Benqi Lending (QI)
Total Value Locked$335.2m
TVL by Chain
Avalanche$248.91m
borrowed$86.22m
pool2$65,292
Key Metrics
Fees (Annualized)$6.36m
Fees 30d$521,476
Fees 7d$90,144
Fees 24h$12,690
Cumulative Fees$15.46m
Revenue (Annualized)$1.14m
Revenue 30d$93,335
Revenue 7d$16,463
Revenue 24h$2,304
Cumulative Revenue$2.69m
Holders Revenue (Annualized)$1.08m
Holders Revenue 30d$88,862
Holders Revenue 7d$11,990
Holders Revenue 24h$0
Cumulative Holders Revenue$2.68m
Market Cap$27.8m
$QI Price$0.0039
All Time High$0.39
All Time Low$0.0032
Fully Diluted Valuation$27.8m
$QI Volume 24h$1.24m
CEX Volume$711,459
DEX Volume$525,194(42.47% of total)
Borrowed$86.22m
$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)138
New Addresses (24h)11
Transactions (24h)411
Gas Used (24h)$2.71
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 | $1.29m | $2.08m | $1.52m | $2.04m | $2.74m | $1.94m | $1.39m | $1.47m | $697,563 | $290,860 |
| Revenue | $227,186 | $373,049 | $278,142 | $367,190 | $486,672 | $346,042 | $226,171 | $231,291 | $104,273 | $46,529 |
| Earnings | $227,186 | $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 |