Ask about Demex · freeTotal Value Locked$184,651
TVL by Chain
Carbon$184,651
Key Metrics
DEX Volume 30d$44
DEX Volume 30d by chain
Carbon$44
DEX Volume 7d$0
Carbon$0
Cumulative DEX Volume$156.59m
Carbon$156.59m
Perp Volume 30d$732
Perp Volume 30d by chain
Carbon$732
Perp Volume 7d$0
Carbon$0
Cumulative Perp Volume$1.662b
Carbon$1.662b
Protocol Information
The first fully decentralized DEX that supports any type of financial market.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Hacks
Date: Sep 25, 2026
Protocol: Demex Perp
Amount: $191,929
Classification: Bridge & Cross-Chain
Technique: Cross-Chain Message Spoofing
Chains: Demex, Ethereum, BSC
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Competitors
Demex history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 21, 2022 to Oct 5, 2026.
All-time high TVL: $2.3m on Feb 9, 2023. All-time low TVL: $176,134 on Sep 30, 2026.
Daily TVL, Sep 6, 2026 to Oct 5, 2026
| Date | TVL |
|---|---|
| Sep 6, 2026 | $198,782 |
| Sep 7, 2026 | $198,782 |
| Sep 8, 2026 | $198,782 |
| Sep 9, 2026 | $198,782 |
| Sep 10, 2026 | $198,782 |
| Sep 11, 2026 | $198,782 |
| Sep 12, 2026 | $198,782 |
| Sep 13, 2026 | $198,782 |
| Sep 14, 2026 | $184,525 |
| Sep 15, 2026 | $184,576 |
| Sep 16, 2026 | $184,595 |
| Sep 17, 2026 | $184,861 |
| Sep 18, 2026 | $184,798 |
| Sep 19, 2026 | $185,244 |
| Sep 20, 2026 | $185,011 |
| Sep 21, 2026 | $185,454 |
| Sep 22, 2026 | $185,386 |
| Sep 23, 2026 | $185,321 |
| Sep 24, 2026 | $184,995 |
| Sep 25, 2026 | $185,514 |
| Sep 26, 2026 | $185,413 |
| Sep 27, 2026 | $185,398 |
| Sep 28, 2026 | $185,023 |
| Sep 29, 2026 | $184,543 |
| Sep 30, 2026 | $176,134 |
| Oct 1, 2026 | $184,622 |
| Oct 2, 2026 | $184,746 |
| Oct 3, 2026 | $184,464 |
| Oct 4, 2026 | $184,387 |
| Oct 5, 2026 | $184,651 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.22m |
| Dec 31, 2024 | $774,096 |
| Jan 31, 2025 | $884,156 |
| Feb 28, 2025 | $927,738 |
| Mar 31, 2025 | $874,723 |
| Apr 30, 2025 | $875,992 |
| May 31, 2025 | $734,388 |
| Jun 30, 2025 | $615,641 |
| Jul 31, 2025 | $622,566 |
| Aug 31, 2025 | $619,843 |
| Sep 30, 2025 | $617,853 |
| Oct 31, 2025 | $609,317 |
| Nov 30, 2025 | $591,805 |
| Dec 31, 2025 | $576,902 |
| Jan 31, 2026 | $559,989 |
| Feb 28, 2026 | $552,368 |
| Mar 31, 2026 | $458,012 |
| Apr 30, 2026 | $361,178 |
| May 31, 2026 | $277,158 |
| Jun 30, 2026 | $266,588 |
| Jul 31, 2026 | $198,782 |
| Aug 31, 2026 | $198,782 |
| Sep 30, 2026 | $176,134 |
| Oct 5, 2026 (latest) | $184,651 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $1.8m |
| Dec 31, 2023 | $1.39m |
| Dec 31, 2024 | $774,096 |
| Dec 31, 2025 | $576,902 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/demex
Frequently asked questions
What is Demex's TVL?
As of Oct 5, 2026, Demex has $184,651 in total value locked. TVL has decreased 7.1% over the past 30 days.
How does Demex's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Demex ranks #426 by TVL. The category holds $1.986b across 426 protocols, and Demex accounts for 0% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, dYdX V4, Arcus Perps, AZverse Perps, and Papertrade.
How much trading volume does Demex process?
Demex processed $44 in DEX volume over the past 30 days.
Has Demex ever been exploited?
Demex has 1 recorded security incident. The most recent incident occurred on Sep 25, 2026 and involved $191,929. It was classified as Bridge & Cross-Chain.