Ask about Carmine Options · freeProtocol Information
Automated Market Maker enabling anyone to buy and sell options at a fair price
Audits:
Methodology
TVL: Sums the unlocked capital and position of each pool.View code on GitHubCompetitors
Carmine Options history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 16, 2023 to Oct 27, 2026.
All-time high TVL: $1.15m on Jun 6, 2024. All-time low TVL: $71,382 on Jun 26, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $101,886 |
| Sep 29, 2026 | $102,013 |
| Sep 30, 2026 | $102,318 |
| Oct 1, 2026 | $103,049 |
| Oct 2, 2026 | $103,625 |
| Oct 3, 2026 | $102,692 |
| Oct 4, 2026 | $103,524 |
| Oct 5, 2026 | $104,896 |
| Oct 6, 2026 | $104,167 |
| Oct 7, 2026 | $103,636 |
| Oct 8, 2026 | $100,001 |
| Oct 9, 2026 | $97,862 |
| Oct 10, 2026 | $99,357 |
| Oct 11, 2026 | $101,309 |
| Oct 12, 2026 | $103,591 |
| Oct 13, 2026 | $97,877 |
| Oct 14, 2026 | $100,151 |
| Oct 15, 2026 | $97,411 |
| Oct 16, 2026 | $98,229 |
| Oct 17, 2026 | $97,338 |
| Oct 18, 2026 | $96,988 |
| Oct 19, 2026 | $96,766 |
| Oct 20, 2026 | $95,788 |
| Oct 21, 2026 | $97,303 |
| Oct 22, 2026 | $97,010 |
| Oct 23, 2026 | $95,703 |
| Oct 24, 2026 | $94,836 |
| Oct 25, 2026 | $94,375 |
| Oct 26, 2026 | $92,841 |
| Oct 27, 2026 | $93,395 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $887,535 |
| Dec 31, 2024 | $633,582 |
| Jan 31, 2025 | $645,645 |
| Feb 28, 2025 | $435,187 |
| Mar 31, 2025 | $324,047 |
| Apr 30, 2025 | $229,937 |
| May 31, 2025 | $211,231 |
| Jun 30, 2025 | $203,382 |
| Jul 31, 2025 | $253,949 |
| Aug 31, 2025 | $273,405 |
| Sep 30, 2025 | $228,088 |
| Oct 31, 2025 | $233,651 |
| Nov 30, 2025 | $193,849 |
| Dec 31, 2025 | $152,684 |
| Jan 31, 2026 | $107,445 |
| Feb 28, 2026 | $85,583 |
| Mar 31, 2026 | $86,467 |
| Apr 30, 2026 | $91,448 |
| May 31, 2026 | $85,159 |
| Jun 30, 2026 | $73,374 |
| Jul 31, 2026 | $81,104 |
| Aug 31, 2026 | $94,764 |
| Sep 30, 2026 | $102,318 |
| Oct 27, 2026 (latest) | $93,395 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $158,555 |
| Dec 31, 2024 | $633,582 |
| Dec 31, 2025 | $152,684 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/carmine-options
Frequently asked questions
What is Carmine Options' TVL?
As of Oct 27, 2026, Carmine Options has $93,198 in total value locked. TVL has decreased 9.4% over the past 30 days.
What chains does Carmine Options operate on?
Carmine Options operates on Starknet. Starknet holds the largest share at 100%.
How does Carmine Options' TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Carmine Options ranks #29 by TVL. The category holds $205.21m across 73 protocols, and Carmine Options accounts for <0.1% of that total. Similar protocols include Derive V3 Options, Hegic, Deri V4, Panoptic V2, Ribbon Earn, Opyn Gamma, Hypercall, SOFA.org, PsyOptions, and Opyn Convexity.