Cardboard Trade
Total Value Locked$1.21m
TVL by Chain
Solana$1.21m
Key Metrics
Fees 30d$85,328
Fees 30d by chain
Solana$85,328
Fees 7d$85,328
Solana$85,328
Fees 24h$54,046
Solana$54,046
Cumulative Fees$139,374
Solana$139,374
Revenue 30d$85,328
Revenue 30d by chain
Solana$85,328
Revenue 7d$85,328
Solana$85,328
Revenue 24h$54,046
Solana$54,046
Cumulative Revenue$139,374
Solana$139,374
Holders Revenue 30d$42,662
Holders Revenue 30d by chain
Solana$42,662
Holders Revenue 7d$42,662
Solana$42,662
Holders Revenue 24h$27,022
Solana$27,022
Cumulative Holders Revenue$69,684
Solana$69,684
Collateral Liquidated 30d$397,447
Collateral Liquidated 30d by chain
Solana$397,447
Collateral Liquidated 7d$397,447
Solana$397,447
Collateral Liquidated 24h$259,660
Solana$259,660
Cumulative Collateral Liquidated$657,107
Solana$657,107
Protocol Information
Leveraged trading protocol on Solana offering leverage up to 1000x.
Methodology
TVL: TVL is the USDC held by the Cardboard program: house LP funds, trader margin and balances, and fees not yet withdrawn.View code on GitHubFees: Fees charged when positions settle: a 0.5 basis point close charge on the order value plus the market fee (currently 2%) on the gain of winning trades and on the loss of losing and liquidated trades. Opening a position is free and there are no funding payments.View code on GitHubRevenue: All settlement fees, split between the protocol and CARDBOARD stakers.View code on GitHubHolders Revenue: Half of settlement fees, distributed in USDC to CARDBOARD stakers. Referral bonuses are paid from the same budget and are not separated.View code on GitHubCollateral Liquidated: USDC margin forfeited by liquidated positions, including closes that executed at or past the bust price, which are settled as liquidations: a liquidation takes the whole isolated margin of the position.View code on GitHubUser Activity
Active Addresses (24h)626
New Addresses (24h)604
Competitors
Cardboard Trade history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 17, 2026 to Oct 17, 2026.
All-time high TVL: $1.21m on Oct 17, 2026. All-time low TVL: $1.21m on Oct 17, 2026.
Daily TVL, Oct 17, 2026 to Oct 17, 2026
| Date | TVL |
|---|---|
| Oct 17, 2026 | $1.21m |
TVL at each month end, Oct 2026 to Oct 2026
| Date | TVL |
|---|---|
| Oct 17, 2026 (latest) | $1.21m |
Fees, revenue and holders revenue by UTC calendar month, Oct 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2026 (to date) | $139,374 | $139,374 | $69,684 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cardboard-trade
Frequently asked questions
What is Cardboard Trade's TVL?
As of Oct 17, 2026, Cardboard Trade has $1.21m in total value locked.
What chains does Cardboard Trade operate on?
Cardboard Trade operates on Solana. Solana holds the largest share at 100%.
How much has Cardboard Trade generated in fees and revenue?
Over the past 30 days, Cardboard Trade generated $85,328 in fees. Of that, $85,328 was protocol revenue. Based on the trailing year, the annualized rate is $31.14m in fees and $31.14m in revenue.
How does Cardboard Trade's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Cardboard Trade ranks #51 by TVL. The category holds $1.969b across 424 protocols, and Cardboard Trade accounts for 0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX Solana, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, Lavarage, Drift Trade, and Wasabi Perps.