Ask about Drake Exchange
Drake Exchange
Total Value Locked$197,789
TVL by Chain
Monad$197,789
Key Metrics
Fees 30d$28,739
Fees 30d by chain
Monad$28,739
Fees 7d$12,008
Monad$12,008
Fees 24h$5,266
Monad$5,266
Cumulative Fees$35,982
Monad$35,982
Revenue 30d$19,377
Revenue 30d by chain
Monad$19,377
Revenue 7d$8,740
Monad$8,740
Revenue 24h$3,612
Monad$3,612
Cumulative Revenue$23,773
Monad$23,773
Perp Volume 30d$51.75m
Perp Volume 30d by chain
Monad$51.75m
Perp Volume 7d$21.4m
Monad$21.4m
Perp Volume 24h$9.86m
Monad$9.86m
Cumulative Perp Volume$64.94m
Monad$64.94m
$8,902
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: Share of trade commission fees routed to the Operation Vault (treasury) per the orderbook and AMM splits in effect at that block.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Frequently Asked Questions
What is Drake Exchange's TVL?
Drake Exchange currently has $197,789 in total value locked. TVL has increased 135.3% 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 $28,739 in fees. Of that, $19,377 was protocol revenue. Based on the trailing year, the annualized rate is $140,141 in fees and $91,986 in revenue.
How does Drake Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Drake Exchange ranks #85 by TVL. The category holds $2.179b across 419 protocols, and Drake Exchange accounts for <0.1% of that total. Other leading protocols include Perpl, LeverUp, Monday Trade Perps, Pingu Exchange, Narwhal Finance, OBSDN, Jupiter Perpetual Exchange, GMX V2 Perps, Derive V2, and Hyperliquid HLP.
How much perpetual futures volume does Drake Exchange process?
Drake Exchange processed $51.75m in perpetual futures volume over the past 30 days.