Provenance TVL Reaches $1.2B as Figure Markets Drives Blockchain Activity

The Provenance blockchain hits an all-time TVL of $1.2B with Figure Markets serving as the sole protocol, signaling growing on-chain activity and revenue generation.

Rich by Coin

2026-02-11

The Provenance blockchain reached an all-time TVL of $1.2 billion on February 11, signaling a milestone as on-chain activity continues to grow. DeFiLlama currently tracks Figure Markets as the only protocol on Provenance, effectively tying the network’s total TVL to Figure’s activity. DeFiLlama data shows Figure Markets’ TVL at approximately $1.22 billion, with about $301 million currently borrowed.

Figure Markets has generated roughly $3.84 million in annualized fees and revenue. Thirty-day decentralized exchange volume stands at approximately $2.08 billion. Figure Technologies, the entity behind Figure Markets and Provenance, leads the tokenized private credit space, accounting for roughly $15 billion of the market’s $20 billion active loans. The company is also the largest non-bank HELOC originator in the United States.

Provenance’s growth followed Figure’s January announcement of the On-Chain Public Equity Network (OPEN) on Provenance. The move enables companies to list their equity natively on-chain.