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Spectra V2(SPECTRA)

Total Value Locked$10.34m

TVL by Chain

Flare$7.03m

Stellar$761,465

Ethereum$661,869

Base$572,212

Katana$533,239

Sonic$436,726

Avalanche$266,841

BSC$35,231

Hyperliquid L1$21,732

Hemi$14,785

OP Mainnet$9,664

Arbitrum$363.55

Monad$149.03

Key Metrics

Fees 30d$6,905

Fees 30d by chain

Avalanche$6,203

Flare$592.16

Base$78.68

Katana$28.58

Ethereum$2.05

BSC$1.30

Arbitrum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Fees 7d$102.19

Flare$80.95

Base$15.44

Avalanche$4.85

Katana$0.95

Arbitrum$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Fees 24h$12.98

Flare$12

Katana$0.98

Arbitrum$0

Avalanche$0

Base$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Cumulative Fees$1.4m

Ethereum$870,028

Base$281,481

Hyperliquid L1$75,566

Sonic$55,814

Flare$43,087

Arbitrum$25,983

Katana$22,208

Avalanche$13,801

Hemi$11,913

BSC$4,300

OP Mainnet$130.21

Monad$113.76

Revenue 30d$4,141

Revenue 30d by chain

Avalanche$3,721

Flare$354.49

Base$46.77

Katana$17.14

Ethereum$1.24

BSC$0.78

Arbitrum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Revenue 7d$60.41

Flare$47.90

Base$9.03

Avalanche$2.91

Katana$0.57

Arbitrum$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Revenue 24h$7.53

Flare$6.94

Katana$0.59

Arbitrum$0

Avalanche$0

Base$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Cumulative Revenue$1.2m

Ethereum$733,731

Base$273,392

Hyperliquid L1$56,833

Sonic$49,077

Flare$25,859

Arbitrum$24,745

Katana$16,254

Avalanche$8,728

Hemi$8,614

BSC$3,045

OP Mainnet$93.77

Monad$67.23

Holders Revenue 30d$4,141

Holders Revenue 30d by chain

Avalanche$3,721

Flare$354.49

Base$46.77

Katana$17.14

Ethereum$1.24

BSC$0.78

Arbitrum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Holders Revenue 7d$60.41

Flare$47.90

Base$9.03

Avalanche$2.91

Katana$0.57

Arbitrum$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Holders Revenue 24h$7.53

Flare$6.94

Katana$0.59

Arbitrum$0

Avalanche$0

Base$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Cumulative Holders Revenue$1.2m

Ethereum$733,731

Base$273,392

Hyperliquid L1$56,833

Sonic$49,077

Flare$25,859

Arbitrum$24,745

Katana$16,254

Avalanche$8,728

Hemi$8,614

BSC$3,045

OP Mainnet$93.77

Monad$67.23

DEX Volume 30d$4.62m

DEX Volume 30d by chain

Flare$3.19m

Base$822,443

Avalanche$578,077

Katana$20,243

Ethereum$11,298

BSC$98.44

Arbitrum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

DEX Volume 7d$740,151

Flare$567,377

Base$171,104

Katana$845

Avalanche$825

Arbitrum$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

DEX Volume 24h$99,832

Flare$98,954

Katana$878

Arbitrum$0

Avalanche$0

Base$0

BSC$0

Ethereum$0

Hemi$0

Hyperliquid L1$0

Monad$0

OP Mainnet$0

Sonic$0

Cumulative DEX Volume$861.48m

Ethereum$453.38m

Flare$112.34m

Hyperliquid L1$92.95m

Avalanche$59.63m

Base$55.87m

Katana$34.98m

Sonic$19.7m

Hemi$17.63m

BSC$9.53m

Arbitrum$4.78m

OP Mainnet$398,978

Monad$301,376

Staked$732,937

Protocol Information

Secure your future yield at a fixed rate.

Website X/Twitter

Category:Yield

Methodology

TVL: All deposited underlying in Spectra Principal Tokens and all underlying supplied as liquidity in Spectra Markets. On Stellar, sum each registered Principal Token's total_assets in its declared underlying asset. This measures the contracts' underlying-denominated collateral value; non-custodial orders and PT/YT supplies are not added separately.Fees: Yield trading fees paid by users plus voting fees and voting incentives distributed through Spectra governance.Revenue: Yield trading fees, voting fees, and voting incentives distributed to veSPECTRA holders.Holders Revenue: Yield trading fees, voting fees, and voting incentives distributed to veSPECTRA holders.DEX Volume: Volume of all spot token swaps on the DEX

Yields

Pools Tracked14

Average Supply APY13.25%

Competitors

Pendle V2 ($1.051b)Napier ($106,867)Equilibria ($11.28m)Penpie ($5.94m)Stake DAO Yield ($145.79m)Saffron Vaults ($2.67m)VaultCraft ($545,242)Spark Savings ($1.508b)AUTOfinance ($38.8m)Aura ($9.83m)

Income statement for Spectra V2

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024
Gross Protocol Revenue	$5.38K	$7.74K	$27.4K	$57.28K	$77.48K	$218.91K	$250.08K	$590.93K	$166.22K	$3.01K
Yield Trading Fees	$5.38K	$7.74K	$17.88K	$29.22K	$23.87K	$73.04K	$78.56K	$154.19K	$117.06K	$3.01K
Voting Incentives	$0	$0	$9.52K	$23.79K	$44.86K	$103.93K	$146.32K	$419.91K	$49.16K	$0
Voting Fees	$0	$0	$0	$4.27K	$8.76K	$41.93K	$25.21K	$16.83K	$0	$0
Cost of Revenue	$2.15K	$3.1K	$7.15K	$11.69K	$9.54K	$29.22K	$31.42K	$61.68K	$46.83K	$1.2K
Yield Trading Fees To LPs	$1.08K	$1.55K	$3.57K	$5.84K	$4.77K	$14.61K	$15.7K	$30.84K	$23.41K	$603.17
Yield Trading Fees To Curve DAO	$1.08K	$1.55K	$3.57K	$5.84K	$4.77K	$14.61K	$15.7K	$30.84K	$23.41K	$603.17
Gross Profit	$3.23K	$4.65K	$20.25K	$45.59K	$67.94K	$189.69K	$218.65K	$529.24K	$119.4K	$1.8K
Yield Trading Fees To Holders	$3.23K	$4.65K	$10.73K	$17.53K	$14.32K	$43.82K	$47.13K	$92.51K	$70.24K	$1.8K
Voting Incentives	$0	$0	$9.52K	$23.79K	$44.86K	$103.93K	$146.32K	$419.91K	$49.16K	$0
Voting Fees	$0	$0	$0	$4.27K	$8.76K	$41.93K	$25.21K	$16.83K	$0	$0
Earnings	$3.23K	$4.65K	$20.25K	$45.59K	$67.94K	$189.69K	$218.65K	$529.24K	$119.4K	$1.8K
Token Holder Net Income	$3.23K	$4.65K	$20.25K	$45.59K	$67.94K	$189.69K	$218.65K	$529.24K	$119.4K	$1.8K
Yield Trading Fees To Holders	$3.23K	$4.65K	$10.73K	$17.53K	$14.32K	$43.82K	$47.13K	$92.51K	$70.24K	$1.8K
Voting Incentives	$0	$0	$9.52K	$23.79K	$44.86K	$103.93K	$146.32K	$419.91K	$49.16K	$0
Voting Fees	$0	$0	$0	$4.27K	$8.76K	$41.93K	$25.21K	$16.83K	$0	$0

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Spectra V2 history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from May 28, 2024 to Oct 28, 2026.

All-time high TVL: $266.76m on Feb 20, 2025. All-time low TVL: $2,340 on May 28, 2024.

Daily TVL, Sep 29, 2026 to Oct 28, 2026

Date	TVL
Sep 29, 2026	$19.31m
Sep 30, 2026	$19.57m
Oct 1, 2026	$19.5m
Oct 2, 2026	$19.87m
Oct 3, 2026	$20.03m
Oct 4, 2026	$20.74m
Oct 5, 2026	$21.26m
Oct 6, 2026	$21.72m
Oct 7, 2026	$22.04m
Oct 8, 2026	$22.16m
Oct 9, 2026	$22.36m
Oct 10, 2026	$23.99m
Oct 11, 2026	$24.46m
Oct 12, 2026	$24.97m
Oct 13, 2026	$10.65m
Oct 14, 2026	$10.51m
Oct 15, 2026	$10.17m
Oct 16, 2026	$10.02m
Oct 17, 2026	$9.86m
Oct 18, 2026	$9.81m
Oct 19, 2026	$9.87m
Oct 20, 2026	$9.77m
Oct 21, 2026	$10m
Oct 22, 2026	$10.06m
Oct 23, 2026	$10.02m
Oct 24, 2026	$9.95m
Oct 25, 2026	$9.99m
Oct 26, 2026	$9.91m
Oct 27, 2026	$10.28m
Oct 28, 2026	$10.34m

TVL at each month end, Nov 2024 to Oct 2026

Date	TVL
Nov 30, 2024	$20.35m
Dec 31, 2024	$158.43m
Jan 31, 2025	$247.98m
Feb 28, 2025	$202.31m
Mar 31, 2025	$157.32m
Apr 30, 2025	$125.55m
May 31, 2025	$129.22m
Jun 30, 2025	$113.65m
Jul 31, 2025	$83.54m
Aug 31, 2025	$92.54m
Sep 30, 2025	$71.52m
Oct 31, 2025	$60.02m
Nov 30, 2025	$42.38m
Dec 31, 2025	$38.88m
Jan 31, 2026	$42.56m
Feb 28, 2026	$32.15m
Mar 31, 2026	$42.8m
Apr 30, 2026	$44.52m
May 31, 2026	$43.87m
Jun 30, 2026	$30.56m
Jul 31, 2026	$32.22m
Aug 31, 2026	$30.6m
Sep 30, 2026	$19.57m
Oct 28, 2026 (latest)	$10.34m

TVL at each year end, Dec 31, 2024 to Dec 31, 2025

Date	TVL
Dec 31, 2024	$158.43m
Dec 31, 2025	$38.88m

Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026

Month	Fees	Revenue	Holders revenue
Nov 2024	$1,258	$755.98	$755.98
Dec 2024	$164,253	$118,217	$118,217
Jan 2025	$251,434	$216,806	$216,806
Feb 2025	$223,617	$206,668	$206,668
Mar 2025	$115,877	$105,769	$105,769
Apr 2025	$97,719	$84,226	$84,226
May 2025	$71,119	$62,170	$62,170
Jun 2025	$81,244	$72,258	$72,258
Jul 2025	$70,062	$60,244	$60,244
Aug 2025	$101,971	$86,513	$86,513
Sep 2025	$46,872	$42,931	$42,931
Oct 2025	$35,185	$30,866	$30,866
Nov 2025	$20,745	$18,916	$18,916
Dec 2025	$21,553	$18,155	$18,155
Jan 2026	$24,622	$19,654	$19,654
Feb 2026	$17,305	$13,951	$13,951
Mar 2026	$15,352	$11,986	$11,986
Apr 2026	$13,880	$10,133	$10,133
May 2026	$7,869	$6,085	$6,085
Jun 2026	$5,651	$4,033	$4,033
Jul 2026	$3,252	$1,952	$1,952
Aug 2026	$1,399	$839.90	$839.90
Sep 2026	$3,089	$1,855	$1,855
Oct 2026 (to date)	$5,381	$3,227	$3,227

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/spectra-v2

Frequently asked questions

What is Spectra V2's TVL?

As of Oct 28, 2026, Spectra V2 has $10.34m in total value locked. TVL has decreased 46.1% over the past 30 days.

What chains does Spectra V2 operate on?

Spectra V2 operates on 13 chains: Flare, Stellar, Ethereum, Base, and Katana and 8 others. Flare holds the largest share at 68%.

How much has Spectra V2 generated in fees and revenue?

Over the past 30 days, Spectra V2 generated $6,905 in fees. Of that, $4,141 was protocol revenue. Based on the trailing year, the annualized rate is $146,905 in fees and $117,350 in revenue.

How does Spectra V2's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, Spectra V2 ranks #28 by TVL. The category holds $4.537b across 571 protocols, and Spectra V2 accounts for 0.2% of that total. Similar protocols include Pendle V2, Napier, Equilibria, Penpie, Stake DAO Yield, Saffron Vaults, VaultCraft, Spark Savings, AUTOfinance, and Aura.

How much trading volume does Spectra V2 process?

Spectra V2 processed $4.62m in DEX volume over the past 30 days.