# Balancer

> Track Balancer's fees, revenue, TVL and active users with daily on-chain data across 11 chains. Compare Balancer with other exchanges (DEX). Updated daily.

Source: [Balancer on Token Terminal](https://tokenterminal.com/explorer/projects/balancer). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: BAL
- Sectors: Exchanges (DEX)
- Chains: arbitrum, avalanche, base, bsc, ethereum, gnosis, hyperevm, monad, optimism, plasma, polygon
- Archived: Token Terminal has discontinued tracking for this project. Data is no longer updated; historical values remain available and accurate.

## About

### What it is

Balancer is a non-custodial exchange protocol built on Ethereum. Balancer was founded by Fernando Martinelli and launched in 2018.

### Who uses it

BAL tokenholders own and govern the protocol. They currently take a cut of the total trading and yield fees (revenue). Balancer's investors include DeFiance Capital, Three Arrows Capital, Alameda Research, etc.

### How it works

Liquidity providers deposit funds into Balancer and receive trading fees from traders (supply-side fees). In addition, Balancer provides liquidity providers with additional yield using boosted pools.

## Metrics

Token Terminal tracks these metrics for Balancer daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/balancer/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/balancer/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/balancer/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/balancer/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/balancer/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/balancer/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/balancer/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/balancer/metrics/token-supply-circulating)
- [Maximum token supply](https://tokenterminal.com/explorer/projects/balancer/metrics/token-supply-maximum)
- [Total value locked](https://tokenterminal.com/explorer/projects/balancer/metrics/tvl)
- [Trading volume](https://tokenterminal.com/explorer/projects/balancer/metrics/trading-volume)
- [Tradeable pairs](https://tokenterminal.com/explorer/projects/balancer/metrics/tradeable-pairs)
- [Tradeable assets](https://tokenterminal.com/explorer/projects/balancer/metrics/tradeable-assets)
- [Flash loan volume](https://tokenterminal.com/explorer/projects/balancer/metrics/flash-loan-volume)
- [Fees](https://tokenterminal.com/explorer/projects/balancer/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/balancer/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/balancer/metrics/revenue)
- [Expenses](https://tokenterminal.com/explorer/projects/balancer/metrics/expenses)
- [Token incentives](https://tokenterminal.com/explorer/projects/balancer/metrics/token-incentives)
- [Earnings](https://tokenterminal.com/explorer/projects/balancer/metrics/earnings)
- [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/balancer/metrics/pf-fully-diluted)
- [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/balancer/metrics/pf-circulating)
- [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/balancer/metrics/ps-fully-diluted)
- [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/balancer/metrics/ps-circulating)
- [Liquidity turnover](https://tokenterminal.com/explorer/projects/balancer/metrics/liquidity-turnover)
- [Treasury](https://tokenterminal.com/explorer/projects/balancer/metrics/treasury)
- [Treasury (net)](https://tokenterminal.com/explorer/projects/balancer/metrics/treasury-net)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/balancer/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/balancer/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/balancer/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/balancer/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/balancer/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/balancer/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/balancer/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/balancer/metrics/code-commits)
- [Trade count](https://tokenterminal.com/explorer/projects/balancer/metrics/trade-count)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/balancer/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/balancer/metrics/gas-used)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/balancer/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/balancer/metrics/arpu)
- [Average trading volume (per trade)](https://tokenterminal.com/explorer/projects/balancer/metrics/trading-volume-avg-per-trade-count)
- [Average trading volume (per user)](https://tokenterminal.com/explorer/projects/balancer/metrics/trading-volume-avg-per-user)
- [Take rate](https://tokenterminal.com/explorer/projects/balancer/metrics/take-rate)

## Links

- [governance](https://forum.balancer.fi/)
- [github](https://github.com/balancer-labs/)
- [github](https://github.com/balancer)
- [twitter](https://twitter.com/Balancer)
- [discord](https://discord.balancer.fi/)
- [etherscan](https://etherscan.io/token/0xba100000625a3754423978a60c9317c58a424e3d)
- [website](https://balancer.fi/)
