Tranche Finance

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

Tranche Finance's governance or utility token carries a market capitalisation of US$17.8万 based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (US$17.8万) above the protocol's on-chain TVL (US$3.7万) — a mcap/TVL multiple of 4.81× 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.

Tranche Finance operates in the Yield category of DeFi. It is deployed across 4 chains, including Ethereum, Polygon, Avalanche, Fantom. The codebase has been independently audited (1 report on file).

Tranche Finance operates on 4 networks (Ethereum, Polygon, Avalanche, Fantom), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Polygon, Avalanche), 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 (US$17.8万) currently exceeds total value locked (US$3.7万) — a mcap/TVL ratio of 4.81 suggests the market is pricing in more growth than current deposits support.

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

Tranche Finance is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure US$51.9亿 in deposits, giving you a frame of reference for whether Tranche Finance's own TVL is at the top, middle, or tail of the category.

Pendle

TVL US$22.7亿 · 24h +0.37%

Spark Savings

TVL US$14.2亿 · 24h +0.35%

Convex Finance

TVL US$7.2亿 · 24h +0.66%

Multipli.fi

TVL US$3.4亿 · 24h -0.01%

Strata Markets

TVL US$2.6亿 · 24h +0.70%

infiniFi

TVL US$1.8亿 · 24h +1.74%