Skip to main content
Mantapex
Drops
Drops
DOPNFT Lending
DeFiLlama NFT Lending·$13K TVL·-0.84% 1h·-0.28% 24h·+14.98% 7d·$38.4K MCap

Track Your DeFi Wallet

Import your wallet to see all positions across 50+ chains

Protocol TVL

Loading chart…

About Drops

Get more value from your NFT & DeFi assets

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

Drops tokenomics and on-chain capital

Drops's governance or utility token carries a market capitalisation of $38.4K based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($38.4K) above the protocol's on-chain TVL ($13K) — a mcap/TVL multiple of 2.96× implies investors are paying for expected future fee flows rather than current deposits alone.

Token market cap
$38.4K
Circulating supply × price
Mcap / TVL ratio
2.96×
Valuation vs deposits

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.

Drops Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Dec 8, 2021
    Listed on DeFiLlama
  2. May 20, 2022
    DOP staking
  3. May 4, 2022
    Drops DAO launch

Protocol Profile

Drops is a NFT Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Ethereum. DeFiLlama tracks 2 historical events for this protocol since 2022.

TVL Distribution by Chain

TVL spans 5 chains across the deployment. See the breakdown below for per-chain values.

Ethereum-borrowed
$1.7M(49.8%)
borrowed
$1.7M(49.8%)
Ethereum
$13K(0.4%)
Ethereum-pool2
$1.6K(0.0%)
pool2
$1.6K(0.0%)

Supported Chains

Ethereum

Protocol Footprint

Drops is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Ethereum-borrowed, borrowed, Ethereum), so a fault on any one of them would affect a large slice of users. Its token market cap ($38.4K) currently exceeds total value locked ($13K) — a mcap/TVL ratio of 2.96 suggests the market is pricing in more growth than current deposits support.

Official Resources & Links

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

Project Website
drops.co
Twitter / X — @dropsnft
twitter.com
Token on CoinGecko
coingecko.com
Token on CoinMarketCap
coinmarketcap.com

Other NFT Lending protocols on Mantapex

Drops is one of 7 NFT Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Blur Lending, Bitty, Gondi V3, and 3 more. These peer protocols collectively secure $3.4M in deposits, giving you a frame of reference for whether Drops's own TVL is at the top, middle, or tail of the category.

Blur Lending
Blur Lending
TVL $1.3M · 24h +0.62%
Bitty
Bitty
TVL $546.5K · 24h +0.56%
Gondi V3
Gondi V3
TVL $526.9K · 24h +0.73%
JPEG'd
JPEG'd
TVL $499.7K · 24h +0.67%
Arcade.xyz
Arcade.xyz
TVL $334.9K
Sharky
Sharky
TVL $178.2K · 24h +6.22%
Browse all NFT Lending protocols on Mantapex

Recent Drops news

Latest reporting from major crypto news outlets covering Drops.

Related protocols

Other DeFi protocols connected to Drops by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

Your Crypto Portfolio — Free Forever

Paste any wallet to see tokens, DeFi & NFTs across 50+ chains. Add exchanges, Polymarket & Kalshi anytime — all in one portfolio.

Polymarket
Kalshi
50+ Chains
40+ Exchanges
DeFi
NFTs
16K+ Tokens
No signup required· No credit card· Results in seconds