DerivaDEX

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

DerivaDEX's governance or utility token carries a market capitalisation of US$260.3万 based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (US$260.3万) above the protocol's on-chain TVL (US$162.7万) — a mcap/TVL multiple of 1.60× 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.

DerivaDEX 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).

DerivaDEX is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (US$260.3万) currently exceeds total value locked (US$162.7万) — a mcap/TVL ratio of 1.60 suggests the market is pricing in more growth than current deposits support.

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

DerivaDEX 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 US$22.7亿 in deposits, giving you a frame of reference for whether DerivaDEX's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL US$9.1亿 · 24h -0.27%

Hyperliquid HLP

TVL US$4.3亿 · 24h +0.11%

Drift Trade

TVL US$3.3亿 · 24h +0.22%

GMX V2 Perps

TVL US$2.7亿 · 24h -0.08%

Extended

TVL US$2亿 · 24h +0.06%

dYdX V4

TVL US$1.3亿 · 24h +0.58%