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Grappa Finance

Total Value Locked$0.45

TVL by Chain

Ethereum$0.45

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Protocol Information

Grappa is an open sourced, permissionless option margin layer focuses on composability and capital efficiency. Different margin engines can be plugged into Grappa to provide wide range of choice based on users' risk tolerance and capital efficiency.

Category:Options Vault

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Grappa Finance history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 17, 2023 to Oct 24, 2026.

All-time high TVL: $105,744 on Jun 5, 2023. All-time low TVL: $3 on May 6, 2023.

Daily TVL, Sep 25, 2026 to Oct 24, 2026

DateTVL
Sep 25, 2026$0
Sep 26, 2026$0
Sep 27, 2026$0
Sep 28, 2026$0
Sep 29, 2026$0
Sep 30, 2026$0
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

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$26,159
Dec 31, 2024$10,389
Jan 31, 2025$9,736
Feb 28, 2025$9,785
Mar 31, 2025$9,763
Apr 30, 2025$9,778
May 31, 2025$9,806
Jun 30, 2025$9,824
Jul 31, 2025$9,858
Aug 31, 2025$9,877
Sep 30, 2025$9,891
Oct 31, 2025$9,932
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 24, 2026 (latest)$0

TVL at each year end, Dec 31, 2023 to Dec 31, 2025

DateTVL
Dec 31, 2023$1,801
Dec 31, 2024$10,389
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/grappa-finance

Frequently asked questions

What is Grappa Finance's TVL?

As of Oct 24, 2026, Grappa Finance has $0.45 in total value locked.

What chains does Grappa Finance operate on?

Grappa Finance operates on Ethereum. Ethereum holds the largest share at 100%.

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

Among Options Vault protocols tracked by DefiLlama, Grappa Finance ranks #17 by TVL. The category holds $46.55m across 19 protocols, and Grappa Finance accounts for <0.1% of that total. Similar protocols include Rysk V12, Ribbon, 3Jane Options, Olive, Katana, Typus DOV, HedgeHood Stock Yield, Spin DOV, Bonsai Strike, and AlgoRai Finance.