Vertex Perps

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

Vertex Perps's governance or utility token carries a market capitalisation of 61,8 k $US based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (61,8 k $US) above the protocol's on-chain TVL (50 $US) — a mcap/TVL multiple of 1236.73× 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.

Vertex Perps is published as a versioned release inside the Vertex Edge 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.

Vertex Perps est une version au sein d'une famille de protocoles plus large. Ouvrez le protocole parent pour la TVL combinée et toutes les versions sœurs.

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

1. Apr 26, 2023
   Listé sur DeFiLlama

Vertex Perps 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 across 7 chains, including Arbitrum, Avalanche, Base, Sonic and 3 other chains.

Vertex Perps runs a multi-chain deployment, with smart contracts live on 7 networks. Price feeds come from a single oracle provider (Stork); an outage or manipulation of that feed would propagate into every market the protocol prices. Its token market cap (61,8 k $US) currently exceeds total value locked (50 $US) — a mcap/TVL ratio of 1236.73 suggests the market is pricing in more growth than current deposits support.

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

Vertex Perps 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 Vertex Perps'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%