Ask about Margin Zero · freeTotal Value Locked$26,426
TVL by Chain
Sonic$26,426
Key Metrics
Cumulative Fees$7,660
Cumulative Fees by chain
Sonic$7,660
Cumulative Revenue$7,660
Cumulative Revenue by chain
Sonic$7,660
Margin Zero history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 10, 2025 to Nov 12, 2026.
All-time high TVL: $495,104 on Mar 26, 2025. All-time low TVL: $14,111 on Jun 26, 2026.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $42,532 |
| Oct 15, 2026 | $38,821 |
| Oct 16, 2026 | $40,392 |
| Oct 17, 2026 | $39,068 |
| Oct 18, 2026 | $38,012 |
| Oct 19, 2026 | $37,221 |
| Oct 20, 2026 | $41,465 |
| Oct 21, 2026 | $40,744 |
| Oct 22, 2026 | $40,590 |
| Oct 23, 2026 | $36,940 |
| Oct 24, 2026 | $36,690 |
| Oct 25, 2026 | $34,501 |
| Oct 26, 2026 | $33,936 |
| Oct 27, 2026 | $33,891 |
| Oct 28, 2026 | $33,196 |
| Oct 29, 2026 | $33,329 |
| Oct 30, 2026 | $29,553 |
| Oct 31, 2026 | $29,778 |
| Nov 1, 2026 | $28,794 |
| Nov 2, 2026 | $28,510 |
| Nov 3, 2026 | $27,083 |
| Nov 4, 2026 | $27,519 |
| Nov 5, 2026 | $29,790 |
| Nov 6, 2026 | $27,211 |
| Nov 7, 2026 | $28,066 |
| Nov 8, 2026 | $27,241 |
| Nov 9, 2026 | $25,552 |
| Nov 10, 2026 | $26,527 |
| Nov 11, 2026 | $26,255 |
| Nov 12, 2026 | $25,933 |
TVL at each month end, Jan 2025 to Nov 2026
| Date | TVL |
|---|---|
| Jan 31, 2025 | $18,970 |
| Feb 28, 2025 | $358,794 |
| Mar 31, 2025 | $399,120 |
| Apr 30, 2025 | $390,352 |
| May 31, 2025 | $286,840 |
| Jun 30, 2025 | $241,695 |
| Jul 31, 2025 | $232,471 |
| Aug 31, 2025 | $231,035 |
| Sep 30, 2025 | $180,848 |
| Oct 31, 2025 | $105,261 |
| Nov 30, 2025 | $77,988 |
| Dec 31, 2025 | $55,338 |
| Jan 31, 2026 | $44,230 |
| Feb 28, 2026 | $28,755 |
| Mar 31, 2026 | $29,363 |
| Apr 30, 2026 | $32,682 |
| May 31, 2026 | $29,389 |
| Jun 30, 2026 | $17,728 |
| Jul 31, 2026 | $15,765 |
| Aug 31, 2026 | $20,163 |
| Sep 30, 2026 | $27,064 |
| Oct 31, 2026 | $29,778 |
| Nov 12, 2026 (latest) | $25,933 |
Fees and revenue by UTC calendar month, Feb 2025 to Feb 2026
| Month | Fees | Revenue |
|---|---|---|
| Feb 2025 | $5,491 | $5,491 |
| Mar 2025 | $1,981 | $1,981 |
| Apr 2025 | $188 | $188 |
| May 2025 | $0 | $0 |
| Jun 2025 | $0 | $0 |
| Jul 2025 | $0 | $0 |
| Aug 2025 | $0 | $0 |
| Sep 2025 | $0 | $0 |
| Oct 2025 | $0 | $0 |
| Nov 2025 | $0 | $0 |
| Dec 2025 | $0 | $0 |
| Jan 2026 | $0 | $0 |
| Feb 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/margin-zero
Frequently asked questions
What is Margin Zero's TVL?
As of Nov 12, 2026, Margin Zero has $26,426 in total value locked. TVL has decreased 37.8% over the past 30 days.
What chains does Margin Zero operate on?
Margin Zero operates on Sonic. Sonic holds the largest share at 100%.
How does Margin Zero's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Margin Zero ranks #37 by TVL. The category holds $186.52m across 76 protocols, and Margin Zero accounts for <0.1% of that total. Similar protocols include Deri V4, Stryke CLAMM, Derive V3 Options, Hegic, Panoptic V2, SOFA.org, Ribbon Earn, Hypercall, Opyn Gamma, and Hypersurface.