Ask about O2 Exchange · freeTotal Value Locked$2.87m
TVL by Chain
Fuel Ignition$2.87m
Key Metrics
Fees 30d$2,096
Fees 30d by chain
Fuel Ignition$2,096
Fees 7d$614.15
Fuel Ignition$614.15
Fees 24h$156
Fuel Ignition$156
Cumulative Fees$329,384
Fuel Ignition$329,384
Revenue 30d$2,096
Revenue 30d by chain
Fuel Ignition$2,096
Revenue 7d$614.15
Fuel Ignition$614.15
Revenue 24h$156
Fuel Ignition$156
Cumulative Revenue$329,384
Fuel Ignition$329,384
DEX Volume 30d$6.31m
DEX Volume 30d by chain
Fuel Ignition$6.31m
DEX Volume 7d$1.53m
Fuel Ignition$1.53m
DEX Volume 24h$391,740
Fuel Ignition$391,740
Cumulative DEX Volume$1.728b
Fuel Ignition$1.728b
Protocol Information
O2 is a high-performance, fully onchain spot orderbook on Ignition, a rollup powered by the Fuel Virtual Machine. It offers a CEX-like trading experience with DEX security (self-custody, no KYC) and ultra-low fees. It supports multichain deposits and withdrawals and has a highly performant API for programmatic traders
Sub Category: Order Book
Audits:
Methodology
TVL: The TVL is defined as the total sum of assets across all user trading accounts, as reported by the O2 stats APIView code on GitHubFees: All fees paid by users on the O2 ExchangeView code on GitHubRevenue: Fees are distributed to Fuel LabsView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubO2 Exchange history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 3, 2025 to Nov 13, 2026.
All-time high TVL: $3.06m on Nov 7, 2026. All-time low TVL: $99,590 on Dec 7, 2025.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $2.37m |
| Oct 16, 2026 | $2.38m |
| Oct 17, 2026 | $2.37m |
| Oct 18, 2026 | $2.37m |
| Oct 19, 2026 | $2.37m |
| Oct 20, 2026 | $2.36m |
| Oct 21, 2026 | $2.38m |
| Oct 22, 2026 | $2.39m |
| Oct 23, 2026 | $2.36m |
| Oct 24, 2026 | $2.36m |
| Oct 25, 2026 | $2.36m |
| Oct 26, 2026 | $2.35m |
| Oct 27, 2026 | $2.35m |
| Oct 28, 2026 | $2.35m |
| Oct 29, 2026 | $2.35m |
| Oct 30, 2026 | $2.32m |
| Oct 31, 2026 | $2.33m |
| Nov 1, 2026 | $2.32m |
| Nov 2, 2026 | $2.33m |
| Nov 3, 2026 | $2.32m |
| Nov 4, 2026 | $2.32m |
| Nov 5, 2026 | $3.06m |
| Nov 6, 2026 | $3.05m |
| Nov 7, 2026 | $3.06m |
| Nov 8, 2026 | $3.05m |
| Nov 9, 2026 | $3m |
| Nov 10, 2026 | $3m |
| Nov 11, 2026 | $2.96m |
| Nov 12, 2026 | $2.96m |
| Nov 13, 2026 | $2.92m |
TVL at each month end, Dec 2025 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2025 | $188,796 |
| Jan 20, 2026 | $1.5m |
| Feb 28, 2026 | $1.53m |
| Mar 31, 2026 | $2.64m |
| Apr 30, 2026 | $2.34m |
| May 31, 2026 | $2.27m |
| Jun 30, 2026 | $2.15m |
| Jul 31, 2026 | $2.23m |
| Aug 31, 2026 | $2.36m |
| Sep 30, 2026 | $2.42m |
| Oct 31, 2026 | $2.33m |
| Nov 13, 2026 (latest) | $2.92m |
Fees and revenue by UTC calendar month, Dec 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2025 | $4,829 | $4,829 |
| Jan 2026 | $11,792 | $11,792 |
| Feb 2026 | $27,823 | $27,823 |
| Mar 2026 | $68,330 | $68,330 |
| Apr 2026 | $56,984 | $56,984 |
| May 2026 | $90,574 | $90,574 |
| Jun 2026 | $59,213 | $59,213 |
| Jul 2026 | $3,905 | $3,905 |
| Aug 2026 | $945 | $945 |
| Sep 2026 | $2,126 | $2,126 |
| Oct 2026 | $1,822 | $1,822 |
| Nov 2026 (to date) | $1,197 | $1,197 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/o2-exchange
Frequently asked questions
What is O2 Exchange's TVL?
As of Nov 13, 2026, O2 Exchange has $2.87m in total value locked. TVL has increased 19.8% over the past 30 days.
What chains does O2 Exchange operate on?
O2 Exchange operates on Fuel Ignition. Fuel Ignition holds the largest share at 100%.
How much has O2 Exchange generated in fees and revenue?
Over the past 30 days, O2 Exchange generated $2,096 in fees. Of that, $2,096 was protocol revenue. Based on the trailing year, the annualized rate is $346,470 in fees and $346,470 in revenue.
How does O2 Exchange's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, O2 Exchange ranks #134 by TVL. The category holds $11.782b across 1,935 protocols, and O2 Exchange accounts for <0.1% of that total. Similar protocols include Reactor DEX, Microchain, V12, Diesel Dex, OxiSwap, Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, and Raydium AMM.
How much trading volume does O2 Exchange process?
O2 Exchange processed $6.31m in DEX volume over the past 30 days.