Ask about Antarctic · freeTotal Value Locked$8.67m
TVL by Chain
Arbitrum$8.67m
Key Metrics
Fees 30d$2.53m
Fees 30d by chain
Off Chain$2.53m
Fees 7d$591,889
Off Chain$591,889
Fees 24h$124,843
Off Chain$124,843
Cumulative Fees$39.66m
Off Chain$39.66m
Revenue 30d$1.01m
Revenue 30d by chain
Off Chain$1.01m
Revenue 7d$236,754
Off Chain$236,754
Revenue 24h$49,937
Off Chain$49,937
Cumulative Revenue$5.52m
Off Chain$5.52m
Perp Volume 30d$8.638b
Perp Volume 30d by chain
Off Chain$8.638b
Perp Volume 7d$2.034b
Off Chain$2.034b
Perp Volume 24h$396.93m
Off Chain$396.93m
Cumulative Perp Volume$65.094b
Off Chain$65.094b
Open Interest$332.93m
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 GitHubCompetitors
Antarctic history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 20, 2025 to Oct 23, 2026.
All-time high TVL: $12.21m on Feb 26, 2026. All-time low TVL: $276,813 on Nov 20, 2025.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $8.46m |
| Sep 25, 2026 | $8.34m |
| Sep 26, 2026 | $8.48m |
| Sep 27, 2026 | $8.42m |
| Sep 28, 2026 | $8.57m |
| Sep 29, 2026 | $8.53m |
| Sep 30, 2026 | $8.23m |
| Oct 1, 2026 | $8.59m |
| Oct 2, 2026 | $8.23m |
| Oct 3, 2026 | $8.27m |
| Oct 4, 2026 | $8.07m |
| Oct 5, 2026 | $8.01m |
| Oct 6, 2026 | $8.6m |
| Oct 7, 2026 | $8.59m |
| Oct 8, 2026 | $8.67m |
| Oct 9, 2026 | $8.61m |
| Oct 10, 2026 | $8.75m |
| Oct 11, 2026 | $8.76m |
| Oct 12, 2026 | $8.63m |
| Oct 13, 2026 | $8.65m |
| 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 |
TVL at each month end, Nov 2025 to Oct 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 23, 2026 (latest) | $8.85m |
Fees and revenue by UTC calendar month, May 2025 to Oct 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 (to date) | $1.82m | $728,429 |
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 Oct 23, 2026, Antarctic has $8.67m in total value locked. TVL has increased 2.4% 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 $2.53m in fees. Of that, $1.01m was protocol revenue. Based on the trailing year, the annualized rate is $24.75m in fees and $8.83m in revenue.
How does Antarctic's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Antarctic ranks #23 by TVL. The category holds $1.991b across 424 protocols, and Antarctic accounts for 0.4% of that total. Similar protocols include GMX EVM, AZverse Perps, Apex Omni, Aevo Perps, MUX Perps, Gains Network, Contango V2, Evedex, Ostium, and GMX V1 EVM.
How much perpetual futures volume does Antarctic process?
Antarctic processed $8.638b in perpetual futures volume over the past 30 days.