Logo of Mirage ProtocolMirage Protocol
Total Value Locked$612.1

TVL by Chain

Aptos$611.77

Movement$0.33

Key Metrics

Total Raised$1.6m

May 23, 2025$1.6mRound: Investors: Robot Ventures, Selini Capital, Ambush, Echo, Native Crypto

Protocol Information

Mirage is a composable liquidity layer. Users can deposit collateral and borrow a self-repaying stablecoin loan powered by perps

Category:Derivatives

Audits:

WebsiteGitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Decibel ($29.65m)TsunamiX ($17,377.66)Thetis Perps ($1,296.24)AGDEX ($61.78)Merkle TradeJupiter Perpetual Exchange ($743.2m)GMX V2 Perps ($195.84m)Hyperliquid HLP ($189.96m)Derive V2 ($139.21m)Extended Perps ($122.08m)

Frequently Asked Questions

What is Mirage Protocol?

Mirage is a composable liquidity layer. Users can deposit collateral and borrow a self-repaying stablecoin loan powered by perps

What is Mirage Protocol's TVL?

Mirage Protocol currently has $612.1 in total value locked. TVL has decreased 6.8% over the past 30 days.

What chains does Mirage Protocol operate on?

Mirage Protocol operates on 2 chains: Movement and Aptos. Aptos holds the largest share at 99.9%.

How does Mirage Protocol's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Mirage Protocol ranks #217 by TVL. The category holds $2b across 418 protocols, and Mirage Protocol accounts for <0.1% of that total. Other leading protocols include Decibel, TsunamiX, Thetis Perps, AGDEX, Merkle Trade, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, and Extended Perps.