Ask about Re · freeTotal Value Locked$468.7m
TVL by Chain
Ethereum$464.36m
Base$4.32m
Arbitrum$6,714
Avalanche$5,065
Key Metrics
Fees 30d$1.97m
Fees 30d by chain
Ethereum$1.95m
Arbitrum$11,579
Base$3,002
Avalanche$2,644
Fees 7d$503,746
Ethereum$499,467
Arbitrum$2,991
Base$686
Avalanche$602
Fees 24h$74,070
Ethereum$73,377
Arbitrum$510
Base$99
Avalanche$84
Cumulative Fees$12.8m
Ethereum$12.52m
Avalanche$239,039
Base$40,554
Arbitrum$13,903
Revenue 30d$3,624
Revenue 30d by chain
Ethereum$3,624
Arbitrum$0
Avalanche$0
Base$0
Revenue 7d$3.35
Ethereum$3.35
Arbitrum$0
Avalanche$0
Base$0
Revenue 24h$0
Arbitrum$0
Avalanche$0
Base$0
Ethereum$0
Cumulative Revenue$165,208
Ethereum$156,762
Avalanche$7,783
Base$641.71
Arbitrum$21
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$162,715
Earnings 30d$3,624
Earnings 7d$3.35
Earnings 24h$0
Cumulative Earnings$165,208
Market Cap$57.17m
$RE Price$0.36
Fully Diluted Valuation$358.2m
Outstanding FDV$311.59m
$RE Volume 24h$13.04m
CEX Volume$6.71m
DEX Volume$5.96m(45.69% of total)
Total Raised$14m
Sep 28, 2022$14mRound: SeedInvestors: Tribe Capital, Defy, Exor, Stratos, Morgan Creek Digital, SiriusPoint, Framework Ventures
Jun 17, 2026Round: StrategicInvestors: Coinbase Ventures
Protocol Information
Re is a decentralized reinsurance protocol that bridges real-world insurance risk on-chain. It pools capital through stablecoins, issues tokenized receipt assets (reUSD, reUSDe), and allocates funds into regulated reinsurance contracts. Returns are generated from underwriting premiums and on-chain yield, with transparent reporting of collateral and performance.
Sub Category: Other Fixed Income
Audits:
Methodology
TVL: Value of the tokens in the custodian wallets + value of the tokens in redemption reserves + off-chain assets tracked via oracle (tracked as USDC)View code on GitHubFees: Yield accrued by reUSD and reUSDe, plus fees recorded in the fee vaultView code on GitHubRevenue: Fees recorded in the fee vaultView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked2
Average Supply APY9.27%
Competitors
Re history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 1, 2025 to Oct 27, 2026.
All-time high TVL: $467.49m on Oct 27, 2026. All-time low TVL: $84.51m on Dec 2, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $388.88m |
| Sep 29, 2026 | $390.37m |
| Sep 30, 2026 | $391.86m |
| Oct 1, 2026 | $392.24m |
| Oct 2, 2026 | $394.27m |
| Oct 3, 2026 | $394.13m |
| Oct 4, 2026 | $395.25m |
| Oct 5, 2026 | $398.25m |
| Oct 6, 2026 | $397.09m |
| Oct 7, 2026 | $397.9m |
| Oct 8, 2026 | $400.54m |
| Oct 9, 2026 | $400.35m |
| Oct 10, 2026 | $404.89m |
| Oct 11, 2026 | $408.47m |
| Oct 12, 2026 | $411.99m |
| Oct 13, 2026 | $414.92m |
| Oct 14, 2026 | $417.86m |
| Oct 15, 2026 | $431.69m |
| Oct 16, 2026 | $434.66m |
| Oct 17, 2026 | $441.18m |
| Oct 18, 2026 | $443.3m |
| Oct 19, 2026 | $445.24m |
| Oct 20, 2026 | $449.33m |
| Oct 21, 2026 | $450.64m |
| Oct 22, 2026 | $454.17m |
| Oct 23, 2026 | $458.14m |
| Oct 24, 2026 | $461.26m |
| Oct 25, 2026 | $464.15m |
| Oct 26, 2026 | $465.28m |
| Oct 27, 2026 | $467.49m |
TVL at each month end, Dec 2025 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2025 | $112.93m |
| Jan 31, 2026 | $123.86m |
| Feb 28, 2026 | $137.04m |
| Mar 31, 2026 | $165.77m |
| Apr 30, 2026 | $259.5m |
| May 31, 2026 | $281.54m |
| Jun 30, 2026 | $250.57m |
| Jul 31, 2026 | $260.15m |
| Aug 31, 2026 | $328.11m |
| Sep 30, 2026 | $391.86m |
| Oct 27, 2026 (latest) | $467.49m |
Fees and revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2025 | $442 | $0 |
| Jun 2025 | $6,834 | $0 |
| Jul 2025 | $22,387 | $0 |
| Aug 2025 | $65,168 | $0 |
| Sep 2025 | $104,983 | $0 |
| Oct 2025 | $229,892 | $3,108 |
| Nov 2025 | $357,706 | $24,609 |
| Dec 2025 | $440,885 | $1,540 |
| Jan 2026 | $789,942 | $15,634 |
| Feb 2026 | $645,045 | $6,945 |
| Mar 2026 | $943,195 | $13,678 |
| Apr 2026 | $1.1m | $24,881 |
| May 2026 | $1.17m | $12,360 |
| Jun 2026 | $1.24m | $38,534 |
| Jul 2026 | $1.1m | $6,916 |
| Aug 2026 | $1.24m | $6,463 |
| Sep 2026 | $1.62m | $6,917 |
| Oct 2026 (to date) | $1.8m | $3,624 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/re
Frequently asked questions
What is Re's TVL?
As of Oct 27, 2026, Re has $468.7m in total value locked. TVL has increased 20.5% over the past 30 days.
What chains does Re operate on?
Re operates on 4 chains: Ethereum, Base, Arbitrum, and Avalanche. Ethereum holds the largest share at 99.1%.
How much has Re generated in fees and revenue?
Over the past 30 days, Re generated $1.97m in fees. Of that, $3,624 was protocol revenue. Based on the trailing year, the annualized rate is $12.44m in fees and $162,715 in revenue.
What is the RE token price and valuation?
RE is currently trading at $0.36. Its circulating market capitalization is $57.17m, ranking it #535. Its fully diluted valuation is $358.2m. Supply currently stands at 159.6m circulating, 1b total supply, 1b maximum supply.
How has RE performed recently?
RE is down 4.7% over the past 7 days and down 27% over the past 30 days. Its all-time high is $1.08, reached on Jun 20, 2026. The token is currently 66.8% below that level.
How does Re's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Re ranks #2 by TVL. The category holds $4.149b across 176 protocols, and Re accounts for 11.3% of that total. Similar protocols include Sweep, Brickken, Tangible RWA, Theo Network thBill, Mountain Protocol, Boson Protocol, Florence Finance, Anemoy Capital, OpenTrade, and Plume Vaults.
How many yield pools does Re have?
DefiLlama tracks 2 Re yield pools with an average APY of 9.3%.