Ask about Rubicon · freeTotal Value Locked$262,569
TVL by Chain
OP Mainnet$133,782
Base$110,296
Ethereum$16,039
Arbitrum$2,452
Key Metrics
Fees 30d$1,118
Fees 30d by chain
Base$585.93
Ethereum$532.56
Arbitrum$0
OP Mainnet$0
Fees 7d$197.19
Base$186.26
Ethereum$10.92
Arbitrum$0
OP Mainnet$0
Fees 24h$23.58
Base$23.25
Ethereum$0.33
Arbitrum$0
OP Mainnet$0
Cumulative Fees$6,846
Base$5,667
Ethereum$784.75
OP Mainnet$291
Arbitrum$104.68
Revenue 30d$206.12
Revenue 30d by chain
Base$117.75
Ethereum$88.37
Arbitrum$0
OP Mainnet$0
Revenue 7d$38.61
Base$36.79
Ethereum$1.82
Arbitrum$0
OP Mainnet$0
Revenue 24h$4.67
Base$4.61
Ethereum$0.06
Arbitrum$0
OP Mainnet$0
Cumulative Revenue$4,128
Base$3,595
OP Mainnet$291
Ethereum$137.49
Arbitrum$104.68
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Base$0
Ethereum$0
OP Mainnet$0
Holders Revenue 7d$0
Arbitrum$0
Base$0
Ethereum$0
OP Mainnet$0
Holders Revenue 24h$0
Arbitrum$0
Base$0
Ethereum$0
OP Mainnet$0
Cumulative Holders Revenue$0
Arbitrum$0
Base$0
Ethereum$0
OP Mainnet$0
DEX Volume 30d$1.22m
DEX Volume 30d by chain
Base$1.04m
Ethereum$177,462
Arbitrum$0
OP Mainnet$0
DEX Volume 7d$348,943
Base$345,282
Ethereum$3,661
Arbitrum$0
OP Mainnet$0
DEX Volume 24h$44,997
Base$44,886
Ethereum$111
Arbitrum$0
OP Mainnet$0
Cumulative DEX Volume$217.61m
OP Mainnet$198.55m
Base$16.98m
Arbitrum$1.78m
Ethereum$302,012
Market Cap$137,307
$RUBI Price$0.00016
Fully Diluted Valuation$1.58m
$RUBI Volume 24h$320.53
CEX Volume$0
DEX Volume$292.95(91.4% of total)
Treasury$379,256
Majors$5,029
Stablecoins$2,442
Own Tokens$371,775
Others$10.14
Total Raised$1.5m
Dec 16, 2021$1.5mRound: Seed
Protocol Information
An on-chain order book protocol for Ethereum. Built on leading L2 networks.
Sub Category: Order Book
Audits:
Methodology
TVL: Sums tokens locked across Rubicon's liquidity systems: Classic V1 (RubiconMarket order book plus Optimism bath-pool vaults), Aquila V2 (UniswapV2-fork AMM), and CLMM V3 (UniswapV3-fork concentrated liquidity).View code on GitHubFees: Total user-paid trading fees across all four systems: Aquila V2 = 30 bps × swap notional, CLMM V3 = per-pool tier (5/30/100 bps) × swap notional, Classic = 2 bps × take-event notional.View code on GitHubRevenue: Protocol cut: Aquila V2 ~5 bps (1/6 of LP fee) on OP/Arb/Base where factory.feeTo is set, 0 on mainnet; CLMM V3 read live per-pool per-timeslot from pool.slot0().feeProtocol (currently 1/6 on the Arbitrum and Base pools checked, 0 where the fee switch is off), so historical periods before any fee-switch change are attributed correctly; Classic 100% of the 2 bps taker fee.View code on GitHubHolders Revenue: Money going to governance token holdersView code on GitHubDEX Volume: Total daily trading volume across Rubicon's four systems: Aquila V2 (UniV2-fork AMM, Swap events on pairs), CLMM V3 (UniV3-fork concentrated liquidity, Swap events on pools), Classic (RubiconMarket order book, LogTake/emitTake events; currently dormant), and Gladius (UniswapX-fork RFQ reactor, Fill events resolved to filler→swapper ERC20 transfers).View code on GitHubTreasury: Value of tokens owned by the protocolYields
Pools Tracked5
Average Supply APY20.97%
Competitors
Rubicon history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 7, 2021 to Oct 27, 2026.
All-time high TVL: $14.53m on Feb 8, 2023. All-time low TVL: $130,729 on Aug 13, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $272,929 |
| Sep 29, 2026 | $270,425 |
| Sep 30, 2026 | $282,288 |
| Oct 1, 2026 | $282,592 |
| Oct 2, 2026 | $284,025 |
| Oct 3, 2026 | $282,074 |
| Oct 4, 2026 | $283,049 |
| Oct 5, 2026 | $284,748 |
| Oct 6, 2026 | $283,923 |
| Oct 7, 2026 | $283,158 |
| Oct 8, 2026 | $276,204 |
| Oct 9, 2026 | $270,750 |
| Oct 10, 2026 | $271,942 |
| Oct 11, 2026 | $272,268 |
| Oct 12, 2026 | $273,997 |
| Oct 13, 2026 | $268,466 |
| Oct 14, 2026 | $272,640 |
| Oct 15, 2026 | $266,846 |
| Oct 16, 2026 | $268,169 |
| Oct 17, 2026 | $266,855 |
| Oct 18, 2026 | $265,829 |
| Oct 19, 2026 | $266,445 |
| Oct 20, 2026 | $265,657 |
| Oct 21, 2026 | $268,803 |
| Oct 22, 2026 | $270,292 |
| Oct 23, 2026 | $265,097 |
| Oct 24, 2026 | $264,551 |
| Oct 25, 2026 | $263,272 |
| Oct 26, 2026 | $261,857 |
| Oct 27, 2026 | $261,126 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $469,347 |
| Dec 31, 2024 | $368,031 |
| Jan 31, 2025 | $311,734 |
| Feb 28, 2025 | $254,446 |
| Mar 31, 2025 | $218,837 |
| Apr 30, 2025 | $196,025 |
| May 31, 2025 | $210,961 |
| Jun 30, 2025 | $232,129 |
| Jul 31, 2025 | $332,664 |
| Aug 31, 2025 | $359,361 |
| Sep 30, 2025 | $314,306 |
| Oct 31, 2025 | $316,154 |
| Nov 30, 2025 | $279,944 |
| Dec 31, 2025 | $284,746 |
| Jan 31, 2026 | $242,082 |
| Feb 28, 2026 | $169,809 |
| Mar 31, 2026 | $172,823 |
| Apr 30, 2026 | $171,593 |
| May 31, 2026 | $165,692 |
| Jun 30, 2026 | $152,705 |
| Jul 31, 2026 | $222,108 |
| Aug 31, 2026 | $247,561 |
| Sep 30, 2026 | $282,288 |
| Oct 27, 2026 (latest) | $261,126 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $1.53m |
| Dec 31, 2022 | $7.22m |
| Dec 31, 2023 | $780,456 |
| Dec 31, 2024 | $368,031 |
| Dec 31, 2025 | $284,746 |
Fees, revenue and holders revenue by UTC calendar month, Feb 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2025 | $3 | $3 | - |
| Mar 2025 | $13 | $13 | - |
| Apr 2025 | $4 | $4 | - |
| May 2025 | $4 | $4 | - |
| Jun 2025 | $14 | $14 | - |
| Jul 2025 | $126 | $126 | - |
| Aug 2025 | $708 | $708 | $0 |
| Sep 2025 | $168 | $168 | $0 |
| Oct 2025 | $176 | $176 | $0 |
| Nov 2025 | $192 | $192 | $0 |
| Dec 2025 | $1,141 | $1,141 | $0 |
| Jan 2026 | $502 | $502 | $0 |
| Feb 2026 | $261 | $261 | $0 |
| Mar 2026 | $94 | $94 | $0 |
| Apr 2026 | $177 | $177 | $0 |
| May 2026 | $60.18 | $16.13 | $0 |
| Jun 2026 | $183.39 | $4.04 | $0 |
| Jul 2026 | $504.54 | $63.10 | $0 |
| Aug 2026 | $564.78 | $101.46 | $0 |
| Sep 2026 | $1,389 | $251.42 | $0 |
| Oct 2026 (to date) | $584.59 | $113.88 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/rubicon
Frequently asked questions
What is Rubicon's TVL?
As of Oct 27, 2026, Rubicon has $262,569 in total value locked. TVL has decreased 3.8% over the past 30 days.
What chains does Rubicon operate on?
Rubicon operates on 4 chains: OP Mainnet, Base, Ethereum, and Arbitrum. OP Mainnet holds the largest share at 51%.
How much has Rubicon generated in fees and revenue?
Over the past 30 days, Rubicon generated $1,118 in fees. Of that, $206.12 was protocol revenue. Based on the trailing year, the annualized rate is $5,666 in fees and $2,948 in revenue.
What is the RUBI token price and valuation?
RUBI is currently trading at $0.00016. Its circulating market capitalization is $137,307, ranking it #5,905. Its fully diluted valuation is $1.58m. Supply currently stands at 867.59m circulating, 10b total supply, 10b maximum supply.
How has RUBI performed recently?
RUBI is down 2.4% over the past 7 days and down 10.7% over the past 30 days. Its all-time high is $0.0015, reached on Jun 1, 2025. The token is currently 89.7% below that level.
How does Rubicon's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Rubicon ranks #428 by TVL. The category holds $13.502b across 1,923 protocols, and Rubicon accounts for <0.1% of that total. Similar protocols include Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, Aero Slipstream, Aero Basic, SushiSwap V3, SushiSwap, Balancer V3, and DODO AMM.
How much trading volume does Rubicon process?
Rubicon processed $1.22m in DEX volume over the past 30 days.
Does Rubicon have a treasury?
Rubicon has a tracked treasury currently valued at $379,256. Its holdings include $2,442 in stablecoins, $5,029 in major assets, $371,775 in its own tokens, $10.14 in other assets.