Benqi (QI)
Total Value Locked$789.38m
TVL by Chain
Avalanche$789.38m
Key Metrics
Fees (Annualized)$28.62m
Fees 30d$2.35m
Fees 7d$670,216
Fees 24h$89,519
Cumulative Fees$38.25m
Revenue (Annualized)$3.51m
Revenue 30d$287,307
Revenue 7d$80,863
Revenue 24h$11,125
Cumulative Revenue$4.85m
Holders Revenue (Annualized)$1.49m
Holders Revenue 30d$121,932
Holders Revenue 7d$31,874
Holders Revenue 24h$4,872
Cumulative Holders Revenue$2.4m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3.51m
Earnings 30d$287,307
Earnings 7d$80,863
Earnings 24h$11,125
Cumulative Earnings$4.85m
Market Cap$58.93m
$QI Price$0.0081
All Time High$0.39
All Time Low$0.0047
Fully Diluted Valuation$58.93m
Outstanding FDV$49.82m
$QI Volume 24h$4.59m
CEX Volume$3.52m
DEX Volume$1.4m(30.44% of total)
Borrowed$144.43m
$QI Liquidity$662,916
Pangolin V2$557,002
Joe V2.1$105,914
Treasury$40.68m
Stablecoins$8.79m
Own Tokens$18.92m
Others$12.97m
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's share of interest treasuryView 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
| 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 | $4.62m | $1.94m | $2.53m | $3.37m | $2.32m | $1.92m | $6.58m | $3.59m | $1.74m | $1.78m | $1.74m | $1.37m | $1.74m | $2.16m | $850,792 |
| Revenue | $600,757 | $319,974 | $415,716 | $549,131 | $383,750 | $278,994 | $753,995 | $393,420 | $191,690 | $178,415 | $174,200 | $136,572 | $174,023 | $215,926 | $85,078 |
| Earnings | $600,757 | $319,974 | $415,716 | $549,131 | $383,750 | $278,994 | $753,995 | $393,420 | $191,690 | $178,415 | $174,200 | $136,572 | $174,023 | $215,926 | $85,078 |
| Token Holder Net Income | $312,929 | $278,142 | $367,190 | $486,672 | $346,042 | $226,171 | $231,291 | $104,273 | $46,529 | $0 | $0 | $0 | $0 | $0 | $0 |