Ask about Euphoria Finance · freeTotal Value Locked$203,048
TVL by Chain
MegaETH$203,048
Key Metrics
Perp Volume 30d$1.03m
Perp Volume 30d by chain
MegaETH$1.03m
Perp Volume 7d$202,875
MegaETH$202,875
Perp Volume 24h$29,342
MegaETH$29,342
Cumulative Perp Volume$5.18m
MegaETH$5.18m
Total Raised$7.5m
Aug 7, 2025$7.5mRound: Pre-Seed & SeedInvestors: Karatage, Figment, Robot Ventures, Bankless Ventures, Hash3, First Commit, Comfy Capital, Kosmos Ventures
Protocol Information
Euphoria is a gamified derivatives trading app where users make one-tap price predictions, with CLOB-based market making under the hood and social features like points, streaks, and leaderboards.
Audits:
Methodology
TVL: USDM in the vaultView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Euphoria Finance history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 15, 2026 to Oct 27, 2026.
All-time high TVL: $199,169 on Oct 27, 2026. All-time low TVL: $72,638 on May 15, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $170,831 |
| Sep 29, 2026 | $168,407 |
| Sep 30, 2026 | $164,069 |
| Oct 1, 2026 | $169,401 |
| Oct 2, 2026 | $170,475 |
| Oct 3, 2026 | $171,102 |
| Oct 4, 2026 | $171,860 |
| Oct 5, 2026 | $169,780 |
| Oct 6, 2026 | $171,781 |
| Oct 7, 2026 | $173,614 |
| Oct 8, 2026 | $174,099 |
| Oct 9, 2026 | $174,793 |
| Oct 10, 2026 | $172,380 |
| Oct 11, 2026 | $169,696 |
| Oct 12, 2026 | $169,579 |
| Oct 13, 2026 | $172,034 |
| Oct 14, 2026 | $171,288 |
| Oct 15, 2026 | $176,117 |
| Oct 16, 2026 | $177,212 |
| Oct 17, 2026 | $179,006 |
| Oct 18, 2026 | $177,479 |
| Oct 19, 2026 | $178,008 |
| Oct 20, 2026 | $179,565 |
| Oct 21, 2026 | $185,668 |
| Oct 22, 2026 | $185,982 |
| Oct 23, 2026 | $187,550 |
| Oct 24, 2026 | $195,217 |
| Oct 25, 2026 | $197,457 |
| Oct 26, 2026 | $198,426 |
| Oct 27, 2026 | $199,169 |
TVL at each month end, May 2026 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2026 | $122,039 |
| Jun 30, 2026 | $146,500 |
| Jul 31, 2026 | $140,266 |
| Aug 31, 2026 | $149,245 |
| Sep 30, 2026 | $164,069 |
| Oct 27, 2026 (latest) | $199,169 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/euphoria-finance
Frequently asked questions
What is Euphoria Finance's TVL?
As of Oct 27, 2026, Euphoria Finance has $203,048 in total value locked. TVL has increased 26.9% over the past 30 days.
What chains does Euphoria Finance operate on?
Euphoria Finance operates on MegaETH. MegaETH holds the largest share at 100%.
How does Euphoria Finance's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Euphoria Finance ranks #82 by TVL. The category holds $1.971b across 426 protocols, and Euphoria Finance accounts for <0.1% of that total. Similar protocols include GMX EVM, Gains Network, SIR, Jupiter Perpetual Exchange, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, dYdX V4, and Arcus Perps.
How much perpetual futures volume does Euphoria Finance process?
Euphoria Finance processed $1.03m in perpetual futures volume over the past 30 days.