Balancer (BAL)

Total Value Locked$926.81m

TVL by Chain

Ethereum$716.22m

Gnosis$59.04m

Base$49.34m

Arbitrum$40.07m

Avalanche$32.6m

Polygon$19.96m

OP Mainnet$8.42m

Fraxtal$676,310

Polygon zkEVM$321,003

Mode$179,196

Key Metrics

Fees (Annualized)$13.48m

Fees 30d$1.1m

Fees 7d$494,013

Fees 24h$66,149

Cumulative Fees$288.02m

Revenue (Annualized)$5.9m

Revenue 30d$483,552

Revenue 7d$224,888

Revenue 24h$29,938

Cumulative Revenue$36.87m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$5.9m

Earnings 30d$483,552

Earnings 7d$224,888

Earnings 24h$29,938

Cumulative Earnings$36.87m

DEX Volume 30d$1.53b

DEX Volume 7d$619.36m

DEX Volume 24h$79.3m

Cumulative DEX Volume$107.576b

Market Cap$92.83m

$BAL Price$1.44

All Time High$74.45

All Time Low$0.76

Fully Diluted Valuation$99.47m

$BAL Volume 24h$13.08m

CEX Volume$9.58m

DEX Volume$3.5m(26.73% of total)

$BAL Liquidity$41.21m

Balancer V2$39.46m

Balancer V2$934,671

Balancer V2$641,684

Balancer V2$94,790

Balancer V2$40,494

Balancer V2$25,018

Uniswap V3$12,697

Treasury$22.35m

Majors$4.81m

Stablecoins$3.92m

Own Tokens$4.31m

Others$9.31m

Total Raised$39.25m

Mar 24, 2020$3mRound: SeedInvestors: Accomplice, Placeholder, CoinFund, Inflection

Nov 9, 2020$7mRound: Series AInvestors: Pantera Capital, Alameda Research, Accomplice

Feb 10, 2021$5mRound: Investors: DeFiance Capital, 3AC

May 27, 2021$24.25mRound: Investors: Blockchain Capital, FinTech Collective, Longhash Ventures, Fenbushi Capital, Continue Capital, Kain Warwick

Protocol Information

Balancer is a decentralized automated market maker (AMM) protocol built on Ethereum that represents a flexible building block for programmable liquidity.

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:
Balancer V1: All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V2: All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V3: Total fees earned from all the trades and yield in the last 24 hours.View code on GitHub

Revenue:
Balancer V1: Balancer V1 protocol fees are set to 0%View code on GitHubBalancer V2: Protocol revenue from all fees collectedView code on GitHubBalancer V3: Total revenue earned by the protocol in the last 24 hours, which is 50% of the trade fees and 10% of the yield capture.View code on GitHub

DEX Volume: Volume of all spot token swaps that go through the protocol

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Yields

Pools Tracked331

Average APY2.64%

View all Yields

Development Activity

Updated at Jun 17, 2025

Weekly commits68

Monthly commits401

Weekly developers8

Monthly developers25

Last commit17/06/25 (a month ago)

User Activity

Active Addresses (24h)234

New Addresses (24h)48

Transactions (24h)1,359

Gas Used (24h)$136.83

Hacks

Date: Aug 27, 2023

Protocol: Balancer V2

Amount: $800,000

Classification: Protocol Logic

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Source

Date: Sep 19, 2023

Protocol: Balancer V2

Amount: $238,000

Classification: Protocol Logic

Technique: Frontend Attack

Chains: Ethereum

Target Type: DeFi Protocol

Source

Income Statement for Balancer

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020
Fees$992,082$2.04m$3.65m$6.85m$3.4m$4.44m$4.66m$4.55m$3.02m$2.26m$6.17m$4.7m$6.48m$15.2m$16.88m$39.43m$18.79m$44.12m$37.28m$13.71m$48.24m$1.17m$29
Revenue$439,151$810,775$1.73m$3.39m$1.67m$2.27m$2.97m$1.94m$1.58m$2.77m$3.24m$1.84m$2.43m$6m$3.13m$656,151$0$0$0$0$0$0$0
Earnings$439,151$810,775$1.73m$3.39m$1.67m$2.27m$2.97m$1.94m$1.58m$2.77m$3.24m$1.84m$2.43m$6m$3.13m$656,151$0$0$0$0$0$0$0