Narwhal Finance

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

由 DeFiLlama 社区标记的重要事件——协议上线、安全攻击、治理变更和激励计划。

1. Jul 20, 2023
   上线 DeFiLlama
2. Jul 11, 2023
   Launch on Arbitrum & BSC

Narwhal Finance 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 3 chains, including Arbitrum, Monad, Binance. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2023.

Narwhal Finance operates on 3 networks (Arbitrum, Monad, Binance), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Arbitrum, Monad, Binance), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

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

Narwhal Finance 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 Narwhal Finance'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%