Protocol Information
Meridian Trade is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations), and asset rebalancing.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Meridian Trade history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 15, 2023 to Oct 26, 2026.
All-time high TVL: $57,992 on Sep 6, 2023. All-time low TVL: $169 on Jun 29, 2026.
Daily TVL, Sep 10, 2026 to Oct 26, 2026
| Date | TVL |
|---|---|
| Sep 10, 2026 | $250 |
| Sep 11, 2026 | $249 |
| Sep 12, 2026 | $255 |
| Sep 13, 2026 | $257 |
| Sep 14, 2026 | $256 |
| Sep 15, 2026 | $255 |
| Sep 16, 2026 | $244 |
| Sep 17, 2026 | $247 |
| Sep 18, 2026 | $249 |
| Sep 19, 2026 | $265 |
| Sep 20, 2026 | $266 |
| Sep 21, 2026 | $271 |
| Sep 22, 2026 | $277 |
| Sep 23, 2026 | $278 |
| Sep 24, 2026 | $271 |
| Oct 12, 2026 | $236 |
| Oct 13, 2026 | $233 |
| Oct 14, 2026 | $235 |
| Oct 15, 2026 | $227 |
| Oct 16, 2026 | $229 |
| Oct 17, 2026 | $228 |
| Oct 18, 2026 | $226 |
| Oct 19, 2026 | $226 |
| Oct 20, 2026 | $225 |
| Oct 21, 2026 | $229 |
| Oct 22, 2026 | $228 |
| Oct 23, 2026 | $225 |
| Oct 24, 2026 | $223 |
| Oct 25, 2026 | $221 |
| Oct 26, 2026 | $218 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $5,081 |
| Dec 31, 2024 | $4,752 |
| Jan 31, 2025 | $3,893 |
| Feb 28, 2025 | $451 |
| Mar 31, 2025 | $350 |
| Apr 30, 2025 | $343 |
| May 31, 2025 | $425 |
| Jun 30, 2025 | $428 |
| Jul 31, 2025 | $529 |
| Aug 31, 2025 | $613 |
| Sep 30, 2025 | $578 |
| Oct 31, 2025 | $506 |
| Nov 30, 2025 | $364 |
| Dec 31, 2025 | $343 |
| Jan 31, 2026 | $317 |
| Feb 28, 2026 | $229 |
| Mar 31, 2026 | $230 |
| Apr 30, 2026 | $256 |
| May 31, 2026 | $234 |
| Jun 30, 2026 | $170 |
| Jul 31, 2026 | $204 |
| Aug 31, 2026 | $254 |
| Sep 24, 2026 | $271 |
| Oct 26, 2026 (latest) | $218 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $6,949 |
| Dec 31, 2024 | $4,752 |
| Dec 31, 2025 | $343 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/meridian-trade
Frequently asked questions
What is Meridian Trade's TVL?
As of Oct 26, 2026, Meridian Trade has $214.12 in total value locked. TVL has decreased 21% over the past 30 days.
What chains does Meridian Trade operate on?
Meridian Trade operates on 2 chains: Base and Meter. Base holds the largest share at 100%.
How does Meridian Trade's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Meridian Trade ranks #229 by TVL. The category holds $1.973b across 425 protocols, and Meridian Trade accounts for <0.1% of that total. Similar protocols include Apex Omni, Aevo Perps, Veranta, Contango V2, Gains Network, SynFutures V3, SYMMIO, ELFi Protocol, KiloEx, and BMX Freestyle.