Benqi (QI)
Total Value Locked$460.14m
TVL by Chain
Avalanche$378.48m
borrowed$81.6m
pool2$60,504
Key Metrics
Fees (Annualized)$23.79m
Fees 30d$1.95m
Fees 7d$456,398
Fees 24h$48,950
Cumulative Fees$61.65m
Revenue (Annualized)$2.79m
Revenue 30d$229,063
Revenue 7d$52,282
Revenue 24h$5,787
Cumulative Revenue$7.31m
Holders Revenue (Annualized)$653,090
Holders Revenue 30d$53,532
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$2.68m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$2.79m
Earnings 30d$229,063
Earnings 7d$52,282
Earnings 24h$5,787
Cumulative Earnings$7.31m
Market Cap$25.31m
$QI Price$0.0035
All Time High$0.39
All Time Low$0.0032
Fully Diluted Valuation$25.31m
Outstanding FDV$21.51m
$QI Volume 24h$1.15m
CEX Volume$777,205
DEX Volume$489,387(42.47% of total)
Borrowed$81.6m
$QI Liquidity$687,254
Pangolin V2$577,437
Joe V2.1$109,817
Treasury$13.29m
Majors$293,259
Stablecoins$2.29m
Own Tokens$8.51m
Others$2.2m
Total Raised$9.8m
Apr 14, 2021$6mRound: Investors: Genesis Block Ventures, Arrington XRP Capital, Ascensive Assets, Ava Labs, Dragonfly Capital, Mechanism Capital, Morningstar Ventures, Rarestone Capital, Skynet Trading, The Spartan Group, TRGC, Vendetta Capital, ZBS CAPITAL
Apr 28, 2021$3.8mRound: Public token saleSource: https://benqifinance.medium.com/benqi-closes-6m-strategic-round-to-create-algorithmic-liquidity-market-on-avalanche-f4a92d766212
Protocol Information
BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Benqi Lending: Total interest paid by borrowersView code on GitHubBenqi Staked Avax: Total yields from staked Avax.View code on GitHub
Revenue:
Benqi Lending: Protocol and holders share of interestView code on GitHubBenqi Staked Avax: 10 % of the total yields are charged by Benqi.View code on GitHub
Holders Revenue:
Benqi Lending: Share of interest into protocol governance token holders.View code on GitHubBenqi Staked Avax: View code on GitHub
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
Income Statement for Benqi
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $5.79m | $7.28m | $4.65m | $5.74m | $7.55m | $4.88m | $5.5m | $6m | $3.29m | $1.61m | $1.65m | $1.64m | $1.31m | $1.73m | $2.16m | $863,620 |
| Revenue | $685,091 | $893,046 | $590,560 | $736,947 | $967,156 | $639,302 | $637,624 | $684,841 | $363,915 | $178,926 | $165,229 | $163,615 | $130,995 | $172,948 | $215,620 | $86,363 |
| Earnings | $685,091 | $893,046 | $590,560 | $736,947 | $967,156 | $639,302 | $637,624 | $684,841 | $363,915 | $178,926 | $165,229 | $163,615 | $130,995 | $172,948 | $215,620 | $86,363 |
| Token Holder Net Income | $220,462 | $373,051 | $278,142 | $367,190 | $486,672 | $346,042 | $226,171 | $231,291 | $104,273 | $46,529 | $0 | $0 | $0 | $0 | $0 | $0 |