Ask about Balancer · freeTotal Value Locked$45.67m
TVL by Chain
Ethereum$34.66m
Monad$3.91m
Polygon$2.67m
Arbitrum$2.07m
Base$1.21m
OP Mainnet$375,686
Gnosis$287,512
Hyperliquid L1$260,605
Avalanche$171,900
Plasma$31,133
Mode$19,165
Fraxtal$10,318
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$924,693
OP Mainnet$859,036
Monad$199,527
Hyperliquid L1$60,785
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$289,510
Monad$25,330
Hyperliquid L1$16,713
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$133.562b
Ethereum$109.936b
Polygon$8.405b
Arbitrum$7.565b
Gnosis$2.989b
Base$2.383b
Plasma$924.7m
Avalanche$647.98m
Monad$577.91m
Hyperliquid L1$35.75m
OP Mainnet$32.35m
Fraxtal$28.78m
Polygon zkEVM$26.03m
Mode$11.2m
Market Cap$8.91m
$BAL Price$0.13
$9.23m
$9.23m
$BAL Volume 24h$454,582
CEX Volume$310,470
DEX Volume$143,817(31.64% 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.
- Balancer V3Dexs
- Balancer V2Dexs
- Balancer V1Dexs
- Balancer CoW AMMDexs
Yields
Pools Tracked207
Average Supply APY3.69%
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:
Revenue:
Holders Revenue:
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
Frequently Asked Questions
What is Balancer's TVL?
Balancer currently has $45.67m in total value locked. TVL has decreased 26.9% 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 75.9%.
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 $8.92m, ranking it #1,621. Its fully diluted valuation is $9.24m. Supply currently stands at 69.83m circulating, 72.37m total supply, 96.15m maximum supply.
How has BAL performed recently?
BAL is down 5% over the past 7 days and up 12.1% 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 $14.102b across 1,936 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.