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Logo of WaterXWaterX
Total Value Locked$495,039.03

TVL by Chain

Sui$495,039.03

Key Metrics

Perp Volume 30d$2.51m
Perp Volume 30d by chain

Sui$2.51m

Perp Volume 7d$302,832

Sui$302,832

Perp Volume 24h$45,126

Sui$45,126

Cumulative Perp Volume$6.61m

Sui$6.61m

Protocol Information

AI-native trading engine on Sui Network

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Category:Derivatives

Methodology

TVL: Counts the real stablecoin reserves (USDC, USDsui) locked in the WaterX custody vault (native_custody::custody_vault), the Peg Stability Module that backs every WaterX USD 1:1. This captures the protocol's full TVL — WLP liquidity, perp position collateral and idle account balances — since all of it is denominated in WaterX USD redeemable against these reserves.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Sudo Perps ($2.53m)DipCoin Perps ($1.94m)Bluefin Pro ($1.73m)Astros Perp ($287,042.98)ZO Perps ($136,826.66)Typus Perp ($6,942.69)ABEx Finance ($1,087.43)Bluefin LegacyJupiter Perpetual Exchange ($750.44m)GMX V2 Perps ($204.62m)

Frequently Asked Questions

What is WaterX's TVL?

WaterX currently has $495,039.03 in total value locked. TVL has decreased 22.8% over the past 30 days.

What chains does WaterX operate on?

WaterX operates on Sui. Sui holds the largest share at 100%.

How does WaterX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, WaterX ranks #67 by TVL. The category holds $2.052b across 424 protocols, and WaterX accounts for <0.1% of that total. Other leading protocols include Sudo Perps, DipCoin Perps, Bluefin Pro, Astros Perp, ZO Perps, Typus Perp, ABEx Finance, Bluefin Legacy, Jupiter Perpetual Exchange, and GMX V2 Perps.

How much perpetual futures volume does WaterX process?

WaterX processed $2.51m in perpetual futures volume over the past 30 days.