Logo of Mars PerpsMars Perps(MARS)
Total Value Locked$0

TVL by Chain

Neutron$0

Key Metrics

Cumulative Fees$265,386
Cumulative Fees by chain

Neutron$265,386

Cumulative Revenue$66,341
Cumulative Revenue by chain

Neutron$66,341

Cumulative Perp Volume$64.87m
Cumulative Perp Volume by chain

Neutron$64.87m

Protocol Information

Mars is a multichain credit protocol enabling borrowing and lending primitives in the Cosmos. With Mars v2, the protocol introduced Rover credit accounts to Osmosis. Much like Binance subaccounts, credit accounts act as transferrable NFT containers where users can deposit assets, and use them as collateral for borrowing, spot or margin trading, leveraged yield farming, and hedging — all with a single liquidation point

Twitter
Category:Derivatives

Methodology

TVL: For each chain, sum token balances by querying the total deposit amount for each asset in the chain's params contract.View code on GitHubFees: Fees are the sum of the trading fees of all perpetual trades settled on the protocol that day.View code on GitHubRevenue: Treasury and token holders revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Hacks

Date: Dec 14, 2025

Amount: $960,000

Classification: Market Manipulation

Technique: Funding Rate Arbitrage

Chains: Neutron

Language: Rust

Target Type: DeFi Protocol

Competitors

Margined Protocol ($265,204.93)Levana Perps ($13,586.1)Jupiter Perpetual Exchange ($751.31m)GMX V2 Perps ($204.94m)Hyperliquid HLP ($186.87m)Derive V2 ($155.76m)Extended Perps ($116.98m)Lighter Robinhood Perps ($77.78m)dYdX V4 ($70.05m)AZverse Perps ($51.83m)

Frequently Asked Questions

What is Mars Perps' TVL?

Mars Perps currently has $0 in total value locked. TVL has decreased 100% over the past 30 days.

What chains does Mars Perps operate on?

Mars Perps operates on Neutron.

How does Mars Perps' TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Mars Perps ranks #358 by TVL. The category holds $2.052b across 424 protocols, and Mars Perps accounts for 0% of that total. Other leading protocols include Margined Protocol, Levana Perps, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, Extended Perps, Lighter Robinhood Perps, dYdX V4, and AZverse Perps.

Has Mars Perps ever been exploited?

Mars Perps has 1 recorded security incident. The most recent incident occurred on Dec 14, 2025 and involved $960,000. It was classified as Market Manipulation.