Ask about Spiko
Total Value Locked$2.635b
TVL by Chain
Stellar$1.66b
Arbitrum$502.3m
Ethereum$226.61m
Polygon$170.16m
Base$38.33m
Starknet$32.46m
Etherlink$4.92m
Key Metrics
Fees 30d$3.87m
Fees 30d by chain
Stellar$2.84m
Ethereum$373,777
Arbitrum$338,952
Polygon$244,298
Base$48,096
Starknet$23,517
Etherlink$1,024
Fees 7d$892,455
Stellar$671,711
Ethereum$79,913
Arbitrum$75,689
Polygon$54,372
Base$10,091
Starknet$440
Etherlink$239
Fees 24h$362,014
Stellar$275,474
Ethereum$32,306
Arbitrum$28,371
Polygon$21,814
Base$4,015
Etherlink$34
Starknet$0
Cumulative Fees$14.8m
Polygon$6.65m
Stellar$5.23m
Ethereum$1.65m
Arbitrum$1.07m
Base$108,860
Starknet$75,058
Etherlink$13,784
Revenue 30d$509,112
Revenue 30d by chain
Stellar$320,343
Arbitrum$93,980
Ethereum$45,494
Polygon$34,667
Base$7,982
Starknet$5,630
Etherlink$1,016
Revenue 7d$121,521
Stellar$77,484
Arbitrum$21,734
Ethereum$11,796
Polygon$7,981
Base$1,849
Starknet$440
Etherlink$237
Revenue 24h$17,670
Stellar$11,335
Arbitrum$3,363
Ethereum$1,528
Polygon$1,150
Base$261
Etherlink$33
Starknet$0
Cumulative Revenue$1.84m
Polygon$632,455
Stellar$624,533
Ethereum$308,397
Arbitrum$242,327
Base$17,622
Starknet$14,369
Etherlink$3,225
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 10.1% over the past 30 days.
What chains does Spiko operate on?
Spiko operates on 7 chains: Etherlink, Ethereum, Base, Polygon, and Starknet 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 $3.87m in fees. Of that, $509,112 was protocol revenue. Based on the trailing year, the annualized rate is $10.33m in fees and $1.43m 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 $27.781b across 167 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.