Mars Perps(MARS)Deprecated protocol
Key Metrics
Cumulative Fees$265,386
Cumulative Fees by chain
Neutron$265,386
Cumulative Revenue$66,341
Cumulative Revenue by chain
Neutron$66,341
Cumulative Perp Volume$64.87m
Cumulative Perp Volume by chain
Neutron$64.87m
Protocol Information
Mars is a multichain credit protocol enabling borrowing and lending primitives in the Cosmos. With Mars v2, the protocol introduced Rover credit accounts to Osmosis. Much like Binance subaccounts, credit accounts act as transferrable NFT containers where users can deposit assets, and use them as collateral for borrowing, spot or margin trading, leveraged yield farming, and hedging — all with a single liquidation point
Methodology
TVL: For each chain, sum token balances by querying the total deposit amount for each asset in the chain's params contract.View code on GitHubFees: Fees are the sum of the trading fees of all perpetual trades settled on the protocol that day.View code on GitHubRevenue: Treasury and token holders revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubHacks
Date: Dec 14, 2025
Amount: $960,000
Classification: Market Manipulation
Technique: Funding Rate Arbitrage
Chains: Neutron
Language: Rust
Target Type: DeFi Protocol
Mars Perps history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 13, 2024 to Sep 15, 2026.
All-time high TVL: $571,026 on Jun 1, 2025. All-time low TVL: $1,807 on Feb 24, 2026.
Daily TVL, Mar 12, 2026 to Sep 15, 2026
| Date | TVL |
|---|---|
| Mar 12, 2026 | $1,807 |
| Mar 13, 2026 | $1,807 |
| Mar 14, 2026 | $1,807 |
| Mar 15, 2026 | $1,807 |
| Mar 16, 2026 | $1,807 |
| Mar 17, 2026 | $1,807 |
| Mar 18, 2026 | $1,807 |
| Mar 19, 2026 | $1,807 |
| Mar 20, 2026 | $1,807 |
| Mar 21, 2026 | $1,807 |
| Mar 22, 2026 | $1,807 |
| Mar 23, 2026 | $1,808 |
| Mar 24, 2026 | $1,808 |
| Mar 25, 2026 | $1,808 |
| Mar 26, 2026 | $1,808 |
| Mar 27, 2026 | $1,807 |
| Mar 28, 2026 | $1,807 |
| Mar 29, 2026 | $1,807 |
| Mar 30, 2026 | $1,807 |
| Mar 31, 2026 | $1,807 |
| Apr 12, 2026 | $1,807 |
| Sep 7, 2026 | $0 |
| Sep 8, 2026 | $0 |
| Sep 9, 2026 | $0 |
| Sep 10, 2026 | $0 |
| Sep 11, 2026 | $0 |
| Sep 12, 2026 | $0 |
| Sep 13, 2026 | $0 |
| Sep 14, 2026 | $0 |
| Sep 15, 2026 | $0 |
TVL at each month end, Dec 2024 to Sep 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $504,260 |
| Jan 31, 2025 | $502,472 |
| Feb 28, 2025 | $505,528 |
| Mar 31, 2025 | $504,910 |
| Apr 30, 2025 | $505,591 |
| May 31, 2025 | $570,793 |
| Jun 30, 2025 | $308,483 |
| Jul 31, 2025 | $244,109 |
| Aug 31, 2025 | $241,083 |
| Sep 30, 2025 | $240,904 |
| Oct 31, 2025 | $290,831 |
| Nov 30, 2025 | $290,595 |
| Dec 31, 2025 | $11,790 |
| Jan 31, 2026 | $1,990 |
| Feb 28, 2026 | $1,807 |
| Mar 31, 2026 | $1,807 |
| Apr 12, 2026 | $1,807 |
| Sep 15, 2026 (latest) | $0 |
Fees and revenue by UTC calendar month, Dec 2024 to Mar 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2024 | $51,473 | $12,867 |
| Jan 2025 | $120,363 | $30,090 |
| Feb 2025 | $545 | $134 |
| Mar 2025 | $2,276 | $567 |
| Apr 2025 | $8,350 | $2,088 |
| May 2025 | $11,487 | $2,872 |
| Jun 2025 | $4,522 | $1,131 |
| Jul 2025 | $8,201 | $2,051 |
| Aug 2025 | $6,714 | $1,677 |
| Sep 2025 | $3,175 | $793 |
| Oct 2025 | $9,605 | $2,404 |
| Nov 2025 | $1,469 | $367 |
| Dec 2025 | $37,206 | $9,300 |
| Jan 2026 | $0 | $0 |
| Feb 2026 | $0 | $0 |
| Mar 2026 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/mars-perps
Frequently asked questions
What is Mars Perps' TVL?
As of Sep 15, 2026, Mars Perps has $0 in total value locked. TVL has decreased 100% over the past 30 days.
What chains does Mars Perps operate on?
Mars Perps operates on Neutron.
Has Mars Perps ever been exploited?
Mars Perps has 1 recorded security incident. The most recent incident occurred on Dec 14, 2025 and involved $960,000. It was classified as Market Manipulation.