Balancer (BAL)

Total Value Locked$904m

TVL by Chain

Ethereum$703.02m

Gnosis$57.48m

Base$45.94m

Arbitrum$39.09m

Avalanche$31.29m

Polygon$18.65m

OP Mainnet$7.38m

Fraxtal$672,468

Polygon zkEVM$315,392

Mode$160,108

fetching denomination price history...

Key Metrics

Fees (Annualized)$12.5m

Fees 30d$1.02m

Fees 7d$351,209

Fees 24h$12,931

Cumulative Fees$287.53m

Revenue (Annualized)$6.15m

Revenue 30d$504,457

Revenue 7d$173,443

Revenue 24h$6,164

Cumulative Revenue$36.91m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$6.15m

Earnings 30d$504,457

Earnings 7d$173,443

Earnings 24h$6,164

Cumulative Earnings$36.91m

DEX Volume 30d$945.78m

DEX Volume 7d$255.79m

DEX Volume 24h$38.63m

Cumulative DEX Volume$103.711b

Market Cap$87.46m

$BAL Price$1.35

All Time High$74.45

All Time Low$0.76

Fully Diluted Valuation$93.76m

$BAL Volume 24h$7.1m

CEX Volume$5.51m

DEX Volume$1.6m(22.56% of total)

$BAL Liquidity$40.22m

Balancer V2$38.57m

Balancer V2$904,580

Balancer V2$597,070

Balancer V2$91,794

Balancer V2$38,686

Uniswap V3$11,730

Treasury$21.49m

Majors$4.84m

Stablecoins$3.92m

Own Tokens$4.13m

Others$8.6m

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 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 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 Tracked301

Average APY2.08%

View all Yields

User Activity

Active Addresses (24h)254

Transactions (24h)1,270

Gas Used (24h)$251.45

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$1.01m$1.62m$3.55m$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$496,457$775,778$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$496,457$775,778$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