Equation V3(EQU)
Total Value Locked$0
TVL by Chain
Arbitrum$0
Key Metrics
Cumulative Fees$27,998
Cumulative Fees by chain
Arbitrum$27,998
Cumulative DEX Volume$1.331b
Cumulative DEX Volume by chain
Arbitrum$1.331b
Protocol Information
Equation V3 is the first zero trading fee Perpetual DEX built on Arbitrum, audited by third-party auditor http://ABDK.As one of the DeFi protocols advocating for Fair Launch, Equation is showing the world in action how the power of community-driven innovation can shape the future of decentralized finance. It prioritizes security and transparency and aims to provide traders with a reliable and secure environment for trading perpetual contracts.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees from open/close position and placed limit order (0.05%), with invitation code (0.045%)View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Equation V3 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 13, 2024 to Oct 30, 2026.
All-time high TVL: $1.44m on May 31, 2024. All-time low TVL: $25,859 on Apr 9, 2025.
Daily TVL, Oct 1, 2026 to Oct 30, 2026
| Date | TVL |
|---|---|
| Oct 1, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 3, 2026 | $0 |
| Oct 4, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 10, 2026 | $0 |
| Oct 11, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 17, 2026 | $0 |
| Oct 18, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 20, 2026 | $0 |
| Oct 21, 2026 | $0 |
| Oct 22, 2026 | $0 |
| Oct 23, 2026 | $0 |
| Oct 24, 2026 | $0 |
| Oct 25, 2026 | $0 |
| Oct 26, 2026 | $0 |
| Oct 27, 2026 | $0 |
| Oct 28, 2026 | $0 |
| Oct 29, 2026 | $0 |
| Oct 30, 2026 | $0 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $51,513 |
| Dec 31, 2024 | $27,982 |
| Jan 31, 2025 | $28,193 |
| Feb 28, 2025 | $26,699 |
| Mar 31, 2025 | $25,880 |
| Apr 30, 2025 | $25,880 |
| May 31, 2025 | $25,880 |
| Jun 30, 2025 | $0 |
| Jul 31, 2025 | $0 |
| Aug 31, 2025 | $0 |
| Sep 30, 2025 | $0 |
| Oct 31, 2025 | $0 |
| Nov 30, 2025 | $0 |
| Dec 31, 2025 | $0 |
| Jan 31, 2026 | $0 |
| Feb 28, 2026 | $0 |
| Mar 31, 2026 | $0 |
| Apr 30, 2026 | $0 |
| May 31, 2026 | $0 |
| Jun 30, 2026 | $0 |
| Jul 31, 2026 | $0 |
| Aug 31, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 30, 2026 (latest) | $0 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $27,982 |
| Dec 31, 2025 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/equation-v3
Frequently asked questions
What is Equation V3's TVL?
As of Oct 30, 2026, Equation V3 has $0 in total value locked.
What chains does Equation V3 operate on?
Equation V3 operates on Arbitrum.
How does Equation V3's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Equation V3 ranks #333 by TVL. The category holds $1.908b across 428 protocols, and Equation V3 accounts for 0% of that total. Similar protocols include GMX EVM, AZverse Perps, Apex Omni, Aevo Perps, Contango V2, MUX Perps, Antarctic, Gains Network, Ostium, and Evedex.