Oct 22, 2026 | $4.02m |
| Oct 23, 2026 | $4.02m |
| Oct 24, 2026 | $4.02m |
| Oct 25, 2026 | $4.02m |
| Oct 26, 2026 | $4.03m |
| Oct 27, 2026 | $4.02m |
TVL at each month end, Apr 2025 to Oct 2026
| Date | TVL |
|---|---|
| Apr 30, 2025 | $38.88m |
| May 31, 2025 | $42.43m |
| Jun 30, 2025 | $44.51m |
| Jul 31, 2025 | $50.07m |
| Aug 31, 2025 | $11.02m |
| Sep 30, 2025 | $10.92m |
| Oct 31, 2025 | $931,515 |
| Nov 30, 2025 | $439,109 |
| Dec 31, 2025 | $521,522 |
| Jan 31, 2026 | $592,796 |
| Feb 28, 2026 | $538,360 |
| Mar 31, 2026 | $331,395 |
| Apr 30, 2026 | $239,145 |
| May 31, 2026 | $4.1m |
| Jun 30, 2026 | $4.13m |
| Jul 31, 2026 | $4.12m |
| Aug 31, 2026 | $3.99m |
| Sep 30, 2026 | $4.01m |
| Oct 27, 2026 (latest) | $4.02m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/nawa-protocol
Frequently asked questions
What is Nawa Protocol's TVL?
As of Oct 27, 2026, Nawa Protocol has $4.03m in total value locked. TVL has increased 0.6% over the past 30 days.
What chains does Nawa Protocol operate on?
Nawa Protocol operates on 3 chains: ZIGChain, Ethereum, and CORE. ZIGChain holds the largest share at 86.1%.
How does Nawa Protocol's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Nawa Protocol ranks #41 by TVL. The category holds $4.114b across 176 protocols, and Nawa Protocol accounts for 0.1% of that total. Similar protocols include Ethena USDtb, Re, Huma, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, Ember, and Usual USD0.
How many yield pools does Nawa Protocol have?
DefiLlama tracks 1 Nawa Protocol yield pool with an average APY of 9.3%.