Ask about Mu Exchange · freeMu Exchange
Total Value Locked$977.43
TVL by Chain
Gnosis$977.43
Key Metrics
Cumulative Perp Volume$13.57m
Cumulative Perp Volume by chain
Gnosis$13.57m
Protocol Information
Stable yield or degen trading? Why not both
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Mu Exchange history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 9, 2023 to Oct 28, 2026.
All-time high TVL: $438,731 on Feb 29, 2024. All-time low TVL: $930 on Oct 6, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $973 |
| Sep 30, 2026 | $973 |
| Oct 1, 2026 | $973 |
| Oct 2, 2026 | $974 |
| Oct 3, 2026 | $974 |
| Oct 4, 2026 | $974 |
| Oct 5, 2026 | $974 |
| Oct 6, 2026 | $974 |
| Oct 7, 2026 | $974 |
| Oct 8, 2026 | $974 |
| Oct 9, 2026 | $974 |
| Oct 10, 2026 | $974 |
| Oct 11, 2026 | $975 |
| Oct 12, 2026 | $975 |
| Oct 13, 2026 | $975 |
| Oct 14, 2026 | $975 |
| Oct 15, 2026 | $975 |
| Oct 16, 2026 | $975 |
| Oct 17, 2026 | $976 |
| Oct 18, 2026 | $976 |
| Oct 19, 2026 | $976 |
| Oct 20, 2026 | $976 |
| Oct 21, 2026 | $978 |
| Oct 22, 2026 | $976 |
| Oct 23, 2026 | $976 |
| Oct 24, 2026 | $977 |
| Oct 25, 2026 | $977 |
| Oct 26, 2026 | $977 |
| Oct 27, 2026 | $977 |
| Oct 28, 2026 | $977 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $306,921 |
| Dec 31, 2024 | $310,702 |
| Jan 31, 2025 | $5,021 |
| Feb 28, 2025 | $5,021 |
| Mar 31, 2025 | $5,064 |
| Apr 30, 2025 | $3,158 |
| May 31, 2025 | $1,439 |
| Jun 30, 2025 | $1,098 |
| Jul 31, 2025 | $1,089 |
| Aug 31, 2025 | $1,098 |
| Sep 30, 2025 | $1,109 |
| Oct 31, 2025 | $934 |
| Nov 30, 2025 | $938 |
| Dec 31, 2025 | $942 |
| Jan 31, 2026 | $946 |
| Feb 28, 2026 | $949 |
| Mar 31, 2026 | $953 |
| Apr 30, 2026 | $957 |
| May 31, 2026 | $960 |
| Jun 30, 2026 | $963 |
| Jul 31, 2026 | $967 |
| Aug 31, 2026 | $970 |
| Sep 30, 2026 | $973 |
| Oct 28, 2026 (latest) | $977 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $110,356 |
| Dec 31, 2024 | $310,702 |
| Dec 31, 2025 | $942 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/mu-exchange
Frequently asked questions
What is Mu Exchange's TVL?
As of Oct 28, 2026, Mu Exchange has $977.43 in total value locked. TVL has increased 0.5% over the past 30 days.
What chains does Mu Exchange operate on?
Mu Exchange operates on Gnosis. Gnosis holds the largest share at 100%.
How does Mu Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Mu Exchange ranks #208 by TVL. The category holds $1.981b across 426 protocols, and Mu Exchange accounts for <0.1% of that total. Similar protocols include Contango V2, Jarvis Network, Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, dYdX V4, and Arcus Perps.