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Lending protocol

Fluid

Live data · updated every hour

Fluid, built by the team behind Instadapp, combines a lending protocol and an exchange on a shared liquidity layer.

TVL rank#21CategoryLendingChains5SinceFeb 2024
All DeFi protocols
Total value locked$969M−0.4% in 24h · −1.9% in 7d
Fees · 24h$109K$3.75M over 30 days
Revenue · 24h$17K$7.18M annualized
Revenue share16%Share of fees kept over 30 days
FLUID price$2.00−4.4% in 24h
Market cap$170MFully diluted $200M
Mcap / TVL0.18Token value per $1 locked
Chains578.0% on Ethereum

Fluid TVL

Assets deposited in Fluid across 5 chains, in US dollars.

Value locked$969M1.00% of all DeFi
Change · 1Y−$1.53B−61.2% over the period
Period high$2.68BOct 9, 2025
Period low$675MJun 7, 2026
Total value locked Touch the chart for valuesHover the chart for values

Supported chains

Deployed on 5 chains. Ethereum holds 78.0% of deposits.

Fees & revenue

Monthly fees paid by users and the share Fluid keeps as revenue. The current month is to date.

Fees · 30d$3.75M$974K in the past 7 days
Revenue · 30d$590K$142K in the past 7 days
Annualized revenue$7.18MPast 30 days, annualized
Price to sales23.6×Market cap ÷ annualized revenue
FeesRevenue Last 12 months

About Fluid

What it does, how it earns and what the FLUID token is for.

Fluid is a decentralized finance protocol for lending and borrowing. Its developers say it exists to make this lending easier, safer and more efficient.

Collateral and debt on Fluid are also trading liquidity, and open positions earn swap fees. FLUID is the protocol token, and its holders govern the protocol with it.

CategoryLending
LaunchedFeb 2024
Chains5
TVL rank#21 of 32
FLUID token$2.00−4.4%
Market cap$170M
Fully diluted value$200M
Circulating supply83.7M FLUID
Max supply100M FLUID
Mcap / TVL0.18
83.7% of max supply in circulation

Fluid FAQ

Short answers to what people ask most.

Fluid accepts deposits on 5 chains, and the largest share sits on Ethereum, as of 2026.

Fluid takes a share of the fees its users pay as protocol revenue, as of 2026.

Fluid was built by the team behind Instadapp, a place where people and coders can run and create their DeFi holdings.

Fluid news

Coverage of the protocol, its category and its chain.

All news

Similar protocols

Other lending protocols, ranked by value locked.

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