Uniwhale

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

Uniwhale's governance or utility token carries a market capitalisation of $2.9K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($2.9K) is small relative to deposits secured by the protocol ($55.2K); a mcap/TVL multiple of 0.05× 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.

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

1. Mar 7, 2023
   Listed on DeFiLlama

Uniwhale 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 Binance. The codebase has been independently audited (2 reports on file).

Uniwhale 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 (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Its token market cap ($2.9K) is small relative to TVL ($55.2K) — a mcap/TVL ratio of 0.05 is often read as the token being structurally undervalued versus the activity it secures.

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

Uniwhale 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 Uniwhale'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%