Multiplier

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

Multiplier's governance or utility token carries a market capitalisation of US$7180.1 based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (US$7180.1) is small relative to deposits secured by the protocol (US$3.7万); a mcap/TVL multiple of 0.20× 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.

Multiplier 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, Ethereum. The codebase has been independently audited (1 report on file).

Multiplier operates on 2 networks (Binance, Ethereum), keeping its surface area narrower than chain-agnostic peers. Roughly 95% of its on-chain value sits on just three networks (Binance, Ethereum, Binance-borrowed), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (US$7180.1) is small relative to TVL (US$3.7万) — a mcap/TVL ratio of 0.20 is often read as the token being structurally undervalued versus the activity it secures.

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

Multiplier 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 US$433.5亿 in deposits, giving you a frame of reference for whether Multiplier's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL US$261.7亿 · 24h +0.16%

Morpho V1

TVL US$70.4亿 · 24h +0.57%

JustLend

TVL US$34.1亿 · 24h +1.86%

Maple

TVL US$24.2亿 · 24h -1.17%

SparkLend

TVL US$22.4亿 · 24h +3.62%

Kamino Lend

TVL US$20.8亿 · 24h -0.02%