Logo of Covo V2Covo V2(COVO)
Total Value Locked$501.12

TVL by Chain

Polygon$501.12

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.

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

Gains Network ($10.58m)Contango V2 ($6.16m)ApeX Pro ($1.43m)Vest Markets ($484,106.94)MUFEX ($276,612.11)HMX ($265,145.08)Jarvis Network ($261,168.11)Domination Finance ($237,715.21)Lynx ($192,622.25)Float ($143,401.07)

Frequently Asked Questions

What is Covo V2's TVL?

Covo V2 currently has $501.12 in total value locked. TVL has increased 7.1% 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 #225 by TVL. The category holds $2.056b across 424 protocols, and Covo V2 accounts for <0.1% of that total. Other leading protocols include Gains Network, Contango V2, ApeX Pro, Vest Markets, MUFEX, HMX, Jarvis Network, Domination Finance, Lynx, and Float.