Tea-REX

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

Tea-REX's governance or utility token carries a market capitalisation of 174.570,6 $ based on circulating supply at the latest DeFiLlama snapshot. Token market cap (174.570,6 $) and TVL (217.832,5 $) trade close together, giving a mcap/TVL multiple of 0.80× — broadly the range market participants treat as "fair" for an established DeFi protocol.

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. Mar 19, 2025
   Auf DeFiLlama gelistet

Tea-REX 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 on Sei. The codebase has been independently audited (1 report on file).

Tea-REX is a single-chain protocol, deployed exclusively on Sei — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap (174.570,6 $) and TVL (217.832,5 $) trade at a ratio of 0.80, in the range generally considered normal for an established DeFi protocol.

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

Tea-REX 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 Tea-REX'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%