Ask about Spiko · freeRWA AUM$2.812b
Key Metrics
Fees 30d$11.28m
Fees 30d by chain
Stellar$6.12m
Arbitrum$2.61m
Ethereum$1.42m
Polygon$772,851
Base$191,256
Starknet$120,601
Etherlink$43,633
Fees 7d$1.73m
Stellar$1.17m
Arbitrum$242,622
Ethereum$174,062
Polygon$102,409
Base$22,762
Starknet$10,194
Etherlink$3,462
Fees 24h$245,326
Stellar$168,550
Arbitrum$33,709
Ethereum$24,058
Polygon$13,953
Base$3,230
Starknet$1,355
Etherlink$471
Cumulative Fees$27.87m
Stellar$12.64m
Polygon$7.53m
Arbitrum$3.9m
Ethereum$3.23m
Base$321,130
Starknet$196,953
Etherlink$57,919
Revenue 30d$561,391
Revenue 30d by chain
Stellar$373,217
Arbitrum$93,233
Ethereum$49,818
Polygon$33,737
Base$8,018
Starknet$2,378
Etherlink$990
Revenue 7d$133,914
Stellar$93,579
Arbitrum$18,183
Ethereum$11,583
Polygon$7,878
Base$1,905
Starknet$555
Etherlink$231
Revenue 24h$19,135
Stellar$13,448
Arbitrum$2,590
Ethereum$1,643
Polygon$1,079
Base$263
Starknet$79
Etherlink$33
Cumulative Revenue$2.67m
Stellar$1.17m
Polygon$683,499
Arbitrum$389,696
Ethereum$381,958
Base$29,709
Starknet$17,554
Etherlink$4,710
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) | $11.05m | $526,260 |
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 $11.28m in fees. Of that, $561,391 was protocol revenue. Based on the trailing year, the annualized rate is $23.19m in fees and $2.21m 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 $4.108b 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, Travessia Credit, Solv Vesting, and Tokeshare.