Ask about Surf Protocol · freeSurf ProtocolDeprecated protocol
Key Metrics
Cumulative Fees$5.59m
Cumulative Fees by chain
Merlin$5.39m
Base$200,121
Cumulative Perp Volume$1.933b
Cumulative Perp Volume by chain
Merlin$1.897b
Base$35.99m
Total Raised$5m
Oct 30, 2023$5mRound: SeedInvestors: ABCDE, Amber Group, Inception Fund
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Protocol Information
Surf is a decentralized trading protocol that aims to deliver the best trading experience for DeFi users, offering an unlimited number of tradable assets, lower fees, and transparent settlement
Category:Derivatives
Audits:
Methodology
TVL: Count the total balance across all pools for all trading pairs.View code on GitHubFees: Fees paid by usersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubSurf Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 19, 2023 to Jan 20, 2026.
All-time high TVL: $41.53m on Jun 10, 2024. All-time low TVL: $295 on Dec 19, 2023.
Daily TVL, Dec 22, 2025 to Jan 20, 2026
| Date | TVL |
|---|---|
| Dec 22, 2025 | $6,000 |
| Dec 23, 2025 | $5,999 |
| Dec 24, 2025 | $5,999 |
| Dec 25, 2025 | $6,001 |
| Dec 26, 2025 | $5,999 |
| Dec 27, 2025 | $6,000 |
| Dec 28, 2025 | $6,000 |
| Dec 29, 2025 | $6,002 |
| Dec 30, 2025 | $5,998 |
| Dec 31, 2025 | $5,999 |
| Jan 1, 2026 | $5,998 |
| Jan 2, 2026 | $5,999 |
| Jan 3, 2026 | $5,999 |
| Jan 4, 2026 | $5,999 |
| Jan 5, 2026 | $5,998 |
| Jan 6, 2026 | $5,999 |
| Jan 7, 2026 | $5,999 |
| Jan 8, 2026 | $5,999 |
| Jan 9, 2026 | $5,999 |
| Jan 10, 2026 | $5,999 |
| Jan 11, 2026 | $6,002 |
| Jan 12, 2026 | $5,998 |
| Jan 13, 2026 | $5,998 |
| Jan 14, 2026 | $5,998 |
| Jan 15, 2026 | $5,999 |
| Jan 16, 2026 | $5,998 |
| Jan 17, 2026 | $6,014 |
| Jan 18, 2026 | $6,062 |
| Jan 19, 2026 | $5,998 |
| Jan 20, 2026 | $5,998 |
TVL at each month end, Feb 2024 to Jan 2026
| Date | TVL |
|---|---|
| Feb 29, 2024 | $1.19m |
| Mar 31, 2024 | $1.07m |
| Apr 30, 2024 | $26.45m |
| May 31, 2024 | $32.77m |
| Jun 30, 2024 | $37.26m |
| Jul 31, 2024 | $31.33m |
| Aug 31, 2024 | $25.62m |
| Sep 30, 2024 | $22.88m |
| Oct 31, 2024 | $38.67m |
| Nov 30, 2024 | $20.45m |
| Dec 31, 2024 | $19.31m |
| Jan 31, 2025 | $21.89m |
| Feb 28, 2025 | $17.35m |
| Mar 31, 2025 | $17.02m |
| Apr 30, 2025 | $12.85m |
| May 31, 2025 | $21.08m |
| Jun 30, 2025 | $21.39m |
| Jul 31, 2025 | $23.65m |
| Aug 31, 2025 | $21.73m |
| Sep 30, 2025 | $22.91m |
| Oct 31, 2025 | $21.63m |
| Nov 30, 2025 | $18.45m |
| Dec 31, 2025 | $5,999 |
| Jan 20, 2026 (latest) | $5,998 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $402,759 |
| Dec 31, 2024 | $19.31m |
| Dec 31, 2025 | $5,999 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/surf-protocol