Ask about Decibel

Logo of DecibelDecibel

Total Value Locked$29.4m

TVL by Chain

Aptos$29.4m

Key Metrics

Fees 30d$505,455
Fees 30d by chain

Aptos$505,455

Fees 7d$152,810

Aptos$152,810

Fees 24h$11,977

Aptos$11,977

Cumulative Fees$2.98m

Aptos$2.98m

Revenue 30d$505,455
Revenue 30d by chain

Aptos$505,455

Revenue 7d$152,810

Aptos$152,810

Revenue 24h$11,977

Aptos$11,977

Cumulative Revenue$2.98m

Aptos$2.98m

Perp Volume 30d$1.192b
Perp Volume 30d by chain

Aptos$1.192b

Perp Volume 7d$368.9m

Aptos$368.9m

Perp Volume 24h$32.01m

Aptos$32.01m

Cumulative Perp Volume$7.409b

Aptos$7.409b

$2.77m

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 ($21,457.13)Thetis Perps ($1,287.15)Mirage Protocol ($897.44)AGDEX ($89.43)Merkle TradeJupiter Perpetual Exchange ($828.39m)GMX V2 Perps ($210.38m)Derive V2 ($189.43m)Hyperliquid HLP ($182.7m)Extended Perps ($116.72m)

Frequently Asked Questions

What is Decibel's TVL?

Decibel currently has $29.4m 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 $505,455 in fees. Of that, $505,455 was protocol revenue. Based on the trailing year, the annualized rate is $5.16m in fees and $5.16m 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 $2.194b across 420 protocols, and Decibel accounts for 1.3% 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 $1.192b in perpetual futures volume over the past 30 days.