InformationTVLFees and RevenuePerp Volume

Defx

Total Value Locked$1.4m

TVL by Chain

Ethereum$863,418

Arbitrum$360,616

Polygon$94,949

Base$77,113

Solana$0

BSC$0

Key Metrics

Fees (Annualized)$147,571

Fees 30d$12,096

Fees 7d$1,510

Fees 24h$170

Cumulative Fees$26,605

Perp Volume 30d$185.01m

Perp Volume 7d$41.17m

Perp Volume 24h$5.58m

Cumulative Perp Volume$1.187b

Open Interest$975,469

Total Raised$2.5m

Jun 13, 2025$2.5mRound: SeedInvestors: Pantera Capital, CMT Digital, gumi Cryptos Capital, Baboon VC, CoinShares, Robot Ventures, Cadenza Ventures, Sandeep NailwalSource: https://x.com/DefxOfficial/status/1933462882425143428

Protocol Information

Defx is a DEX and L1. It’s perpetual futures offers up to 25x leverage in the regular markets, and up to 1000x in Degen mode. The L1 is built on tendermint’s consensus and is EVM compatible. Defx delivers a CEX-like experience without any usability trade offs.

Category:Derivatives

Audits:

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Methodology

TVL: DefX TVL is calculated by summing the value of all supported tokens locked in DefX contracts.View code on GitHubFees: Fees paid by usersView code on GitHubPerp Volume: Notional volume of all trades in the protocol, includes leverageView code on GitHub

Competitors

Contango V2 ($15.85m)Vest Markets ($9.6m)Apex Omni ($44.89m)Toros ($10.37m)Satori Perp ($2m)Jupiter Perpetual Exchange ($1.248b)Drift Trade ($631.74m)GMX V2 Perps ($389.87m)Avantis ($106.87m)Extended ($100.06m)