Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$11.29m

TVL by Chain

Ethereum$10.63m

Sonic$657,583.96

Key Metrics

Fees 30d$143,007.8
Fees 30d by chain

Ethereum$138,095.57

Sonic$4,914.22

Fees 7d$42,859.92

Ethereum$41,512.37

Sonic$1,348.98

Fees 24h$16,734.24

Ethereum$16,557.92

Sonic$176.32

Cumulative Fees$4.3m

Ethereum$4.28m

Sonic$15,519.76

Revenue 30d$132,646.39
Revenue 30d by chain

Ethereum$132,555.24

Sonic$92.08

Revenue 7d$39,882.92

Ethereum$39,848.37

Sonic$34.98

Revenue 24h$16,329.24

Ethereum$16,328.92

Sonic$0.32

Cumulative Revenue$4.28m

Ethereum$4.27m

Sonic$2,999.27

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$49.13m

$FT Price$0.1

All Time High$0.11

All Time Low$0.067

View $FT token page

$84.48m

$FT Volume 24h$213,072

CEX Volume$109,186

DEX Volume$103,930.15(48.78% of total)

Active Loans$4.1m

Treasury$48.98m

$10.99m

Stablecoins$37.9m

Own Tokens$2,948.2

Others$86,774.6

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.

WebsiteTwitterSafe 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 APY9.87%

Frequently Asked Questions

What is Flying Tulip's TVL?

Flying Tulip currently has $11.29m in total value locked. TVL has decreased 15.8% 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 94.2%.

How much has Flying Tulip generated in fees and revenue?

Over the past 30 days, Flying Tulip generated $143,007.8 in fees. Of that, $132,646.39 was protocol revenue. Based on the trailing year, the annualized rate is $6.62m in fees and $6.59m in revenue.

What is the FT token price and valuation?

FT is currently trading at $0.1. Its circulating market capitalization is $49.13m, ranking it #607. Its fully diluted valuation is $84.48m. Supply currently stands at 493.33m circulating, 848.35m total supply, 848.35m maximum supply.

How has FT performed recently?

FT is down 1.7% over the past 7 days and up 2.2% over the past 30 days. Its all-time high is $0.11, reached on Jun 10, 2026. The token is currently 10.3% 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 $4.1m in active loans.

Does Flying Tulip have a treasury?

Flying Tulip has a tracked treasury currently valued at $48.98m. Its holdings include $37.9m in stablecoins, $10.99m in major assets, $2,948.2 in its own tokens, $86,774.6 in other assets.