InformationTVLFees and RevenuePerp Volume

Contango V2 (TANGO)

Total Value Locked$36.84m

TVL by Chain

Ethereum$23.74m

Base$4.7m

Arbitrum$4.29m

OP Mainnet$3.16m

Gnosis$430,500

Avalanche$351,453

Polygon$77,644

Linea$65,617

BSC$25,282

Scroll$5,516

Key Metrics

Fees (Annualized)$677,149

Fees 30d$55,504

Fees 24h$1,050

Cumulative Fees$972,712

Revenue (Annualized)$677,149

Revenue 30d$55,504

Revenue 24h$1,058

Cumulative Revenue$950,520

Holders Revenue (Annualized)$677,149

Holders Revenue 30d$55,504

Holders Revenue 24h$1,243

Cumulative Holders Revenue$950,705

Perp Volume 30d$171.45m

Perp Volume 24h$6.06m

Cumulative Perp Volume$3.112b

Borrowed$284.33m

Protocol Information

Contango lets you loop anything on-chain. You can create leverage (re)staking positions, arb rates differentials, farm points, or simply go long or short like a perp at low funding

Category:Derivatives

Audits:

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Methodology

TVL: Counts the tokens locked in the positions to be used as margin + user's tokens locked in the protocol's vault. Borrowed coins are discounted from the TVL, so only the position margins are counted. The reason behind this is that the protocol only added the user's margin to the underlying money market. Adding the borrowed coins to the TVL can be used as a proxy for the protocol's open interest.View code on GitHubFees: Fees paid by usersView code on GitHubRevenue: Treasury and token holders revenueView code on GitHubHolders Revenue: Fees going to governance token holdersView code on GitHubPerp Volume: Notional volume of all trades in the protocol, includes leverageView code on GitHub

Competitors

RubyDex ($24.14)Orderly Perps ($26.19m)Satori Perp ($2.42m)Vest Exchange ($2.06m)ApeX Pro ($1.6m)GMX V2 Perps ($384.07m)Lighter V2 ($185.14m)edgeX ($86.49m)Derive V2 ($75m)Synthetix V3 ($74.4m)

Income Statement for Contango V2

Q3 2025Q2 2025Q1 2025Q4 2024
Fees$10,168$237,045$426,154$299,538
Revenue$10,168$237,045$403,954$299,538
Earnings$10,168$237,045$403,954$299,538