Ask about Kalshi
Key Metrics
DEX Volume 30d$11.683b
DEX Volume 30d by chain
Off Chain$11.683b
DEX Volume 7d$2.87b
Off Chain$2.87b
DEX Volume 24h$379.21m
Off Chain$379.21m
Cumulative DEX Volume$73.549b
Off Chain$73.549b
DEX Notional Volume 30d$44.098b
DEX Notional Volume 30d by chain
Off Chain$44.098b
DEX Notional Volume 7d$12.193b
Off Chain$12.193b
DEX Notional Volume 24h$1.55b
Off Chain$1.55b
Cumulative DEX Notional Volume$220.784b
Off Chain$220.784b
$1.145b
Total Raised$3.885b
Jun 25, 2025$185mRound: Series CInvestors: Paradigm, Sequoia Capital, Multicoin Capital, Neo, Bond
Oct 10, 2025$300mRound: Series DInvestors: Sequoia Capital, a16z crypto, Paradigm, CapitalG, Coinbase Ventures
Nov 20, 2025$1bRound: Series EInvestors: Paradigm, Sequoia Capital, a16z crypto, Neo, CapitalG, Anthos Capital
Mar 19, 2026$1bRound: Investors: Coatue
Apr 3, 2026$1.2bRound:
May 20, 2026$200mRound: Series FInvestors: Baillie Gifford, Layer Global
Protocol Information
Kalshi is a CFTC-regulated event derivatives exchange where users trade binary contracts (yes/no) on real-world outcomes
Methodology
DEX Volume: Volume of all spot token swaps on the DEXView code on GitHubNotional Volume: Notional volume of all trades on protocolView code on GitHubCompetitors
Frequently Asked Questions
What chains does Kalshi operate on?
Kalshi operates on Off Chain.
How does Kalshi's TVL compare to similar protocols?
Among Prediction Market protocols tracked by DefiLlama, Kalshi ranks #92 by TVL. The category holds $431.88m across 118 protocols, and Kalshi accounts for 0% of that total. Other leading protocols include Polymarket International, Rain, Predict Fun, OPINION, Sport.fun, Gnosis Protocol v1, PredictStreet, Augur, Levr Bet, and Liquidity House.
How much trading volume does Kalshi process?
Kalshi processed $11.683b in DEX volume over the past 30 days.