Ask about Kyan · freeTotal Value Locked$267,764
TVL by Chain
Arbitrum$153,304
OP Mainnet$63,927
Ethereum$32,037
BSC$13,487
Fantom$5,009
Key Metrics
Fees 30d$0
Fees 30d by chain
Off Chain$0
Cumulative Fees$417,808
Arbitrum$324,085
Fantom$36,311
OP Mainnet$30,546
Ethereum$24,105
Off Chain$2,761
Revenue 30d$0
Revenue 30d by chain
Off Chain$0
Cumulative Revenue$274,807
Arbitrum$199,293
Fantom$29,056
OP Mainnet$24,421
Ethereum$19,276
Off Chain$2,761
Cumulative Holders Revenue$234,865
Cumulative Holders Revenue by chain
Arbitrum$162,112
Fantom$29,056
OP Mainnet$24,421
Ethereum$19,276
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3,906
Earnings 30d$0
Cumulative Earnings$274,807
Perp Volume 30d$0
Perp Volume 30d by chain
Off Chain$0
Cumulative Perp Volume$2.51m
Off Chain$2.51m
Options Premium Volume 30d$0
Cumulative Options Premium Volume$10.89m
Options Notional Volume 30d$0
Cumulative Options Notional Volume$416.13m
Staked$0
Treasury$235,737
Majors$40,061
Stablecoins$187,847
Own Tokens$0
Others$7,830
Protocol Information
Kyan is an orderbook-based crypto derivatives exchange with support for Request for Quote (RFQ) orders.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Holders Revenue:
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Options Premium Volume: Sum of value paid buying and selling options on the exchange
Options Notional Volume: Sum of the notional value of all options that have been traded on the exchange
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Hacks
Date: Nov 1, 2026
Protocol: Premia V3
Amount: $437,000
Classification: Protocol Logic
Technique: Withdrawal Logic Flaw
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Kyan history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Jun 26, 2021 to Nov 10, 2026.
All-time high TVL: $25.19m on Jan 6, 2022. All-time low TVL: $20,734 on Jul 25, 2021.
Daily TVL, Oct 12, 2026 to Nov 10, 2026
| Date | TVL |
|---|---|
| Oct 12, 2026 | $799,311 |
| Oct 13, 2026 | $776,460 |
| Oct 14, 2026 | $793,268 |
| Oct 15, 2026 | $776,574 |
| Oct 16, 2026 | $782,918 |
| Oct 17, 2026 | $777,752 |
| Oct 18, 2026 | $774,053 |
| Oct 19, 2026 | $778,033 |
| Oct 20, 2026 | $776,477 |
| Oct 21, 2026 | $785,054 |
| Oct 22, 2026 | $792,739 |
| Oct 23, 2026 | $770,356 |
| Oct 24, 2026 | $765,853 |
| Oct 25, 2026 | $764,716 |
| Oct 26, 2026 | $759,372 |
| Oct 27, 2026 | $759,417 |
| Oct 28, 2026 | $763,996 |
| Oct 29, 2026 | $766,374 |
| Oct 30, 2026 | $743,523 |
| Oct 31, 2026 | $739,529 |
| Nov 1, 2026 | $742,347 |
| Nov 2, 2026 | $278,098 |
| Nov 3, 2026 | $274,899 |
| Nov 4, 2026 | $275,319 |
| Nov 5, 2026 | $284,411 |
| Nov 6, 2026 | $272,911 |
| Nov 7, 2026 | $273,350 |
| Nov 8, 2026 | $273,361 |
| Nov 9, 2026 | $268,689 |
| Nov 10, 2026 | $268,220 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $2.6m |
| Jan 31, 2025 | $2.37m |
| Feb 28, 2025 | $1.79m |
| Mar 31, 2025 | $1.63m |
| Apr 30, 2025 | $1.75m |
| May 31, 2025 | $1.77m |
| Jun 30, 2025 | $1.85m |
| Jul 31, 2025 | $1.77m |
| Aug 31, 2025 | $1.78m |
| Sep 30, 2025 | $1.74m |
| Oct 31, 2025 | $1.47m |
| Nov 30, 2025 | $1.02m |
| Dec 31, 2025 | $878,338 |
| Jan 31, 2026 | $830,990 |
| Feb 28, 2026 | $668,677 |
| Mar 31, 2026 | $678,602 |
| Apr 30, 2026 | $1.43m |
| May 31, 2026 | $1.68m |
| Jun 30, 2026 | $1.56m |
| Jul 31, 2026 | $1.35m |
| Aug 31, 2026 | $828,764 |
| Sep 30, 2026 | $811,416 |
| Oct 31, 2026 | $739,529 |
| Nov 10, 2026 (latest) | $268,220 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $23.45m |
| Dec 31, 2022 | $7.27m |
| Dec 31, 2023 | $7.62m |
| Dec 31, 2024 | $2.6m |
| Dec 31, 2025 | $878,338 |
Fees, revenue and holders revenue by UTC calendar month, Sep 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Sep 2024 | $1,750 | $875 | $702 |
| Oct 2024 | $675 | $340 | $272 |
| Nov 2024 | $0 | $0 | $0 |
| Dec 2024 | $0 | $0 | $0 |
| Jan 2025 | $0 | $0 | $0 |
| Feb 2025 | $0 | $0 | $0 |
| Mar 2025 | $0 | $0 | $0 |
| Apr 2025 | $0 | $0 | $0 |
| May 2025 | $0 | $0 | $0 |
| Jun 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Apr 2026 | $36 | $36 | — |
| May 2026 | $2,680 | $2,680 | — |
| Jun 2026 | $44.50 | $44.50 | — |
| Jul 2026 | $0 | $0 | — |
| Aug 2026 | $0 | $0 | — |
| Sep 2026 | $0 | $0 | — |
| Oct 2026 | $0 | $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/kyan
Frequently asked questions
What is Kyan's TVL?
As of Nov 10, 2026, Kyan has $267,764 in total value locked. TVL has decreased 66.2% over the past 30 days.
What chains does Kyan operate on?
Kyan operates on 6 chains: Arbitrum, OP Mainnet, Ethereum, BSC, and Fantom and 1 others. Arbitrum holds the largest share at 57.3%.
How much has Kyan generated in fees and revenue?
Over the past 30 days, Kyan generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $3,906 in fees and $3,906 in revenue.
How does Kyan's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Kyan ranks #16 by TVL. The category holds $195.43m across 76 protocols, and Kyan accounts for 0.1% of that total. Similar protocols include Thetanuts Finance, SOFA.org, Derive V1, Opium, Antimatter, Stryke SSOV, Hegic, Deri V4, Siren, and Pods Finance.
How much perpetual futures volume does Kyan process?
Kyan processed $0 in perpetual futures volume over the past 30 days.
Does Kyan have a treasury?
Kyan has a tracked treasury currently valued at $235,737. Its holdings include $187,847 in stablecoins, $40,061 in major assets, $7,830 in other assets.
Has Kyan ever been exploited?
Kyan has 1 recorded security incident. The most recent incident occurred on Nov 1, 2026 and involved $437,000. It was classified as Protocol Logic.