Protocol Revenues
Net Revenue
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Revenues (30D annualized)
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Gross Revenue
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Product Revenue Breakdown
| Product | Gross revenue ⓘ | Net revenue ⓘ |
|---|
Total Value Locked
Current TVL
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Treasury
Total Treasury Balance
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SOL & LSTs
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Stablecoins (USD)
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| Vault | SOL | LSTs (in SOL) | Stables | Total (USD) |
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Multisig vaults on Squads; on-chain balances refreshed daily. Includes USDC held via Squads Altitude (custodied off-chain). Excludes CLOUD held in treasury (shown in the CLOUD section below), exchange balances and tokens loaned to market makers.
CLOUD Token
Price
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Market Cap
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FDV
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Circulating
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Token Supply Breakdown
Unlock Schedule
Initial Tokenomics
Appendix — Methodology
- Revenue. On-chain fee accruals indexed per event, using the same accounting as Sanctum's internal revenue system. Gross = fees accrued to Sanctum accounts (epoch, deposit & withdrawal fees; router fees; instant-unstake fees; INF protocol fee; validator block rewards). Net = Sanctum's share after partner splits: for products with an on-chain split (Partner LSTs, Validator Services) net counts only splits that have settled on-chain; for other products net equals gross. One-off refunds are netted against the affected day (e.g. the Jan 2026 Step Finance restitution). USD is converted at the daily SOL/USD close on the day of accrual.
- Revenues (30D annualized) = trailing 30-day net revenue × 12, independent of the selected period.
- TVL. Validator LSTs (Sanctum-partnered stake pools, minus the Sanctum LSTs held inside INF) + full INF NAV + unstake Reserve — the same three-way structure DefiLlama reports for Sanctum. Unlike DefiLlama, a small number of third-party-operated pools on Sanctum infrastructure are excluded, so our figure reads slightly below theirs. The Reserve has no historical series and is held flat over history.
- Treasury. Sum of the protocol's Squads multisig vaults: native SOL + LSTs (valued at on-chain exchange rates) + stablecoins, plus USDC held via Squads Altitude (custodied off-chain, updated manually). CLOUD held by the treasury, exchange balances and market-maker loans are excluded from the headline; treasury CLOUD is disclosed in the CLOUD section.
- Coverage. Revenue indexed from 2025-01-01. Data refreshed daily (UTC). Last update: —.