Ask about Spiko
Total Value Locked$2.626b
TVL by Chain
Stellar$1.583b
Arbitrum$573.42m
Ethereum$222.44m
Polygon$171.68m
Base$38.33m
Starknet$32.28m
Etherlink$4.91m
Key Metrics
Fees 30d$3.48m
Fees 30d by chain
Stellar$2.56m
Ethereum$335,270
Arbitrum$308,743
Polygon$218,775
Base$43,301
Starknet$20,193
Etherlink$1,021
Fees 7d$893,550
Stellar$672,779
Ethereum$79,751
Arbitrum$76,305
Polygon$54,403
Base$10,075
Etherlink$237
Starknet$0
Fees 24h$134,361
Stellar$97,132
Arbitrum$15,830
Ethereum$11,727
Polygon$8,126
Base$1,512
Etherlink$34
Starknet$0
Cumulative Fees$14.61m
Polygon$6.64m
Stellar$5.07m
Ethereum$1.63m
Arbitrum$1.07m
Base$106,879
Starknet$75,058
Etherlink$13,850
Revenue 30d$511,692
Revenue 30d by chain
Stellar$322,759
Arbitrum$94,270
Ethereum$45,810
Polygon$34,675
Base$7,983
Starknet$5,179
Etherlink$1,016
Revenue 7d$122,616
Stellar$78,552
Arbitrum$22,350
Ethereum$11,634
Polygon$8,012
Base$1,833
Etherlink$235
Starknet$0
Revenue 24h$17,630
Stellar$10,819
Arbitrum$3,837
Ethereum$1,517
Polygon$1,162
Base$262
Etherlink$33
Starknet$0
Cumulative Revenue$1.88m
Stellar$646,685
Polygon$634,767
Ethereum$311,442
Arbitrum$249,526
Base$18,145
Starknet$14,369
Etherlink$3,291
Total Raised$22m
Jul 17, 2025$22mRound: Series AInvestors: Index Ventures, Blockwall Management, White Star Capital, BPI France, Frst, Rerail
Protocol Information
Spiko USTBL / EUTBL are Tokenized Money Market Funds regulated by the French Financial Markets Authority that invest in US T-Bills / Eurozone T-Bills
Sub Category: Treasury Bills
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Net NAV growth from Spiko funds (USTBL/EUTBL/UKTBL/SPKCC/eurSPKCC and the SAFO Amundi Overnight Swap funds) distributed to holders, plus Spiko's annual management fee. The published NAV is already net of fees, so the management fee is added on top to reconstruct gross fees.View code on GitHubRevenue: Spiko management fees on assets under management: 0.25%/yr for the T-bill funds (USTBL/EUTBL/UKTBL), 0.10%/yr for the Cash & Carry funds (SPKCC/eurSPKCC), and 0.25%/yr for the Amundi Overnight Swap funds (SAFO/eurSAFO/gbpSAFO/chfSAFO). The Cash & Carry funds also charge a 25% performance fee above the risk-free rate (SOFR) that is not captured, since only the net NAV is published on-chain.View code on GitHubCompetitors
Frequently Asked Questions
What is Spiko's TVL?
Spiko currently has $2.626b in total value locked. TVL has increased 8.4% over the past 30 days.
What chains does Spiko operate on?
Spiko operates on 7 chains: Base, Etherlink, Polygon, Stellar, and Arbitrum and 2 others. Stellar holds the largest share at 60.3%.
How much has Spiko generated in fees and revenue?
Over the past 30 days, Spiko generated $3.48m in fees. Of that, $511,692 was protocol revenue. Based on the trailing year, the annualized rate is $10.33m in fees and $1.47m in revenue.
How does Spiko's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Spiko ranks #3 by TVL. The category holds $27.616b across 168 protocols, and Spiko accounts for 9.5% of that total. Other leading protocols include Midas RWA, VNX, Ondo Yield Assets, Tangible RWA, OpenEden USDO, BackedFi, Mountain Protocol, Boson Protocol, Sweep, and BlackRock BUIDL.