Ask about Nova Markets · freeTotal Value Locked$332,315
TVL by Chain
Arbitrum$212,697
Hyperliquid L1$119,618
Key Metrics
Fees 30d$2,823
Fees 30d by chain
Arbitrum$2,823
Fees 7d$2,428
Arbitrum$2,428
Fees 24h$245
Arbitrum$245
Cumulative Fees$2,823
Arbitrum$2,823
Revenue 30d$2,194
Revenue 30d by chain
Arbitrum$2,194
Revenue 7d$1,897
Arbitrum$1,897
Revenue 24h$203
Arbitrum$203
Cumulative Revenue$2,194
Arbitrum$2,194
Perp Volume 30d$9.88m
Perp Volume 30d by chain
Arbitrum$9.88m
Perp Volume 7d$8.42m
Arbitrum$8.42m
Perp Volume 24h$558,324
Arbitrum$558,324
Cumulative Perp Volume$9.88m
Arbitrum$9.88m
Protocol Information
Nova is a perpetuals exchange for Hyperliquid where traders decide which markets list next. Nova's own markets are pool-based perps on Arbitrum, backed by the Conviction Pool, a USDC vault that earns a share of trading fees
- Nova PerpsDerivatives
- Nova NLPRisk Curators
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Nova Markets history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 24, 2026 to Oct 28, 2026.
All-time high TVL: $330,704 on Oct 28, 2026. All-time low TVL: $119,644 on Oct 16, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $221,528 |
| Sep 30, 2026 | $221,513 |
| Oct 1, 2026 | $221,491 |
| Oct 2, 2026 | $221,521 |
| Oct 3, 2026 | $221,531 |
| Oct 4, 2026 | $221,536 |
| Oct 5, 2026 | $221,534 |
| Oct 6, 2026 | $221,539 |
| Oct 7, 2026 | $221,524 |
| Oct 8, 2026 | $221,480 |
| Oct 9, 2026 | $221,462 |
| Oct 10, 2026 | $119,661 |
| Oct 11, 2026 | $119,661 |
| Oct 12, 2026 | $119,661 |
| Oct 13, 2026 | $119,658 |
| Oct 14, 2026 | $119,674 |
| Oct 15, 2026 | $119,659 |
| Oct 16, 2026 | $119,644 |
| Oct 17, 2026 | $119,686 |
| Oct 18, 2026 | $119,669 |
| Oct 19, 2026 | $119,673 |
| Oct 20, 2026 | $119,686 |
| Oct 21, 2026 | $119,662 |
| Oct 22, 2026 | $119,661 |
| Oct 23, 2026 | $327,213 |
| Oct 24, 2026 | $328,036 |
| Oct 25, 2026 | $329,176 |
| Oct 26, 2026 | $328,397 |
| Oct 27, 2026 | $328,665 |
| Oct 28, 2026 | $330,704 |
TVL at each month end, Sep 2026 to Oct 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $221,513 |
| Oct 28, 2026 (latest) | $330,704 |
Fees and revenue by UTC calendar month, Sep 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Sep 2026 | $6.76 | $5.71 |
| Oct 2026 (to date) | $3,023 | $2,359 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/nova-markets
Frequently asked questions
What is Nova Markets' TVL?
As of Oct 28, 2026, Nova Markets has $332,315 in total value locked. TVL has increased 50% over the past 30 days.
What chains does Nova Markets operate on?
Nova Markets operates on 2 chains: Hyperliquid L1 and Arbitrum. Arbitrum holds the largest share at 64%.
How much has Nova Markets generated in fees and revenue?
Over the past 30 days, Nova Markets generated $2,823 in fees. Of that, $2,194 was protocol revenue. Based on the trailing year, the annualized rate is $36,804 in fees and $28,599 in revenue.
Which protocols are included in Nova Markets?
Nova Markets is a parent protocol whose tracked products include Nova Perps and Nova NLP.
How much perpetual futures volume does Nova Markets process?
Nova Markets processed $9.88m in perpetual futures volume over the past 30 days.