Ask about Racks · freeRacks
Total Value Locked$4,364
TVL by Chain
Hyperliquid L1$4,364
Key Metrics
Fees 30d$0
Fees 30d by chain
Hyperliquid L1$0
Fees 7d$0
Hyperliquid L1$0
Fees 24h$0
Hyperliquid L1$0
Cumulative Fees$50,438
Hyperliquid L1$50,438
Revenue 30d$0
Revenue 30d by chain
Hyperliquid L1$0
Revenue 7d$0
Hyperliquid L1$0
Revenue 24h$0
Hyperliquid L1$0
Cumulative Revenue$50,438
Hyperliquid L1$50,438
Options Premium Volume 30d$0
Options Premium Volume 7d$0
Options Premium Volume 24h$0
Cumulative Options Premium Volume$1.06m
Options Notional Volume 30d$0
Options Notional Volume 7d$0
Options Notional Volume 24h$0
Cumulative Options Notional Volume$2.827b
Protocol Information
Racks is a platform for fast paced 1000x leveraged trading on HyperEVM via 1-minute expiry options
Methodology
TVL: Sum of all USDT deposits in Collateral VaultView code on GitHubFees: V1: Trading fees calculated as 5% of trade value (size * limitPrice) from LimitOrderFilled events. Net after taker fee/maker rebate is 5% to protocol. V2 (After Sept 25, 2025): Fees extracted from Settled events where the fee recipient receives positive pnl, including trading fees and liquidation penalties. Same 5% net fee to protocol.View code on GitHubRevenue: All fees collected go directly to the protocol treasuryView code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHubCompetitors
Racks history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 20, 2025 to Oct 27, 2026.
All-time high TVL: $53,245 on Oct 9, 2025. All-time low TVL: $4,363 on Feb 6, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $4,369 |
| Sep 29, 2026 | $4,369 |
| Sep 30, 2026 | $4,370 |
| Oct 1, 2026 | $4,368 |
| Oct 2, 2026 | $4,370 |
| Oct 3, 2026 | $4,370 |
| Oct 4, 2026 | $4,371 |
| Oct 5, 2026 | $4,371 |
| Oct 6, 2026 | $4,371 |
| Oct 7, 2026 | $4,371 |
| Oct 8, 2026 | $4,369 |
| Oct 9, 2026 | $4,368 |
| Oct 10, 2026 | $4,367 |
| Oct 11, 2026 | $4,367 |
| Oct 12, 2026 | $4,367 |
| Oct 13, 2026 | $4,367 |
| Oct 14, 2026 | $4,367 |
| Oct 15, 2026 | $4,366 |
| Oct 16, 2026 | $4,366 |
| Oct 17, 2026 | $4,366 |
| Oct 18, 2026 | $4,367 |
| Oct 19, 2026 | $4,366 |
| Oct 20, 2026 | $4,367 |
| Oct 21, 2026 | $4,367 |
| Oct 22, 2026 | $4,369 |
| Oct 23, 2026 | $4,366 |
| Oct 24, 2026 | $4,366 |
| Oct 25, 2026 | $4,366 |
| Oct 26, 2026 | $4,367 |
| Oct 27, 2026 | $4,365 |
TVL at each month end, Jun 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jun 30, 2025 | $14,308 |
| Jul 31, 2025 | $25,496 |
| Aug 31, 2025 | $34,952 |
| Sep 30, 2025 | $5,493 |
| Oct 31, 2025 | $4,372 |
| Nov 30, 2025 | $4,371 |
| Dec 31, 2025 | $4,366 |
| Jan 31, 2026 | $4,365 |
| Feb 28, 2026 | $4,372 |
| Mar 31, 2026 | $4,366 |
| Apr 30, 2026 | $4,371 |
| May 31, 2026 | $4,365 |
| Jun 30, 2026 | $4,363 |
| Jul 31, 2026 | $4,367 |
| Aug 31, 2026 | $4,374 |
| Sep 30, 2026 | $4,370 |
| Oct 27, 2026 (latest) | $4,365 |
Fees and revenue by UTC calendar month, Jun 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Jun 2025 | $14,518 | $14,518 |
| Jul 2025 | $11,807 | $11,807 |
| Aug 2025 | $4,852 | $4,852 |
| Sep 2025 | $13,882 | $13,882 |
| Oct 2025 | $5,379 | $5,379 |
| Nov 2025 | $0 | $0 |
| Dec 2025 | $0 | $0 |
| Jan 2026 | $0 | $0 |
| Feb 2026 | $0 | $0 |
| Mar 2026 | $0 | $0 |
| Apr 2026 | $0 | $0 |
| May 2026 | $0 | $0 |
| Jun 2026 | $0 | $0 |
| Jul 2026 | $0 | $0 |
| Aug 2026 | $0 | $0 |
| Sep 2026 | $0 | $0 |
| Oct 2026 (to date) | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/racks
Frequently asked questions
What is Racks' TVL?
As of Oct 27, 2026, Racks has $4,364 in total value locked. TVL has decreased 0.1% over the past 30 days.
What chains does Racks operate on?
Racks operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Racks generated in fees and revenue?
Over the past 30 days, Racks generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $35 in fees and $35 in revenue.
How does Racks' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Racks ranks #180 by TVL. The category holds $1.965b across 426 protocols, and Racks accounts for <0.1% of that total. Similar protocols include Hyperliquid HLP, Papertrade, Bounce.Tech, Derive V2, SIR, Jupiter Perpetual Exchange, GMX EVM, Lighter Robinhood Perps, Extended Perps, and Lighter LLP.