Ask about Nova Markets · freeTotal Value Locked$328,074
TVL by Chain
Arbitrum$208,420
Hyperliquid L1$119,654
Key Metrics
Fees 30d$1,096
Fees 30d by chain
Arbitrum$1,096
Fees 7d$881.83
Arbitrum$881.83
Fees 24h$436
Arbitrum$436
Cumulative Fees$1,597
Arbitrum$1,597
Revenue 30d$839.86
Revenue 30d by chain
Arbitrum$839.86
Revenue 7d$681.88
Arbitrum$681.88
Revenue 24h$353
Arbitrum$353
Cumulative Revenue$1,215
Arbitrum$1,215
Perp Volume 30d$3.98m
Perp Volume 30d by chain
Arbitrum$3.98m
Perp Volume 7d$3.19m
Arbitrum$3.19m
Perp Volume 24h$1.29m
Arbitrum$1.29m
Cumulative Perp Volume$6.12m
Arbitrum$6.12m
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 Oct 23, 2026.
All-time high TVL: $327,213 on Oct 23, 2026. All-time low TVL: $119,644 on Oct 16, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $221,494 |
| Sep 25, 2026 | $221,504 |
| Sep 26, 2026 | $221,519 |
| Sep 27, 2026 | $221,516 |
| Sep 28, 2026 | $221,505 |
| Sep 29, 2026 | $221,528 |
| Sep 30, 2026 | $221,513 |
| Oct 1, 2026 | $221,491 |
| Oct 2, 2026 | $221,521 |
| Oct 3, 2026 | $221,531 |
| Oct 4, 2026 | $221,536 |
| Oct 5, 2026 | $221,534 |
| Oct 6, 2026 | $221,539 |
| Oct 7, 2026 | $221,524 |
| Oct 8, 2026 | $221,480 |
| Oct 9, 2026 | $221,462 |
| Oct 10, 2026 | $119,661 |
| Oct 11, 2026 | $119,661 |
| Oct 12, 2026 | $119,661 |
| Oct 13, 2026 | $119,658 |
| Oct 14, 2026 | $119,674 |
| 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 |
TVL at each month end, Sep 2026 to Oct 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $221,513 |
| Oct 23, 2026 (latest) | $327,213 |
Fees and revenue by UTC calendar month, Sep 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Sep 2026 | $6.76 | $5.71 |
| Oct 2026 (to date) | $1,591 | $1,209 |
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 Oct 23, 2026, Nova Markets has $328,074 in total value locked.
What chains does Nova Markets operate on?
Nova Markets operates on 2 chains: Hyperliquid L1 and Arbitrum. Arbitrum holds the largest share at 63.5%.
How much has Nova Markets generated in fees and revenue?
Over the past 30 days, Nova Markets generated $1,096 in fees. Of that, $839.86 was protocol revenue. Based on the trailing year, the annualized rate is $17,398 in fees and $13,328 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 $3.98m in perpetual futures volume over the past 30 days.