Nusa

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

Nusa's governance or utility token carries a market capitalisation of $481.9K based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($481.9K) above the protocol's on-chain TVL ($28.8K) — a mcap/TVL multiple of 16.75× implies investors are paying for expected future fee flows rather than current deposits alone. A further $52.5K sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

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. Jun 17, 2025
   Listed on DeFiLlama

Nusa is a 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 across 2 chains, including Binance, Lisk.

Nusa operates on 2 networks (Binance, Lisk), keeping its surface area narrower than chain-agnostic peers. TVL is comparatively balanced across networks: even the largest deployment (Binance-staking) holds only 35% of the protocol's value. Its token market cap ($481.9K) currently exceeds total value locked ($28.8K) — a mcap/TVL ratio of 16.75 suggests the market is pricing in more growth than current deposits support.

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

Nusa is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether Nusa's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL $26.2B · 24h +0.16%

Morpho V1

TVL $7B · 24h +0.57%

JustLend

TVL $3.4B · 24h +1.86%

Maple

TVL $2.4B · 24h -1.17%

SparkLend

TVL $2.2B · 24h +3.62%

Kamino Lend

TVL $2.1B · 24h -0.02%