Ask about Pine Protocol
Logo of Pine ProtocolPine Protocol(PINE)
Total Value Locked$23,649.3

TVL by Chain

Ethereum$23,533.78

Polygon$115.52

Key Metrics

Market Cap$361,347

$PINE Price$0.0018

All Time High$0.74

All Time Low$0.0012

View $PINE token page

$361,347

$PINE Volume 24h$21.88

CEX Volume$7.98

DEX Volume$49.15(224.63% of total)

Active Loans$265,608.46

Total Raised$4.5m

May 19, 2022$1.5mRound: Seed

Dec 16, 2022$3mRound: PrivateInvestors: Amber Group, Sparkle Ventures, Shima Capital, The Lao, MapleBlock Capital, The Spartan Group

Protocol Information

Non-custodial decentralized asset-backed lending protocol that allows borrowers to borrow fungible digital tokens from lenders using non-fungible tokens as collateral.

WebsiteTwitter
Category:NFT Lending

Methodology

TVL: value of NFTs locked in pools as taken as tvl, tokens borrowed against it is counted towards borrowedView code on GitHub

Hacks

Date: Dec 22, 2023

Amount: $95,000

Classification: Protocol Logic

Technique: Swap Logic Flaw

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Revest Finance ($110,612.56)Blur Lending ($8.07m)Gondi V3 ($2.98m)JPEG'd ($586,053.51)BendDAO Lending V1 ($565,910.24)Arcade.xyz ($219,066.76)Llamalend ($22,288.16)OpenSky Finance ($21,334.52)MMO Finance ($18,306.54)NFTfi ($16,401.02)

Frequently Asked Questions

What is Pine Protocol's TVL?

Pine Protocol currently has $23,649.3 in total value locked. TVL has increased 31% over the past 30 days.

What chains does Pine Protocol operate on?

Pine Protocol operates on 2 chains: Polygon and Ethereum. Ethereum holds the largest share at 99.5%.

What is the PINE token price and valuation?

PINE is currently trading at $0.0018. Its circulating market capitalization is $361,347, ranking it #4,540. Its fully diluted valuation is $361,347. Supply currently stands at 199.58m circulating, 199.58m total supply, 200m maximum supply.

How has PINE performed recently?

PINE is up 1.1% over the past 7 days and up 1.8% over the past 30 days. Its all-time high is $0.74, reached on Feb 14, 2023. The token is currently 99.8% below that level.

How does Pine Protocol's TVL compare to similar protocols?

Among NFT Lending protocols tracked by DefiLlama, Pine Protocol ranks #9 by TVL. The category holds $12.85m across 32 protocols, and Pine Protocol accounts for 0.2% of that total. Other leading protocols include Revest Finance, Blur Lending, Gondi V3, JPEG'd, BendDAO Lending V1, Arcade.xyz, Llamalend, OpenSky Finance, MMO Finance, and NFTfi.

How much has been borrowed through Pine Protocol?

Pine Protocol currently has $265,608.46 in active loans.

Has Pine Protocol ever been exploited?

Pine Protocol has 1 recorded security incident. The most recent incident occurred on Dec 22, 2023 and involved $95,000. It was classified as Protocol Logic.