Anvil

Anvil is a decentralized finance application built on Ethereum that manages collateral and issues fully secured credit instruments called letters of credit, or LOCs. These LOCs function similarly to a bank cheque in that they represent a verified, guaranteed claim on funds, allowing counterparties to transact with confidence without needing to trust one another directly. The protocol targets use cases including digital payments, trading deposits on centralized exchanges, and cross-platform asset bridging.

Anvil operates through a system of Ethereum-based smart contracts that lock collateral and issue LOCs against it, providing trustless verification of the underlying assets to any party that accepts them. The ANVL token is the native asset of this protocol, and its role within the contract system — such as governance, fee capture, or collateral eligibility — is not fully detailed in the available data. The protocol sits within the Ethereum ecosystem and has no block time or consensus algorithm of its own, inheriting Ethereum's settlement layer.

The data provided does not include a recorded fee stream for Anvil, so this site carries no figures on fee revenue, who pays fees, or who receives them. What is recorded is a total value locked of approximately 15,641,649 dollars at the current point in time, which rose about 7.3 percent over the trailing seven days. The market capitalisation to TVL ratio stands at roughly 8.28 and the fully diluted valuation to TVL ratio at approximately 9.40, both measured at the current point in time; without a fee stream these ratios reflect scale relative to locked assets rather than any earnings capacity. The absence of fee data means fee-based valuation measures that this site might ordinarily display cannot be calculated for Anvil.