Ask about Nova Markets · freeTotal Value Locked$353,415
TVL by Chain
Arbitrum$291,969
Hyperliquid L1$61,446
Key Metrics
Fees 30d$7,017
Fees 30d by chain
Arbitrum$7,017
Fees 7d$1,396
Arbitrum$1,396
Fees 24h$311
Arbitrum$311
Cumulative Fees$7,217
Arbitrum$7,217
Revenue 30d$5,371
Revenue 30d by chain
Arbitrum$5,371
Revenue 7d$1,049
Arbitrum$1,049
Revenue 24h$238
Arbitrum$238
Cumulative Revenue$5,518
Arbitrum$5,518
Perp Volume 30d$24.53m
Perp Volume 30d by chain
Arbitrum$24.53m
Perp Volume 7d$3.7m
Arbitrum$3.7m
Perp Volume 24h$584,712
Arbitrum$584,712
Cumulative Perp Volume$25.24m
Arbitrum$25.24m
Protocol Information
Nova is a perpetuals exchange for Hyperliquid where traders decide which markets list next. Nova's own markets are pool-based perps on Arbitrum, backed by the Conviction Pool, a USDC vault that earns a share of trading fees
- Nova PerpsDerivatives
- Nova NLPRisk Curators
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Nova Markets history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 24, 2026 to Nov 13, 2026.
All-time high TVL: $353,631 on Nov 13, 2026. All-time low TVL: $119,644 on Oct 16, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $119,659 |
| Oct 16, 2026 | $119,644 |
| Oct 17, 2026 | $119,686 |
| Oct 18, 2026 | $119,669 |
| Oct 19, 2026 | $119,673 |
| Oct 20, 2026 | $119,686 |
| Oct 21, 2026 | $119,662 |
| Oct 22, 2026 | $119,661 |
| Oct 23, 2026 | $327,213 |
| Oct 24, 2026 | $328,036 |
| Oct 25, 2026 | $329,176 |
| Oct 26, 2026 | $328,397 |
| Oct 27, 2026 | $328,665 |
| Oct 28, 2026 | $330,704 |
| Oct 29, 2026 | $332,725 |
| Oct 30, 2026 | $325,983 |
| Oct 31, 2026 | $327,463 |
| Nov 1, 2026 | $327,927 |
| Nov 2, 2026 | $332,594 |
| Nov 3, 2026 | $330,781 |
| Nov 4, 2026 | $290,198 |
| Nov 5, 2026 | $318,809 |
| Nov 6, 2026 | $297,630 |
| Nov 7, 2026 | $287,930 |
| Nov 8, 2026 | $288,061 |
| Nov 9, 2026 | $301,487 |
| Nov 10, 2026 | $299,844 |
| Nov 11, 2026 | $309,463 |
| Nov 12, 2026 | $308,903 |
| Nov 13, 2026 | $353,631 |
TVL at each month end, Sep 2026 to Nov 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $221,513 |
| Oct 31, 2026 | $327,463 |
| Nov 13, 2026 (latest) | $353,631 |
Fees and revenue by UTC calendar month, Sep 2026 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Sep 2026 | $6.76 | $5.71 |
| Oct 2026 | $3,985 | $3,091 |
| Nov 2026 (to date) | $4,039 | $3,022 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/nova-markets
Frequently asked questions
What is Nova Markets' TVL?
As of Nov 13, 2026, Nova Markets has $353,415 in total value locked. TVL has increased 195.3% over the past 30 days.
What chains does Nova Markets operate on?
Nova Markets operates on 2 chains: Hyperliquid L1 and Arbitrum. Arbitrum holds the largest share at 82.6%.
How much has Nova Markets generated in fees and revenue?
Over the past 30 days, Nova Markets generated $7,017 in fees. Of that, $5,371 was protocol revenue. Based on the trailing year, the annualized rate is $59,865 in fees and $45,778 in revenue.
Which protocols are included in Nova Markets?
Nova Markets is a parent protocol whose tracked products include Nova Perps and Nova NLP.
How much perpetual futures volume does Nova Markets process?
Nova Markets processed $24.53m in perpetual futures volume over the past 30 days.