Ask about Antarctic · freeTotal Value Locked$8.34m
TVL by Chain
Arbitrum$8.34m
Key Metrics
Fees 30d$3.42m
Fees 30d by chain
Off Chain$3.42m
Fees 7d$1.3m
Off Chain$1.3m
Fees 24h$216,192
Off Chain$216,192
Cumulative Fees$42.15m
Off Chain$42.15m
Revenue 30d$1.37m
Revenue 30d by chain
Off Chain$1.37m
Revenue 7d$518,426
Off Chain$518,426
Revenue 24h$86,477
Off Chain$86,477
Cumulative Revenue$6.51m
Off Chain$6.51m
Perp Volume 30d$11.685b
Perp Volume 30d by chain
Off Chain$11.685b
Perp Volume 7d$4.409b
Off Chain$4.409b
Perp Volume 24h$723.21m
Off Chain$723.21m
Cumulative Perp Volume$73.591b
Off Chain$73.591b
Open Interest$329.43m
Total Raised$7m
Sep 7, 2026$7mRound: Investors: Valisa Capital Markets, Republic Crypto, Lucidity Capital
Protocol Information
Antarctic Exchange (AX) is a high-performance decentralized perpetual futures DEX delivering CEX-grade trading with deep liquidity, low fees, and a clean, self-custodial UX.
Methodology
TVL: counts the number of AMLP and AHLP tokens in the staking contracts.View code on GitHubFees: Total trading fees collected from perpetual futures trading on Antarctic ExchangeView code on GitHubRevenue: Share of 40% total trading feesView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubAntarctic history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 20, 2025 to Nov 12, 2026.
All-time high TVL: $12.21m on Feb 26, 2026. All-time low TVL: $276,813 on Nov 20, 2025.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $8.58m |
| Oct 15, 2026 | $8.57m |
| Oct 16, 2026 | $8.78m |
| Oct 17, 2026 | $8.84m |
| Oct 18, 2026 | $8.88m |
| Oct 19, 2026 | $8.76m |
| Oct 20, 2026 | $8.64m |
| Oct 21, 2026 | $8.76m |
| Oct 22, 2026 | $8.76m |
| Oct 23, 2026 | $8.85m |
| Oct 24, 2026 | $8.61m |
| Oct 25, 2026 | $8.34m |
| Oct 26, 2026 | $8.3m |
| Oct 27, 2026 | $8.55m |
| Oct 28, 2026 | $8.56m |
| Oct 29, 2026 | $8.53m |
| Oct 30, 2026 | $8.63m |
| Oct 31, 2026 | $8.54m |
| Nov 1, 2026 | $8.66m |
| Nov 2, 2026 | $8.65m |
| Nov 3, 2026 | $8.64m |
| Nov 4, 2026 | $8.95m |
| Nov 5, 2026 | $8.66m |
| Nov 6, 2026 | $8.79m |
| Nov 7, 2026 | $8.68m |
| Nov 8, 2026 | $8.57m |
| Nov 9, 2026 | $8.35m |
| Nov 10, 2026 | $8.36m |
| Nov 11, 2026 | $8.47m |
| Nov 12, 2026 | $8.42m |
TVL at each month end, Nov 2025 to Nov 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $277,063 |
| Dec 31, 2025 | $1.16m |
| Jan 31, 2026 | $4.12m |
| Feb 28, 2026 | $11.94m |
| Mar 31, 2026 | $9.28m |
| Apr 30, 2026 | $10.6m |
| May 31, 2026 | $9.56m |
| Jun 30, 2026 | $9.88m |
| Jul 31, 2026 | $9.69m |
| Aug 31, 2026 | $9.14m |
| Sep 30, 2026 | $8.23m |
| Oct 31, 2026 | $8.54m |
| Nov 12, 2026 (latest) | $8.42m |
Fees and revenue by UTC calendar month, May 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2025 | $1.65m | — |
| Jun 2025 | $1.95m | — |
| Jul 2025 | $2.98m | — |
| Aug 2025 | $3.65m | — |
| Sep 2025 | $2.6m | — |
| Oct 2025 | $3.26m | — |
| Nov 2025 | $3.8m | — |
| Dec 2025 | $1.84m | — |
| Jan 2026 | $2.03m | — |
| Feb 2026 | $2.06m | — |
| Mar 2026 | $1.93m | $748,314 |
| Apr 2026 | $1.45m | $578,660 |
| May 2026 | $1.32m | $526,146 |
| Jun 2026 | $1.71m | $682,922 |
| Jul 2026 | $1.39m | $556,253 |
| Aug 2026 | $1.51m | $602,893 |
| Sep 2026 | $2.73m | $1.09m |
| Oct 2026 | $2.61m | $1.04m |
| Nov 2026 (to date) | $1.69m | $677,498 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/antarctic
Frequently asked questions
What is Antarctic's TVL?
As of Nov 12, 2026, Antarctic has $8.34m in total value locked. TVL has decreased 3.6% over the past 30 days.
What chains does Antarctic operate on?
Antarctic operates on 2 chains: Arbitrum and Off Chain. Arbitrum holds the largest share at 100%.
How much has Antarctic generated in fees and revenue?
Over the past 30 days, Antarctic generated $3.42m in fees. Of that, $1.37m was protocol revenue. Based on the trailing year, the annualized rate is $25.43m in fees and $9.58m in revenue.
How does Antarctic's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Antarctic ranks #20 by TVL. The category holds $1.776b across 425 protocols, and Antarctic accounts for 0.5% of that total. Similar protocols include GMX EVM, AZverse Perps, Apex Omni, Aevo Perps, MUX Perps, Gains Network, Contango V2, Evedex, AlphaX, and GMX V1 EVM.
How much perpetual futures volume does Antarctic process?
Antarctic processed $11.685b in perpetual futures volume over the past 30 days.