Ask about Decibel

Logo of DecibelDecibel

Total Value Locked$29.31m

TVL by Chain

Aptos$29.31m

Key Metrics

Fees 30d$503,821
Fees 30d by chain

Aptos$503,821

Fees 7d$87,189

Aptos$87,189

Fees 24h$10,451

Aptos$10,451

Cumulative Fees$3.04m

Aptos$3.04m

Revenue 30d$503,821
Revenue 30d by chain

Aptos$503,821

Revenue 7d$87,189

Aptos$87,189

Revenue 24h$10,451

Aptos$10,451

Cumulative Revenue$3.04m

Aptos$3.04m

Perp Volume 30d$1.19b
Perp Volume 30d by chain

Aptos$1.19b

Perp Volume 7d$224.49m

Aptos$224.49m

Perp Volume 24h$27.45m

Aptos$27.45m

Cumulative Perp Volume$7.547b

Aptos$7.547b

$3.21m

Protocol Information

Decibel is a composable, onchain trading engine for spot, perps, and yield opportunities.

WebsiteX/Twitter
Category:Derivatives

Methodology

TVL: TVL is the total USDC collateral in the Decibel perp engine plus USDC in the predeposit vault.View code on GitHubFees: Trading fees charged on every fill. Takers always pay, between 0.034% and 0.018% depending on their 30-day volume, and makers pay between 0.011% and 0% until they reach the top volume tiers. Also includes USDC and USDCbl paid into Decibel's fee treasury from outside the exchange.View code on GitHubRevenue: Everything Decibel charges, minus any maker rebates it nets out, plus the treasury deposits.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

TsunamiX ($21,255)Thetis Perps ($1,287)Mirage Protocol ($858.71)AGDEX ($84.96)Merkle TradeJupiter Perpetual Exchange ($803.46m)GMX V2 Perps ($208.44m)Derive V2 ($187.57m)Hyperliquid HLP ($182.95m)Extended Perps ($112.16m)

Frequently Asked Questions

What is Decibel's TVL?

Decibel currently has $29.31m in total value locked. TVL has decreased 1.4% over the past 30 days.

What chains does Decibel operate on?

Decibel operates on Aptos. Aptos holds the largest share at 100%.

How much has Decibel generated in fees and revenue?

Over the past 30 days, Decibel generated $503,821 in fees. Of that, $503,821 was protocol revenue. Based on the trailing year, the annualized rate is $5.14m in fees and $5.14m in revenue.

How does Decibel's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Decibel ranks #11 by TVL. The category holds $2.156b across 421 protocols, and Decibel accounts for 1.4% of that total. Other leading protocols include TsunamiX, Thetis Perps, Mirage Protocol, AGDEX, Merkle Trade, Jupiter Perpetual Exchange, GMX V2 Perps, Derive V2, Hyperliquid HLP, and Extended Perps.

How much perpetual futures volume does Decibel process?

Decibel processed $1.19b in perpetual futures volume over the past 30 days.