Moonwell (WELL)
Total Value Locked$234.77m
TVL by Chain
Base$148.97m
borrowed$70.1m
staking$9.33m
OP Mainnet$4.81m
Moonbeam$1.56m
Key Metrics
Fees (Annualized)$196,225
Fees 30d$16,084
Fees 7d$4,749
Fees 24h$659
Cumulative Fees$15.07m
Revenue (Annualized)$96,270
Revenue 30d$7,891
Revenue 7d$2,338
Revenue 24h$322
Cumulative Revenue$3.33m
Holders Revenue (Annualized)$0
Holders Revenue 30d$0
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$3.05m
Incentives (Annualized)$688,149
Incentives 30d$56,406
Incentives 7d$5,806
Incentives 24h$1,159
Cumulative Incentives$5.91m
Earnings (Annualized)-$591,878
Earnings 30d-$48,515
Earnings 7d-$3,468
Earnings 24h-$836.99
Cumulative Earnings-$2.58m
Market Cap$41.78m
$WELL Price$0.0094
All Time High$0.3
All Time Low$0.003
Fully Diluted Valuation$46.64m
Outstanding FDV$1.71m
$WELL Volume 24h$1.46m
CEX Volume$1.41m
DEX Volume$32,345(2.21% of total)
Staked$9.33m(22.33% of mcap)
Borrowed$70.1m
$WELL Liquidity$17.37m
Aerodrome V1$16.93m
Aerodrome Slipstream$248,125
Velodrome V2$190,266
Total Raised$10m
Mar 18, 2022$10mRound: Private token saleInvestors: Arrington XRP Capital, Hypersphere Ventures, Haun Ventures, Lemniscap, C Squared, Mirana Ventures, nfr, Woodstock, Robot Ventures, Signum Capital, Charterhouse Strategic Partners, KeyChain Capital, FMFWSource: https://twitter.com/LunarTechFdn/status/1504494814695460869
Protocol Information
Moonwell is an open lending and borrowing protocol on Optimism, Base, Moonbeam, and Moonriver. Moonwell`s intuitive interface simplifies the lending experience for everyone, from newcomers to crypto experts.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Moonwell Lending: Interest paid by borrowersView code on GitHubMoonwell Vaults: Total yields from deposited assets in all curated vaults.View code on GitHub
Revenue:
Moonwell Lending: Percentage of interest going to treasuryView code on GitHubMoonwell Vaults: Yields are collected by curators.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
Hacks
Date: Nov 4, 2025
Protocol: Moonwell Lending
Amount: $1m
Classification: Protocol Logic
Technique: Oracle Price Feed Manipulation
Chains: Base, Optimism
Language: Solidity
Target Type: DeFi Protocol
SourceIncome Statement for Moonwell
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | |
|---|---|---|---|---|---|---|---|
| Fees | $41,425 | $706,923 | $2.29m | $3.95m | $4.4m | $2.8m | $879,899 |
| Revenue | $19,976 | $125,488 | $561,515 | $871,163 | $836,374 | $729,814 | $182,717 |
| Incentives | $248,787 | $603,253 | $690,397 | $714,176 | $1.63m | $676,565 | $1.34m |
| Earnings | -$228,811 | -$477,765 | -$128,882 | $156,987 | -$795,592 | $53,249 | -$1.16m |
| Token Holder Net Income | $0 | $0 | $431,815 | $871,163 | $836,374 | $729,814 | $182,717 |