Primex Finance

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Primex Finance's governance or utility token carries a market capitalisation of 15.371,2 $ based on circulating supply at the latest DeFiLlama snapshot. Token market cap (15.371,2 $) and TVL (24.639,7 $) trade close together, giving a mcap/TVL multiple of 0.62× — broadly the range market participants treat as "fair" for an established DeFi protocol. A further 479,3 $ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Oct 19, 2023
   Auf DeFiLlama gelistet

Primex Finance is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 4 chains, including Ethereum, Polygon, Arbitrum, Base. The codebase has been independently audited (1 report on file).

Primex Finance operates on 4 networks (Ethereum, Polygon, Arbitrum, Base), keeping its surface area narrower than chain-agnostic peers. Roughly 95% of its on-chain value sits on just three networks (Ethereum, Polygon, Arbitrum), so a fault on any one of them would affect a large slice of users. Price discovery relies on 3 oracle providers (Pyth, Chainlink, RedStone), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap (15.371,2 $) and TVL (24.639,7 $) trade at a ratio of 0.62, in the range generally considered normal for an established DeFi protocol.

Verified external resources for Primex Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Primex Finance is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure 2,3 Mrd. $ in deposits, giving you a frame of reference for whether Primex Finance's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL 910,6 Mio. $ · 24h -0.27%

Hyperliquid HLP

TVL 431,7 Mio. $ · 24h +0.11%

Drift Trade

TVL 334,4 Mio. $ · 24h +0.22%

GMX V2 Perps

TVL 267,5 Mio. $ · 24h -0.08%

Extended

TVL 196,4 Mio. $ · 24h +0.06%

dYdX V4

TVL 125,3 Mio. $ · 24h +0.58%