Ask about Ithaca Protocol · freeTotal Value Locked$14,735
TVL by Chain
Arbitrum$14,735
Key Metrics
Options Premium Volume 30d$1,999
Options Premium Volume 7d$0
Options Premium Volume 24h$0
Cumulative Options Premium Volume$49.82m
Market Cap$479,025
$ITHACA Price$0.00072
Fully Diluted Valuation$646,499
$ITHACA Volume 24h$10,978
CEX Volume$11,653
DEX Volume$1,340(12.2% 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:
Methodology
TVL: counts the number of WETH and USDC in Ithaca Fundlock contractView code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubCompetitors
Ithaca Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 2, 2024 to Oct 20, 2026.
All-time high TVL: $3.4m on Aug 23, 2025. All-time low TVL: $8,272 on Apr 2, 2024.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $15,343 |
| Sep 22, 2026 | $15,541 |
| Sep 23, 2026 | $15,597 |
| Sep 24, 2026 | $15,411 |
| Sep 25, 2026 | $15,383 |
| Sep 26, 2026 | $15,427 |
| Sep 27, 2026 | $15,429 |
| Sep 28, 2026 | $15,317 |
| Sep 29, 2026 | $15,355 |
| Sep 30, 2026 | $15,379 |
| Oct 1, 2026 | $15,431 |
| Oct 2, 2026 | $15,474 |
| Oct 3, 2026 | $15,399 |
| Oct 4, 2026 | $15,421 |
| Oct 5, 2026 | $15,523 |
| Oct 6, 2026 | $15,478 |
| Oct 7, 2026 | $15,244 |
| Oct 8, 2026 | $15,161 |
| Oct 9, 2026 | $14,916 |
| Oct 10, 2026 | $14,958 |
| Oct 11, 2026 | $14,999 |
| Oct 12, 2026 | $15,082 |
| Oct 13, 2026 | $14,787 |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $2.83m |
| 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 20, 2026 (latest) | $14,777 |
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 Oct 20, 2026, Ithaca Protocol has $14,735 in total value locked. TVL has decreased 3.5% 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 $0.0007. Its circulating market capitalization is $464,307, ranking it #4,281. Its fully diluted valuation is $626,636. Supply currently stands at 666.86m circulating, 900m total supply, 900m maximum supply.
How has ITHACA performed recently?
ITHACA is down 24.8% over the past 7 days and up 81.3% over the past 30 days. Its all-time high is $0.12, reached on Jan 17, 2025. The token is currently 99.4% 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 $212.85m across 73 protocols, and Ithaca Protocol accounts for <0.1% of that total. Other leading protocols include Hegic, Deri V4, SOFA.org, Premia V3, Siren, Pods Finance, Deri Protocol, Cega V1, Premia V2, and Thetanuts Finance.