Total Value Locked$584,112
TVL by Chain
Base$393,955
Solana$181,295
Blast$6,046
Berachain$1,428
Ethereum$1,389
Protocol Information
Wasabi is a leverage trading protocol: Long, short, and earn on your favorite long tail assets such as memecoins and NFTs. Wasabi’s asset-backed perps keep the position value closely pegged to the underlying asset, reflecting the true price action on your PnL. It also generates additional downstream effects such as moving the spot price with leverage, listing pairs as soon as they launch, and generating low-risk yield opportunities through single sided staking
Audits:
Methodology
TVL: Counts the total value deposited in the vaults of the Wasabi protocol, including assets that have been loaned out to open long and short positions.View code on GitHubUser Activity
Active Addresses (24h)0
New Addresses (24h)0
Transactions (24h)0
Gas Used (24h)0 ETH
Gas Cost (24h)$0
Hacks
Date: Apr 30, 2026
Amount: $5.5m
Classification: Key Compromise
Technique: Deployer Key Compromised
Chains: Ethereum, Base, Berachain, Blast
Language: Solidity
Target Type: DeFi Protocol
Competitors
Wasabi Perps history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 20, 2023 to Oct 20, 2026.
All-time high TVL: $153.07m on Nov 11, 2024. All-time low TVL: $116 on Apr 20, 2023.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $669,498 |
| Sep 22, 2026 | $712,775 |
| Sep 23, 2026 | $717,943 |
| Sep 24, 2026 | $685,324 |
| Sep 25, 2026 | $696,396 |
| Sep 26, 2026 | $726,651 |
| Sep 27, 2026 | $770,976 |
| Sep 28, 2026 | $768,672 |
| Sep 29, 2026 | $744,104 |
| Sep 30, 2026 | $728,341 |
| Oct 1, 2026 | $730,947 |
| Oct 2, 2026 | $716,579 |
| Oct 3, 2026 | $683,963 |
| Oct 4, 2026 | $652,446 |
| Oct 5, 2026 | $681,588 |
| Oct 6, 2026 | $702,829 |
| Oct 7, 2026 | $684,773 |
| Oct 8, 2026 | $651,908 |
| Oct 9, 2026 | $627,453 |
| Oct 10, 2026 | $636,761 |
| Oct 11, 2026 | $630,420 |
| Oct 12, 2026 | $605,922 |
| Oct 13, 2026 | $564,436 |
| Oct 14, 2026 | $563,255 |
| Oct 15, 2026 | $546,504 |
| Oct 16, 2026 | $559,636 |
| Oct 17, 2026 | $579,126 |
| Oct 18, 2026 | $556,380 |
| Oct 19, 2026 | $568,262 |
| Oct 20, 2026 | $599,828 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $137.77m |
| Dec 31, 2024 | $78.14m |
| Jan 31, 2025 | $37.42m |
| Feb 28, 2025 | $21.7m |
| Mar 31, 2025 | $17.65m |
| Apr 30, 2025 | $14.18m |
| May 31, 2025 | $20.97m |
| Jun 30, 2025 | $14.73m |
| Jul 31, 2025 | $23.78m |
| Aug 31, 2025 | $30.78m |
| Sep 30, 2025 | $27.01m |
| Oct 31, 2025 | $23.69m |
| Nov 30, 2025 | $23.43m |
| Dec 31, 2025 | $27.13m |
| Jan 31, 2026 | $24.12m |
| Feb 28, 2026 | $16.23m |
| Mar 31, 2026 | $11.09m |
| Apr 30, 2026 | $8.54m |
| May 31, 2026 | $1.32m |
| Jun 30, 2026 | $851,438 |
| Jul 31, 2026 | $682,338 |
| Aug 31, 2026 | $702,063 |
| Sep 30, 2026 | $728,341 |
| Oct 20, 2026 (latest) | $599,828 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $708,935 |
| Dec 31, 2024 | $78.14m |
| Dec 31, 2025 | $27.13m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/wasabi-perps
Frequently asked questions
What is Wasabi Perps' TVL?
As of Oct 20, 2026, Wasabi Perps has $584,112 in total value locked. TVL has decreased 13.6% over the past 30 days.
What chains does Wasabi Perps operate on?
Wasabi Perps operates on 5 chains: Base, Solana, Blast, Berachain, and Ethereum. Base holds the largest share at 67.4%.
How does Wasabi Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Wasabi Perps ranks #63 by TVL. The category holds $1.955b across 423 protocols, and Wasabi Perps accounts for <0.1% of that total. Similar protocols include Derive V2, Defx, RabbitX, AZverse Perps, Apex Omni, Aevo Perps, Contango V2, SynFutures V3, SYMMIO, and IPOR Derivatives.
Has Wasabi Perps ever been exploited?
Wasabi Perps has 1 recorded security incident. The most recent incident occurred on Apr 30, 2026 and involved $5.5m. It was classified as Key Compromise.