Ask about Nova Markets · freeTotal Value Locked$339,014
TVL by Chain
Arbitrum$277,561
Hyperliquid L1$61,453
Key Metrics
Fees 30d$7,841
Fees 30d by chain
Arbitrum$7,841
Fees 7d$2,094
Arbitrum$2,094
Fees 24h$836
Arbitrum$836
Cumulative Fees$8,053
Arbitrum$8,053
Revenue 30d$5,975
Revenue 30d by chain
Arbitrum$5,975
Revenue 7d$1,571
Arbitrum$1,571
Revenue 24h$612
Arbitrum$612
Cumulative Revenue$6,130
Arbitrum$6,130
Perp Volume 30d$26.91m
Perp Volume 30d by chain
Arbitrum$26.91m
Perp Volume 7d$5.53m
Arbitrum$5.53m
Perp Volume 24h$2.46m
Arbitrum$2.46m
Cumulative Perp Volume$27.7m
Arbitrum$27.7m
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 14, 2026.
All-time high TVL: $353,631 on Nov 13, 2026. All-time low TVL: $119,644 on Oct 16, 2026.
Daily TVL, Oct 16, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| 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 |
| Nov 14, 2026 | $348,481 |
TVL at each month end, Sep 2026 to Nov 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $221,513 |
| Oct 31, 2026 | $327,463 |
| Nov 14, 2026 (latest) | $348,481 |
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) | $4,426 | $3,275 |
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 14, 2026, Nova Markets has $339,014 in total value locked. TVL has increased 183.3% 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 81.9%.
How much has Nova Markets generated in fees and revenue?
Over the past 30 days, Nova Markets generated $7,841 in fees. Of that, $5,975 was protocol revenue. Based on the trailing year, the annualized rate is $65,315 in fees and $49,724 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 $26.91m in perpetual futures volume over the past 30 days.