Ask about Decibel
Logo of DecibelDecibel
Total Value Locked$29.57m

TVL by Chain

Aptos$29.57m

Key Metrics

Fees (Annualized)$4.72m
Fees 30d$335,113

Aptos$335,113

Fees 7d$73,419

Aptos$73,419

Fees 24h$8,341

Aptos$8,341

Cumulative Fees$2.04m

Aptos$2.04m

Revenue (Annualized)$4.72m
Revenue 30d$335,113

Aptos$335,113

Revenue 7d$73,419

Aptos$73,419

Revenue 24h$8,341

Aptos$8,341

Cumulative Revenue$2.04m

Aptos$2.04m

Perp Volume 30d$913.54m
Perp Volume 30d by chain

Aptos$913.54m

Perp Volume 7d$191.49m

Aptos$191.49m

Perp Volume 24h$23.36m

Aptos$23.36m

Cumulative Perp Volume$5.291b

Aptos$5.291b

$4.01m

Protocol Information

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

Category:Derivatives

WebsiteTwitter

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 ($15,395.42)Thetis Perps ($1,290.57)Mirage Protocol ($626.16)AGDEX ($63.06)Merkle Trade

Frequently Asked Questions

What is Decibel?

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

What is Decibel's TVL?

Decibel currently has $29.57m in total value locked. TVL has decreased 2.4% 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 $335,113 in fees. Of that, $335,113 was protocol revenue. Based on the trailing year, the annualized rate is $4.72m in fees and $4.72m in revenue.

How does Decibel's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Decibel ranks #9 by TVL. The category holds $1.89b across 369 protocols, and Decibel accounts for 1.6% of that total. Other leading protocols include Jupiter, Hyperliquid, and GMX.

How much perpetual futures volume does Decibel process?

Decibel processed $913.54m in perpetual futures volume over the past 30 days.