Ask about Drake Exchange · freeTotal Value Locked$177,755
TVL by Chain
Monad$177,755
Key Metrics
Fees 30d$33,066
Fees 30d by chain
Monad$33,066
Fees 7d$1,490
Monad$1,490
Fees 24h$105
Monad$105
Cumulative Fees$51,754
Monad$51,754
Revenue 30d$23,784
Revenue 30d by chain
Monad$23,784
Revenue 7d$1,231
Monad$1,231
Revenue 24h$86
Monad$86
Cumulative Revenue$36,097
Monad$36,097
Perp Volume 30d$59.7m
Perp Volume 30d by chain
Monad$59.7m
Perp Volume 7d$2.55m
Monad$2.55m
Perp Volume 24h$179,453
Monad$179,453
Cumulative Perp Volume$93.37m
Monad$93.37m
Open Interest$1,083
Total Raised$1m
Sep 29, 2025$1mRound: SeedInvestors: CMS
Protocol Information
Fully on-chain perpetual exchange on Monad with hybrid CLOB + AMM liquidity and isolated/cross-margin portfolios.
Methodology
TVL: Sums AUSD held in every isolated and cross margin Portfolio contract (enumerated via PortfolioFactory.getPortfolioById) plus AUSD held in the liquidity vault.View code on GitHubFees: All trading commission fees (orderbook + AMM), isolated margin add/reduce fees, and net borrowing/imbalance funding fees charged to traders.View code on GitHubRevenue: Actual trading commission transferred to the operation recipient (treasury), matched from the AUSD transfers immediately before each commission event.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Drake Exchange history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 8, 2026 to Oct 23, 2026.
All-time high TVL: $240,104 on Sep 17, 2026. All-time low TVL: $9 on Jul 8, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $208,833 |
| Sep 25, 2026 | $208,490 |
| Sep 26, 2026 | $207,284 |
| Sep 27, 2026 | $210,093 |
| Sep 28, 2026 | $209,783 |
| Sep 29, 2026 | $201,671 |
| Sep 30, 2026 | $200,028 |
| Oct 1, 2026 | $200,075 |
| Oct 2, 2026 | $197,441 |
| Oct 3, 2026 | $198,043 |
| Oct 4, 2026 | $199,056 |
| Oct 5, 2026 | $194,312 |
| Oct 6, 2026 | $194,385 |
| Oct 7, 2026 | $193,839 |
| Oct 8, 2026 | $193,662 |
| Oct 9, 2026 | $191,058 |
| Oct 10, 2026 | $192,074 |
| Oct 11, 2026 | $194,681 |
| Oct 12, 2026 | $186,818 |
| Oct 13, 2026 | $179,969 |
| Oct 14, 2026 | $179,665 |
| Oct 15, 2026 | $178,837 |
| Oct 16, 2026 | $178,445 |
| Oct 17, 2026 | $178,189 |
| Oct 18, 2026 | $177,843 |
| Oct 19, 2026 | $177,641 |
| Oct 20, 2026 | $177,130 |
| Oct 21, 2026 | $178,032 |
| Oct 22, 2026 | $177,916 |
| Oct 23, 2026 | $177,855 |
TVL at each month end, Jul 2026 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2026 | $77,680 |
| Aug 31, 2026 | $83,779 |
| Sep 30, 2026 | $200,028 |
| Oct 23, 2026 (latest) | $177,855 |
Fees and revenue by UTC calendar month, Jul 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Jul 2026 | $369.78 | $122.35 |
| Aug 2026 | $1,605 | $663.81 |
| Sep 2026 | $28,734 | $20,773 |
| Oct 2026 (to date) | $21,045 | $14,538 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/drake-exchange
Frequently asked questions
What is Drake Exchange's TVL?
As of Oct 23, 2026, Drake Exchange has $177,755 in total value locked. TVL has decreased 15.1% over the past 30 days.
What chains does Drake Exchange operate on?
Drake Exchange operates on Monad. Monad holds the largest share at 100%.
How much has Drake Exchange generated in fees and revenue?
Over the past 30 days, Drake Exchange generated $33,066 in fees. Of that, $23,784 was protocol revenue. Based on the trailing year, the annualized rate is $183,401 in fees and $127,917 in revenue.
How does Drake Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Drake Exchange ranks #86 by TVL. The category holds $1.984b across 425 protocols, and Drake Exchange accounts for <0.1% of that total. Similar protocols include Perpl, LeverUp, Monday Trade Perps, Pingu Exchange, Narwhal Finance, OBSDN, Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, and Lighter Robinhood Perps.
How much perpetual futures volume does Drake Exchange process?
Drake Exchange processed $59.7m in perpetual futures volume over the past 30 days.