Credit · Fixed Income · NOTE
Notional provides fixed-rate, fixed-term lending and borrowing via fCash: tokenized claims on a fixed amount of an asset at a future maturity, traded on an on-chain AMM.
Fixed-rate, fixed-term lending and borrowing.
NOTE price
$0.0055
+0.2% 24h
Latest data · 15 min delay
Two-tier competitive set for a Fixed Income entity: on-platform peers are clickable and comparable, off-platform names are context only.
Notional V3 is winding down; the successor product Notional Exponent went live on 26 January 2026.
Percentile rank against the 11 on-platform Fixed Income entities (snapshot as of 2026-07-27). Supply and borrow APY are omitted: no source covers the whole cohort, and a single-market rate would misrepresent a protocol-level number.
$3.1m · rank 10 of 11
- Not reported by DefiLlama for this protocol
2 · rank 6 of 11
Listed 2023-11-14 · rank 5 of 9 reporting (cohort 11)
10 · rank 1 of 5 reporting (cohort 11)
42 · rank 4 of 5
The full on-platform tag cohort. Rows marked direct carry a curated competitor relationship; borrowed can exceed TVL where DefiLlama nets borrowed collateral out of supplied.
Tokenized yield: split principal and yield (PT/YT).
LidoMorphoAave1 shared audit firmTVL $1.17Blive
Borrowed -
12 chains
TVL $38.4Mlive
Borrowed -
12 chains
Fixed-rate, fixed-maturity credit with built-in leverage tokens.
TVL $30.9Mlive
Borrowed $26.3M
8 chains
Decentralized CDP issuer of DOLA.
TVL $28.7Mlive
Borrowed -
1 chain
Bond and coupon tokens splitting loans into principal and yield legs.
DefiLlama borrowed figure ($429.7m) vastly exceeds supplied TVL; unverified
TVL $9.8Mlive
Borrowed -
1 chain
Pendle's venue for trading funding rates, fixed versus floating.
TVL $8.5Mlive
Borrowed -
1 chain
Fixed and variable rate pools on Base and Optimism.
TVL $8.0Mlive
Borrowed $850.9K
3 chains
Sealed-bid on-chain repo auctions with a real term structure.
TVL $6.8Mlive
Borrowed $1.7M
6 chains
Yield stripping into zero-coupon and yield tokens.
2 shared audit firmsTVL $29.3Klive
Borrowed -
1 chain
TVL $2.92Blive
Borrowed $1.76B
2 chains
Curated competitor relationships across Credit tags.
TVL $17.19Blive
Borrowed $10.95B
22 chains
Context-setting competitors outside the EVM DeFi scope: named for completeness, not tracked, not clickable.
$2.61bn as of 26 July 2026
$3.00bn as of 26 July 2026
$2.16bn as of 26 July 2026
$481m as of 26 July 2026
$735m as of 26 July 2026, SEC-registered
$16.20bn across 85 products as of 26 July 2026
Pick up to 3 same-tag peers. Metric values are snapshot figures as of 2026-07-27.
0 of 3 selected
Select at least one peer to render the matrix.
Tag cohort plotted on two selectable axes. Risk composite comes from the M7 documented-risk derivation and is only defined for rated entities; it is a documented-risk load, not a safety score, and is never compared across tags.
Too few cohort entities report both axes to plot (1).
