Keep3r Network

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

Keep3r Network's governance or utility token carries a market capitalisation of 568,2 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (568,2 mil US$) is small relative to deposits secured by the protocol (3,3 M US$); a mcap/TVL multiple of 0.17× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 61,7 mil US$ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

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.

Keep3r Network 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 Ethereum. The codebase has been independently audited (1 report on file).

Keep3r Network is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 97% of its on-chain value sits on just three networks (Ethereum, Ethereum-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (568,2 mil US$) is small relative to TVL (3,3 M US$) — a mcap/TVL ratio of 0.17 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Keep3r Network — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Keep3r Network 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 2265,9 M US$ in deposits, giving you a frame of reference for whether Keep3r Network's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL 910,6 M US$ · 24h -0.27%

Hyperliquid HLP

TVL 431,7 M US$ · 24h +0.11%

Drift Trade

TVL 334,4 M US$ · 24h +0.22%

GMX V2 Perps

TVL 267,5 M US$ · 24h -0.08%

Extended

TVL 196,4 M US$ · 24h +0.06%

dYdX V4

TVL 125,3 M US$ · 24h +0.58%