Anvil 

ANVL Price

What is the Anvil (ANVL) protocol?

Anvil is a system of Ethereum smart contracts that manages collateral and issues fully secured credit. The core product is the on-chain Letter of Credit (LOC) - an analogue of a cashier's cheque drawing on verified funds. The protocol was developed by the Acronym Foundation and runs only on Ethereum. ANVL is the protocol's ERC-20 governance token. Note: the name "Anvil" collides with several unrelated projects and impersonation tokens - this page tracks the Ethereum collateral protocol.

How does a blockchain letter of credit work on Anvil?

An Anvil letter of credit is an on-chain payment guarantee backed by collateral in a shared vault. The creator deposits collateral and issues a guarantee to a named beneficiary, who can redeem on demand against verified funds. No loan is taken out and no interest accrues. The depositor keeps ownership of the reserve assets. Issued LOC balances are locked from withdrawal or reuse while active.

What does the ANVL governance token do?

ANVL governs the Anvil protocol. The token is a verified ERC-20 with ERC-20Votes governance functionality on Ethereum. Protocol fee changes and protocol changes require a governance vote by ANVL holders. Per CoinDesk Research (July 2026, commissioned by Anvil), the protocol charged no fees at that time, targeting both DeFi use (lending, BNPL, auctions) and institutional payment rails.

How large is ANVL's maximum supply?

ANVL has a fixed maximum supply of 100,000,000,000 tokens, with maximum supply equal to total supply per DropsTab data. The verified contract on Etherscan confirms the same figure. Most of this fixed supply is already circulating. Secondary sources published conflicting circulating figures during October 2026, so the exact circulating count should be read from live data. Allocation between community, team, and treasury is not publicly disclosed.

Does ANVL have a vesting schedule or unlock risk?

No dated, TGE-anchored unlock schedule or vesting cliff for ANVL appears in public documentation. Because the maximum supply is fixed at 100 billion tokens and most of that supply is already circulating, scheduled-emission sell pressure appears limited. The residual risk is concentration: the allocation of the remaining supply between team and treasury is undisclosed, so the size of any discretionary treasury overhang cannot be verified from public sources.

Who backed Anvil and how much did the round raise?

Per DropsTab fundraising data, a $5,000,000 token purchase closed on October 6, 2026, led by Founders Fund. The transaction bought existing ANVL treasury tokens, not newly issued supply. Participants included Pantera Capital, Robert Leshner (founder of Compound), Rene Reinsberg (Celo co-founder), Mike Cahill (Douro Labs), Protoscale Capital, Theta Blockchain Ventures, and Bullish.

What does Anvil's funding history signal about project maturity?

Anvil operated without recorded VC funding before October 2026 - the Acronym Foundation bootstrapped the protocol. The Founders Fund-led purchase is the project's only recorded external round. Backing from a tier-1 fund alongside founders of Compound, Celo, and Douro Labs gives ANVL credible institutional and builder support. Round terms and valuation were not disclosed, and the token split among the eight participants is unknown.

Where can ANVL be bought and traded?

ANVL trades on one centralized venue, MEXC (ANVL/USDT spot), and in Uniswap V4 pools on Ethereum (ANVL/USDC and ANVL/WETH). No derivatives markets exist for ANVL. Liquidity is thin: reliance on a mid-tier CEX venue plus limited DEX depth means slippage on large orders is likely, and ANVL is not listed on tier-1 centralized exchanges.

Is Anvil related to Amp and Flexa?

Anvil and Flexa share leadership but are separate protocols. Tyler Spalding, president of the Acronym Foundation that developed Anvil, is a co-founder of Flexa. Flexa is a named partner of Anvil, alongside Consensus, Bitcoin.com, and Bullish. ANVL is Anvil's own governance token, not the Amp token - Amp is Flexa's collateral token and a different asset entirely.

How can users identify the official ANVL token?

The official ANVL token is a verified ERC-20 contract on Ethereum mainnet, verifiable on Etherscan. Unrelated projects use the Anvil name - an Arbitrum lending protocol, an Ethereum developer tool, a SaaS forms company, and multiple impersonation tokens. An unverified ANVL variant on Base circulates in some aggregator references. Any ANVL on a chain other than Ethereum should be treated as unverified.