Ask about Mesha

Logo of MeshaMesha

Key Metrics

Fees 30d$29.87
Fees 30d by chain

Robinhood Chain$29.87

Fees 7d$29.87

Robinhood Chain$29.87

Fees 24h$0

Robinhood Chain$0

Cumulative Fees$3,016.76

Robinhood Chain$3,016.76

Revenue 30d$29.87
Revenue 30d by chain

Robinhood Chain$29.87

Revenue 7d$29.87

Robinhood Chain$29.87

Revenue 24h$0

Robinhood Chain$0

Cumulative Revenue$3,016.76

Robinhood Chain$3,016.76

DEX Volume 30d$59
DEX Volume 30d by chain

Robinhood Chain$59

DEX Volume 7d$59

Robinhood Chain$59

DEX Volume 24h$0

Robinhood Chain$0

Cumulative DEX Volume$14,175.2

Robinhood Chain$14,175.2

Protocol Information

Mesha is an on-chain price-grid derivatives platform on Robinhood Chain. Users take short-duration positions on ETH price cells with USDG as the settlement currency, priced by mesha's own volatility engine and settled deterministically against an append-only price log.

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Category:Derivatives

Methodology

Fees: Gross gaming revenue (GGR): USDG staked into the pool minus USDG paid out of the pool on positions that settled in the money, both read from the same Transfer logs. Negative on days when payouts exceed stakes.View code on GitHubRevenue: USDG staked into the pool minus USDG paid out on winning positions.View code on GitHubDEX Volume: USDG staked into Mesha's pool, summed from ERC-20 Transfer logs on Robinhood Chain. Only relayer-submitted EIP-3009 transfers are counted (each emits AuthorizationUsed in the same transaction), which excludes plain deposits and treasury withdrawals. USDG is a 1:1 USD stablecoin, so the figure is already in USD.View code on GitHub

Competitors

Lighter Robinhood Perps ($97.26m)Arcus Perps ($24.66m)Meridian Perps ($2.29m)Arcus pTokens ($604,662.35)VS Trade ($51.91)Jupiter Perpetual Exchange ($824.35m)GMX V2 Perps ($215.91m)Derive V2 ($194.96m)Hyperliquid HLP ($186.3m)Extended Perps ($117.54m)

Frequently Asked Questions

What chains does Mesha operate on?

Mesha operates on Robinhood Chain.

How much has Mesha generated in fees and revenue?

Over the past 30 days, Mesha generated $29.87 in fees. Of that, $29.87 was protocol revenue. Based on the trailing year, the annualized rate is $17,759.96 in fees and $17,759.96 in revenue.

How does Mesha's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Mesha ranks #415 by TVL. The category holds $2.207b across 420 protocols, and Mesha accounts for 0% of that total. Other leading protocols include Lighter Robinhood Perps, Arcus Perps, Meridian Perps, Arcus pTokens, VS Trade, Jupiter Perpetual Exchange, GMX V2 Perps, Derive V2, Hyperliquid HLP, and Extended Perps.

How much trading volume does Mesha process?

Mesha processed $59 in DEX volume over the past 30 days.