Total Value Locked$891,978
TVL by Chain
Ethereum$890,831
Avalanche$592.50
Polygon$554.39
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
Options market
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Opyn Gamma history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 21, 2021 to Nov 9, 2026.
All-time high TVL: $335.23m on Apr 29, 2022. All-time low TVL: $714,511 on Jul 1, 2026.
Daily TVL, Oct 11, 2026 to Nov 9, 2026
| Date | TVL |
|---|---|
| Oct 11, 2026 | $1.09m |
| Oct 12, 2026 | $1.1m |
| Oct 13, 2026 | $1.05m |
| Oct 14, 2026 | $1.08m |
| Oct 15, 2026 | $1.05m |
| Oct 16, 2026 | $1.06m |
| Oct 17, 2026 | $1.05m |
| Oct 18, 2026 | $1.04m |
| Oct 19, 2026 | $1.04m |
| Oct 20, 2026 | $1.01m |
| Oct 21, 2026 | $1.03m |
| Oct 22, 2026 | $1.04m |
| Oct 23, 2026 | $1m |
| Oct 24, 2026 | $995,243 |
| Oct 25, 2026 | $990,398 |
| Oct 26, 2026 | $978,712 |
| Oct 27, 2026 | $974,185 |
| Oct 28, 2026 | $983,303 |
| Oct 29, 2026 | $987,258 |
| Oct 30, 2026 | $934,683 |
| Oct 31, 2026 | $944,669 |
| Nov 1, 2026 | $949,572 |
| Nov 2, 2026 | $953,742 |
| Nov 3, 2026 | $943,577 |
| Nov 4, 2026 | $952,549 |
| Nov 5, 2026 | $1.01m |
| Nov 6, 2026 | $938,206 |
| Nov 7, 2026 | $939,687 |
| Nov 8, 2026 | $936,978 |
| Nov 9, 2026 | $894,210 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $6.22m |
| Jan 31, 2025 | $6.14m |
| Feb 28, 2025 | $4.34m |
| Mar 31, 2025 | $3.48m |
| Apr 30, 2025 | $3.55m |
| May 31, 2025 | $4.24m |
| Jun 30, 2025 | $4.7m |
| Jul 31, 2025 | $1.94m |
| Aug 31, 2025 | $2.13m |
| Sep 30, 2025 | $2.1m |
| Oct 31, 2025 | $1.85m |
| Nov 30, 2025 | $1.47m |
| Dec 31, 2025 | $1.41m |
| Jan 31, 2026 | $1.29m |
| Feb 28, 2026 | $935,395 |
| Mar 31, 2026 | $968,052 |
| Apr 30, 2026 | $1.07m |
| May 31, 2026 | $960,226 |
| Jun 30, 2026 | $728,687 |
| Jul 31, 2026 | $854,682 |
| Aug 31, 2026 | $1.07m |
| Sep 30, 2026 | $1.16m |
| Oct 31, 2026 | $944,669 |
| Nov 9, 2026 (latest) | $894,210 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $291.02m |
| Dec 31, 2022 | $41.69m |
| Dec 31, 2023 | $8.55m |
| Dec 31, 2024 | $6.22m |
| Dec 31, 2025 | $1.41m |
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-gamma
Frequently asked questions
What is Opyn Gamma's TVL?
As of Nov 9, 2026, Opyn Gamma has $891,978 in total value locked. TVL has decreased 17.4% over the past 30 days.
What chains does Opyn Gamma operate on?
Opyn Gamma operates on 3 chains: Ethereum, Avalanche, and Polygon. Ethereum holds the largest share at 99.9%.
How does Opyn Gamma's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Opyn Gamma ranks #7 by TVL. The category holds $196.35m across 76 protocols, and Opyn Gamma accounts for 0.5% of that total. Similar protocols include Thetanuts Finance, SOFA.org, Siren, Pods Finance, Opium, Antimatter, Stryke SSOV, Derive V3 Options, Hegic, and Panoptic V2.