Knit Finance

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

Knit Finance's governance or utility token carries a market capitalisation of 12 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (12 mil US$) is small relative to deposits secured by the protocol (383,9 mil US$); a mcap/TVL multiple of 0.03× 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.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Nov 25, 2021
   Listado en DeFiLlama

Knit Finance is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 18 chains, including Ethereum, Polygon, Kava, Avalanche and 14 other chains. The codebase has been independently audited (1 report on file).

Knit Finance runs a multi-chain deployment, with smart contracts live on 18 networks. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Polygon, Kava), so a fault on any one of them would affect a large slice of users. Price discovery relies on 2 oracle providers (Internal, DIA), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (12 mil US$) is small relative to TVL (383,9 mil US$) — a mcap/TVL ratio of 0.03 is often read as the token being structurally undervalued versus the activity it secures.

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

Knit Finance is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure 30,4 mil M US$ in deposits, giving you a frame of reference for whether Knit Finance's own TVL is at the top, middle, or tail of the category.

WBTC

TVL 8662,9 M US$ · 24h +0.07%

Coinbase Bridge

TVL 5443,4 M US$ · 24h +0.61%

Binance Bitcoin

TVL 5060,9 M US$ · 24h +0.14%

Hyperliquid Bridge

TVL 4541,3 M US$ · 24h +0.55%

USDT0

TVL 4242 M US$ · 24h +1.96%

JustCryptos

TVL 2442,9 M US$ · 24h +0.44%