Ask about Panoptic protocol · freeTotal Value Locked$1.38m
TVL by Chain
Ethereum$1.36m
Robinhood Chain$18,054
Base$1,281
Unichain$167
Key Metrics
Fees 30d$3,659
Fees 30d by chain
Ethereum$3,655
Robinhood Chain$4.12
Fees 7d$734.08
Ethereum$732.86
Robinhood Chain$1.26
Fees 24h$16.79
Ethereum$16
Robinhood Chain$0.79
Cumulative Fees$14,751
Ethereum$14,745
Robinhood Chain$5.93
Revenue 30d$3,659
Revenue 30d by chain
Ethereum$3,655
Robinhood Chain$4.12
Revenue 7d$734.08
Ethereum$732.86
Robinhood Chain$1.26
Revenue 24h$16.79
Ethereum$16
Robinhood Chain$0.79
Cumulative Revenue$14,751
Ethereum$14,745
Robinhood Chain$5.93
Options Premium Volume 30d$13,254
Options Premium Volume 7d$3,275
Options Premium Volume 24h$652
Cumulative Options Premium Volume$50,651
Options Notional Volume 30d$22.88m
Options Notional Volume 7d$5.22m
Options Notional Volume 24h$112,129
Cumulative Options Notional Volume$89.94m
Total Raised$11.5m
Dec 5, 2022$4.5mRound: SeedInvestors: gumi Cryptos Capital, Uniswap Labs Ventures, Coinbase Ventures, Jane Street, Blizzard Fund, Hailstone Ventures, MH Ventures
Nov 20, 2023$7mRound: Seed+Investors: Greenfield Capital, HashKey, gumi Cryptos Capital, L1 Digital, Heartcore Capital, Comma3 Ventures, Zee Prime Capital
Protocol Information
Panoptic is a DeFi protocol for trading perpetual options by replicating call and put positions using Uniswap v3/v4 liquidity, without relying on oracles or expiration dates
- Panoptic V2Options
- Panoptic V1Options
- Panoptic V1.1Options
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Options Premium Volume: Sum of value paid buying and selling options on the exchange
Options Notional Volume: Sum of the notional value of all options that have been traded on the exchange
Hacks
Date: Aug 25, 2025
Protocol: Panoptic V1.1
Amount: $0
Classification: Input Validation
Technique: Hash Collision
Chains: Base, Unichain, Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Panoptic protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 15, 2024 to Oct 27, 2026.
All-time high TVL: $3.97m on Jul 21, 2025. All-time low TVL: $1,956 on Dec 15, 2024.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $2.19m |
| Sep 29, 2026 | $2.23m |
| Sep 30, 2026 | $2.16m |
| Oct 1, 2026 | $2.16m |
| Oct 2, 2026 | $2.18m |
| Oct 3, 2026 | $2.23m |
| Oct 4, 2026 | $2.23m |
| Oct 5, 2026 | $2.26m |
| Oct 6, 2026 | $2.29m |
| Oct 7, 2026 | $2.29m |
| Oct 8, 2026 | $2.16m |
| Oct 9, 2026 | $149,202 |
| Oct 10, 2026 | $50,885 |
| Oct 11, 2026 | $50,658 |
| Oct 12, 2026 | $49,320 |
| Oct 13, 2026 | $134,369 |
| Oct 14, 2026 | $152,208 |
| Oct 15, 2026 | $1.21m |
| Oct 16, 2026 | $1.29m |
| Oct 17, 2026 | $1.3m |
| Oct 18, 2026 | $1.31m |
| Oct 19, 2026 | $1.33m |
| Oct 20, 2026 | $1.38m |
| Oct 21, 2026 | $1.44m |
| Oct 22, 2026 | $1.51m |
| Oct 23, 2026 | $1.36m |
| Oct 24, 2026 | $1.34m |
| Oct 25, 2026 | $1.38m |
| Oct 26, 2026 | $1.36m |
| Oct 27, 2026 | $1.36m |
TVL at each month end, Dec 2024 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $513,827 |
| Jan 31, 2025 | $1.07m |
| Feb 28, 2025 | $1.4m |
| Mar 31, 2025 | $1.27m |
| Apr 30, 2025 | $1.25m |
| May 31, 2025 | $1.49m |
| Jun 30, 2025 | $2.32m |
| Jul 31, 2025 | $3.74m |
| Aug 31, 2025 | $17,204 |
| Sep 30, 2025 | $17,868 |
| Oct 31, 2025 | $16,594 |
| Nov 30, 2025 | $9,599 |
| Dec 31, 2025 | $9,468 |
| Jan 31, 2026 | $8,929 |
| Feb 28, 2026 | $8,125 |
| Mar 31, 2026 | $8,125 |
| Apr 30, 2026 | $8,125 |
| May 31, 2026 | $8,125 |
| Jun 30, 2026 | $1.33m |
| Jul 31, 2026 | $2.03m |
| Aug 31, 2026 | $790,931 |
| Sep 30, 2026 | $2.16m |
| Oct 27, 2026 (latest) | $1.36m |
Fees and revenue by UTC calendar month, Apr 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Apr 2026 | $1.23 | $1.23 |
| May 2026 | $34.50 | $34.50 |
| Jun 2026 | $817.51 | $817.51 |
| Jul 2026 | $1,814 | $1,814 |
| Aug 2026 | $3,576 | $3,576 |
| Sep 2026 | $5,418 | $5,418 |
| Oct 2026 (to date) | $3,090 | $3,090 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/panoptic-protocol
Frequently asked questions
What is Panoptic protocol's TVL?
As of Oct 27, 2026, Panoptic protocol has $1.38m in total value locked. TVL has decreased 37.4% over the past 30 days.
What chains does Panoptic protocol operate on?
Panoptic protocol operates on 4 chains: Ethereum, Unichain, Base, and Robinhood Chain. Ethereum holds the largest share at 98.6%.
How much has Panoptic protocol generated in fees and revenue?
Over the past 30 days, Panoptic protocol generated $3,659 in fees. Of that, $3,659 was protocol revenue. Based on the trailing year, the annualized rate is $26,392 in fees and $26,392 in revenue.
How does Panoptic protocol's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Panoptic protocol ranks #4 by TVL. The category holds $206.21m across 71 protocols, and Panoptic protocol accounts for 0.7% of that total. Similar protocols include Thetanuts Finance, Prodigy.Fi V2, GammaSwap Open Interest, Derive V3 Options, Hegic, Deri V4, Ribbon Earn, Opyn Gamma, SOFA.org, and Opyn Convexity.
Has Panoptic protocol ever been exploited?
Panoptic protocol has 1 recorded security incident. The most recent incident occurred on Aug 25, 2025 and involved $0. It was classified as Input Validation.