cryptonist

DeFi protocols

Mellow Core

Data as of 3 October 2026 · Official site

Mellow Core is a protocol DefiLlama files under Onchain Capital Allocator, deployed on 5 chains. On 3 October 2026 it held $274.6M in total value locked, up 14.3% over 30 days, placing it 113th of 225 protocols in this set. TVL is deposits at current prices, not revenue and not users. The note below says what it leaves out.

Total value locked, over time

Total value locked, USD: $203.4M at the start of the series, $274.6M at the end. $0 $100.0M $200.0M $300.0M $400.0M $500.0M Jan 26Mar 26Jun 26Aug 26Oct 26
Total value locked, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among protocols

Total value locked by protocol, 225 tracked: top 24, and Mellow Core at 113. Source: DefiLlama, 3 October 2026.
#ProtocolTotal value locked
1 Lido $26.4B
2 Aave V3 $18.1B
3 SSV Network $14.0B
4 LayerZero V2 $11.7B
5 Morpho Blue $11.3B
6 Binance staked ETH $10.0B
7 WBTC $9.9B
8 Coinbase Bridge $8.4B
9 Hyperliquid Bridge $7.1B
10 EigenCloud $7.0B
11 Sky Lending $5.9B
12 Binance Bitcoin $5.8B
13 SparkLend $5.5B
14 ether.fi Stake $5.2B
15 Ethena USDe $4.9B
16 JustLend V1 $3.9B
17 Arbitrum Bridge $3.7B
18 Babylon Protocol $3.4B
19 USDT0 $3.4B
20 JustLend sTRX $3.3B
21 Base Bridge $3.2B
22 Maple $3.0B
23 Polygon Bridge $2.9B
24 JustCryptos $2.8B
113 Mellow Core $274.6M

See all 225 protocols

TVL by chain

TVL by chain, Mellow Core, 3 October 2026. Source: DefiLlama.
ChainUSD
Ethereum $272.1M
RSK $1.2M
Robinhood Chain $1.0M
Mezo $215K
Monad $23K

About Mellow Core

Category: Onchain Capital Allocator. Deployed on 5 chains. Listed by DefiLlama on 2026-01-28.

Core Vaults are Mellow's current vault architecture for institutions, neobanks, fintechs, and asset issuers to launch Earn, treasury, and RWA products under their own brand. Each vault operates under a mandate covering eligible depositors, supported assets, approved venues, and allocation limits, enforced onchain by verifiers alongside multi-asset accounting, asynchronous deposit and redemption queues. (DefiLlama's listing text.)

  • DeFi

    Where crypto yield comes from

    Staking, lending, liquidity provision, airdrops and points each pay for something different. Who pays, for what, and what can go wrong with each of them.

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.