Ask about Decibel
Logo of DecibelDecibel
Total Value Locked$29.51m

TVL by Chain

Aptos$29.51m

Key Metrics

Fees 30d$443,559
Fees 30d by chain

Aptos$443,559

Fees 7d$84,671

Aptos$84,671

Fees 24h$21,777

Aptos$21,777

Cumulative Fees$2.7m

Aptos$2.7m

Revenue 30d$443,559
Revenue 30d by chain

Aptos$443,559

Revenue 7d$84,671

Aptos$84,671

Revenue 24h$21,777

Aptos$21,777

Cumulative Revenue$2.7m

Aptos$2.7m

Perp Volume 30d$1.078b
Perp Volume 30d by chain

Aptos$1.078b

Perp Volume 7d$208.03m

Aptos$208.03m

Perp Volume 24h$41.9m

Aptos$41.9m

Cumulative Perp Volume$6.742b

Aptos$6.742b

$4.27m

Protocol Information

Decibel is a composable, onchain trading engine for spot, perps, and yield opportunities.

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Category:Derivatives

Methodology

TVL: TVL is the total USDC collateral in the Decibel perp engine plus USDC in the predeposit vault.View code on GitHubFees: Trading fees charged on every fill. Takers always pay, between 0.034% and 0.018% depending on their 30-day volume, and makers pay between 0.011% and 0% until they reach the top volume tiers. Also includes USDC and USDCbl paid into Decibel's fee treasury from outside the exchange.View code on GitHubRevenue: Everything Decibel charges, minus any maker rebates it nets out, plus the treasury deposits.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

TsunamiX ($18,278.91)Thetis Perps ($1,277.45)Mirage Protocol ($670.65)AGDEX ($64.43)Merkle TradeJupiter Perpetual Exchange ($753.33m)GMX V2 Perps ($205.1m)Hyperliquid HLP ($187.05m)Derive V2 ($156.43m)Extended Perps ($116.85m)

Frequently Asked Questions

What is Decibel's TVL?

Decibel currently has $29.51m in total value locked. TVL has decreased 0.7% over the past 30 days.

What chains does Decibel operate on?

Decibel operates on Aptos. Aptos holds the largest share at 100%.

How much has Decibel generated in fees and revenue?

Over the past 30 days, Decibel generated $443,559 in fees. Of that, $443,559 was protocol revenue. Based on the trailing year, the annualized rate is $4.96m in fees and $4.96m in revenue.

How does Decibel's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Decibel ranks #11 by TVL. The category holds $2.056b across 424 protocols, and Decibel accounts for 1.4% of that total. Other leading protocols include TsunamiX, Thetis Perps, Mirage Protocol, AGDEX, Merkle Trade, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, and Extended Perps.

How much perpetual futures volume does Decibel process?

Decibel processed $1.078b in perpetual futures volume over the past 30 days.