Ask about Drake Exchange · freeTotal Value Locked$175,339
TVL by Chain
Monad$175,339
Key Metrics
Fees 30d$7,278
Fees 30d by chain
Monad$7,278
Fees 7d$304.31
Monad$304.31
Fees 24h$7.76
Monad$7.76
Cumulative Fees$53,026
Monad$53,026
Revenue 30d$5,383
Revenue 30d by chain
Monad$5,383
Revenue 7d$151.98
Monad$151.98
Revenue 24h$3.10
Monad$3.10
Cumulative Revenue$36,996
Monad$36,996
Perp Volume 30d$12.91m
Perp Volume 30d by chain
Monad$12.91m
Perp Volume 7d$588,454
Monad$588,454
Perp Volume 24h$15,518
Monad$15,518
Cumulative Perp Volume$95.67m
Monad$95.67m
Open Interest$780
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.
Audits:
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 Nov 5, 2026.
All-time high TVL: $240,104 on Sep 17, 2026. All-time low TVL: $9 on Jul 8, 2026.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 24, 2026 | $177,697 |
| Oct 25, 2026 | $177,531 |
| Oct 26, 2026 | $177,416 |
| Oct 27, 2026 | $176,958 |
| Oct 28, 2026 | $176,803 |
| Oct 29, 2026 | $176,776 |
| Oct 30, 2026 | $176,511 |
| Oct 31, 2026 | $176,571 |
| Nov 1, 2026 | $175,586 |
| Nov 2, 2026 | $175,501 |
| Nov 3, 2026 | $175,424 |
| Nov 4, 2026 | $175,365 |
| Nov 5, 2026 | $175,461 |
TVL at each month end, Jul 2026 to Nov 2026
| Date | TVL |
|---|---|
| Jul 31, 2026 | $77,680 |
| Aug 31, 2026 | $83,779 |
| Sep 30, 2026 | $200,028 |
| Oct 31, 2026 | $176,571 |
| Nov 5, 2026 (latest) | $175,461 |
Fees and revenue by UTC calendar month, Jul 2026 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Jul 2026 | $369.78 | $122.35 |
| Aug 2026 | $1,605 | $663.81 |
| Sep 2026 | $28,734 | $20,773 |
| Oct 2026 | $22,243 | $15,408 |
| Nov 2026 (to date) | $73.31 | $29.34 |
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 Nov 5, 2026, Drake Exchange has $175,339 in total value locked. TVL has decreased 9.8% 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 $7,278 in fees. Of that, $5,383 was protocol revenue. Based on the trailing year, the annualized rate is $166,848 in fees and $116,410 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 $1.858b across 422 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 $12.91m in perpetual futures volume over the past 30 days.