Total Value Locked$824,884
TVL by Chain
Ethereum$824,884
Key Metrics
Fees 30d$4,312
Fees 30d by chain
Ethereum$4,312
Fees 7d$842
Ethereum$842
Fees 24h$34
Ethereum$34
Cumulative Fees$22,155
Ethereum$22,155
Revenue 30d$4,312
Revenue 30d by chain
Ethereum$4,312
Revenue 7d$842
Ethereum$842
Revenue 24h$34
Ethereum$34
Cumulative Revenue$22,155
Ethereum$22,155
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Perp Volume 30d$67.59m
Perp Volume 30d by chain
Ethereum$67.59m
Perp Volume 7d$15.51m
Ethereum$15.51m
Perp Volume 24h$1.97m
Ethereum$1.97m
Cumulative Perp Volume$978.27m
Ethereum$978.27m
Open Interest$352,685
Protocol Information
Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Powering the next generation of permissionless protocols.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Trading fees paid by users on Synthetix v4 perpetual futures trades.View code on GitHubRevenue: Trading fees retained by the protocol.View code on GitHubHolders Revenue: Fees going to governance token holdersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Synthetix V4 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 23, 2026 to Oct 27, 2026.
All-time high TVL: $1.38m on Jul 7, 2026. All-time low TVL: $844,709 on Sep 14, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $845,867 |
| Sep 29, 2026 | $846,044 |
| Sep 30, 2026 | $845,542 |
| Oct 1, 2026 | $897,486 |
| Oct 2, 2026 | $898,400 |
| Oct 3, 2026 | $898,749 |
| Oct 4, 2026 | $899,074 |
| Oct 5, 2026 | $900,588 |
| Oct 6, 2026 | $900,296 |
| Oct 7, 2026 | $899,551 |
| Oct 8, 2026 | $896,668 |
| Oct 9, 2026 | $893,628 |
| Oct 10, 2026 | $898,769 |
| Oct 11, 2026 | $898,573 |
| Oct 12, 2026 | $900,234 |
| Oct 13, 2026 | $884,485 |
| Oct 14, 2026 | $887,090 |
| Oct 15, 2026 | $883,472 |
| Oct 16, 2026 | $888,356 |
| Oct 17, 2026 | $887,717 |
| Oct 18, 2026 | $887,349 |
| Oct 19, 2026 | $887,804 |
| Oct 20, 2026 | $887,507 |
| Oct 21, 2026 | $889,086 |
| Oct 22, 2026 | $930,066 |
| Oct 23, 2026 | $926,918 |
| Oct 24, 2026 | $922,182 |
| Oct 25, 2026 | $921,168 |
| Oct 26, 2026 | $914,538 |
| Oct 27, 2026 | $921,771 |
TVL at each month end, Jun 2026 to Oct 2026
| Date | TVL |
|---|---|
| Jun 30, 2026 | $1.3m |
| Jul 31, 2026 | $885,035 |
| Aug 31, 2026 | $944,933 |
| Sep 30, 2026 | $845,542 |
| Oct 27, 2026 (latest) | $921,771 |
Fees, revenue and holders revenue by UTC calendar month, May 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| May 2026 | $5,922 | $5,922 | $0 |
| Aug 2026 | $1,739 | $1,739 | $0 |
| Sep 2026 | $10,761 | $10,761 | $0 |
| Oct 2026 (to date) | $3,733 | $3,733 | $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/synthetix-v4
Frequently asked questions
What is Synthetix V4's TVL?
As of Oct 27, 2026, Synthetix V4 has $824,884 in total value locked. TVL has decreased 2.5% over the past 30 days.
What chains does Synthetix V4 operate on?
Synthetix V4 operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Synthetix V4 generated in fees and revenue?
Over the past 30 days, Synthetix V4 generated $4,312 in fees. Of that, $4,312 was protocol revenue. Based on the trailing year, the annualized rate is $112,314 in fees and $112,314 in revenue.
How does Synthetix V4's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Synthetix V4 ranks #53 by TVL. The category holds $1.973b across 426 protocols, and Synthetix V4 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, Strike Finance Perpetuals, and ApeX Pro.
How much perpetual futures volume does Synthetix V4 process?
Synthetix V4 processed $67.59m in perpetual futures volume over the past 30 days.