ETH Strategy

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Calculates total USDS TVL from ESPN contract totalAssets() only.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

ETH Strategy's governance or utility token carries a market capitalisation of 790.933,7 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (790.933,7 $) is small relative to deposits secured by the protocol (3,9 Mio. $); a mcap/TVL multiple of 0.20× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Nov 6, 2025
   Auf DeFiLlama gelistet

ETH Strategy operates in the Onchain Capital Allocator category of DeFi. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol.

ETH Strategy is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Its token market cap (790.933,7 $) is small relative to TVL (3,9 Mio. $) — a mcap/TVL ratio of 0.20 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for ETH Strategy — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

ETH Strategy is one of 7 Onchain Capital Allocator protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Spark Liquidity Layer, Veda, Concrete, and 3 more. These peer protocols collectively secure 5,1 Mrd. $ in deposits, giving you a frame of reference for whether ETH Strategy's own TVL is at the top, middle, or tail of the category.

Spark Liquidity Layer

TVL 1,5 Mrd. $ · 24h +4.19%

Veda

TVL 1,3 Mrd. $ · 24h +0.19%

Concrete

TVL 1,1 Mrd. $ · 24h +0.85%

ether.fi Liquid

TVL 496,6 Mio. $ · 24h +0.67%

Upshift

TVL 326,9 Mio. $ · 24h -0.94%

Mellow Core

TVL 296,1 Mio. $ · 24h +4.47%