TrueFi

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

TrueFi's governance or utility token carries a market capitalisation of 8,3 M US$ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (8,3 M US$) above the protocol's on-chain TVL (21,7 mil US$) — a mcap/TVL multiple of 382.48× implies investors are paying for expected future fee flows rather than current deposits alone. A further 200,1 mil US$ 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.

TrueFi is a Uncollateralized 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 Ethereum, Arbitrum. The codebase has been independently audited (1 report on file).

TrueFi operates on 2 networks (Ethereum, Arbitrum), keeping its surface area narrower than chain-agnostic peers. Roughly 99% of its on-chain value sits on just three networks (borrowed, Ethereum-borrowed, Ethereum-staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (8,3 M US$) currently exceeds total value locked (21,7 mil US$) — a mcap/TVL ratio of 382.48 suggests the market is pricing in more growth than current deposits support.

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

TrueFi is one of 7 Uncollateralized Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include 3Jane Lending, Wildcat Protocol, Clearpool Lending, and 3 more. These peer protocols collectively secure 24 M US$ in deposits, giving you a frame of reference for whether TrueFi's own TVL is at the top, middle, or tail of the category.

3Jane Lending

TVL 13,8 M US$ · 24h -0.19%

Wildcat Protocol

TVL 9,2 M US$ · 24h -5.32%

Clearpool Lending

TVL 629,7 mil US$ · 24h -0.08%

Union Protocol

TVL 267,7 mil US$ · 24h +0.02%

Accountable

TVL 73,2 mil US$

Ribbon Lend

TVL 52,7 mil US$ · 24h +0.00%