Storm Trade

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.

Total amount of jUSDT locked in the StormTrade vault (EQDynReiCeK8xlKRbYArpp4jyzZuF6-tYfhFM0O5ulOs5H0L)

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

Storm Trade's governance or utility token carries a market capitalisation of 2,4 M $US based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (2,4 M $US) is small relative to deposits secured by the protocol (8,8 M $US); a mcap/TVL multiple of 0.27× 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.

Événements majeurs signalés par la communauté DeFiLlama — lancements de protocole, exploits, changements de gouvernance et programmes d'incitations.

1. Dec 4, 2023
   Listé sur DeFiLlama

Storm Trade 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 TON. No public audit reports are listed on DeFiLlama for this protocol.

Storm Trade is a single-chain protocol, deployed exclusively on TON — this concentrates execution risk but simplifies the trust model. Price discovery relies on 2 oracle providers (Pyth, Stork), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Its token market cap (2,4 M $US) is small relative to TVL (8,8 M $US) — a mcap/TVL ratio of 0.27 is often read as the token being structurally undervalued versus the activity it secures.

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

Storm Trade 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 2,3 Md $US in deposits, giving you a frame of reference for whether Storm Trade'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%