InformationTVLFees and RevenuePerp Volume

Defx

Total Value Locked$1.48m

TVL by Chain

Ethereum$977,021

Arbitrum$312,887

Base$96,989

Polygon$96,541

BSC$0

Solana$0

Key Metrics

Fees (Annualized)$169,507

Fees 30d$13,894

Fees 7d$3,082

Fees 24h$285

Cumulative Fees$24,536

Perp Volume 30d$224.45m

Perp Volume 7d$48.86m

Perp Volume 24h$6.22m

Cumulative Perp Volume$1.135b

Open Interest$716,635

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 ($15.79m)Vest Markets ($11.43m)Apex Omni ($45.83m)Toros ($10.32m)Satori Perp ($2.04m)Jupiter Perpetual Exchange ($1.319b)Drift Trade ($663.86m)GMX V2 Perps ($385.95m)Avantis ($111.67m)Extended ($98.66m)