Total Value Locked$2.635b
TVL by Chain
Stellar$1.66b
Arbitrum$502.17m
Ethereum$226.58m
Polygon$170.12m
Base$38.32m
Starknet$32.46m
Etherlink$4.92m
Key Metrics
Fees 30d$3.62m
Fees 30d by chain
Stellar$2.64m
Ethereum$352,173
Arbitrum$321,258
Polygon$229,851
Base$45,569
Starknet$24,439
Etherlink$1,024
Fees 7d$888,141
Stellar$656,499
Ethereum$88,809
Arbitrum$75,065
Polygon$54,385
Base$10,387
Starknet$2,756
Etherlink$240
Fees 24h$362,247
Stellar$275,663
Ethereum$32,315
Arbitrum$28,389
Polygon$21,829
Base$4,017
Etherlink$34
Starknet$0
Cumulative Fees$14.44m
Polygon$6.63m
Stellar$4.95m
Ethereum$1.62m
Arbitrum$1.05m
Base$104,846
Starknet$75,058
Etherlink$13,750
Revenue 30d$507,689
Revenue 30d by chain
Stellar$319,067
Arbitrum$93,802
Ethereum$45,316
Polygon$34,648
Base$7,985
Starknet$5,855
Etherlink$1,016
Revenue 7d$120,966
Stellar$76,945
Arbitrum$21,424
Ethereum$11,877
Polygon$7,965
Base$1,857
Starknet$660
Etherlink$238
Revenue 24h$17,681
Stellar$11,343
Arbitrum$3,365
Ethereum$1,528
Polygon$1,151
Base$261
Etherlink$33
Starknet$0
Cumulative Revenue$1.83m
Polygon$631,305
Stellar$613,200
Ethereum$306,869
Arbitrum$238,964
Base$17,361
Starknet$14,369
Etherlink$3,192
Total Raised$22m
Jul 17, 2025$22mRound: Series AInvestors: Index Ventures, Blockwall Management, White Star Capital, BPI France, Frst, Rerail
Protocol Information
Spiko USTBL / EUTBL are Tokenized Money Market Funds regulated by the French Financial Markets Authority that invest in US T-Bills / Eurozone T-Bills
Sub Category: Treasury Bills
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Net NAV growth from Spiko funds (USTBL/EUTBL/UKTBL/SPKCC/eurSPKCC and the SAFO Amundi Overnight Swap funds) distributed to holders, plus Spiko's annual management fee. The published NAV is already net of fees, so the management fee is added on top to reconstruct gross fees.View code on GitHubRevenue: Spiko management fees on assets under management: 0.25%/yr for the T-bill funds (USTBL/EUTBL/UKTBL), 0.10%/yr for the Cash & Carry funds (SPKCC/eurSPKCC), and 0.25%/yr for the Amundi Overnight Swap funds (SAFO/eurSAFO/gbpSAFO/chfSAFO). The Cash & Carry funds also charge a 25% performance fee above the risk-free rate (SOFR) that is not captured, since only the net NAV is published on-chain.View code on GitHubCompetitors
Frequently Asked Questions
What is Spiko's TVL?
Spiko currently has $2.635b in total value locked. TVL has increased 10.3% over the past 30 days.
What chains does Spiko operate on?
Spiko operates on 7 chains: Etherlink, Ethereum, Base, Arbitrum, and Stellar and 2 others. Stellar holds the largest share at 63%.
How much has Spiko generated in fees and revenue?
Over the past 30 days, Spiko generated $3.62m in fees. Of that, $507,689 was protocol revenue. Based on the trailing year, the annualized rate is $9.97m in fees and $1.42m in revenue.
How does Spiko's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Spiko ranks #3 by TVL. The category holds $27.793b across 166 protocols, and Spiko accounts for 9.5% of that total. Other leading protocols include Midas RWA, VNX, Ondo Yield Assets, Tangible RWA, OpenEden USDO, BackedFi, Mountain Protocol, Boson Protocol, Sweep, and BlackRock BUIDL.