Substance Exchange

Total Value Locked$39,738
Chain Breakdown
ZetaChain$39,738
Arbitrum$0
$841.8
USDZETA

Protocol Information

Substance Exchange is a derivatives protocol that leads the shift towards decentralized trading. SubstanceX offers futures and options, and achieves a pop-up-free trading experience through 1-click technology.

Category:Derivatives

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Methodology

TVL: The TVL of SubstanceX is equal to the total value of underlying assets locked in the USDX contract.

Fees: Fees paid by users

TVLFees and Revenue

Competitors

GMX V2 Perps($283.03m)Synthetix V3($72.57m)GMX V1($70.48m)Derive V2($65.37m)Vertex Perps($46.91m)Jupiter Perpetual Exchange($1.3b)Ethereal($892.4m)Drift Trade($691.5m)dYdX V4($205.66m)Hyperliquid HLP($150.6m)