Siren
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Protocol TVL
About Siren
Decentralized option markets on Ethereum.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Siren tokenomics and on-chain capital
Siren's governance or utility token carries a market capitalisation of $97.7K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($97.7K) is small relative to deposits secured by the protocol ($306K); a mcap/TVL multiple of 0.32× 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.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Protocol Profile
Siren 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 across 3 chains, including Ethereum, Polygon, Arbitrum. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Siren operates on 3 networks (Ethereum, Polygon, Arbitrum), keeping its surface area narrower than chain-agnostic peers. Roughly 100% 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 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 ($97.7K) and TVL ($306K) trade at a ratio of 0.32, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Siren — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Options protocols on Mantapex
Siren 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 $85.6M in deposits, giving you a frame of reference for whether Siren's own TVL is at the top, middle, or tail of the category.
Recent Siren news
Latest reporting from major crypto news outlets covering Siren.
- Crypto Economy
SIREN Token Collapses 95% in Massive Sell-Off
SIREN plunged from around $1.30 to $0.05 after its controller sold an enormous share of supply into the market over the weekend. Blockchain trackers tied the selling to roughly…
- AMBCrypto
SIREN crashes 55% as pump-and-dump claims erupt – Is recovery possible?
Here's what caused the price of SIREN to crash more than 90% in two days.
- Bitcoin
SIREN Token Collapses as Whale Dumps 92% of Total Supply for $64.8 Million
The price of SIREN cratered more than 95% after a single whale offloaded about 670 million tokens (roughly 92% of the currency's total supply) over two days, cashing out an…
- Invezz
SIREN coin price drops 98% from recent ATH, is it the end of the AI token?
SIREN, a BNB Chain-based AI meme token that briefly captured the attention of the crypto market earlier this year, is in freefall. The token has shed 98.3% of its value from its…
- CryptoPotato
SIREN Crashes 96% as Whale Dumps 94% of Supply
The whale who dumped the token reportedly walked away with nearly $65 million in USDT, $25 million of which has been moved to exchanges.
- CryptoTicker
SIREN Crypto: The AI Meme Coin That Pumped 6,800% Then Crashed 90%
SIREN crashed ~90% in 5 days, wiping out $760M after its top holder dumped $7.5M. Here's the project, the people, and the pump-and-dump story.
- AMBCrypto
SIREN crashes 67% after losing key support – Can bulls stop the bleeding?
A brutal drop leaves SIREN bulls scrambling to defend against further losses.
- BeInCrypto
SIREN Token Crashes 75% as Whale Triggers a Massive Sell-Off
SIREN, the BNB Chain token tied to meme and AI-agent narratives, crashed roughly 75% in 24 hours on Saturday, sliding from highs near $0.520 to lows around $0.126 after its top…
Related protocols
Other DeFi protocols connected to Siren by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
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Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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