Ask about Ithaca Protocol · freeTotal Value Locked$13,941
TVL by Chain
Arbitrum$13,941
Key Metrics
Options Premium Volume 30d$6,907
Options Premium Volume 7d$6,898
Options Premium Volume 24h$0
Cumulative Options Premium Volume$49.82m
Market Cap$410,143
$ITHACA Price$0.00062
Fully Diluted Valuation$553,537
$ITHACA Volume 24h$8,109
CEX Volume$7,224
DEX Volume$698.68(8.62% of total)
Total Raised$2.5m
Jan 31, 2024$2.5mRound: Pre-SeedInvestors: Cumberland, Wintermute, Room40 Ventures, Ghaf Capital Partners, Andrew Keys, Stan Miroshnik, Georgios Vlachos
Protocol Information
Ithaca is a Non-Custodial, Composable Option Protocol. Ithaca’s mission is to build permissionless cross-chain infrastructure enabling optimal risk sharing across time and event horizons. The protocol allows for instant deployment of ‘liquidity self-enhancing’ complete, composable option, structured product and lending markets on any underlying.
Audits:
Ithaca Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 2, 2024 to Nov 12, 2026.
All-time high TVL: $3.4m on Aug 23, 2025. All-time low TVL: $8,272 on Apr 2, 2024.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $14,992 |
| Oct 15, 2026 | $14,804 |
| Oct 16, 2026 | $14,837 |
| Oct 17, 2026 | $14,802 |
| Oct 18, 2026 | $14,774 |
| Oct 19, 2026 | $14,772 |
| Oct 20, 2026 | $14,777 |
| Oct 21, 2026 | $14,865 |
| Oct 22, 2026 | $14,857 |
| Oct 23, 2026 | $14,773 |
| Oct 24, 2026 | $14,712 |
| Oct 25, 2026 | $14,658 |
| Oct 26, 2026 | $14,582 |
| Oct 27, 2026 | $14,557 |
| Oct 28, 2026 | $14,652 |
| Oct 29, 2026 | $14,623 |
| Oct 30, 2026 | $14,333 |
| Oct 31, 2026 | $14,394 |
| Nov 1, 2026 | $14,420 |
| Nov 2, 2026 | $14,457 |
| Nov 3, 2026 | $14,406 |
| Nov 4, 2026 | $14,446 |
| Nov 5, 2026 | $14,821 |
| Nov 6, 2026 | $14,387 |
| Nov 7, 2026 | $14,396 |
| Nov 8, 2026 | $14,376 |
| Nov 9, 2026 | $14,188 |
| Nov 10, 2026 | $14,119 |
| Nov 11, 2026 | $13,958 |
| Nov 12, 2026 | $13,941 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $2.69m |
| Jan 31, 2025 | $2.56m |
| Feb 28, 2025 | $2.06m |
| Mar 31, 2025 | $1.79m |
| Apr 30, 2025 | $1.8m |
| May 31, 2025 | $2.17m |
| Jun 30, 2025 | $2.21m |
| Jul 31, 2025 | $2.88m |
| Aug 31, 2025 | $3.18m |
| Sep 30, 2025 | $3.1m |
| Oct 31, 2025 | $2.88m |
| Nov 30, 2025 | $2.47m |
| Dec 31, 2025 | $2.45m |
| Jan 31, 2026 | $2.13m |
| Feb 28, 2026 | $1.05m |
| Mar 31, 2026 | $58,217 |
| Apr 30, 2026 | $20,818 |
| May 31, 2026 | $13,768 |
| Jun 30, 2026 | $12,742 |
| Jul 31, 2026 | $13,521 |
| Aug 31, 2026 | $14,770 |
| Sep 30, 2026 | $15,379 |
| Oct 31, 2026 | $14,394 |
| Nov 12, 2026 (latest) | $13,941 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $2.69m |
| Dec 31, 2025 | $2.45m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/ithaca-protocol
Frequently asked questions
What is Ithaca Protocol's TVL?
As of Nov 12, 2026, Ithaca Protocol has $13,941 in total value locked. TVL has decreased 5.7% over the past 30 days.
What chains does Ithaca Protocol operate on?
Ithaca Protocol operates on Arbitrum. Arbitrum holds the largest share at 100%.
What is the ITHACA token price and valuation?
ITHACA is currently trading at $0.00061. Its circulating market capitalization is $405,756, ranking it #4,617. Its fully diluted valuation is $547,616. Supply currently stands at 666.86m circulating, 900m total supply, 900m maximum supply.
How has ITHACA performed recently?
ITHACA is down 17% over the past 7 days and up 15.6% over the past 30 days. Its all-time high is $0.12, reached on Jan 17, 2025. The token is currently 99.5% below that level.
How does Ithaca Protocol's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Ithaca Protocol ranks #40 by TVL. The category holds $190.29m across 76 protocols, and Ithaca Protocol accounts for <0.1% of that total. Similar protocols include Hegic, Deri V4, SOFA.org, Siren, Pods Finance, Deri Protocol, Cega V1, Thetanuts Finance, Premia V2, and Rysk V1.