Ask about Spiko
Total Value Locked$2.624b
TVL by Chain
Stellar$1.582b
Arbitrum$572.83m
Ethereum$222.34m
Polygon$171.52m
Base$38.3m
Starknet$32.25m
Etherlink$4.91m
Key Metrics
Fees 30d$3.6m
Fees 30d by chain
Stellar$2.64m
Ethereum$345,607
Arbitrum$321,340
Polygon$225,746
Base$44,552
Starknet$19,967
Etherlink$1,022
Fees 7d$804,347
Stellar$590,531
Ethereum$79,842
Arbitrum$75,701
Polygon$48,723
Base$9,314
Etherlink$236
Starknet$0
Fees 24h$6,869
Arbitrum$2,721
Stellar$2,712
Ethereum$737
Polygon$515
Base$151
Etherlink$33
Starknet$0
Cumulative Fees$14.61m
Polygon$6.64m
Stellar$5.07m
Ethereum$1.63m
Arbitrum$1.07m
Base$107,030
Starknet$75,058
Etherlink$13,883
Revenue 30d$512,868
Revenue 30d by chain
Stellar$323,419
Arbitrum$94,876
Ethereum$45,938
Polygon$34,683
Base$7,983
Starknet$4,953
Etherlink$1,016
Revenue 7d$123,077
Stellar$78,315
Arbitrum$23,080
Ethereum$11,577
Polygon$8,041
Base$1,830
Etherlink$234
Starknet$0
Revenue 24h$6,869
Arbitrum$2,721
Stellar$2,712
Ethereum$737
Polygon$515
Base$151
Etherlink$33
Starknet$0
Cumulative Revenue$1.89m
Stellar$649,395
Polygon$635,282
Ethereum$312,179
Arbitrum$252,246
Base$18,295
Starknet$14,369
Etherlink$3,324
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 $2.624b in total value locked. TVL has increased 8.3% over the past 30 days.
What chains does Spiko operate on?
Spiko operates on 7 chains: Etherlink, Ethereum, Base, Starknet, and Polygon 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 $3.6m in fees. Of that, $512,868 was protocol revenue. Based on the trailing year, the annualized rate is $10.47m in fees and $1.48m 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 $27.593b 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.