Ask about Opyn · freeTotal Value Locked$2.17m
TVL by Chain
Ethereum$2.17m
Avalanche$608
Polygon$590
Key Metrics
Total Raised$8.86m
Jun 22, 2020$2.16mRound: SeedInvestors: Dragonfly Capital, 1kx, Version One Ventures, CoinFund, DTC Capital, Uncorrelated Ventures, A.Capital Ventures, Balaji Srinivasan, Robert Leshner, Linda Xie
Feb 3, 2021$6.7mRound: Series AInvestors: Coinbase Ventures, Dragonfly Capital, Kain Warwick, Paradigm, Stani Kulechov
Protocol Information
Opyn is building Defi-native derivatives and options infrastructure in DeFi
- Opyn GammaOptions
- Opyn SqueethDerivatives
- Opyn ConvexityOptions
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Opyn history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 11, 2020 to Nov 5, 2026.
All-time high TVL: $357.54m on Apr 6, 2022. All-time low TVL: $57,906 on Feb 17, 2020.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $2.46m |
| Oct 8, 2026 | $2.35m |
| Oct 9, 2026 | $2.27m |
| Oct 10, 2026 | $2.28m |
| Oct 11, 2026 | $2.29m |
| Oct 12, 2026 | $2.33m |
| Oct 13, 2026 | $2.22m |
| Oct 14, 2026 | $2.29m |
| Oct 15, 2026 | $2.22m |
| Oct 16, 2026 | $2.23m |
| Oct 17, 2026 | $2.22m |
| Oct 18, 2026 | $2.2m |
| Oct 19, 2026 | $2.21m |
| Oct 20, 2026 | $2.16m |
| Oct 21, 2026 | $2.21m |
| Oct 22, 2026 | $2.23m |
| Oct 23, 2026 | $2.15m |
| Oct 24, 2026 | $2.14m |
| Oct 25, 2026 | $2.13m |
| Oct 26, 2026 | $2.1m |
| Oct 27, 2026 | $2.09m |
| Oct 28, 2026 | $2.11m |
| Oct 29, 2026 | $2.12m |
| Oct 30, 2026 | $2.01m |
| Oct 31, 2026 | $2.03m |
| Nov 1, 2026 | $2.04m |
| Nov 2, 2026 | $2.05m |
| Nov 3, 2026 | $2.03m |
| Nov 4, 2026 | $2.05m |
| Nov 5, 2026 | $2.18m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $8.55m |
| Jan 31, 2025 | $8.18m |
| Feb 28, 2025 | $5.78m |
| Mar 31, 2025 | $4.61m |
| Apr 30, 2025 | $4.67m |
| May 31, 2025 | $5.79m |
| Jun 30, 2025 | $6.22m |
| Jul 31, 2025 | $4.19m |
| Aug 31, 2025 | $4.73m |
| Sep 30, 2025 | $4.51m |
| Oct 31, 2025 | $4.02m |
| Nov 30, 2025 | $3.14m |
| Dec 31, 2025 | $3.06m |
| Jan 31, 2026 | $2.8m |
| Feb 28, 2026 | $2.02m |
| Mar 31, 2026 | $1.99m |
| Apr 30, 2026 | $2.19m |
| May 31, 2026 | $1.95m |
| Jun 30, 2026 | $1.51m |
| Jul 31, 2026 | $1.79m |
| Aug 31, 2026 | $2.24m |
| Sep 30, 2026 | $2.45m |
| Oct 31, 2026 | $2.03m |
| Nov 5, 2026 (latest) | $2.18m |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $4m |
| Dec 31, 2021 | $292.08m |
| Dec 31, 2022 | $51.86m |
| Dec 31, 2023 | $17.12m |
| Dec 31, 2024 | $8.55m |
| Dec 31, 2025 | $3.06m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/opyn
Frequently asked questions
What is Opyn's TVL?
As of Nov 5, 2026, Opyn has $2.17m in total value locked. TVL has decreased 12.4% over the past 30 days.
What chains does Opyn operate on?
Opyn operates on 3 chains: Ethereum, Avalanche, and Polygon. Ethereum holds the largest share at 99.9%.
Which protocols are included in Opyn?
Opyn is a parent protocol whose tracked products include Opyn Gamma, Opyn Squeeth, and Opyn Convexity.