Balancer (BAL)
Total Value Locked$269.95m
TVL by Chain
Ethereum$198.49m
Arbitrum$18.1m
Base$15.86m
Gnosis$15.45m
Polygon$8.71m
Plasma$8.33m
Avalanche$1.82m
OP Mainnet$1.51m
Hyperliquid L1$1.37m
Polygon zkEVM$234,772
Fraxtal$54,238
Mode$24,300
Key Metrics
Fees (Annualized)$8.53m
Fees 30d$699,171
Fees 7d$139,964
Fees 24h$22,075
Cumulative Fees$295.59m
Revenue (Annualized)$2.78m
Revenue 30d$227,787
Revenue 7d$44,390
Revenue 24h$7,434
Cumulative Revenue$39.78m
Holders Revenue (Annualized)$969,778
Holders Revenue 30d$79,490
Holders Revenue 7d$15,415
Holders Revenue 24h$2,512
Cumulative Holders Revenue$119,800
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$2.78m
Earnings 30d$227,787
Earnings 7d$44,390
Earnings 24h$7,434
Cumulative Earnings$39.78m
DEX Volume 30d$1.135b
DEX Volume 7d$185.36m
DEX Volume 24h$30.69m
Cumulative DEX Volume$118.86b
Market Cap$42.47m
$BAL Price$0.66
All Time High$74.45
All Time Low$0.62
Fully Diluted Valuation$46.62m
Outstanding FDV$14.78m
$BAL Volume 24h$1.19m
CEX Volume$780,696
DEX Volume$419,088(35.08% of total)
$BAL Liquidity$39.18m
Balancer V2$37.54m
Balancer V2$923,215
Balancer V2$588,587
Balancer V2$84,867
Balancer V2$36,871
Uniswap V3$13,750
Treasury$20.44m
Majors$4.32m
Stablecoins$9.01m
Own Tokens$1.72m
Others$5.38m
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.
User Activity
Active Addresses (24h)400
Transactions (24h)892
Gas Used (24h)$9.56
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: Swap fees paid by usersView code on GitHubBalancer V3: Fees earned from all the trades and yields.View code on GitHub
Revenue:
Balancer V1: Protocol revenue from all fees collectedView code on GitHubBalancer V2: Percentage of swap fees going to treasury and/or token holdersView code on GitHubBalancer V3: Revenue earned by the protocol, which is 50% of the trade fees and 10% of the yield capture.View code on GitHub
Holders Revenue:
Balancer V1: Money going to governance token holdersView code on GitHubBalancer V2: Money going to governance token holdersView code on GitHubBalancer V3: Portion of protocol revenue distributed to token holders (e.g., veBAL/BAL), parameterized here.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
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
SourceDate: Nov 3, 2025
Protocol: Balancer V2
Amount: $128m
Classification: Protocol Logic
Technique: Composable Stable Pools Exploit
Chains: Ethereum, Arbitrum, Base, Polygon, Sonic, Optimism
Language: Solidity
Target Type: DeFi Protocol
SourceIncome Statement for Balancer
| Q4 2025* | 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 | $3.77m | $4.75m | $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 | $1.41m | $1.93m | $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 | $1.41m | $1.93m | $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 |
| Token Holder Net Income | $119,800 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |