Ask about Drake Exchange
Key Metrics
Fees 30d$4,823.72
Fees 30d by chain
Monad$4,823.72
Fees 7d$3,648.23
Monad$3,648.23
Fees 24h$805
Monad$805
Cumulative Fees$6,823.91
Monad$6,823.91
Revenue 30d$2,967.5
Revenue 30d by chain
Monad$2,967.5
Revenue 7d$2,354.48
Monad$2,354.48
Revenue 24h$577
Monad$577
Cumulative Revenue$3,937.39
Monad$3,937.39
Perp Volume 30d$8.56m
Perp Volume 30d by chain
Monad$8.56m
Perp Volume 7d$6.43m
Monad$6.43m
Perp Volume 24h$1.34m
Monad$1.34m
Cumulative Perp Volume$11.82m
Monad$11.82m
$62,863
Total Raised$1m
Sep 29, 2025$1mRound: SeedInvestors: CMS
Protocol Information
Fully on-chain perpetual exchange on Monad with hybrid CLOB + AMM liquidity and isolated/cross-margin portfolios.
Methodology
TVL: Sums AUSD held in every isolated and cross margin Portfolio contract (enumerated via PortfolioFactory.getPortfolioById) plus AUSD held in the liquidity vault.View code on GitHubFees: All trading commission fees (orderbook + AMM), isolated margin add/reduce fees, and net borrowing/imbalance funding fees charged to traders.View code on GitHubRevenue: Share of trade commission fees routed to the Operation Vault (treasury) per the orderbook and AMM splits in effect at that block.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Frequently Asked Questions
What is Drake Exchange's TVL?
Drake Exchange currently has $222,611.75 in total value locked. TVL has increased 174% over the past 30 days.
What chains does Drake Exchange operate on?
Drake Exchange operates on Monad. Monad holds the largest share at 100%.
How much has Drake Exchange generated in fees and revenue?
Over the past 30 days, Drake Exchange generated $4,823.72 in fees. Of that, $2,967.5 was protocol revenue. Based on the trailing year, the annualized rate is $35,433.91 in fees and $19,782.94 in revenue.
How does Drake Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Drake Exchange ranks #86 by TVL. The category holds $2.05b across 424 protocols, and Drake Exchange accounts for <0.1% of that total. Other leading protocols include Perpl, LeverUp, Monday Trade Perps, Pingu Exchange, Narwhal Finance, OBSDN, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, and Derive V2.
How much perpetual futures volume does Drake Exchange process?
Drake Exchange processed $8.56m in perpetual futures volume over the past 30 days.