Ask about Nexus Mutual · freeTotal Value Locked$95m
TVL by Chain
Ethereum$95m
Key Metrics
Fees 30d$160,311
Fees 30d by chain
Ethereum$160,311
Fees 7d$10,259
Ethereum$10,259
Fees 24h$907
Ethereum$907
Cumulative Fees$17.44m
Ethereum$35.45m
Revenue 30d$80,157
Revenue 30d by chain
Ethereum$80,157
Revenue 7d$5,131
Ethereum$5,131
Revenue 24h$454
Ethereum$454
Cumulative Revenue$8.72m
Ethereum$17.72m
Holders Revenue 30d$80,157
Holders Revenue 30d by chain
Ethereum$80,157
Holders Revenue 7d$5,131
Ethereum$5,131
Holders Revenue 24h$454
Ethereum$454
Cumulative Holders Revenue$8.72m
Ethereum$17.72m
Market Cap$93.76m
$NXM Price$59.62
Fully Diluted Valuation$93.76m
$NXM Volume 24h$0
CEX Volume$0
DEX Volume$0
Treasury$15.6m
Majors$159,661
Stablecoins$13.79m
Own Tokens$1.63m
Others$9,519
Total Raised$2.96m
Apr 4, 2018$260,000Round: SeedInvestors: KR1
Feb 16, 2021$2.7mRound: Investors: 1Confirmation, Blockchain Capital, Collider Ventures, Dialectic, Placeholder, Version One Ventures, Accomplice
Protocol Information
Nexus Mutual offers decentralized cover against smart contract failure.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All premiums paid by members to buy cover insurance minus paid claims. could be negative on some daysView code on GitHubRevenue: 50% of premiums retained in the capital poolView code on GitHubHolders Revenue: 50% of premiums retained in the capital pool, benefiting all NXM HoldersView code on GitHubTreasury: Value of tokens owned by the protocolHacks
Date: Dec 14, 2020
Amount: $8m
Classification: Frontend & Infrastructure
Technique: Key Leaked via Infrastructure
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Nexus Mutual history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 23, 2019 to Oct 27, 2026.
All-time high TVL: $780.58m on Nov 9, 2021. All-time low TVL: $22 on May 23, 2019.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $113.7m |
| Sep 29, 2026 | $114.44m |
| Sep 30, 2026 | $113.63m |
| Oct 1, 2026 | $114.09m |
| Oct 2, 2026 | $114.89m |
| Oct 3, 2026 | $114.11m |
| Oct 4, 2026 | $114.15m |
| Oct 5, 2026 | $115.2m |
| Oct 6, 2026 | $115.03m |
| Oct 7, 2026 | $114.01m |
| Oct 8, 2026 | $110.17m |
| Oct 9, 2026 | $107.12m |
| Oct 10, 2026 | $107.4m |
| Oct 11, 2026 | $107.86m |
| Oct 12, 2026 | $108.73m |
| Oct 13, 2026 | $105.34m |
| Oct 14, 2026 | $107.3m |
| Oct 15, 2026 | $104.82m |
| Oct 16, 2026 | $99.16m |
| Oct 17, 2026 | $98.77m |
| Oct 18, 2026 | $97.99m |
| Oct 19, 2026 | $98.49m |
| Oct 20, 2026 | $97.44m |
| Oct 21, 2026 | $99.17m |
| Oct 22, 2026 | $100.17m |
| Oct 23, 2026 | $97.33m |
| Oct 24, 2026 | $97.22m |
| Oct 25, 2026 | $96.33m |
| Oct 26, 2026 | $95.3m |
| Oct 27, 2026 | $94.76m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $279.46m |
| Dec 31, 2024 | $252.52m |
| Jan 31, 2025 | $235.08m |
| Feb 28, 2025 | $163.69m |
| Mar 31, 2025 | $125.37m |
| Apr 30, 2025 | $120.49m |
| May 31, 2025 | $158m |
| Jun 30, 2025 | $150.29m |
| Jul 31, 2025 | $210.57m |
| Aug 31, 2025 | $228.55m |
| Sep 30, 2025 | $208.69m |
| Oct 31, 2025 | $180.95m |
| Nov 30, 2025 | $141.22m |
| Dec 31, 2025 | $140.24m |
| Jan 31, 2026 | $127.55m |
| Feb 28, 2026 | $94.57m |
| Mar 31, 2026 | $98.09m |
| Apr 30, 2026 | $105.12m |
| May 31, 2026 | $92.94m |
| Jun 30, 2026 | $75.9m |
| Jul 31, 2026 | $87.92m |
| Aug 31, 2026 | $106.67m |
| Sep 30, 2026 | $113.63m |
| Oct 27, 2026 (latest) | $94.76m |
TVL at each year end, Dec 31, 2019 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2019 | $1.61m |
| Dec 31, 2020 | $122.01m |
| Dec 31, 2021 | $573.83m |
| Dec 31, 2022 | $165.24m |
| Dec 31, 2023 | $231.87m |
| Dec 31, 2024 | $252.52m |
| Dec 31, 2025 | $140.24m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $562,844 | $281,423 | $281,423 |
| Dec 2024 | $1.25m | $627,451 | $627,451 |
| Jan 2025 | $700,356 | $350,178 | $350,178 |
| Feb 2025 | $648,381 | $324,190 | $324,190 |
| Mar 2025 | $482,076 | $241,039 | $241,039 |
| Apr 2025 | $551,211 | $275,606 | $275,606 |
| May 2025 | $280,127 | $140,062 | $140,062 |
| Jun 2025 | $440,252 | $220,125 | $220,125 |
| Jul 2025 | $240,598 | $120,300 | $120,300 |
| Aug 2025 | $395,038 | $197,517 | $197,517 |
| Sep 2025 | $584,819 | $292,409 | $292,409 |
| Oct 2025 | $375,525 | $187,765 | $187,765 |
| Nov 2025 | $279,563 | $139,785 | $139,785 |
| Dec 2025 | $344,878 | $172,437 | $172,437 |
| Jan 2026 | $401,484 | $200,743 | $200,743 |
| Feb 2026 | $320,011 | $160,004 | $160,004 |
| Mar 2026 | $187,471 | $93,738 | $93,738 |
| Apr 2026 | $307,214 | $153,606 | $153,606 |
| May 2026 | $277,053 | $138,526 | $138,526 |
| Jun 2026 | $238,926 | $119,462 | $119,462 |
| Jul 2026 | $470,404 | $235,205 | $235,205 |
| Aug 2026 | $126,145 | $63,072 | $63,072 |
| Sep 2026 | $104,410 | $52,204 | $52,204 |
| Oct 2026 (to date) | $148,524 | $74,264 | $74,264 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/nexus-mutual
Frequently asked questions
What is Nexus Mutual's TVL?
As of Oct 27, 2026, Nexus Mutual has $95m in total value locked. TVL has decreased 17.1% over the past 30 days.
What chains does Nexus Mutual operate on?
Nexus Mutual operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Nexus Mutual generated in fees and revenue?
Over the past 30 days, Nexus Mutual generated $160,311 in fees. Of that, $80,157 was protocol revenue. Based on the trailing year, the annualized rate is $3.3m in fees and $1.65m in revenue.
What is the NXM token price and valuation?
NXM is currently trading at $59.62. Its circulating market capitalization is $93.76m, ranking it #407. Its fully diluted valuation is $93.76m. Supply currently stands at 1.57m circulating, 1.57m total supply.
How has NXM performed recently?
NXM is down 2.8% over the past 7 days and down 13.3% over the past 30 days. Its all-time high is $185.97, reached on Nov 10, 2021. The token is currently 67.9% below that level.
How does Nexus Mutual's TVL compare to similar protocols?
Among Insurance protocols tracked by DefiLlama, Nexus Mutual ranks #1 by TVL. The category holds $175.46m across 33 protocols, and Nexus Mutual accounts for 54.2% of that total. Similar protocols include Easedefi.org, Unslashed, Ensuro, Cozy Earn, Cover Protocol, iTrust Finance, Ante Finance, Sherlock, InsurAce, and InsureDAO.
Does Nexus Mutual have a treasury?
Nexus Mutual has a tracked treasury currently valued at $15.6m. Its holdings include $13.79m in stablecoins, $159,661 in major assets, $1.63m in its own tokens, $9,519 in other assets.
Has Nexus Mutual ever been exploited?
Nexus Mutual has 1 recorded security incident. The most recent incident occurred on Dec 14, 2020 and involved $8m. It was classified as Frontend & Infrastructure.