Ask about Drake Exchange · freeTotal Value Locked$175,219
TVL by Chain
Monad$175,219
Key Metrics
Fees 30d$4,455
Fees 30d by chain
Monad$4,455
Fees 7d$26.58
Monad$26.58
Fees 24h$12.80
Monad$12.80
Cumulative Fees$53,044
Monad$53,044
Revenue 30d$3,366
Revenue 30d by chain
Monad$3,366
Revenue 7d$10.60
Monad$10.60
Revenue 24h$5.12
Monad$5.12
Cumulative Revenue$37,004
Monad$37,004
Perp Volume 30d$7.87m
Perp Volume 30d by chain
Monad$7.87m
Perp Volume 7d$52,497
Monad$52,497
Perp Volume 24h$25,602
Monad$25,602
Cumulative Perp Volume$95.71m
Monad$95.71m
Open Interest$958
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 GitHubDrake Exchange history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 8, 2026 to Nov 12, 2026.
All-time high TVL: $240,104 on Sep 17, 2026. All-time low TVL: $9 on Jul 8, 2026.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| 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 |
| Nov 6, 2026 | $175,372 |
| Nov 7, 2026 | $175,412 |
| Nov 8, 2026 | $175,380 |
| Nov 9, 2026 | $175,394 |
| Nov 10, 2026 | $175,341 |
| Nov 11, 2026 | $175,307 |
| Nov 12, 2026 | $175,340 |
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 12, 2026 (latest) | $175,340 |
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) | $104.93 | $41.96 |
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 12, 2026, Drake Exchange has $175,219 in total value locked. TVL has decreased 2.6% 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 $4,455 in fees. Of that, $3,366 was protocol revenue. Based on the trailing year, the annualized rate is $158,698 in fees and $110,708 in revenue.
How does Drake Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Drake Exchange ranks #79 by TVL. The category holds $1.776b 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 $7.87m in perpetual futures volume over the past 30 days.