Ask about Theo · freeTotal Value Locked$144.98m
TVL by Chain
Ethereum$134.98m
Monad$5.71m
Stable$4.03m
Linea$126,687
Arbitrum$115,785
Base$21,966
Solana$0
Key Metrics
Fees 30d$115,549
Fees 30d by chain
Ethereum$129,216
Hyperliquid L1$6,415
Arbitrum$1,613
Base$1.03
Stable$0.14
Linea$0.01
Fees 7d$13,165
Ethereum$13,696
Hyperliquid L1$1,541
Arbitrum$438
Base$0.27
Stable$0.03
Linea$0
Fees 24h-$2,510
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Cumulative Fees$2.97m
Ethereum$9.54m
Arbitrum$2.22m
Stable$1.13m
Hyperliquid L1$518,206
Base$237,846
Linea$711.79
Revenue 30d$0
Revenue 30d by chain
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Revenue 7d$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Revenue 24h$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Cumulative Revenue$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Stable$0
Total Raised$20m
Apr 24, 2025$20mRound: Investors: Hack VC, Anthos Capital, Manifold, Mirana Ventures, Metalayer Ventures, SCB Limited, Amber Group, Selini Capital, MEXC Ventures, Flowdesk
Protocol Information
Theo is a full-stack platform connecting onchain capital to global financial markets.
- Theo Straddle VaultsBasis Trading
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Yields
Pools Tracked3
Average Supply APY4.85%
Theo history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 20, 2024 to Oct 28, 2026.
All-time high TVL: $220.51m on Nov 27, 2025. All-time low TVL: $24.68m on Dec 23, 2024.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $152.46m |
| Sep 30, 2026 | $149.59m |
| Oct 1, 2026 | $149.6m |
| Oct 2, 2026 | $149.6m |
| Oct 3, 2026 | $149.61m |
| Oct 4, 2026 | $149.64m |
| Oct 5, 2026 | $149.65m |
| Oct 6, 2026 | $144.66m |
| Oct 7, 2026 | $144.68m |
| Oct 8, 2026 | $144.59m |
| Oct 9, 2026 | $144.53m |
| Oct 10, 2026 | $144.53m |
| Oct 11, 2026 | $144.51m |
| Oct 12, 2026 | $144.5m |
| Oct 13, 2026 | $144.48m |
| Oct 14, 2026 | $144.54m |
| Oct 15, 2026 | $144.47m |
| Oct 16, 2026 | $144.47m |
| Oct 17, 2026 | $144.47m |
| Oct 18, 2026 | $144.36m |
| Oct 19, 2026 | $144.4m |
| Oct 20, 2026 | $144.39m |
| Oct 21, 2026 | $144.52m |
| Oct 22, 2026 | $144.5m |
| Oct 23, 2026 | $144.46m |
| Oct 24, 2026 | $142.98m |
| Oct 25, 2026 | $142.96m |
| Oct 26, 2026 | $142.97m |
| Oct 27, 2026 | $142.92m |
| Oct 28, 2026 | $144.97m |
TVL at each month end, Dec 2024 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $27.2m |
| Jan 31, 2025 | $48.95m |
| Feb 28, 2025 | $45.24m |
| Mar 31, 2025 | $27.7m |
| Apr 30, 2025 | $25.39m |
| May 31, 2025 | $28.68m |
| Jun 30, 2025 | $27.4m |
| Jul 31, 2025 | $28.12m |
| Aug 31, 2025 | $71.9m |
| Sep 30, 2025 | $133.56m |
| Oct 31, 2025 | $157.97m |
| Nov 30, 2025 | $219.95m |
| Dec 31, 2025 | $124.8m |
| Jan 31, 2026 | $134.81m |
| Feb 28, 2026 | $134.86m |
| Mar 31, 2026 | $138.24m |
| Apr 30, 2026 | $133.79m |
| May 31, 2026 | $120.07m |
| Jun 30, 2026 | $95.98m |
| Jul 31, 2026 | $64.38m |
| Aug 31, 2026 | $61.01m |
| Sep 30, 2026 | $149.59m |
| Oct 28, 2026 (latest) | $144.97m |
Fees and revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2024 | $52,108 | $0 |
| Jan 2025 | $149,064 | $0 |
| Feb 2025 | $137,869 | $0 |
| Mar 2025 | -$2.82m | $0 |
| Apr 2025 | $85,993 | $0 |
| May 2025 | $137,836 | $0 |
| Jun 2025 | $99,276 | $0 |
| Jul 2025 | $158,333 | $0 |
| Aug 2025 | $190,819 | $0 |
| Sep 2025 | $334,017 | $0 |
| Oct 2025 | $472,470 | $0 |
| Nov 2025 | $490,953 | $0 |
| Dec 2025 | $382,513 | $0 |
| Jan 2026 | $400,327 | $0 |
| Feb 2026 | $301,710 | $0 |
| Mar 2026 | $345,099 | $0 |
| Apr 2026 | $386,535 | $0 |
| May 2026 | $371,236 | $0 |
| Jun 2026 | $599,913 | $0 |
| Jul 2026 | $302,036 | $0 |
| Aug 2026 | $229,237 | $0 |
| Sep 2026 | $73,582 | $0 |
| Oct 2026 (to date) | $89,600 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/theo
Frequently asked questions
What is Theo's TVL?
As of Oct 28, 2026, Theo has $144.98m in total value locked. TVL has decreased 5% over the past 30 days.
What chains does Theo operate on?
Theo operates on 8 chains: Ethereum, Linea, Arbitrum, Base, and Monad and 3 others. Ethereum holds the largest share at 93.1%.
How much has Theo generated in fees and revenue?
Over the past 30 days, Theo generated $115,549 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $4.04m in fees.
Which protocols are included in Theo?
Theo is a parent protocol whose tracked products include Theo Network thUSD, Theo Network thBill, and Theo Straddle Vaults.
How many yield pools does Theo have?
DefiLlama tracks 3 Theo yield pools with an average APY of 4.8%.