Benqi (QI)
Total Value Locked$464.36m
TVL by Chain
Avalanche$381.9m
borrowed$82.4m
pool2$60,593
Key Metrics
Fees (Annualized)$23.5m
Fees 30d$1.93m
Fees 7d$379,616
Fees 24h$51,316
Cumulative Fees$61.75m
Revenue (Annualized)$2.76m
Revenue 30d$225,930
Revenue 7d$44,385
Revenue 24h$6,022
Cumulative Revenue$7.32m
Holders Revenue (Annualized)$584,539
Holders Revenue 30d$47,913
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)$2.76m
Earnings 30d$225,930
Earnings 7d$44,385
Earnings 24h$6,022
Cumulative Earnings$7.32m
Market Cap$25.75m
$QI Price$0.0036
All Time High$0.39
All Time Low$0.0032
Fully Diluted Valuation$25.75m
Outstanding FDV$21.88m
$QI Volume 24h$908,852
CEX Volume$594,757
DEX Volume$365,509(40.22% of total)
Borrowed$82.4m
$QI Liquidity$687,254
Pangolin V2$577,437
Joe V2.1$109,817
Treasury$13.17m
Majors$282,508
Stablecoins$2.29m
Own Tokens$8.44m
Others$2.15m
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 | $5.9m | $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 | $697,285 | $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 | $697,285 | $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 |