Ask about O2 Exchange · freeTotal Value Locked$2.35m
TVL by Chain
Fuel Ignition$2.35m
Key Metrics
Fees 30d$1,821
Fees 30d by chain
Fuel Ignition$1,821
Fees 7d$421
Fuel Ignition$421
Fees 24h$58
Fuel Ignition$58
Cumulative Fees$328,053
Fuel Ignition$328,053
Revenue 30d$1,821
Revenue 30d by chain
Fuel Ignition$1,821
Revenue 7d$421
Fuel Ignition$421
Revenue 24h$58
Fuel Ignition$58
Cumulative Revenue$328,053
Fuel Ignition$328,053
DEX Volume 30d$5.73m
DEX Volume 30d by chain
Fuel Ignition$5.73m
DEX Volume 7d$1.32m
Fuel Ignition$1.32m
DEX Volume 24h$196,857
Fuel Ignition$196,857
Cumulative DEX Volume$1.724b
Fuel Ignition$1.724b
Protocol Information
O2 is a high-performance, fully onchain spot orderbook on Ignition, a rollup powered by the Fuel Virtual Machine. It offers a CEX-like trading experience with DEX security (self-custody, no KYC) and ultra-low fees. It supports multichain deposits and withdrawals and has a highly performant API for programmatic traders
Sub Category: Order Book
Audits:
Methodology
TVL: The TVL is defined as the total sum of assets across all user trading accountsView code on GitHubFees: All fees paid by users on the O2 ExchangeView code on GitHubRevenue: Fees are distributed to Fuel LabsView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
O2 Exchange history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 3, 2025 to Oct 27, 2026.
All-time high TVL: $2.64m on Mar 31, 2026. All-time low TVL: $99,590 on Dec 7, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $2.43m |
| Sep 29, 2026 | $2.42m |
| Sep 30, 2026 | $2.42m |
| Oct 1, 2026 | $2.43m |
| Oct 2, 2026 | $2.43m |
| Oct 3, 2026 | $2.42m |
| Oct 4, 2026 | $2.43m |
| Oct 5, 2026 | $2.44m |
| Oct 6, 2026 | $2.44m |
| Oct 7, 2026 | $2.43m |
| Oct 8, 2026 | $2.4m |
| Oct 9, 2026 | $2.38m |
| Oct 10, 2026 | $2.38m |
| Oct 11, 2026 | $2.39m |
| Oct 12, 2026 | $2.4m |
| Oct 13, 2026 | $2.37m |
| Oct 14, 2026 | $2.4m |
| Oct 15, 2026 | $2.37m |
| Oct 16, 2026 | $2.38m |
| Oct 17, 2026 | $2.37m |
| Oct 18, 2026 | $2.37m |
| Oct 19, 2026 | $2.37m |
| Oct 20, 2026 | $2.36m |
| Oct 21, 2026 | $2.38m |
| Oct 22, 2026 | $2.39m |
| Oct 23, 2026 | $2.36m |
| Oct 24, 2026 | $2.36m |
| Oct 25, 2026 | $2.36m |
| Oct 26, 2026 | $2.35m |
| Oct 27, 2026 | $2.35m |
TVL at each month end, Dec 2025 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2025 | $188,796 |
| Jan 20, 2026 | $1.5m |
| Feb 28, 2026 | $1.53m |
| Mar 31, 2026 | $2.64m |
| Apr 30, 2026 | $2.34m |
| May 31, 2026 | $2.27m |
| Jun 30, 2026 | $2.15m |
| Jul 31, 2026 | $2.23m |
| Aug 31, 2026 | $2.36m |
| Sep 30, 2026 | $2.42m |
| Oct 27, 2026 (latest) | $2.35m |
Fees and revenue by UTC calendar month, Dec 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2025 | $4,829 | $4,829 |
| Jan 2026 | $11,792 | $11,792 |
| Feb 2026 | $27,823 | $27,823 |
| Mar 2026 | $68,330 | $68,330 |
| Apr 2026 | $56,984 | $56,984 |
| May 2026 | $90,574 | $90,574 |
| Jun 2026 | $59,213 | $59,213 |
| Jul 2026 | $3,905 | $3,905 |
| Aug 2026 | $945 | $945 |
| Sep 2026 | $2,126 | $2,126 |
| Oct 2026 (to date) | $1,590 | $1,590 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/o2-exchange
Frequently asked questions
What is O2 Exchange's TVL?
As of Oct 27, 2026, O2 Exchange has $2.35m in total value locked. TVL has decreased 3.5% over the past 30 days.
What chains does O2 Exchange operate on?
O2 Exchange operates on Fuel Ignition. Fuel Ignition holds the largest share at 100%.
How much has O2 Exchange generated in fees and revenue?
Over the past 30 days, O2 Exchange generated $1,821 in fees. Of that, $1,821 was protocol revenue. Based on the trailing year, the annualized rate is $362,846 in fees and $362,846 in revenue.
How does O2 Exchange's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, O2 Exchange ranks #155 by TVL. The category holds $13.502b across 1,923 protocols, and O2 Exchange accounts for <0.1% of that total. Similar protocols include Reactor DEX, Microchain, V12, Diesel Dex, OxiSwap, Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, and Raydium AMM.
How much trading volume does O2 Exchange process?
O2 Exchange processed $5.73m in DEX volume over the past 30 days.