Ask about Defx · freeDefx
Total Value Locked$15,504
TVL by Chain
Ethereum$15,321
Base$108.85
Polygon$59.19
Arbitrum$15.39
BSC$0
Solana$0
Key Metrics
Cumulative Fees$27,173
Cumulative Fees by chain
Off Chain$27,173
Cumulative Perp Volume$1.529b
Cumulative Perp Volume by chain
Off Chain$824.72m
Arbitrum$704.19m
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 Nailwal
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.
Audits:
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 including leverage on the perp exchangeView code on GitHubCompetitors
Defx history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 23, 2024 to Oct 27, 2026.
All-time high TVL: $2.71m on Jan 8, 2026. All-time low TVL: $1 on Jan 4, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $17,611 |
| Sep 29, 2026 | $17,652 |
| Sep 30, 2026 | $17,729 |
| Oct 1, 2026 | $17,855 |
| Oct 2, 2026 | $17,935 |
| Oct 3, 2026 | $17,731 |
| Oct 4, 2026 | $17,810 |
| Oct 5, 2026 | $18,039 |
| Oct 6, 2026 | $17,924 |
| Oct 7, 2026 | $17,828 |
| Oct 8, 2026 | $16,990 |
| Oct 9, 2026 | $16,433 |
| Oct 10, 2026 | $16,529 |
| Oct 11, 2026 | $16,645 |
| Oct 12, 2026 | $16,916 |
| Oct 13, 2026 | $16,106 |
| Oct 14, 2026 | $16,655 |
| Oct 15, 2026 | $16,084 |
| Oct 16, 2026 | $16,229 |
| Oct 17, 2026 | $16,141 |
| Oct 18, 2026 | $16,045 |
| Oct 19, 2026 | $16,097 |
| Oct 20, 2026 | $15,933 |
| Oct 21, 2026 | $16,245 |
| Oct 22, 2026 | $16,279 |
| Oct 23, 2026 | $15,905 |
| Oct 24, 2026 | $15,859 |
| Oct 25, 2026 | $15,713 |
| Oct 26, 2026 | $15,474 |
| Oct 27, 2026 | $15,476 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $400,969 |
| Dec 31, 2024 | $510,759 |
| Jan 31, 2025 | $2,445 |
| Feb 28, 2025 | $4,902 |
| Mar 31, 2025 | $7,570 |
| Apr 30, 2025 | $10,959 |
| May 31, 2025 | $10,978 |
| Jun 30, 2025 | $128,156 |
| Jul 31, 2025 | $725,760 |
| Aug 31, 2025 | $737,713 |
| Sep 30, 2025 | $934,940 |
| Oct 31, 2025 | $1.73m |
| Nov 30, 2025 | $1.93m |
| Dec 31, 2025 | $1.24m |
| Jan 31, 2026 | $1.72m |
| Feb 28, 2026 | $192,381 |
| Mar 31, 2026 | $13,972 |
| Apr 30, 2026 | $15,039 |
| May 31, 2026 | $13,717 |
| Jun 30, 2026 | $11,081 |
| Jul 31, 2026 | $12,853 |
| Aug 31, 2026 | $16,152 |
| Sep 30, 2026 | $17,729 |
| Oct 27, 2026 (latest) | $15,476 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $510,759 |
| Dec 31, 2025 | $1.24m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/defx
Frequently asked questions
What is Defx's TVL?
As of Oct 27, 2026, Defx has $15,504 in total value locked. TVL has decreased 13.3% over the past 30 days.
What chains does Defx operate on?
Defx operates on 7 chains: Ethereum, Base, Polygon, Arbitrum, and BSC and 2 others. Ethereum holds the largest share at 98.8%.
How does Defx's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Defx ranks #149 by TVL. The category holds $1.966b across 426 protocols, and Defx accounts for <0.1% of that total. Similar protocols include Contango V2, Vest Markets, Lynx, Everstrike, Apex Omni, ApeX Pro, SynFutures V1, Primex Finance, Satori Perp, and RubyDex.