Mycelium Perpetual Swaps

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.

We count liquidity in Perpetual Swaps based on the value of tokens in the MLP pool.

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

Mycelium Perpetual Swaps's governance or utility token carries a market capitalisation of 170,5 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (170,5 mil US$) above the protocol's on-chain TVL (105,4 mil US$) — a mcap/TVL multiple of 1.62× implies investors are paying for expected future fee flows rather than current deposits alone.

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.

Mycelium Perpetual Swaps is published as a versioned release inside the Mycelium protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Mycelium Perpetual Swaps es una versión dentro de una familia de protocolos mayor. Abre el protocolo padre para ver el TVL combinado y todas las versiones hermanas.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Aug 18, 2022
   Listado en DeFiLlama

Mycelium Perpetual Swaps 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 Arbitrum.

Mycelium Perpetual Swaps is a single-chain protocol, deployed exclusively on Arbitrum — 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 (170,5 mil US$) currently exceeds total value locked (105,4 mil US$) — a mcap/TVL ratio of 1.62 suggests the market is pricing in more growth than current deposits support.

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

Mycelium Perpetual Swaps 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 Mycelium Perpetual Swaps'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%