Ask about Spiko · freeRWA AUM$2.814b
Key Metrics
Fees 30d$11.06m
Fees 30d by chain
Stellar$5.96m
Arbitrum$2.58m
Ethereum$1.4m
Polygon$760,047
Base$188,293
Starknet$119,325
Etherlink$43,195
Fees 7d$1.72m
Stellar$1.16m
Arbitrum$248,004
Ethereum$172,617
Polygon$102,973
Base$22,290
Starknet$10,299
Etherlink$3,364
Fees 24h$245,566
Stellar$168,729
Arbitrum$33,742
Ethereum$24,069
Polygon$13,966
Base$3,233
Starknet$1,355
Etherlink$472
Cumulative Fees$27.62m
Stellar$12.47m
Polygon$7.51m
Arbitrum$3.87m
Ethereum$3.2m
Base$317,898
Starknet$195,598
Etherlink$57,448
Revenue 30d$560,584
Revenue 30d by chain
Stellar$371,340
Arbitrum$94,199
Ethereum$49,839
Polygon$33,814
Base$8,024
Starknet$2,378
Etherlink$990
Revenue 7d$133,453
Stellar$93,028
Arbitrum$18,175
Ethereum$11,616
Polygon$7,934
Base$1,913
Starknet$556
Etherlink$231
Revenue 24h$19,154
Stellar$13,463
Arbitrum$2,592
Ethereum$1,644
Polygon$1,080
Base$263
Starknet$79
Etherlink$33
Cumulative Revenue$2.65m
Stellar$1.15m
Polygon$682,419
Arbitrum$387,105
Ethereum$380,315
Base$29,446
Starknet$17,475
Etherlink$4,677
Total Raised$112m
Jul 17, 2025$22mRound: Series AInvestors: Index Ventures, Blockwall Management, White Star Capital, BPI France, Frst, Rerail
Oct 6, 2026$90mRound: Series BInvestors: New Enterprise Associates, Index Ventures, BPI France, Speedinvest, Flourish Ventures, Shapers, White Star Capital, BlockWall Digital, Mirana Ventures, Wintermute Ventures, Axel Weber, EQNX, Frst
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
Fees: 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
Spiko history
Fees and revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2024 | $345,686 | $23,655 |
| Dec 2024 | $384,033 | $27,100 |
| Jan 2025 | $327,449 | $29,689 |
| Feb 2025 | $244,491 | $26,148 |
| Mar 2025 | $267,252 | $31,957 |
| Apr 2025 | $306,733 | $34,624 |
| May 2025 | $298,199 | $37,014 |
| Jun 2025 | $306,353 | $38,218 |
| Jul 2025 | $332,390 | $40,056 |
| Aug 2025 | $342,687 | $42,147 |
| Sep 2025 | $382,202 | $44,076 |
| Oct 2025 | $385,687 | $44,398 |
| Nov 2025 | $319,941 | $43,086 |
| Dec 2025 | $331,770 | $42,088 |
| Jan 2026 | $341,689 | $44,455 |
| Feb 2026 | $379,605 | $46,201 |
| Mar 2026 | $330,047 | $46,678 |
| Apr 2026 | $246,055 | $33,859 |
| May 2026 | $207,047 | $34,729 |
| Jun 2026 | $263,520 | $56,991 |
| Jul 2026 | $2.32m | $314,311 |
| Aug 2026 | $3.34m | $508,530 |
| Sep 2026 | $4.25m | $530,579 |
| Oct 2026 (to date) | $10.8m | $507,133 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/spiko
Frequently asked questions
What chains does Spiko operate on?
Spiko operates on 7 chains: Polygon, Ethereum, Arbitrum, Base, and Starknet and 2 others.
How much has Spiko generated in fees and revenue?
Over the past 30 days, Spiko generated $11.06m in fees. Of that, $560,584 was protocol revenue. Based on the trailing year, the annualized rate is $22.97m in fees and $2.2m in revenue.
How does Spiko's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Spiko ranks #129 by TVL. The category holds $4.1b across 176 protocols, and Spiko accounts for 0% of that total. Similar protocols include Tangible RWA, Mountain Protocol, Boson Protocol, Sweep, Re, Brickken, Theo Network thBill, Solv Vesting, Tokeshare, and Florence Finance.