Ask about Covo Finance · freeCovo Finance(COVO)
Total Value Locked$496
TVL by Chain
Polygon$496
Key Metrics
Cumulative Fees$86,424
Cumulative Fees by chain
Polygon$86,424
Cumulative Revenue$34,570
Cumulative Revenue by chain
Polygon$34,570
Cumulative Holders Revenue$34,570
Cumulative Holders Revenue by chain
Polygon$34,570
Cumulative Perp Volume$63.48m
Cumulative Perp Volume by chain
Polygon$63.48m
Staked$0
Protocol Information
Covo Finance is a decentralized trading platform that offers spot and perpetual trading with low swap fees and zero market impact. The platform offers a maximum leverage of 50x on major cryptos and is backed by a singular multi-asset pool that generates income for liquidity providers through fees garnered from market making, swap transactions, leveraged trading (including spreads, funding fees, and liquidations), and rebalancing of assets.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Competitors
Covo Finance history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Feb 12, 2023 to Oct 27, 2026.
All-time high TVL: $335,413 on Jul 19, 2023. All-time low TVL: $356 on Oct 18, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $535 |
| Sep 29, 2026 | $528 |
| Sep 30, 2026 | $533 |
| Oct 1, 2026 | $527 |
| Oct 2, 2026 | $519 |
| Oct 3, 2026 | $519 |
| Oct 4, 2026 | $522 |
| Oct 5, 2026 | $523 |
| Oct 6, 2026 | $522 |
| Oct 7, 2026 | $513 |
| Oct 8, 2026 | $511 |
| Oct 9, 2026 | $505 |
| Oct 10, 2026 | $507 |
| Oct 11, 2026 | $511 |
| Oct 12, 2026 | $512 |
| Oct 13, 2026 | $511 |
| Oct 14, 2026 | $510 |
| Oct 15, 2026 | $501 |
| Oct 16, 2026 | $501 |
| Oct 17, 2026 | $499 |
| Oct 18, 2026 | $496 |
| Oct 19, 2026 | $495 |
| Oct 20, 2026 | $496 |
| Oct 21, 2026 | $500 |
| Oct 22, 2026 | $498 |
| Oct 23, 2026 | $492 |
| Oct 24, 2026 | $492 |
| Oct 25, 2026 | $491 |
| Oct 26, 2026 | $490 |
| Oct 27, 2026 | $493 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1,245 |
| Dec 31, 2024 | $1,047 |
| Jan 31, 2025 | $982 |
| Feb 28, 2025 | $774 |
| Mar 31, 2025 | $665 |
| Apr 30, 2025 | $713 |
| May 31, 2025 | $664 |
| Jun 30, 2025 | $635 |
| Jul 31, 2025 | $685 |
| Aug 31, 2025 | $743 |
| Sep 30, 2025 | $697 |
| Oct 31, 2025 | $636 |
| Nov 30, 2025 | $560 |
| Dec 31, 2025 | $511 |
| Jan 31, 2026 | $524 |
| Feb 28, 2026 | $519 |
| Mar 31, 2026 | $496 |
| Apr 30, 2026 | $498 |
| May 31, 2026 | $493 |
| Jun 30, 2026 | $461 |
| Jul 31, 2026 | $464 |
| Aug 31, 2026 | $500 |
| Sep 30, 2026 | $533 |
| Oct 27, 2026 (latest) | $493 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $6,522 |
| Dec 31, 2024 | $1,047 |
| Dec 31, 2025 | $511 |
Fees, revenue and holders revenue by UTC calendar month, Mar 2024 to Mar 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2024 | $0 | $0 | $0 |
| Apr 2024 | $0 | $0 | $0 |
| May 2024 | $0 | $0 | $0 |
| Jun 2024 | $0 | $0 | $0 |
| Jul 2024 | $0 | $0 | $0 |
| Aug 2024 | $0 | $0 | $0 |
| Sep 2024 | $0 | $0 | $0 |
| Oct 2024 | $0 | $0 | $0 |
| Nov 2024 | $0 | $0 | $0 |
| Dec 2024 | $0 | $0 | $0 |
| Jan 2025 | $0 | $0 | $0 |
| Feb 2025 | $0 | $0 | $0 |
| Mar 2025 | $0 | $0 | $0 |
| Apr 2025 | $0 | $0 | $0 |
| May 2025 | $0 | $0 | $0 |
| Jun 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Mar 2026 | $0 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/covo-finance
Frequently asked questions
What is Covo Finance's TVL?
As of Oct 27, 2026, Covo Finance has $496 in total value locked. TVL has decreased 7.8% over the past 30 days.
What chains does Covo Finance operate on?
Covo Finance operates on Polygon. Polygon holds the largest share at 100%.
How does Covo Finance's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Covo Finance ranks #221 by TVL. The category holds $1.971b across 425 protocols, and Covo Finance accounts for <0.1% of that total. Similar protocols include Contango V2, Gains Network, ApeX Pro, MUFEX, Vest Markets, Lynx, Float, SynFutures V1, Domination Finance, and Jarvis Network.