Logo of Panoptic protocolPanoptic protocol
Total Value Locked$936,401

TVL by Chain

Ethereum$936,401

Key Metrics

Fees (Annualized)$10,051.99
Fees 30d$1,856.63

Ethereum$1,856.63

Fees 7d$657.48

Ethereum$657.48

Fees 24h$149

Ethereum$149

Cumulative Fees$3,717.86

Ethereum$3,717.86

Revenue (Annualized)$10,051.99
Revenue 30d$1,856.63

Ethereum$1,856.63

Revenue 7d$657.48

Ethereum$657.48

Revenue 24h$149

Ethereum$149

Cumulative Revenue$3,717.86

Ethereum$3,717.86

Options Premium Volume 30d$9,490

$1,167

$135

$15,070.59

Options Notional Volume 30d$8.37m

$3.31m

$1.14m

$16.86m

Total Raised$11.5m

Dec 5, 2022$4.5mRound: SeedInvestors: gumi Cryptos Capital, Uniswap Labs Ventures, Coinbase Ventures, Jane Street, Blizzard Fund, Hailstone Ventures, MH Ventures

Nov 20, 2023$7mRound: Seed+Investors: Greenfield Capital, HashKey, gumi Cryptos Capital, L1 Digital, Heartcore Capital, Comma3 Ventures, Zee Prime Capital

Protocol Information

Panoptic is a DeFi protocol for trading perpetual options by replicating call and put positions using Uniswap v3/v4 liquidity, without relying on oracles or expiration dates

Category:Options
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Options Premium Volume: Sum of value paid buying and selling options on the exchange

Options Notional Volume: Sum of the notional value of all options that have been traded on the exchange

Hacks

Date: Aug 25, 2025

Protocol: Panoptic V1.1

Classification: Input Validation

Technique: Hash Collision

Chains: Base, Unichain, Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Frequently Asked Questions

What is Panoptic protocol?

Panoptic is a DeFi protocol for trading perpetual options by replicating call and put positions using Uniswap v3/v4 liquidity, without relying on oracles or expiration dates

What is Panoptic protocol's TVL?

Panoptic protocol currently has $936,401 in total value locked. TVL has decreased 46.6% over the past 30 days.

What chains does Panoptic protocol operate on?

Panoptic protocol operates on 3 chains: Ethereum, Unichain, and Base. Ethereum holds the largest share at 100%.

How much has Panoptic protocol generated in fees and revenue?

Over the past 30 days, Panoptic protocol generated $1,856.63 in fees. Of that, $1,856.63 was protocol revenue. Based on the trailing year, the annualized rate is $10,051.99 in fees and $10,051.99 in revenue.

How does Panoptic protocol's TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Panoptic protocol ranks #6 by TVL. The category holds $28.21m across 66 protocols, and Panoptic protocol accounts for 3.3% of that total. Other leading protocols include GammaSwap Open Interest, Prodigy.Fi, Hegic, Deri V4, Opyn Gamma, Ribbon Earn, SOFA.org, Opyn Convexity, Pods Finance, and Hypersurface.

Has Panoptic protocol ever been exploited?

Panoptic protocol has 1 recorded security incident. The most recent incident occurred on Aug 25, 2025 and involved $0. It was classified as Input Validation.