Logo of DecibelDecibel
Total Value Locked$29.72m

TVL by Chain

Aptos$29.72m

Key Metrics

Fees (Annualized)$4.98m
Fees 30d$504,797

Aptos$504,797

Fees 7d$99,722

Aptos$99,722

Fees 24h$7,312

Aptos$7,312

Cumulative Fees$2.52m

Aptos$2.52m

Revenue (Annualized)$4.98m
Revenue 30d$504,797

Aptos$504,797

Revenue 7d$99,722

Aptos$99,722

Revenue 24h$7,312

Aptos$7,312

Cumulative Revenue$2.52m

Aptos$2.52m

Perp Volume 30d$1.101b
Perp Volume 30d by chain

Aptos$1.101b

Perp Volume 7d$251.15m

Aptos$251.15m

Perp Volume 24h$20.37m

Aptos$20.37m

Cumulative Perp Volume$6.321b

Aptos$6.321b

$3.99m

Protocol Information

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

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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 ($19,157.68)Thetis Perps ($1,284.76)Mirage Protocol ($591.31)AGDEX ($59.23)Merkle TradeJupiter Perpetual Exchange ($771.29m)GMX V2 Perps ($204.77m)Hyperliquid HLP ($187.68m)Derive V2 ($162.32m)Extended Perps ($119.44m)

Frequently Asked Questions

What is Decibel's TVL?

Decibel currently has $29.72m in total value locked. TVL has decreased 0.7% 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 $504,797 in fees. Of that, $504,797 was protocol revenue. Based on the trailing year, the annualized rate is $4.98m in fees and $4.98m in revenue.

How does Decibel's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Decibel ranks #12 by TVL. The category holds $2.066b across 418 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, Hyperliquid HLP, Derive V2, and Extended Perps.

How much perpetual futures volume does Decibel process?

Decibel processed $1.101b in perpetual futures volume over the past 30 days.