Balancer (BAL)

Total Value Locked$1.039b

TVL by Chain

Ethereum$827.08m

Gnosis$62.07m

Arbitrum$47.49m

Base$45.44m

Avalanche$25.09m

Polygon$19.18m

OP Mainnet$10.07m

Hyperliquid L1$1.26m

Fraxtal$715,898

Polygon zkEVM$326,949

Mode$138,437

Key Metrics

Fees (Annualized)$17.25m

Fees 30d$1.41m

Fees 7d$341,423

Fees 24h$63,965

Cumulative Fees$289.53m

Revenue (Annualized)$7.01m

Revenue 30d$574,729

Revenue 7d$134,059

Revenue 24h$26,571

Cumulative Revenue$37.48m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$7.01m

Earnings 30d$574,729

Earnings 7d$134,059

Earnings 24h$26,571

Cumulative Earnings$37.48m

DEX Volume 30d$2.327b

DEX Volume 7d$515.85m

DEX Volume 24h$96.51m

Cumulative DEX Volume$109.966b

Market Cap$89.71m

$BAL Price$1.39

All Time High$74.45

All Time Low$0.76

Fully Diluted Valuation$96.63m

Outstanding FDV$31.26m

$BAL Volume 24h$6.61m

CEX Volume$5.82m

DEX Volume$1.05m(15.92% of total)

$BAL Liquidity$42.74m

Balancer V2$40.98m

Balancer V2$975,793

Balancer V2$632,871

Balancer V2$91,890

Balancer V2$39,098

Uniswap V3$13,073

Treasury$23.39m

Majors$5.71m

Stablecoins$4.77m

Own Tokens$3.51m

Others$9.4m

Total Raised$39.25m

Mar 24, 2020$3mRound: SeedInvestors: Accomplice, Placeholder, CoinFund, InflectionSource: https://twitter.com/Balancer/status/1242525076932657156

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

Feb 10, 2021$5mRound: Investors: DeFiance Capital, 3ACSource: https://twitter.com/Balancer/status/1359538443341152259?s=20

May 27, 2021$24.25mRound: Investors: Blockchain Capital, FinTech Collective, Longhash Ventures, Fenbushi Capital, Continue Capital, Kain WarwickSource: https://cointelegraph.com/news/vcs-back-balancer-with-24-25m-investment

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: Fees earned from all the trades and yield in the last 24 hours.View code on GitHub

Revenue:
Balancer V1: Protocol revenue from all fees collectedView code on GitHubBalancer V2: Protocol revenue from all fees collectedView code on GitHubBalancer V3: 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 Tracked412

Average APY3.85%

View all Yields

User Activity

Active Addresses (24h)232

Transactions (24h)641

Gas Used (24h)$76.73

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$2.46m$2.04m$3.67m$6.87m$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$1.04m$810,775$1.74m$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$1.04m$810,775$1.74m$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