Levana Perps

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

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL is the sum of deposits into the Liquidity pools combined with the sum of trader collateral for open and pending positions

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Levana Perps's governance or utility token carries a market capitalisation of $527.3K based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($527.3K) and TVL ($700.8K) trade close together, giving a mcap/TVL multiple of 0.75× — 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.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Sep 1, 2023
   Listed on DeFiLlama
2. Jan 26, 2026
   Protocol shutdown

Levana Perps 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 Osmosis, Neutron, Sei, Injective. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2026.

Levana Perps operates on 4 networks (Osmosis, Neutron, Sei, Injective), keeping its surface area narrower than chain-agnostic peers. Roughly 99% of its on-chain value sits on just three networks (Osmosis, Neutron, Sei), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Pyth); 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 ($527.3K) and TVL ($700.8K) trade at a ratio of 0.75, in the range generally considered normal for an established DeFi protocol.

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

Levana Perps 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 $2.3B in deposits, giving you a frame of reference for whether Levana Perps's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL $910.6M · 24h -0.27%

Hyperliquid HLP

TVL $431.7M · 24h +0.11%

Drift Trade

TVL $334.4M · 24h +0.22%

GMX V2 Perps

TVL $267.5M · 24h -0.08%

Extended

TVL $196.4M · 24h +0.06%

dYdX V4

TVL $125.3M · 24h +0.58%