Level Perps(LVL)
Total Value Locked$361.52
TVL by Chain
BSC$335.31
Arbitrum$26.22
Key Metrics
Cumulative Fees$34.33m
Cumulative Fees by chain
BSC$30.97m
Arbitrum$3.36m
Cumulative Revenue$17.7m
Cumulative Revenue by chain
BSC$15.85m
Arbitrum$1.85m
Cumulative Holders Revenue$4.32m
Cumulative Holders Revenue by chain
BSC$3.65m
Arbitrum$672,108
Cumulative Perp Volume$19.103b
Cumulative Perp Volume by chain
BSC$17.76b
Arbitrum$1.342b
Protocol Information
Level Finance - Decentralized Perpetual Exchange.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All mint, burn, margin, liquidation and swap fees are collectView code on GitHubRevenue: Revenue is 55% of the total fees, which goes to Treasury and LVL/LGO stakersView code on GitHubHolders Revenue: 20% of the total fees goes to LVL/LGO stakersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubUser Activity
Active Addresses (24h)0
New Addresses (24h)0
Transactions (24h)0
Gas Used (24h)0 BNB
Gas Cost (24h)$0
Hacks
Date: May 1, 2023
Amount: $1.1m
Classification: Protocol Logic
Technique: Reward Logic Flaw
Chains: BSC
Language: Solidity
Target Type: DeFi Protocol
Competitors
Level Perps history
TVL is the default DefiLlama definition, which excludes Pool2. Daily values are UTC snapshots from Dec 10, 2022 to Oct 19, 2026.
All-time high TVL: $42.61m on Apr 28, 2023. All-time low TVL: $37 on Dec 11, 2022.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $381 |
| Sep 21, 2026 | $400 |
| Sep 22, 2026 | $399 |
| Sep 23, 2026 | $403 |
| Sep 24, 2026 | $405 |
| Sep 25, 2026 | $417 |
| Sep 26, 2026 | $419 |
| Sep 27, 2026 | $416 |
| Sep 28, 2026 | $421 |
| Sep 29, 2026 | $401 |
| Sep 30, 2026 | $400 |
| Oct 1, 2026 | $400 |
| Oct 2, 2026 | $400 |
| Oct 3, 2026 | $393 |
| Oct 4, 2026 | $394 |
| Oct 5, 2026 | $398 |
| Oct 6, 2026 | $392 |
| Oct 7, 2026 | $375 |
| Oct 8, 2026 | $369 |
| Oct 9, 2026 | $357 |
| Oct 10, 2026 | $362 |
| Oct 11, 2026 | $369 |
| Oct 12, 2026 | $378 |
| Oct 13, 2026 | $372 |
| Oct 14, 2026 | $373 |
| Oct 15, 2026 | $364 |
| Oct 16, 2026 | $361 |
| Oct 17, 2026 | $359 |
| Oct 18, 2026 | $360 |
| Oct 19, 2026 | $359 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $7.94m |
| Dec 31, 2024 | $6.2m |
| Jan 31, 2025 | $1.96m |
| Feb 28, 2025 | $1.64m |
| Mar 31, 2025 | $1.17m |
| Apr 30, 2025 | $1.11m |
| May 31, 2025 | $1.23m |
| Jun 30, 2025 | $1.22m |
| Jul 31, 2025 | $997,376 |
| Aug 31, 2025 | $1.08m |
| Sep 30, 2025 | $1.07m |
| Oct 31, 2025 | $843,848 |
| Nov 30, 2025 | $431,590 |
| Dec 31, 2025 | $318,328 |
| Jan 31, 2026 | $147,282 |
| Feb 28, 2026 | $33,170 |
| Mar 31, 2026 | $32,237 |
| Apr 30, 2026 | $33,490 |
| May 31, 2026 | $32,990 |
| Jun 30, 2026 | $13,193 |
| Jul 31, 2026 | $2,466 |
| Aug 31, 2026 | $319 |
| Sep 30, 2026 | $400 |
| Oct 19, 2026 (latest) | $359 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $1.37m |
| Dec 31, 2023 | $12.56m |
| Dec 31, 2024 | $6.2m |
| Dec 31, 2025 | $318,328 |
Fees, revenue and holders revenue by UTC calendar month, May 2023 to Apr 2025
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| May 2023 | $4.99m | $2.5m | $997,928 |
| Jun 2023 | $5.21m | $2.74m | $1.04m |
| Jul 2023 | $2.61m | $1.43m | $521,472 |
| Aug 2023 | $1.52m | $837,331 | $304,483 |
| Sep 2023 | $408,357 | $224,594 | $81,674 |
| Oct 2023 | $805,564 | $443,057 | $161,113 |
| Nov 2023 | $405,730 | $223,150 | $81,150 |
| Dec 2023 | $513,358 | $282,348 | $102,672 |
| Jan 2024 | $496,174 | $272,897 | $99,233 |
| Feb 2024 | $208,081 | $114,443 | $41,619 |
| Mar 2024 | $282,370 | $155,298 | $56,472 |
| Apr 2024 | $152,464 | $83,860 | $30,491 |
| May 2024 | $25,394 | $13,964 | $5,076 |
| Jun 2024 | $18,620 | $10,237 | $3,724 |
| Jul 2024 | $40,475 | $22,256 | $8,098 |
| Aug 2024 | $40,352 | $22,195 | $8,071 |
| Sep 2024 | $18,422 | $10,127 | $3,686 |
| Oct 2024 | $6,671 | $3,670 | $1,338 |
| Nov 2024 | $25,944 | $14,268 | $5,188 |
| Dec 2024 | $78,350 | $43,092 | $15,669 |
| Jan 2025 | $98,609 | $54,231 | $19,720 |
| Feb 2025 | $68,749 | $37,809 | $13,748 |
| Mar 2025 | $4,165 | $2,290 | $836 |
| Apr 2025 | $1,759 | $967 | $348 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/level-perps
Frequently asked questions
What is Level Perps' TVL?
As of Oct 19, 2026, Level Perps has $361.52 in total value locked. TVL has decreased 6.3% over the past 30 days.
What chains does Level Perps operate on?
Level Perps operates on 2 chains: BSC and Arbitrum. BSC holds the largest share at 92.7%.
How does Level Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Level Perps ranks #223 by TVL. The category holds $1.971b across 423 protocols, and Level Perps accounts for <0.1% of that total. Other leading protocols include AZverse Perps, Apex Omni, MUX Perps, Contango V2, AlphaX, SYMMIO, ApeX Pro, Vest Markets, MUFEX, and Lynx.
Has Level Perps ever been exploited?
Level Perps has 1 recorded security incident. The most recent incident occurred on May 1, 2023 and involved $1.1m. It was classified as Protocol Logic.