Balancer (BAL)
Total Value Locked$872.11m
TVL by Chain
Ethereum$680.76m
Gnosis$53.01m
Base$44.8m
Arbitrum$39.56m
Avalanche$25.93m
Polygon$17.81m
OP Mainnet$7.87m
Hyperliquid L1$1.23m
Fraxtal$690,070
Polygon zkEVM$307,249
Mode$146,244
Key Metrics
Fees (Annualized)$16.97m
Fees 30d$1.39m
Fees 7d$297,625
Fees 24h$34,268
Cumulative Fees$288.62m
Revenue (Annualized)$7.4m
Revenue 30d$606,849
Revenue 7d$119,702
Revenue 24h$12,537
Cumulative Revenue$37.12m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$7.4m
Earnings 30d$606,849
Earnings 7d$119,702
Earnings 24h$12,537
Cumulative Earnings$37.12m
DEX Volume 30d$1.932b
DEX Volume 7d$512.26m
DEX Volume 24h$56.59m
Cumulative DEX Volume$108.413b
Market Cap$82.2m
$BAL Price$1.27
All Time High$74.45
All Time Low$0.76
Fully Diluted Valuation$88.24m
$BAL Volume 24h$5.88m
CEX Volume$4.34m
DEX Volume$1.66m(28.21% of total)
$BAL Liquidity$38.51m
Balancer V2$36.96m
Balancer V2$846,348
Balancer V2$572,566
Balancer V2$87,976
Balancer V2$36,142
Uniswap V3$11,261
Treasury$20.37m
Majors$4.05m
Stablecoins$4.63m
Own Tokens$3.83m
Others$7.86m
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
Balancer (BAL)
Total Value Locked$872.11m
TVL by Chain
Ethereum$680.76m
Gnosis$53.01m
Base$44.8m
Arbitrum$39.56m
Avalanche$25.93m
Polygon$17.81m
OP Mainnet$7.87m
Hyperliquid L1$1.23m
Fraxtal$690,070
Polygon zkEVM$307,249
Mode$146,244
fetching revenue...
Key Metrics
Fees (Annualized)$16.97m
Fees 30d$1.39m
Fees 7d$297,625
Fees 24h$34,268
Cumulative Fees$288.62m
Revenue (Annualized)$7.4m
Revenue 30d$606,849
Revenue 7d$119,702
Revenue 24h$12,537
Cumulative Revenue$37.12m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$7.4m
Earnings 30d$606,849
Earnings 7d$119,702
Earnings 24h$12,537
Cumulative Earnings$37.12m
DEX Volume 30d$1.932b
DEX Volume 7d$512.26m
DEX Volume 24h$56.59m
Cumulative DEX Volume$108.413b
Market Cap$82.2m
$BAL Price$1.27
All Time High$74.45
All Time Low$0.76
Fully Diluted Valuation$88.24m
$BAL Volume 24h$5.88m
CEX Volume$4.34m
DEX Volume$1.66m(28.21% of total)
$BAL Liquidity$38.51m
Balancer V2$36.96m
Balancer V2$846,348
Balancer V2$572,566
Balancer V2$87,976
Balancer V2$36,142
Uniswap V3$11,261
Treasury$20.37m
Majors$4.05m
Stablecoins$4.63m
Own Tokens$3.83m
Others$7.86m
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: Balancer V1 protocol fees are set to 0%View 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
User Activity
Active Addresses (24h)267
New Addresses (24h)91
Transactions (24h)823
Gas Used (24h)$63.12
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 | $1.55m | $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 | $672,168 | $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 | $672,168 | $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 |