InformationTVLFees and RevenuePerp Volume

Defx

Total Value Locked$196,620

TVL by Chain

Arbitrum$170,129

Ethereum$25,750

Base$441.51

Polygon$299.25

BSC$0

Solana$0

Key Metrics

Fees (Annualized)$0

Fees 30d$0

Fees 7d$0

Fees 24h$0

Cumulative Fees$27,173

Perp Volume 30d$54.25m

Cumulative Perp Volume$1.529b

Open Interest$694,495

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 ($5m)Apex Omni ($37.48m)Toros ($7.59m)ApeX Pro ($1.43m)Jupiter Perpetual Exchange ($789.8m)Drift Trade ($311.2m)GMX V2 Perps ($249.34m)Extended ($211.7m)Avantis ($91.12m)