Total Value Locked$1,807.88
TVL by Chain
Neutron$1,807.88
Key Metrics
Fees (Annualized)$98,847.76
Cumulative Fees$265,386
Neutron$265,386
Revenue (Annualized)$24,712.42
Cumulative Revenue$66,341
Neutron$66,341
Cumulative Perp Volume$64.87m
Cumulative Perp Volume by chain
Neutron$64.87m
$MARS Liquidity$367,364
Astroport$367,364
Protocol Information
Mars is a multichain credit protocol enabling borrowing and lending primitives in the Cosmos. With Mars v2, the protocol introduced Rover credit accounts to Osmosis. Much like Binance subaccounts, credit accounts act as transferrable NFT containers where users can deposit assets, and use them as collateral for borrowing, spot or margin trading, leveraged yield farming, and hedging — all with a single liquidation point
Methodology
TVL: For each chain, sum token balances by querying the total deposit amount for each asset in the chain's params contract.View code on GitHubFees: Fees are the sum of the trading fees of all perpetual trades settled on the protocol that day.View code on GitHubRevenue: Treasury and token holders revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubHacks
Date: Dec 14, 2025
Amount: $960,000
Classification: Market Manipulation
Technique: Funding Rate Arbitrage
Chains: Neutron
Language: Rust
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Mars Perps' TVL?
Mars Perps currently has $1,807.88 in total value locked. TVL has increased <0.1% over the past 30 days.
What chains does Mars Perps operate on?
Mars Perps operates on Neutron. Neutron holds the largest share at 100%.
How does Mars Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Mars Perps ranks #197 by TVL. The category holds $2.057b across 419 protocols, and Mars Perps accounts for <0.1% of that total. Other leading protocols include Margined Protocol, Levana Perps, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, Extended Perps, dYdX V4, AZverse Perps, and Lighter Robinhood Perps.
Has Mars Perps ever been exploited?
Mars Perps has 1 recorded security incident. The most recent incident occurred on Dec 14, 2025 and involved $960,000. It was classified as Market Manipulation.
