Benqi Lending (QI)
Total Value Locked$307.71m
TVL by Chain
Avalanche$226.36m
borrowed$81.3m
pool2$60,469
Key Metrics
Fees (Annualized)$4.96m
Fees 30d$406,656
Fees 7d$81,281
Fees 24h$10,599
Cumulative Fees$15.57m
Revenue (Annualized)$907,338
Revenue 30d$74,372
Revenue 7d$14,631
Revenue 24h$1,899
Cumulative Revenue$2.71m
Holders Revenue (Annualized)$618,808
Holders Revenue 30d$50,722
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$2.68m
Market Cap$26.13m
$QI Price$0.0036
All Time High$0.39
All Time Low$0.0032
Fully Diluted Valuation$26.13m
$QI Volume 24h$1.11m
CEX Volume$720,373
DEX Volume$446,840(40.41% of total)
Borrowed$81.3m
$QI Liquidity$687,254
Pangolin V2$577,437
Joe V2.1$109,817
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.
Category:Lending
Audits:
Methodology
TVL: Same as compound, we just get all the collateral (not borrowed money) on the lending marketsView code on GitHubFees: Total interest paid by borrowersView code on GitHubRevenue: Protocol and holders share of interestView code on GitHubHolders Revenue: Share of interest into protocol governance token holders.View code on GitHubUser Activity
Active Addresses (24h)105
Transactions (24h)335
Gas Used (24h)$3.32
Income Statement for Benqi Lending
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $1.39m | $2.08m | $1.52m | $2.04m | $2.74m | $1.94m | $1.39m | $1.47m | $697,563 | $290,860 |
| Revenue | $245,958 | $373,049 | $278,142 | $367,190 | $486,672 | $346,042 | $226,171 | $231,291 | $104,273 | $46,529 |
| Earnings | $245,958 | $373,049 | $278,142 | $367,190 | $486,672 | $346,042 | $226,171 | $231,291 | $104,273 | $46,529 |
| Token Holder Net Income | $220,462 | $373,051 | $278,142 | $367,190 | $486,672 | $346,042 | $226,171 | $231,291 | $104,273 | $46,529 |