Key Metrics
DEX Volume 30d$10.729b
DEX Volume 30d by chain
Off Chain$10.729b
DEX Volume 7d$2.543b
Off Chain$2.543b
DEX Volume 24h$400.28m
Off Chain$400.28m
Cumulative DEX Volume$64.772b
Off Chain$64.772b
DEX Notional Volume 30d$35.658b
DEX Notional Volume 30d by chain
Off Chain$35.658b
DEX Notional Volume 7d$8.793b
Off Chain$8.793b
DEX Notional Volume 24h$1.418b
Off Chain$1.418b
Cumulative DEX Notional Volume$186.737b
Off Chain$186.737b
$790.48m
Total Raised$2.685b
Jun 25, 2025$185mRound: Series CInvestors: Paradigm, Sequoia Capital, Multicoin Capital, Neo, Bond
Oct 10, 2025$300mRound: Series DInvestors: Sequoia Capital, a16z crypto, Paradigm, CapitalG, Coinbase Ventures
Nov 20, 2025$1bRound: Series EInvestors: Paradigm, Sequoia Capital, a16z crypto, Neo, CapitalG, Anthos Capital
Mar 19, 2026$1bRound: Investors: Coatue
May 20, 2026$200mRound: Investors: Baillie Gifford, Layer Global
Protocol Information
Kalshi is a CFTC-regulated event derivatives exchange where users trade binary contracts (yes/no) on real-world outcomes
Methodology
DEX Volume: Volume of all spot token swaps on the DEXView code on GitHubNotional Volume: Notional volume of all trades on protocolView code on GitHubCompetitors
Frequently Asked Questions
What is Kalshi?
Kalshi is a CFTC-regulated event derivatives exchange where users trade binary contracts (yes/no) on real-world outcomes
What chains does Kalshi operate on?
Kalshi operates on Off Chain.
How does Kalshi's TVL compare to similar protocols?
Among Prediction Market protocols tracked by DefiLlama, Kalshi ranks #91 by TVL. The category holds $407.25m across 114 protocols, and Kalshi accounts for 0% of that total. Other leading protocols include Polymarket International, Rain, Predict Fun, PredictStreet, OPINION, Sport.fun, Gnosis Protocol v1, Augur, Azuro, and Liquidity House.
How much trading volume does Kalshi process?
Kalshi processed $10.729b in DEX volume over the past 30 days.