Total Value Locked$291,969
TVL by Chain
Arbitrum$291,969
Key Metrics
Fees 30d$7,017
Fees 30d by chain
Arbitrum$7,017
Fees 7d$1,396
Arbitrum$1,396
Fees 24h$844
Arbitrum$844
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$617
Arbitrum$617
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$2.3m
Arbitrum$2.3m
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.
Part of Nova Markets
Methodology
TVL: TVL is the USDC deposited in the Conviction Pool, the nUSDC vault that takes the other side of every trade on Nova's markets, plus the USDC collateral of open trades held by Nova's trading contract on Arbitrum. Contracts: https://docs.nova.markets/contracts.mdView code on GitHubFees: All fees traders pay, before any share goes back to Conviction Pool depositors or referrers: opening and closing fees, liquidation closing fees included, plus the borrowing fees paid while a position is open. Funding is paid between traders and is not counted.View code on GitHubRevenue: The share of opening and closing fees Nova keeps (governance fee).View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubNova Perps history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 23, 2026 to Nov 13, 2026.
All-time high TVL: $292,185 on Nov 13, 2026. All-time low TVL: $207,587 on Oct 23, 2026.
Daily TVL, Oct 23, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 23, 2026 | $207,587 |
| Oct 24, 2026 | $208,384 |
| Oct 25, 2026 | $209,529 |
| Oct 26, 2026 | $208,730 |
| Oct 27, 2026 | $209,046 |
| Oct 28, 2026 | $211,086 |
| Oct 29, 2026 | $213,096 |
| Oct 30, 2026 | $213,507 |
| Oct 31, 2026 | $214,896 |
| Nov 1, 2026 | $215,344 |
| Nov 2, 2026 | $220,036 |
| Nov 3, 2026 | $218,220 |
| Nov 4, 2026 | $228,750 |
| Nov 5, 2026 | $257,359 |
| Nov 6, 2026 | $236,183 |
| Nov 7, 2026 | $226,482 |
| Nov 8, 2026 | $226,611 |
| Nov 9, 2026 | $240,040 |
| Nov 10, 2026 | $238,397 |
| Nov 11, 2026 | $248,020 |
| Nov 12, 2026 | $247,460 |
| Nov 13, 2026 | $292,185 |
TVL at each month end, Oct 2026 to Nov 2026
| Date | TVL |
|---|---|
| Oct 31, 2026 | $214,896 |
| Nov 13, 2026 (latest) | $292,185 |
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) | $4,068 | $3,039 |
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-perps
Frequently asked questions
What is Nova Perps' TVL?
As of Nov 13, 2026, Nova Perps has $291,969 in total value locked.
What chains does Nova Perps operate on?
Nova Perps operates on Arbitrum. Arbitrum holds the largest share at 100%.
How much has Nova Perps generated in fees and revenue?
Over the past 30 days, Nova Perps 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.
How does Nova Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Nova Perps ranks #69 by TVL. The category holds $1.753b across 425 protocols, and Nova Perps accounts for <0.1% of that total. Similar protocols include GMX EVM, AZverse Perps, Apex Omni, Aevo Perps, Antarctic, MUX Perps, Gains Network, Contango V2, Evedex, and AlphaX.
How much perpetual futures volume does Nova Perps process?
Nova Perps processed $24.53m in perpetual futures volume over the past 30 days.