Ask about Spiko · freeRWA Active AUM$2.828b
Key Metrics
Fees 30d$11.36m
Fees 30d by chain
Stellar$6.17m
Arbitrum$2.63m
Ethereum$1.43m
Polygon$776,728
Base$192,520
Starknet$121,702
Etherlink$44,050
Fees 7d$1.74m
Stellar$1.19m
Arbitrum$245,956
Ethereum$173,098
Polygon$102,901
Base$23,122
Starknet$9,969
Etherlink$3,442
Fees 24h$239,264
Stellar$168,070
Arbitrum$29,383
Ethereum$23,833
Polygon$13,279
Base$3,032
Starknet$1,217
Etherlink$450
Cumulative Fees$28.1m
Stellar$12.8m
Polygon$7.54m
Arbitrum$3.93m
Ethereum$3.25m
Base$324,162
Starknet$198,170
Etherlink$58,369
Revenue 30d$562,413
Revenue 30d by chain
Stellar$375,262
Arbitrum$92,277
Ethereum$49,819
Polygon$33,675
Base$8,012
Starknet$2,378
Etherlink$990
Revenue 7d$134,299
Stellar$94,085
Arbitrum$18,152
Ethereum$11,554
Polygon$7,829
Base$1,894
Starknet$554
Etherlink$231
Revenue 24h$19,234
Stellar$13,558
Arbitrum$2,564
Ethereum$1,645
Polygon$1,091
Base$264
Starknet$79
Etherlink$33
Cumulative Revenue$2.69m
Stellar$1.18m
Polygon$684,590
Arbitrum$392,260
Ethereum$383,603
Base$29,973
Starknet$17,633
Etherlink$4,743
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) | $11.04m | $526,359 |
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 $11.36m in fees. Of that, $562,413 was protocol revenue. Based on the trailing year, the annualized rate is $23.42m in fees and $2.23m in revenue.
How does Spiko's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Spiko ranks #130 by TVL. The category holds $4.071b across 178 protocols, and Spiko accounts for 0% of that total. Similar protocols include Tangible RWA, Mountain Protocol, Boson Protocol, Sweep, Re, Brickken, Theo Network thBill, Travessia Credit, Solv Vesting, and Tokeshare.