Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$11.04m

TVL by Chain

Ethereum$10.42m

Sonic$616,905.22

Key Metrics

Fees 30d$143,220.36
Fees 30d by chain

Ethereum$138,239.55

Sonic$4,981.88

Fees 7d$41,694.42

Ethereum$40,413.89

Sonic$1,281.97

Fees 24h$3,377.22

Ethereum$3,200.05

Sonic$177.17

Cumulative Fees$4.31m

Ethereum$4.29m

Sonic$15,875.08

Revenue 30d$132,607.95
Revenue 30d by chain

Ethereum$132,517.14

Sonic$91.74

Revenue 7d$38,834.42

Ethereum$38,822.89

Sonic$11.97

Revenue 24h$2,973.22

Ethereum$2,973.05

Sonic$0.17

Cumulative Revenue$4.28m

Ethereum$4.28m

Sonic$2,999.59

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$50.54m

$FT Price$0.1

All Time High$0.11

All Time Low$0.067

View $FT token page

$86.95m

$FT Volume 24h$270,152

CEX Volume$119,932

DEX Volume$152,483.6(56.44% of total)

Active Loans$3.98m

Treasury$48.3m

$10.35m

Stablecoins$37.86m

Own Tokens$2,923.74

Others$83,239.95

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 APY10.18%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $11.04m in total value locked. TVL has decreased 9% 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 94.4%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $143,220.36 in fees. Of that, $132,607.95 was protocol revenue. Based on the trailing year, the annualized rate is $6.6m in fees and $6.56m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.1. Its circulating market capitalization is $50.54m, ranking it #581. Its fully diluted valuation is $86.95m. Supply currently stands at 493.06m circulating, 848.35m total supply, 848.35m maximum supply.

How has FT performed recently?

FT is down 1.3% over the past 7 days and up 3% over the past 30 days. Its all-time high is $0.11, reached on Jun 10, 2026. The token is currently 7.7% 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 $3.98m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.3m. Its holdings include $37.86m in stablecoins, $10.35m in major assets, $2,923.74 in its own tokens, $83,239.95 in other assets.