Nexo

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.

We are not counting money in defi Protocols. In this case around $1.49m in AAVE (Ethereum and polygon network), around $2.4m into notional (Ethereum network), around $660k into beethoven (Fantom network), around $130k into Harvest (BSC chain). We may also not counting a few small token balances. This data was collected on 14/01/2023

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

Nexo's governance or utility token carries a market capitalisation of $916.2M based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($916.2M) above the protocol's on-chain TVL ($373.4M) — a mcap/TVL multiple of 2.45× implies investors are paying for expected future fee flows rather than current deposits alone.

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.

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

1. Jan 14, 2023
   Listed on DeFiLlama

Nexo operates in the CEX category of DeFi. It is deployed across 7 chains, including Ethereum, Binance, Polygon, Avalanche and 3 other chains. No public audit reports are listed on DeFiLlama for this protocol.

Nexo runs a multi-chain deployment, with smart contracts live on 7 networks. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Binance, Polygon), so a fault on any one of them would affect a large slice of users. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Its token market cap ($916.2M) currently exceeds total value locked ($373.4M) — a mcap/TVL ratio of 2.45 suggests the market is pricing in more growth than current deposits support.

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

Nexo is one of 7 CEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Binance CEX, OKX, Bitfinex, and 3 more. These peer protocols collectively secure $228.7B in deposits, giving you a frame of reference for whether Nexo's own TVL is at the top, middle, or tail of the category.

Binance CEX

TVL $156.8B · 24h -0.04%

OKX

TVL $18.8B · 24h +0.04%

Bitfinex

TVL $17.5B · 24h -0.47%

Bybit

TVL $16.3B · 24h -0.15%

Robinhood

TVL $13.6B · 24h +0.23%

Bitget

TVL $5.7B · 24h -0.88%