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Flying Tulip(FT)

Total Value Locked$12.89m

TVL by Chain

Ethereum$11.55m

Sonic$1.34m

Key Metrics

Fees 30d$154,360
Fees 30d by chain

Ethereum$147,738

Sonic$6,625

Fees 7d$37,045

Ethereum$35,274

Sonic$1,771

Fees 24h$5,524

Ethereum$5,284

Sonic$240.39

Cumulative Fees$4.42m

Ethereum$4.4m

Sonic$21,284

Revenue 30d$139,687
Revenue 30d by chain

Ethereum$139,183

Sonic$504.53

Revenue 7d$33,166

Ethereum$32,956

Sonic$210.07

Revenue 24h$4,970

Ethereum$4,959

Sonic$11.39

Cumulative Revenue$4.38m

Ethereum$4.38m

Sonic$3,506

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

Ethereum$0

Sonic$0

Holders Revenue 7d$0

Ethereum$0

Sonic$0

Holders Revenue 24h$0

Ethereum$0

Sonic$0

Cumulative Holders Revenue$0

Ethereum$0

Sonic$0

Market Cap$72.5m

$FT Price$0.15

All Time High$0.17

All Time Low$0.067

View $FT token page

$77m

$FT Volume 24h$47,247

CEX Volume$0

DEX Volume$37,619(79.62% of total)

Active Loans$5.96m

Treasury$47.91m

$10.4m

Stablecoins$37.44m

Own Tokens$4,345

Others$61,652

Total Raised$431.5m

Sep 29, 2025$200mRound: SeedInvestors: Brevan Howard, DWF Labs, CoinFund, Hypersphere Ventures, Lemniscap, Selini Capital, Nascent, Tioga Capital, FalconX, Sigil Fund, Virtuals Protocol, Republic Digital

Jan 29, 2026$25.5mRound: Series AInvestors: Amber Group, Fasanara Capital, Paper Ventures

Feb 23, 2026$206mRound: Public token sale

Protocol Information

Flying Tulip is a unified onchain financial system spanning ftUSD, lending, spot trading, derivatives, insurance, collateral management, and settlement.

WebsiteX/TwitterSafe Harbor Agreement
Categories:LendingYield AggregatorServices
Products:

Methodology

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

Fees:

Flying Tulip Yield - Yield generated from deposited assets in Flying Tulip wrappers + marketplace fees from PUT trades.View code on GitHubFlying Tulip Lend - Sum of (a) borrower interest accrued across every Lend reserve, (b) leverage trading fees from LeverageRfqEngine open/close/collateral-swap events, and (c) RFQ liquidation fees from RfqEngine.View code on GitHubFlying Tulip ftUSD - Mint and redeem fees charged by the ftUSD MintAndRedeem engine on every mint/redeem, summed from Minted and Redeemed events.View code on GitHub

Revenue:

Flying Tulip Yield - Protocol revenue from claimed yield.View code on GitHubFlying Tulip Lend - Leverage trading fees and RFQ liquidation fees flow to the Flying Tulip treasury via feeCollector and liqFeeCollector. Borrower interest does not retain a protocol cut on chain.View code on GitHubFlying Tulip ftUSD - All ftUSD mint/redeem fees are sent to the Flying Tulip treasury via sweepFees, so revenue equals fees.View code on GitHub
Holders Revenue: View code on GitHub

Yields

Pools Tracked2

Average Supply APY10.03%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $12.89m in total value locked. TVL has increased 12.8% over the past 30 days.

What chains does Flying Tulip operate on?

Flying Tulip operates on 2 chains: Ethereum and Sonic. Ethereum holds the largest share at 89.6%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $154,360 in fees. Of that, $139,687 was protocol revenue. Based on the trailing year, the annualized rate is $6.17m in fees and $6.13m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.15. Its circulating market capitalization is $72.5m, ranking it #494. Its fully diluted valuation is $77m. Supply currently stands at 486.36m circulating, 516.5m total supply, 516.5m maximum supply.

How has FT performed recently?

FT is up 14.1% over the past 7 days and up 45.8% over the past 30 days. Its all-time high is $0.17, reached on Oct 6, 2026. The token is currently 10.9% below that level.

Which protocols are included in Flying Tulip?

Flying Tulip is a parent protocol whose tracked products include Flying Tulip Lend, Flying Tulip ftUSD, and Flying Tulip Yield.

How much has been borrowed through Flying Tulip?

Flying Tulip currently has $5.96m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $47.91m. Its holdings include $37.44m in stablecoins, $10.4m in major assets, $4,345 in its own tokens, $61,652 in other assets.