Ask about Ithaca Protocol · freeTotal Value Locked$14,188
TVL by Chain
Arbitrum$14,188
Key Metrics
Options Premium Volume 30d$8,906
Options Premium Volume 7d$6,907
Options Premium Volume 24h$0
Cumulative Options Premium Volume$49.82m
Market Cap$467,090
$ITHACA Price$0.0007
Fully Diluted Valuation$630,393
$ITHACA Volume 24h$1,998
CEX Volume$1,949
DEX Volume$46.82(2.34% 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 Nov 9, 2026.
All-time high TVL: $3.4m on Aug 23, 2025. All-time low TVL: $8,272 on Apr 2, 2024.
Daily TVL, Oct 11, 2026 to Nov 9, 2026
| Date | TVL |
|---|---|
| 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 |
| 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 |
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 9, 2026 (latest) | $14,188 |
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 9, 2026, Ithaca Protocol has $14,188 in total value locked. TVL has decreased 5.1% 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 $467,090, ranking it #4,490. Its fully diluted valuation is $630,393. Supply currently stands at 666.86m circulating, 900m total supply, 900m maximum supply.
How has ITHACA performed recently?
ITHACA is down 0.5% over the past 7 days and up 38.1% 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 $195.4m across 74 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.