Balancer (BAL)
Total Value Locked$893.09m
TVL by Chain
Ethereum$690.86m
Gnosis$55.6m
Base$47.59m
Arbitrum$38.67m
Avalanche$32.02m
Polygon$19.14m
OP Mainnet$8.06m
Fraxtal$669,423
Polygon zkEVM$317,670
Mode$171,943
Key Metrics
Fees (Annualized)$13.91m
Fees 30d$1.14m
Fees 7d$513,478
Fees 24h$57,098
Cumulative Fees$288.08m
Revenue (Annualized)$6.1m
Revenue 30d$500,284
Revenue 7d$234,492
Revenue 24h$25,644
Cumulative Revenue$36.89m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$6.1m
Earnings 30d$500,284
Earnings 7d$234,492
Earnings 24h$25,644
Cumulative Earnings$36.89m
DEX Volume 30d$1.524b
DEX Volume 7d$589.52m
DEX Volume 24h$103.91m
Cumulative DEX Volume$107.652b
Market Cap$86.43m
$BAL Price$1.34
All Time High$74.45
All Time Low$0.76
Fully Diluted Valuation$92.61m
$BAL Volume 24h$9.3m
CEX Volume$7.66m
DEX Volume$1.77m(19.06% of total)
$BAL Liquidity$40.15m
Balancer V2$38.45m
Balancer V2$915,817
Balancer V2$627,178
Balancer V2$91,411
Balancer V2$38,363
Balancer V2$25,018
Uniswap V3$11,918
Treasury$21.11m
Majors$4.66m
Stablecoins$3.92m
Own Tokens$3.93m
Others$8.6m
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
Balancer (BAL)
Total Value Locked$893.09m
TVL by Chain
Ethereum$690.86m
Gnosis$55.6m
Base$47.59m
Arbitrum$38.67m
Avalanche$32.02m
Polygon$19.14m
OP Mainnet$8.06m
Fraxtal$669,423
Polygon zkEVM$317,670
Mode$171,943
Key Metrics
Fees (Annualized)$13.91m
Fees 30d$1.14m
Fees 7d$513,478
Fees 24h$57,098
Cumulative Fees$288.08m
Revenue (Annualized)$6.1m
Revenue 30d$500,284
Revenue 7d$234,492
Revenue 24h$25,644
Cumulative Revenue$36.89m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$6.1m
Earnings 30d$500,284
Earnings 7d$234,492
Earnings 24h$25,644
Cumulative Earnings$36.89m
DEX Volume 30d$1.524b
DEX Volume 7d$589.52m
DEX Volume 24h$103.91m
Cumulative DEX Volume$107.652b
Market Cap$86.43m
$BAL Price$1.34
All Time High$74.45
All Time Low$0.76
Fully Diluted Valuation$92.61m
$BAL Volume 24h$9.3m
CEX Volume$7.66m
DEX Volume$1.77m(19.06% of total)
$BAL Liquidity$40.15m
Balancer V2$38.45m
Balancer V2$915,817
Balancer V2$627,178
Balancer V2$91,411
Balancer V2$38,363
Balancer V2$25,018
Uniswap V3$11,918
Treasury$21.11m
Majors$4.66m
Stablecoins$3.92m
Own Tokens$3.93m
Others$8.6m
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
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)291
Transactions (24h)1,434
Gas Used (24h)$111.85
Hacks
Date: Aug 27, 2023
Protocol: Balancer V2
Amount: $800,000
Classification: Protocol Logic
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
SourceDate: Sep 19, 2023
Protocol: Balancer V2
Amount: $238,000
Classification: Protocol Logic
Technique: Frontend Attack
Chains: Ethereum
Target Type: DeFi Protocol
SourceIncome Statement for Balancer
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $1.05m | $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 | $464,004 | $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 | $464,004 | $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 |