Ask about Shift Protocol · freeTotal Value Locked$687,973
TVL by Chain
Arbitrum$404,873
Ethereum$197,012
Base$86,087
Key Metrics
Fees 30d$6,154
Fees 30d by chain
Arbitrum$4,265
Ethereum$1,829
Base$930.90
Fees 7d$1,455
Arbitrum$824.10
Ethereum$525.30
Base$225.68
Fees 24h$117
Ethereum$88.73
Arbitrum$66
Base$0
Cumulative Fees$72,010
Base$90,409
Arbitrum$54,075
Ethereum$3,785
Revenue 30d$955.99
Revenue 30d by chain
Arbitrum$795.09
Ethereum$185.87
Base$0
Revenue 7d$212.05
Arbitrum$160.23
Ethereum$52.40
Base$0
Revenue 24h$22.45
Arbitrum$13.59
Ethereum$8.86
Base$0
Cumulative Revenue$9,174
Arbitrum$9,629
Base$2,289
Ethereum$415.78
Protocol Information
Shift is a DeFi protocol offering a suite of yield products built on top of leading on-chain perpetual futures exchanges (Perp DEXs). Our mission is to make high-yield strategies available to anyone through transparent, on-chain vaults
Audits:
Methodology
TVL: TVL for v1 vaults is calculated by summing total supply of shares distributed to depositors and multiplied by their share price (comprehensive of profit and loss). v2 vaults are ERC-4626 compliant so they use totalAssets().View code on GitHubFees: All yields generated by Shift Protocol vaults from delta-neutral strategies, basis trading, and LP positions, plus performance fees and management fees.View code on GitHubRevenue: Performance fees (5-20%) on vault profits and management fees (0-2% annually) on AUM, all accruing to the protocol treasury.View code on GitHubCompetitors
Shift Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 22, 2025 to Oct 28, 2026.
All-time high TVL: $2.63m on Mar 19, 2026. All-time low TVL: $502,996 on Oct 22, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $741,394 |
| Sep 30, 2026 | $735,522 |
| Oct 1, 2026 | $724,819 |
| Oct 2, 2026 | $724,695 |
| Oct 3, 2026 | $725,921 |
| Oct 4, 2026 | $725,465 |
| Oct 5, 2026 | $725,427 |
| Oct 6, 2026 | $725,623 |
| Oct 7, 2026 | $720,023 |
| Oct 8, 2026 | $722,083 |
| Oct 9, 2026 | $669,674 |
| Oct 10, 2026 | $669,962 |
| Oct 11, 2026 | $653,996 |
| Oct 12, 2026 | $658,088 |
| Oct 13, 2026 | $655,145 |
| Oct 14, 2026 | $705,471 |
| Oct 15, 2026 | $668,870 |
| Oct 16, 2026 | $669,324 |
| Oct 17, 2026 | $639,343 |
| Oct 18, 2026 | $637,391 |
| Oct 19, 2026 | $637,589 |
| Oct 20, 2026 | $636,236 |
| Oct 21, 2026 | $670,381 |
| Oct 22, 2026 | $670,465 |
| Oct 23, 2026 | $670,672 |
| Oct 24, 2026 | $673,992 |
| Oct 25, 2026 | $674,275 |
| Oct 26, 2026 | $673,423 |
| Oct 27, 2026 | $673,097 |
| Oct 28, 2026 | $688,043 |
TVL at each month end, Oct 2025 to Oct 2026
| Date | TVL |
|---|---|
| Oct 31, 2025 | $751,668 |
| Nov 30, 2025 | $805,199 |
| Dec 31, 2025 | $1.46m |
| Jan 31, 2026 | $1.91m |
| Feb 28, 2026 | $1.66m |
| Mar 31, 2026 | $2.17m |
| Apr 30, 2026 | $1.67m |
| May 31, 2026 | $842,261 |
| Jun 30, 2026 | $794,117 |
| Jul 31, 2026 | $801,043 |
| Aug 31, 2026 | $894,222 |
| Sep 30, 2026 | $735,522 |
| Oct 28, 2026 (latest) | $688,043 |
Fees and revenue by UTC calendar month, Sep 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Sep 2025 | -$0.07 | $0 |
| Oct 2025 | $7,404 | $370.79 |
| Nov 2025 | $12,167 | $609.56 |
| Dec 2025 | $9,073 | $308.94 |
| Jan 2026 | -$17,836 | -$888.94 |
| Feb 2026 | $8,156 | $120.82 |
| Mar 2026 | $7,276 | $786.53 |
| Apr 2026 | $7,352 | $1,251 |
| May 2026 | $6,373 | $1,153 |
| Jun 2026 | $4,874 | $1,019 |
| Jul 2026 | $8,027 | $1,161 |
| Aug 2026 | $5,678 | $1,148 |
| Sep 2026 | $7,873 | $1,262 |
| Oct 2026 (to date) | $5,711 | $894.33 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/shift-protocol
Frequently asked questions
What is Shift Protocol's TVL?
As of Oct 28, 2026, Shift Protocol has $687,973 in total value locked. TVL has decreased 7.2% over the past 30 days.
What chains does Shift Protocol operate on?
Shift Protocol operates on 3 chains: Arbitrum, Ethereum, and Base. Arbitrum holds the largest share at 58.9%.
How much has Shift Protocol generated in fees and revenue?
Over the past 30 days, Shift Protocol generated $6,154 in fees. Of that, $955.99 was protocol revenue. Based on the trailing year, the annualized rate is $67,250 in fees and $8,936 in revenue.
How does Shift Protocol's TVL compare to similar protocols?
Among Onchain Capital Allocator protocols tracked by DefiLlama, Shift Protocol ranks #39 by TVL. The category holds $9.34b across 85 protocols, and Shift Protocol accounts for <0.1% of that total. Similar protocols include Spark Liquidity Layer, Veda, Aera V3, Lagoon, IPOR Fusion, Aera V2, D2 Finance, Spectra MetaVaults, Spectra MetaVaults Outside V2, and MORE Vaults.