Ask about Antarctic · freeTotal Value Locked$8.5m
TVL by Chain
Arbitrum$8.5m
Key Metrics
Fees 30d$2.45m
Fees 30d by chain
Off Chain$2.45m
Fees 7d$612,764
Off Chain$612,764
Fees 24h$105,505
Off Chain$105,505
Cumulative Fees$39.95m
Off Chain$39.95m
Revenue 30d$978,868
Revenue 30d by chain
Off Chain$978,868
Revenue 7d$245,105
Off Chain$245,105
Revenue 24h$42,202
Off Chain$42,202
Cumulative Revenue$5.63m
Off Chain$5.63m
Perp Volume 30d$8.389b
Perp Volume 30d by chain
Off Chain$8.389b
Perp Volume 7d$2.108b
Off Chain$2.108b
Perp Volume 24h$360.93m
Off Chain$360.93m
Cumulative Perp Volume$66.083b
Off Chain$66.083b
Open Interest$333.77m
Total Raised$7m
Sep 7, 2026$7mRound: Investors: Valisa Capital Markets, Republic Crypto, Lucidity Capital
Protocol Information
Antarctic Exchange (AX) is a high-performance decentralized perpetual futures DEX delivering CEX-grade trading with deep liquidity, low fees, and a clean, self-custodial UX.
Methodology
TVL: counts the number of AMLP and AHLP tokens in the staking contracts.View code on GitHubFees: Total trading fees collected from perpetual futures trading on Antarctic ExchangeView code on GitHubRevenue: Share of 40% total trading feesView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Antarctic history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 20, 2025 to Oct 27, 2026.
All-time high TVL: $12.21m on Feb 26, 2026. All-time low TVL: $276,813 on Nov 20, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $8.57m |
| Sep 29, 2026 | $8.53m |
| Sep 30, 2026 | $8.23m |
| Oct 1, 2026 | $8.59m |
| Oct 2, 2026 | $8.23m |
| Oct 3, 2026 | $8.27m |
| Oct 4, 2026 | $8.07m |
| Oct 5, 2026 | $8.01m |
| Oct 6, 2026 | $8.6m |
| Oct 7, 2026 | $8.59m |
| Oct 8, 2026 | $8.67m |
| Oct 9, 2026 | $8.61m |
| Oct 10, 2026 | $8.75m |
| Oct 11, 2026 | $8.76m |
| Oct 12, 2026 | $8.63m |
| Oct 13, 2026 | $8.65m |
| Oct 14, 2026 | $8.58m |
| Oct 15, 2026 | $8.57m |
| Oct 16, 2026 | $8.78m |
| Oct 17, 2026 | $8.84m |
| Oct 18, 2026 | $8.88m |
| Oct 19, 2026 | $8.76m |
| Oct 20, 2026 | $8.64m |
| Oct 21, 2026 | $8.76m |
| Oct 22, 2026 | $8.76m |
| Oct 23, 2026 | $8.85m |
| Oct 24, 2026 | $8.61m |
| Oct 25, 2026 | $8.34m |
| Oct 26, 2026 | $8.3m |
| Oct 27, 2026 | $8.55m |
TVL at each month end, Nov 2025 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $277,063 |
| Dec 31, 2025 | $1.16m |
| Jan 31, 2026 | $4.12m |
| Feb 28, 2026 | $11.94m |
| Mar 31, 2026 | $9.28m |
| Apr 30, 2026 | $10.6m |
| May 31, 2026 | $9.56m |
| Jun 30, 2026 | $9.88m |
| Jul 31, 2026 | $9.69m |
| Aug 31, 2026 | $9.14m |
| Sep 30, 2026 | $8.23m |
| Oct 27, 2026 (latest) | $8.55m |
Fees and revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2025 | $1.65m | - |
| Jun 2025 | $1.95m | - |
| Jul 2025 | $2.98m | - |
| Aug 2025 | $3.65m | - |
| Sep 2025 | $2.6m | - |
| Oct 2025 | $3.26m | - |
| Nov 2025 | $3.8m | - |
| Dec 2025 | $1.84m | - |
| Jan 2026 | $2.03m | - |
| Feb 2026 | $2.06m | - |
| Mar 2026 | $1.93m | $748,314 |
| Apr 2026 | $1.45m | $578,660 |
| May 2026 | $1.32m | $526,146 |
| Jun 2026 | $1.71m | $682,922 |
| Jul 2026 | $1.39m | $556,253 |
| Aug 2026 | $1.51m | $602,893 |
| Sep 2026 | $2.73m | $1.09m |
| Oct 2026 (to date) | $2.1m | $841,676 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/antarctic
Frequently asked questions
What is Antarctic's TVL?
As of Oct 27, 2026, Antarctic has $8.5m in total value locked. TVL has increased 1% over the past 30 days.
What chains does Antarctic operate on?
Antarctic operates on 2 chains: Arbitrum and Off Chain. Arbitrum holds the largest share at 100%.
How much has Antarctic generated in fees and revenue?
Over the past 30 days, Antarctic generated $2.45m in fees. Of that, $978,868 was protocol revenue. Based on the trailing year, the annualized rate is $24.8m in fees and $8.86m in revenue.
How does Antarctic's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Antarctic ranks #23 by TVL. The category holds $1.972b across 426 protocols, and Antarctic accounts for 0.4% of that total. Similar protocols include GMX EVM, AZverse Perps, Apex Omni, Aevo Perps, MUX Perps, Gains Network, Contango V2, Ostium, Evedex, and AlphaX.
How much perpetual futures volume does Antarctic process?
Antarctic processed $8.389b in perpetual futures volume over the past 30 days.