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Balancer(BAL)

Total Value Locked$45.5m

TVL by Chain

Ethereum$34.43m

Monad$3.91m

Polygon$2.56m

Arbitrum$2.06m

Base$1.2m

Hyperliquid L1$435,652

OP Mainnet$373,336

Gnosis$286,936

Avalanche$170,165

Plasma$31,021

Mode$19,235

Fraxtal$10,298

Polygon zkEVM$0

Key Metrics

Fees 30d$220,179
Fees 30d by chain

Ethereum$97,963

Polygon$62,938

Base$25,418

Monad$19,902

Arbitrum$11,143

Gnosis$1,004

Avalanche$898.10

OP Mainnet$821.46

Hyperliquid L1$64.66

Plasma$16.52

Mode$7.89

Fraxtal$1.74

Fees 7d$45,784

Ethereum$20,895

Polygon$16,654

Monad$3,946

Arbitrum$2,827

Base$968.59

OP Mainnet$203.33

Gnosis$159.75

Avalanche$116.24

Hyperliquid L1$7.36

Plasma$3.35

Mode$2.89

Fraxtal$0.34

Fees 24h$9,316

Polygon$4,439

Ethereum$3,267

Arbitrum$857

Monad$515

Base$170

Gnosis$25.36

OP Mainnet$23.90

Avalanche$16.06

Mode$1.53

Plasma$0.49

Hyperliquid L1$0.41

Fraxtal$0.08

Cumulative Fees$301.73m

Ethereum$279.1m

Polygon$7.1m

Arbitrum$5.01m

Base$4.34m

Gnosis$2.75m

Plasma$1.36m

Avalanche$924,694

OP Mainnet$859,035

Monad$199,367

Hyperliquid L1$60,791

Mode$22,682

Fraxtal$5,209

Polygon zkEVM$7

Revenue 30d$87,063
Revenue 30d by chain

Ethereum$35,808

Polygon$31,469

Base$11,653

Arbitrum$3,985

Monad$3,160

Gnosis$487.84

Avalanche$305.60

OP Mainnet$171.41

Hyperliquid L1$14.21

Mode$3.96

Plasma$2.58

Fraxtal$0.85

Revenue 7d$17,671

Polygon$8,326

Ethereum$7,179

Arbitrum$1,099

Monad$660

Base$245.26

Gnosis$78.25

OP Mainnet$44.70

Avalanche$35.34

Hyperliquid L1$1.81

Mode$1.44

Plasma$0.45

Fraxtal$0.17

Revenue 24h$3,975

Polygon$2,219

Ethereum$1,240

Arbitrum$346

Monad$87

Base$57

Gnosis$13.08

Avalanche$6.38

OP Mainnet$5.21

Mode$0.76

Hyperliquid L1$0.10

Plasma$0.06

Fraxtal$0.04

Cumulative Revenue$64.59m

Ethereum$54.6m

Polygon$3.54m

Arbitrum$2.17m

Base$1.8m

Gnosis$1.28m

Plasma$459,752

OP Mainnet$390,690

Avalanche$289,511

Monad$25,312

Hyperliquid L1$16,714

Mode$11,344

Fraxtal$2,605

Polygon zkEVM$277

Holders Revenue 30d$0
Holders Revenue 30d by chain

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Hyperliquid L1$0

Mode$0

Monad$0

OP Mainnet$0

Plasma$0

Polygon$0

Holders Revenue 7d$0

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Hyperliquid L1$0

Mode$0

Monad$0

OP Mainnet$0

Plasma$0

Polygon$0

Holders Revenue 24h$0

Arbitrum$0

Avalanche$0

Base$0

Ethereum$0

Fraxtal$0

Gnosis$0

Hyperliquid L1$0

Mode$0

Monad$0

OP Mainnet$0

Plasma$0

Polygon$0

Cumulative Holders Revenue$39.92m

Ethereum$33.56m

Polygon$2.11m

Arbitrum$1.34m

Base$1.27m

Gnosis$800,137

Plasma$378,885

OP Mainnet$243,490

Avalanche$198,450

Hyperliquid L1$11,490

Mode$6,967

Monad$3,535

Fraxtal$1,602

Polygon zkEVM$170.35

Incentives 1y$1.09m

$18.29

$7.12

$0

$416.5m

Earnings (Annualized)$1.43m

$87,045

$17,664

$3,975

-$351.91m

DEX Volume 30d$265.47m
DEX Volume 30d by chain

Polygon$108.77m

Monad$74.2m

Ethereum$45.34m

Base$24.26m

Arbitrum$10.59m

Avalanche$897,183

OP Mainnet$549,571

Gnosis$507,821

Hyperliquid L1$337,532

Plasma$8,707

Fraxtal$3,307

Mode$3,172

DEX Volume 7d$56.51m

Polygon$31.29m

Monad$12.63m

Ethereum$8.44m

Arbitrum$2.91m

Base$849,541

OP Mainnet$163,260

Avalanche$105,422

Gnosis$101,027

Hyperliquid L1$11,713

Plasma$1,805

Mode$1,223

Fraxtal$639

DEX Volume 24h$14.47m

Polygon$8.98m

Monad$3.3m

Ethereum$1.25m

Arbitrum$725,765

Base$156,879

OP Mainnet$34,057

Gnosis$16,487

Avalanche$10,052

Hyperliquid L1$1,713

Mode$709

Plasma$177

Fraxtal$142

Cumulative DEX Volume$133.56b

Ethereum$109.936b

Polygon$8.403b

Arbitrum$7.565b

Gnosis$2.989b

Base$2.383b

Plasma$924.7m

Avalanche$647.98m

Monad$576.73m

Hyperliquid L1$35.75m

OP Mainnet$32.34m

Fraxtal$28.78m

Polygon zkEVM$26.03m

Mode$11.2m

Market Cap$8.95m

$BAL Price$0.13

All Time High$74.45

All Time Low$0.086

View $BAL token page

$9.27m

$9.27m

$BAL Volume 24h$444,109

CEX Volume$301,818

DEX Volume$135,444(30.5% of total)

Treasury$13.16m

$2.7m

Stablecoins$6.74m

Own Tokens$429,763

Others$3.29m

Total Raised$39.25m

Mar 24, 2020$3mRound: SeedInvestors: Accomplice, Placeholder, CoinFund, Inflection

Nov 9, 2020$7mRound: Series AInvestors: Pantera Capital, Alameda Research, Accomplice

Feb 10, 2021$5mRound: Investors: DeFiance Capital, 3AC

May 27, 2021$24.25mRound: Investors: Blockchain Capital, FinTech Collective, Longhash Ventures, Fenbushi Capital, Continue Capital, Kain Warwick

Protocol Information

Balancer is a decentralized automated market maker (AMM) protocol built on Ethereum that represents a flexible building block for programmable liquidity.

WebsiteGitHubX/TwitterSafe Harbor Agreement
Category:Dexs
Products:

Yields

Pools Tracked207

Average Supply APY2.94%

User Activity

Active Addresses (24h)36

New Addresses (24h)4

Transactions (24h)603

Gas Used (24h)24.01 ETH

Gas Cost (24h)$19.70

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Balancer V1 - Swap fees paid by traders on the counted swaps, at each pool's own swap feeView code on GitHubBalancer V2 - All trading fees collected (includes swap and yield fee)View code on GitHubBalancer V3 - Fees earned from all the trades and yields.View code on GitHub

Revenue:

Balancer V1 - Balancer V1 takes no protocol fee, so protocol revenue is zeroView code on GitHubBalancer V2 - Balancer V2 protocol collects 50% swap fees as revenue.View code on GitHubBalancer V3 - Revenue earned by the protocol and holders, which is 25% ( 50 % before 2026-04-23 ) of the trade fees and 10% of the yield capture.View code on GitHub

Holders Revenue:

Balancer V1 - Money going to governance token holdersView code on GitHubBalancer V2 - Share of revenue to veBAL holders (None after 2026-04-23)View code on GitHubBalancer V3 - Portion of protocol revenue distributed to token holders (e.g., veBAL/BAL) (82.5 % of revenue before 2026-04-23, 0 % of revenue after )View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

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: Aug 27, 2023

Protocol: Balancer V2

Amount: $800,000

Classification: Oracle Manipulation

Technique: Spot Price Manipulation

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Date: Sep 19, 2023

Protocol: Balancer V2

Amount: $238,000

Classification: Frontend & Infrastructure

Technique: Frontend Compromise

Chains: Ethereum

Target Type: DeFi Protocol

Date: Nov 3, 2025

Protocol: Balancer V2

Amount: $128m

Classification: Token & Share Accounting

Technique: Rounding Error

Chains: Ethereum, Arbitrum, Base, Polygon, Sonic, Optimism

Language: Solidity

Target Type: DeFi Protocol

Date: Aug 30, 2026

Protocol: Balancer V1

Amount: $234,000

Classification: Token & Share Accounting

Technique: Rounding Error

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Curve DEX ($1.244b)Uniswap V3 ($1.615b)WOOFi Swap ($3.49m)SushiSwap V3 ($44.04m)SushiSwap ($39.28m)Wombat Exchange ($1.06m)Gyroscope Protocol ($421,813)Archly V2 ($1,134)Uniswap V4 ($1.277b)Uniswap V2 ($1.056b)

Frequently Asked Questions

What is Balancer's TVL?

Balancer currently has $45.5m in total value locked. TVL has decreased 27.2% over the past 30 days.

What chains does Balancer operate on?

Balancer operates on 13 chains: Ethereum, Polygon, Arbitrum, Base, and Gnosis and 8 others. Ethereum holds the largest share at 75.7%.

How much has Balancer generated in fees and revenue?

Over the past 30 days, Balancer generated $220,179 in fees. Of that, $87,063 was protocol revenue. Based on the trailing year, the annualized rate is $7.55m in fees and $2.52m in revenue.

What is the BAL token price and valuation?

BAL is currently trading at $0.13. Its circulating market capitalization is $8.94m, ranking it #1,624. Its fully diluted valuation is $9.27m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.

How has BAL performed recently?

BAL is down 3.5% over the past 7 days and up 15.5% over the past 30 days. Its all-time high is $74.45, reached on May 4, 2021. The token is currently 99.8% below that level.

How does Balancer's TVL compare to similar protocols?

Among Dexs protocols tracked by DefiLlama, Balancer ranks #27 by TVL. The category holds $14.098b across 1,935 protocols, and Balancer accounts for 0.3% of that total. Other leading protocols include Curve DEX, Uniswap V3, WOOFi Swap, SushiSwap V3, SushiSwap, Wombat Exchange, Gyroscope Protocol, Archly V2, Uniswap V4, and Uniswap V2.

How much trading volume does Balancer process?

Balancer processed $265.47m in DEX volume over the past 30 days.

Does Balancer have a treasury?

Balancer has a tracked treasury currently valued at $13.16m. Its holdings include $6.74m in stablecoins, $2.7m in major assets, $429,763 in its own tokens, $3.29m in other assets.

Has Balancer ever been exploited?

Balancer has 4 recorded security incidents. The most recent incident occurred on Aug 30, 2026 and involved $234,000. It was classified as Token & Share Accounting.