Ask about Phiat Protocol · freeTotal Value Locked$524,334
TVL by Chain
PulseChain$524,334
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Market Cap$0
$PHIAT Price$0.0036
Fully Diluted Valuation$182,821
$PHIAT Volume 24h$0.99
CEX Volume$0
DEX Volume$0(0% of total)
Staked$137,005
Active Loans$804,494
Protocol Information
An Aave v2 fork on PulseChain with noval design of risk control and governance token staking
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubCompetitors
Phiat Protocol history
TVL is the default DefiLlama definition, which excludes Staking and Active Loans. Daily values are UTC snapshots from Sep 30, 2023 to Oct 27, 2026.
All-time high TVL: $11.72m on Dec 9, 2024. All-time low TVL: $482,615 on Oct 18, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $915,142 |
| Sep 29, 2026 | $874,593 |
| Sep 30, 2026 | $886,410 |
| Oct 1, 2026 | $848,369 |
| Oct 2, 2026 | $788,933 |
| Oct 3, 2026 | $825,745 |
| Oct 4, 2026 | $720,766 |
| Oct 5, 2026 | $770,371 |
| Oct 6, 2026 | $784,169 |
| Oct 7, 2026 | $790,586 |
| Oct 8, 2026 | $816,885 |
| Oct 9, 2026 | $805,486 |
| Oct 10, 2026 | $838,791 |
| Oct 11, 2026 | $862,591 |
| Oct 12, 2026 | $878,643 |
| Oct 13, 2026 | $825,327 |
| Oct 14, 2026 | $831,411 |
| Oct 15, 2026 | $536,445 |
| Oct 16, 2026 | $515,811 |
| Oct 17, 2026 | $529,303 |
| Oct 18, 2026 | $482,615 |
| Oct 19, 2026 | $500,343 |
| Oct 20, 2026 | $507,255 |
| Oct 21, 2026 | $528,430 |
| Oct 22, 2026 | $540,562 |
| Oct 23, 2026 | $1.02m |
| Oct 24, 2026 | $524,120 |
| Oct 25, 2026 | $521,745 |
| Oct 26, 2026 | $520,247 |
| Oct 27, 2026 | $521,732 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $10.53m |
| Dec 31, 2024 | $7.19m |
| Jan 31, 2025 | $7.03m |
| Feb 28, 2025 | $5.71m |
| Mar 31, 2025 | $3.27m |
| Apr 30, 2025 | $4.19m |
| May 31, 2025 | $4.9m |
| Jun 30, 2025 | $4.24m |
| Jul 31, 2025 | $7.32m |
| Aug 31, 2025 | $5.84m |
| Sep 30, 2025 | $5.26m |
| Oct 31, 2025 | $4.44m |
| Nov 30, 2025 | $2.94m |
| Dec 31, 2025 | $2.73m |
| Jan 31, 2026 | $2.59m |
| Feb 28, 2026 | $2.12m |
| Mar 31, 2026 | $2.05m |
| Apr 30, 2026 | $1.94m |
| May 31, 2026 | $1.84m |
| Jun 30, 2026 | $1.75m |
| Jul 31, 2026 | $2.18m |
| Aug 31, 2026 | $1.13m |
| Sep 30, 2026 | $886,410 |
| Oct 27, 2026 (latest) | $521,732 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $3.68m |
| Dec 31, 2024 | $7.19m |
| Dec 31, 2025 | $2.73m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/phiat-protocol
Frequently asked questions
What is Phiat Protocol's TVL?
As of Oct 27, 2026, Phiat Protocol has $524,334 in total value locked. TVL has decreased 41.9% over the past 30 days.
What chains does Phiat Protocol operate on?
Phiat Protocol operates on PulseChain. PulseChain holds the largest share at 100%.
What is the PHIAT token price and valuation?
PHIAT is currently trading at $0.0036. Its circulating market capitalization is $0, ranking it #18,380. Its fully diluted valuation is $182,821. Supply currently stands at 0 circulating, 50.49m total supply.
How has PHIAT performed recently?
PHIAT is up 8.9% over the past 7 days and down 33.7% over the past 30 days. Its all-time high is $6.58, reached on Aug 21, 2026. The token is currently 99.9% below that level.
How does Phiat Protocol's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Phiat Protocol ranks #151 by TVL. The category holds $52.378b across 518 protocols, and Phiat Protocol accounts for <0.1% of that total. Similar protocols include BetterLend, BetterBank, Nexion Lending, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Hyperliquid Earn, and Compound V3.
How much has been borrowed through Phiat Protocol?
As of Oct 27, 2026, Phiat Protocol has $804,494 in active loans.