Logo of Covo V2Covo V2(COVO)

Total Value Locked$520.05

TVL by Chain

Polygon$520.05

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

A Decentralized Crypto Trading Platform with up to 50X Leverage.

X/Twitter
Category:Derivatives

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees collected from open/close position, liquidations, and borrow feeView code on GitHubRevenue: Revenue is 40% of all collected fees, which goes to COVO stakersView code on GitHubHolders Revenue: 40% of all collected fees goes to COVO stakersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Contango V2 ($13.17m)Gains Network ($8.96m)ApeX Pro ($1.43m)MUFEX ($276,638)HMX ($270,746)Jarvis Network ($254,472)Vest Markets ($238,326)Lynx ($156,373)Float ($143,421)SynFutures V1 ($113,189)

Frequently Asked Questions

What is Covo V2's TVL?

Covo V2 currently has $520.05 in total value locked. TVL has increased 4.4% over the past 30 days.

What chains does Covo V2 operate on?

Covo V2 operates on Polygon. Polygon holds the largest share at 100%.

How does Covo V2's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Covo V2 ranks #219 by TVL. The category holds $2.21b across 419 protocols, and Covo V2 accounts for <0.1% of that total. Other leading protocols include Contango V2, Gains Network, ApeX Pro, MUFEX, HMX, Jarvis Network, Vest Markets, Lynx, Float, and SynFutures V1.