Twindex

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

Twindex's governance or utility token carries a market capitalisation of 1907 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (1907 $) is small relative to deposits secured by the protocol (137.182,9 $); a mcap/TVL multiple of 0.01× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

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.

Twindex is a Options 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 Binance.

Twindex is a single-chain protocol, deployed exclusively on Binance — 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. Its token market cap (1907 $) is small relative to TVL (137.182,9 $) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.

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

Twindex is one of 7 Options protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Rysk V12, Hegic, Deri V4, and 3 more. These peer protocols collectively secure 85,6 Mio. $ in deposits, giving you a frame of reference for whether Twindex's own TVL is at the top, middle, or tail of the category.

Rysk V12

TVL 62,6 Mio. $ · 24h +4.61%

Hegic

TVL 9,8 Mio. $ · 24h -0.02%

Deri V4

TVL 7,8 Mio. $ · 24h +0.27%

Hypersurface

TVL 2,7 Mio. $ · 24h +3.58%

GammaSwap Open Interest

TVL 1,4 Mio. $ · 24h +0.51%

Jasper Vault

TVL 1,3 Mio. $ · 24h -0.03%