InformationTVLFees and Revenue

Spiko

Total Value Locked$497.81m

TVL by Chain

Arbitrum$219.19m

Polygon$178.26m

Ethereum$48.84m

Starknet$33.53m

Etherlink$11.25m

Base$6.74m

Key Metrics

Fees (Annualized)$894,394

Fees 30d$73,311

Fees 7d$17,324

Fees 24h$2,489

Cumulative Fees$671,717

Revenue (Annualized)$335,476

Revenue 30d$27,498

Revenue 7d$6,497

Revenue 24h$934

Cumulative Revenue$47,331

Total Raised$22m

Jul 17, 2025$22mRound: Series AInvestors: Index Ventures, Blockwall Management, White Star Capital, BPI France, Frst, RerailSource: https://www.spiko.io/blog/spiko-raises-22m-led-by-index-ventures

Protocol Information

Spiko USTBL / EUTBL are Tokenized Money Market Funds regulated by the French Financial Markets Authority that invest in US T-Bills / Eurozone T-Bills

Category:RWA

Sub Category: Treasury Bills

Audits:

WebsiteGitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total yields are generated from investment assets.View code on GitHubRevenue: 15% yields are collected by Spiko protocol.View code on GitHub

Competitors

OpenEden USDO ($249.48m)Tangible RWA ($42.25m)BackedFi ($20.56m)VNX ($11.1m)Mountain Protocol ($1.4m)BlackRock BUIDL ($2.12b)Ethena USDtb ($1.816b)Ondo Yield Assets ($1.406b)Tether Gold ($1.374b)Centrifuge Protocol ($1.144b)

Income Statement for Spiko

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Fees$185,107$182,106$146,450$119,205$38,849$0
Revenue$47,331$0$0$0$0$0
Earnings$47,331$0$0$0$0$0