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NEX

Total Value Locked$125.44

TVL by Chain

OP Mainnet$125.34

Aurora$0.097

Protocol Information

NEX aims to maximize the synergy of combining the advantages of DEX with CEXs’ seamless user experience. Supporting zero price-impact trades and minimal slippage with the use of oracle price feeds, NEX optimizes trading and swaps processes for any trader. NEX’s unique multi-asset liquidity pool empowers investors to hedge their portfolios and earn additional APR.

Category:Derivatives

Audits:

NEX history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 18, 2022 to Nov 12, 2026.

All-time high TVL: $498,409 on Oct 6, 2022. All-time low TVL: $104 on Apr 9, 2025.

Daily TVL, Oct 14, 2026 to Nov 12, 2026

DateTVL
Oct 14, 2026$158
Oct 15, 2026$151
Oct 16, 2026$155
Oct 17, 2026$154
Oct 18, 2026$153
Oct 19, 2026$153
Oct 20, 2026$153
Oct 21, 2026$155
Oct 22, 2026$155
Oct 23, 2026$153
Oct 24, 2026$152
Oct 25, 2026$151
Oct 26, 2026$149
Oct 27, 2026$148
Oct 28, 2026$150
Oct 29, 2026$150
Oct 30, 2026$140
Oct 31, 2026$142
Nov 1, 2026$138
Nov 2, 2026$138
Nov 3, 2026$137
Nov 4, 2026$138
Nov 5, 2026$146
Nov 6, 2026$137
Nov 7, 2026$137
Nov 8, 2026$136
Nov 9, 2026$131
Nov 10, 2026$131
Nov 11, 2026$127
Nov 12, 2026$127

TVL at each month end, Dec 2024 to Nov 2026

DateTVL
Dec 31, 2024$203
Jan 31, 2025$199
Feb 28, 2025$148
Mar 31, 2025$122
Apr 30, 2025$122
May 31, 2025$160
Jun 30, 2025$159
Jul 31, 2025$230
Aug 31, 2025$260
Sep 30, 2025$249
Oct 31, 2025$227
Nov 30, 2025$184
Dec 31, 2025$183
Jan 31, 2026$169
Feb 28, 2026$127
Mar 31, 2026$134
Apr 30, 2026$146
May 31, 2026$133
Jun 30, 2026$110
Jul 31, 2026$126
Aug 31, 2026$154
Sep 30, 2026$167
Oct 31, 2026$142
Nov 12, 2026 (latest)$127

TVL at each year end, Dec 31, 2022 to Dec 31, 2025

DateTVL
Dec 31, 2022$330,504
Dec 31, 2023$146
Dec 31, 2024$203
Dec 31, 2025$183

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/nex

Frequently asked questions

What is NEX's TVL?

As of Nov 12, 2026, NEX has $125.44 in total value locked. TVL has decreased 18.5% over the past 30 days.

What chains does NEX operate on?

NEX operates on 2 chains: OP Mainnet and Aurora. OP Mainnet holds the largest share at 99.9%.

How does NEX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, NEX ranks #232 by TVL. The category holds $1.77b across 425 protocols, and NEX accounts for <0.1% of that total. Similar protocols include Aevo Perps, MUX Perps, Contango V2, ApeX Pro, Perpetual Protocol, Pika, Derive V2, Lynx, Vest Markets, and Pika V4.