Ask about Contango · freeTotal Value Locked$6.11m
TVL by Chain
Ethereum$4.02m
Arbitrum$771,038
Base$684,953
OP Mainnet$334,296
Avalanche$163,648
Gnosis$107,514
Polygon$25,463
BSC$4,671
Scroll$504
Linea$17
Key Metrics
Fees 30d$860.81
Fees 30d by chain
Ethereum$491.27
Avalanche$158.91
Arbitrum$142.43
Base$62.95
OP Mainnet$3.70
BSC$1.39
Polygon$0.46
Scroll$0.02
Gnosis$0
Linea$0
Fees 7d$221.13
Avalanche$134.52
Ethereum$80.06
OP Mainnet$3.11
Base$1.86
BSC$1.39
Arbitrum$0.03
Gnosis$0
Linea$0
Polygon$0
Scroll$0
Fees 24h$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Linea$0
OP Mainnet$0
Polygon$0
Scroll$0
Cumulative Fees$1.35m
Ethereum$865,745
Arbitrum$171,536
Base$167,274
OP Mainnet$108,065
Avalanche$15,106
Gnosis$7,228
Scroll$4,425
Polygon$4,237
Linea$2,441
BSC$1,353
Revenue 30d$860.81
Revenue 30d by chain
Ethereum$491.27
Avalanche$158.91
Arbitrum$142.43
Base$62.95
OP Mainnet$3.70
BSC$1.39
Polygon$0.46
Scroll$0.02
Gnosis$0
Linea$0
Revenue 7d$221.13
Avalanche$134.52
Ethereum$80.06
OP Mainnet$3.11
Base$1.86
BSC$1.39
Arbitrum$0.03
Gnosis$0
Linea$0
Polygon$0
Scroll$0
Revenue 24h$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Linea$0
OP Mainnet$0
Polygon$0
Scroll$0
Cumulative Revenue$1.33m
Ethereum$864,117
Base$165,075
Arbitrum$154,225
OP Mainnet$107,341
Avalanche$15,103
Gnosis$6,927
Scroll$4,424
Polygon$4,236
Linea$2,432
BSC$1,330
Holders Revenue 30d$860.81
Holders Revenue 30d by chain
Ethereum$491.27
Avalanche$158.91
Arbitrum$142.43
Base$62.95
OP Mainnet$3.70
BSC$1.39
Polygon$0.46
Scroll$0.02
Gnosis$0
Linea$0
Holders Revenue 7d$221.13
Avalanche$134.52
Ethereum$80.06
OP Mainnet$3.11
Base$1.86
BSC$1.39
Arbitrum$0.03
Gnosis$0
Linea$0
Polygon$0
Scroll$0
Holders Revenue 24h$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Linea$0
OP Mainnet$0
Polygon$0
Scroll$0
Cumulative Holders Revenue$1.33m
Ethereum$864,117
Base$165,075
Arbitrum$154,225
OP Mainnet$107,341
Avalanche$15,103
Gnosis$6,927
Scroll$4,424
Polygon$4,236
Linea$2,432
BSC$1,330
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$80,041
Earnings 30d$860.81
Earnings 7d$221.13
Earnings 24h$0
Cumulative Earnings$1.33m
Perp Volume 30d$0
Perp Volume 30d by chain
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Linea$0
OP Mainnet$0
Polygon$0
Scroll$0
Perp Volume 7d$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Linea$0
OP Mainnet$0
Polygon$0
Scroll$0
Perp Volume 24h$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Linea$0
OP Mainnet$0
Polygon$0
Scroll$0
Cumulative Perp Volume$4.494b
Ethereum$2.103b
Arbitrum$1.623b
OP Mainnet$530.62m
Base$104.91m
Gnosis$81.77m
Polygon$33.14m
Avalanche$15.32m
BSC$1.27m
Linea$449,922
Scroll$59,560
Open Interest$0
Market Cap$1.69m
$TANGO Price$0.0037
Fully Diluted Valuation$3.7m
Outstanding FDV$3.7m
$TANGO Volume 24h$7.35
CEX Volume$0
DEX Volume$7.35(100% of total)
Active Loans$92.83m
Treasury$2.78m
Majors$59,731
Stablecoins$1.18m
Own Tokens$1.54m
Others$0
Total Raised$4m
Jul 14, 2022$4mRound: SeedInvestors: ParaFi Capital, Juan Guillen, Andrew Milenius, Michael Chen, Mika, Windra, Yenwen Feng, Brainjar, Nick Avramov, Wil Barnes, dlab, Advanced Blockchain, Coinbase Ventures, The Spartan Group, AngelDAO, Cumberland DRW, GSR, Amber Group, CMS
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.
- Contango V2Derivatives
- Contango V1Derivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Contango history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Dec 20, 2022 to Nov 13, 2026.
All-time high TVL: $72.77m on Dec 17, 2024. All-time low TVL: $15,188 on Jan 1, 2023.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $10.89m |
| Oct 16, 2026 | $11.08m |
| Oct 17, 2026 | $7.65m |
| Oct 18, 2026 | $10.75m |
| Oct 19, 2026 | $10.69m |
| Oct 20, 2026 | $7.54m |
| Oct 21, 2026 | $7.74m |
| Oct 22, 2026 | $7.79m |
| Oct 23, 2026 | $7.53m |
| Oct 24, 2026 | $7.61m |
| Oct 25, 2026 | $7.5m |
| Oct 26, 2026 | $7.34m |
| Oct 27, 2026 | $7.32m |
| Oct 28, 2026 | $7.39m |
| Oct 29, 2026 | $7.44m |
| Oct 30, 2026 | $6.98m |
| Oct 31, 2026 | $9.61m |
| Nov 1, 2026 | $7.1m |
| Nov 2, 2026 | $9.87m |
| Nov 3, 2026 | $7.14m |
| Nov 4, 2026 | $16.71m |
| Nov 5, 2026 | $17.46m |
| Nov 6, 2026 | $16.17m |
| Nov 7, 2026 | $16.47m |
| Nov 8, 2026 | $7.07m |
| Nov 9, 2026 | $6.76m |
| Nov 10, 2026 | $15.49m |
| Nov 11, 2026 | $6.56m |
| Nov 12, 2026 | $14.85m |
| Nov 13, 2026 | $6.45m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $43.85m |
| Jan 31, 2025 | $56.33m |
| Feb 28, 2025 | $42.74m |
| Mar 31, 2025 | $31.65m |
| Apr 30, 2025 | $30.36m |
| May 31, 2025 | $34.27m |
| Jun 30, 2025 | $38.14m |
| Jul 31, 2025 | $40.96m |
| Aug 31, 2025 | $40m |
| Sep 30, 2025 | $36.89m |
| Oct 31, 2025 | $30.09m |
| Nov 30, 2025 | $16.86m |
| Dec 31, 2025 | $16.2m |
| Jan 31, 2026 | $16.17m |
| Feb 28, 2026 | $16.1m |
| Mar 31, 2026 | $16.11m |
| Apr 30, 2026 | $16.13m |
| May 31, 2026 | $6.77m |
| Jun 30, 2026 | $6.38m |
| Jul 31, 2026 | $6.4m |
| Aug 31, 2026 | $6.45m |
| Sep 30, 2026 | $14.17m |
| Oct 31, 2026 | $9.61m |
| Nov 13, 2026 (latest) | $6.45m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $39,763 |
| Dec 31, 2023 | $1.26m |
| Dec 31, 2024 | $43.85m |
| Dec 31, 2025 | $16.2m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $194,677 | $194,677 | $194,677 |
| Jan 2025 | $172,425 | $150,225 | $150,225 |
| Feb 2025 | $137,028 | $137,028 | $137,028 |
| Mar 2025 | $116,701 | $116,701 | $116,701 |
| Apr 2025 | $70,758 | $70,758 | $70,758 |
| May 2025 | $96,054 | $96,054 | $96,054 |
| Jun 2025 | $70,233 | $70,233 | $70,233 |
| Jul 2025 | $92,992 | $92,992 | $92,992 |
| Aug 2025 | $64,273 | $64,273 | $64,273 |
| Sep 2025 | $73,077 | $73,077 | $73,077 |
| Oct 2025 | $38,948 | $38,948 | $38,948 |
| Nov 2025 | $49,039 | $49,039 | $49,039 |
| Dec 2025 | $18,998 | $18,998 | $18,998 |
| Jan 2026 | $8,253 | $8,253 | $8,253 |
| Feb 2026 | $13,388 | $13,388 | $13,388 |
| Mar 2026 | $2,945 | $2,945 | $2,945 |
| Apr 2026 | $15,180 | $15,180 | $15,180 |
| May 2026 | $1,638 | $1,638 | $1,638 |
| Jun 2026 | $596.78 | $596.78 | $596.78 |
| Jul 2026 | $833.06 | $833.06 | $833.06 |
| Aug 2026 | $1,157 | $1,157 | $1,157 |
| Sep 2026 | $1,396 | $1,396 | $1,396 |
| Oct 2026 | $1,199 | $1,199 | $1,199 |
| Nov 2026 (to date) | $759.30 | $759.30 | $759.30 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/contango
Frequently asked questions
What is Contango's TVL?
As of Nov 13, 2026, Contango has $6.11m in total value locked. TVL has decreased 46.8% over the past 30 days.
What chains does Contango operate on?
Contango operates on 10 chains: Arbitrum, Ethereum, Base, OP Mainnet, and Avalanche and 5 others. Ethereum holds the largest share at 65.7%.
How much has Contango generated in fees and revenue?
Over the past 30 days, Contango generated $860.81 in fees. Of that, $860.81 was protocol revenue. Based on the trailing year, the annualized rate is $80,041 in fees and $80,041 in revenue.
What is the TANGO token price and valuation?
TANGO is currently trading at $0.0037. Its circulating market capitalization is $1.69m, ranking it #2,938. Its fully diluted valuation is $3.7m. Supply currently stands at 456.37m circulating, 1b total supply, 1b maximum supply.
How has TANGO performed recently?
TANGO is down 15.3% over the past 7 days and up 65.7% over the past 30 days. Its all-time high is $0.12, reached on Dec 6, 2024. The token is currently 96.9% below that level.
How does Contango's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Contango ranks #25 by TVL. The category holds $1.749b across 424 protocols, and Contango accounts for 0.3% of that total. Similar protocols include Lynx, RubyDex, ApeX Pro, Vest Markets, Jarvis Network, Satori Perp, Everstrike, LogX V2, Defx, and MetalSwap.
How much has been borrowed through Contango?
As of Nov 13, 2026, Contango has $92.83m in active loans.
Does Contango have a treasury?
Contango has a tracked treasury currently valued at $2.78m. Its holdings include $1.18m in stablecoins, $59,731 in major assets, $1.54m in its own tokens.