SakePerp

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 consists of pools in the factory contract and the BUSD in the PerpVault contract. Staking consists of SAKE in SakeBar.

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

SakePerp's governance or utility token carries a market capitalisation of 18,3 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (18,3 mil US$) is small relative to deposits secured by the protocol (59,5 mil US$); a mcap/TVL multiple of 0.31× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 974,6 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.

SakePerp is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 2 chains, including Ethereum, Binance. The codebase has been independently audited (2 reports on file).

SakePerp operates on 2 networks (Ethereum, Binance), keeping its surface area narrower than chain-agnostic peers. Roughly 98% of its on-chain value sits on just three networks (Ethereum, Binance, staking), so a fault on any one of them would affect a large slice of users. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Token market cap (18,3 mil US$) and TVL (59,5 mil US$) trade at a ratio of 0.31, in the range generally considered normal for an established DeFi protocol.

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

SakePerp is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure 7999,9 M US$ in deposits, giving you a frame of reference for whether SakePerp's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL 1889,8 M US$ · 24h +0.39%

Uniswap V3

TVL 1768,7 M US$ · 24h -0.67%

PancakeSwap AMM

TVL 1697,1 M US$ · 24h +0.14%

Raydium AMM

TVL 1101,3 M US$ · 24h +0.66%

Uniswap V2

TVL 872,4 M US$ · 24h -0.17%

Uniswap V4

TVL 670,6 M US$ · 24h -0.47%