Total Value Locked$2.09m
TVL by Chain
Cardano$2.01m
Ethereum$87,067
Key Metrics
Fees 30d$57,911
Fees 30d by chain
Off Chain$57,911
Fees 7d$14,928
Off Chain$14,928
Fees 24h$1,764
Off Chain$1,764
Cumulative Fees$911,705
Cardano$519,821
Off Chain$391,884
Revenue 30d$57,911
Revenue 30d by chain
Off Chain$57,911
Revenue 7d$14,928
Off Chain$14,928
Revenue 24h$1,764
Off Chain$1,764
Cumulative Revenue$911,705
Cardano$519,821
Off Chain$391,884
Holders Revenue 30d$57,911
Holders Revenue 30d by chain
Off Chain$57,911
Holders Revenue 7d$14,928
Off Chain$14,928
Holders Revenue 24h$1,764
Off Chain$1,764
Cumulative Holders Revenue$827,517
Cardano$435,633
Off Chain$391,884
Perp Volume 30d$189.42m
Perp Volume 30d by chain
Off Chain$189.42m
Perp Volume 7d$50.09m
Off Chain$50.09m
Perp Volume 24h$7.19m
Off Chain$7.19m
Cumulative Perp Volume$1.559b
Off Chain$867.1m
Cardano$691.64m
Open Interest$1.21m
Market Cap$8.49m
$STRIKE Price$0.47
Fully Diluted Valuation$11.78m
$STRIKE Volume 24h$8,843
CEX Volume$0
DEX Volume$8,939(101.09% of total)
Staked$337,770(3.98% of mcap)
Protocol Information
Strike Finance is an open-source derivatives protocol built on top of Cardano offering options, forwards, and perpetual contract trading
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All trading fees collected by the platform.View code on GitHubRevenue: All trading fees collected by the platform.View code on GitHubHolders Revenue: 100% of all trading fees collected by the platform goes to $STRIKE holders.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Strike Finance Perpetuals history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from May 15, 2025 to Oct 27, 2026.
All-time high TVL: $7.58m on Jul 11, 2025. All-time low TVL: $80,358 on May 15, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $2.41m |
| Sep 29, 2026 | $2.4m |
| Sep 30, 2026 | $2.41m |
| Oct 1, 2026 | $2.44m |
| Oct 2, 2026 | $2.42m |
| Oct 3, 2026 | $2.43m |
| Oct 4, 2026 | $2.44m |
| Oct 5, 2026 | $2.42m |
| Oct 6, 2026 | $2.43m |
| Oct 7, 2026 | $2.41m |
| Oct 8, 2026 | $2.43m |
| Oct 9, 2026 | $2.36m |
| Oct 10, 2026 | $2.39m |
| Oct 11, 2026 | $2.4m |
| Oct 12, 2026 | $2.43m |
| Oct 13, 2026 | $2.33m |
| Oct 14, 2026 | $2.39m |
| Oct 15, 2026 | $2.37m |
| Oct 16, 2026 | $2.4m |
| Oct 17, 2026 | $2.38m |
| Oct 18, 2026 | $2.37m |
| Oct 19, 2026 | $2.44m |
| Oct 20, 2026 | $2.46m |
| Oct 21, 2026 | $2.43m |
| Oct 22, 2026 | $2.31m |
| Oct 23, 2026 | $2.19m |
| Oct 24, 2026 | $2.14m |
| Oct 25, 2026 | $2.14m |
| Oct 26, 2026 | $2.13m |
| Oct 27, 2026 | $2.1m |
TVL at each month end, May 2025 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2025 | $299,378 |
| Jun 30, 2025 | $5.24m |
| Jul 31, 2025 | $3.69m |
| Aug 31, 2025 | $5.99m |
| Sep 30, 2025 | $3.32m |
| Oct 31, 2025 | $5.03m |
| Nov 30, 2025 | $2.94m |
| Dec 31, 2025 | $4.47m |
| Jan 31, 2026 | $2.2m |
| Feb 28, 2026 | $2.44m |
| Mar 31, 2026 | $2.04m |
| Apr 30, 2026 | $2.09m |
| May 31, 2026 | $1.79m |
| Jun 30, 2026 | $976,793 |
| Jul 31, 2026 | $2.55m |
| Aug 31, 2026 | $2.49m |
| Sep 30, 2026 | $2.41m |
| Oct 27, 2026 (latest) | $2.1m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2025 | $52,599 | $52,599 | - |
| Apr 2025 | $26,818 | $26,818 | - |
| May 2025 | $26,056 | $26,056 | $21,285 |
| Jun 2025 | $42,570 | $42,570 | $42,570 |
| Jul 2025 | $43,989 | $43,989 | $43,989 |
| Aug 2025 | $43,989 | $43,989 | $43,989 |
| Sep 2025 | $42,570 | $42,570 | $42,570 |
| Oct 2025 | $43,989 | $43,989 | $43,989 |
| Nov 2025 | $42,570 | $42,570 | $42,570 |
| Dec 2025 | $43,989 | $43,989 | $43,989 |
| Jan 2026 | $43,989 | $43,989 | $43,989 |
| Feb 2026 | $39,732 | $39,732 | $39,732 |
| Mar 2026 | $46,072 | $46,072 | $46,072 |
| Apr 2026 | $38,809 | $38,809 | $38,809 |
| May 2026 | $77,761 | $77,761 | $77,761 |
| Jun 2026 | $48,735 | $48,735 | $48,735 |
| Jul 2026 | $28,729 | $28,729 | $28,729 |
| Aug 2026 | $53,268 | $53,268 | $53,268 |
| Sep 2026 | $75,837 | $75,837 | $75,837 |
| Oct 2026 (to date) | $51,398 | $51,398 | $51,398 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/strike-finance-perpetuals
Frequently asked questions
What is Strike Finance Perpetuals' TVL?
As of Oct 27, 2026, Strike Finance Perpetuals has $2.09m in total value locked. TVL has decreased 13.1% over the past 30 days.
What chains does Strike Finance Perpetuals operate on?
Strike Finance Perpetuals operates on 3 chains: Cardano, Ethereum, and Off Chain. Cardano holds the largest share at 95.8%.
How much has Strike Finance Perpetuals generated in fees and revenue?
Over the past 30 days, Strike Finance Perpetuals generated $57,911 in fees. Of that, $57,911 was protocol revenue. Based on the trailing year, the annualized rate is $596,220 in fees and $596,220 in revenue.
What is the STRIKE token price and valuation?
STRIKE is currently trading at $0.47. Its circulating market capitalization is $8.52m, ranking it #1,595. Its fully diluted valuation is $11.84m. Supply currently stands at 18m circulating, 25m total supply, 25m maximum supply.
How has STRIKE performed recently?
STRIKE is down 7.8% over the past 7 days and down 19% over the past 30 days. Its all-time high is $2.17, reached on Aug 27, 2025. The token is currently 78.2% below that level.
How does Strike Finance Perpetuals' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Strike Finance Perpetuals ranks #40 by TVL. The category holds $1.967b across 426 protocols, and Strike Finance Perpetuals accounts for 0.1% of that total. Similar protocols include Extended Perps, AZverse Perps, Apex Omni, Aevo Perps, dYdX V3, Contango V2, Hakka Finance, AlphaX, ApeX Pro, and Synthetix V4.
How much perpetual futures volume does Strike Finance Perpetuals process?
Strike Finance Perpetuals processed $189.42m in perpetual futures volume over the past 30 days.

