Euphoria Finance

Total Value Locked$172,250

TVL by Chain

MegaETH$172,250

Key Metrics

Perp Volume 30d$1.35m

Perp Volume 30d by chain

MegaETH$1.35m

Perp Volume 7d$81,890

MegaETH$81,890

Perp Volume 24h$14,719

MegaETH$14,719

Cumulative Perp Volume$4.84m

MegaETH$4.84m

Total Raised$7.5m

Aug 7, 2025$7.5mRound: Pre-Seed & SeedInvestors: Karatage, Figment, Robot Ventures, Bankless Ventures, Hash3, First Commit, Comfy Capital, Kosmos Ventures

Protocol Information

Euphoria is a gamified derivatives trading app where users make one-tap price predictions, with CLOB-based market making under the hood and social features like points, streaks, and leaderboards.

Website X/Twitter

Category:Derivatives

Audits:

Methodology

TVL: USDM in the vault Perp Volume: Notional volume of all trades including leverage on the perp exchange

Competitors

GMX V2 Perps ($214.05m)Gains Network ($8.3m)SIR ($92,815)Jupiter Perpetual Exchange ($756.04m)Hyperliquid HLP ($180.27m)Extended Perps ($118.32m)Lighter Robinhood Perps ($112.85m)dYdX V4 ($70.87m)Papertrade ($64.15m)Arcus Perps ($55.84m)

Frequently asked questions

What is Euphoria Finance's TVL?

Euphoria Finance currently has $172,250 in total value locked. TVL has increased 7.6% over the past 30 days.

What chains does Euphoria Finance operate on?

Euphoria Finance operates on MegaETH. MegaETH holds the largest share at 100%.

How does Euphoria Finance's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Euphoria Finance ranks #90 by TVL. The category holds $2.003b across 420 protocols, and Euphoria Finance accounts for <0.1% of that total. Other leading protocols include GMX V2 Perps, Gains Network, SIR, Jupiter Perpetual Exchange, Hyperliquid HLP, Extended Perps, Lighter Robinhood Perps, dYdX V4, Papertrade, and Arcus Perps.

How much perpetual futures volume does Euphoria Finance process?

Euphoria Finance processed $1.35m in perpetual futures volume over the past 30 days.