Ask about Panoptic protocol · freeTotal Value Locked$1.3m
TVL by Chain
Ethereum$1.29m
Robinhood Chain$16,033
Base$1,136
Unichain$143
Key Metrics
Fees 30d$1,951
Fees 30d by chain
Ethereum$1,947
Robinhood Chain$3.64
Fees 7d$329.78
Ethereum$328.11
Robinhood Chain$1.74
Fees 24h$52.43
Ethereum$52
Robinhood Chain$0.43
Cumulative Fees$15,247
Ethereum$15,240
Robinhood Chain$7.96
Revenue 30d$1,951
Revenue 30d by chain
Ethereum$1,947
Robinhood Chain$3.64
Revenue 7d$329.78
Ethereum$328.11
Robinhood Chain$1.74
Revenue 24h$52.43
Ethereum$52
Robinhood Chain$0.43
Cumulative Revenue$15,247
Ethereum$15,240
Robinhood Chain$7.96
Options Premium Volume 30d$18,296
Options Premium Volume 7d$2,864
Options Premium Volume 24h$187
Cumulative Options Premium Volume$64,080
Options Notional Volume 30d$11.68m
Options Notional Volume 7d$856,578
Options Notional Volume 24h$150,215
Cumulative Options Notional Volume$91.61m
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
- Panoptic V2Options
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
Amount: $0
Classification: Input Validation
Technique: Hash Collision
On August 25, 2025, a critical hash-collision vulnerability was discovered in Panoptic V1.1's position fingerprinting scheme. The non-collision-resistant XOR-hashing would have allowed attackers to bypass collateral checks and drain liquidity pools, but was reported by security researchers before exploitation.
Chains: Base, Unichain, Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Panoptic protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 15, 2024 to Nov 12, 2026.
All-time high TVL: $3.97m on Jul 21, 2025. All-time low TVL: $1,956 on Dec 15, 2024.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $152,208 |
| Oct 15, 2026 | $1.21m |
| Oct 16, 2026 | $1.29m |
| Oct 17, 2026 | $1.3m |
| Oct 18, 2026 | $1.31m |
| Oct 19, 2026 | $1.33m |
| Oct 20, 2026 | $1.38m |
| Oct 21, 2026 | $1.44m |
| Oct 22, 2026 | $1.51m |
| Oct 23, 2026 | $1.36m |
| Oct 24, 2026 | $1.34m |
| Oct 25, 2026 | $1.38m |
| Oct 26, 2026 | $1.36m |
| Oct 27, 2026 | $1.36m |
| Oct 28, 2026 | $1.36m |
| Oct 29, 2026 | $1.39m |
| Oct 30, 2026 | $1.38m |
| Oct 31, 2026 | $1.4m |
| Nov 1, 2026 | $1.4m |
| Nov 2, 2026 | $1.38m |
| Nov 3, 2026 | $1.38m |
| Nov 4, 2026 | $1.38m |
| Nov 5, 2026 | $1.43m |
| Nov 6, 2026 | $1.36m |
| Nov 7, 2026 | $1.37m |
| Nov 8, 2026 | $1.37m |
| Nov 9, 2026 | $1.31m |
| Nov 10, 2026 | $1.29m |
| Nov 11, 2026 | $1.29m |
| Nov 12, 2026 | $1.3m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $513,827 |
| Jan 31, 2025 | $1.07m |
| Feb 28, 2025 | $1.4m |
| Mar 31, 2025 | $1.27m |
| Apr 30, 2025 | $1.25m |
| May 31, 2025 | $1.49m |
| Jun 30, 2025 | $2.32m |
| Jul 31, 2025 | $3.74m |
| Aug 31, 2025 | $17,204 |
| Sep 30, 2025 | $17,868 |
| Oct 31, 2025 | $16,594 |
| Nov 30, 2025 | $9,599 |
| Dec 31, 2025 | $9,468 |
| Jan 31, 2026 | $8,929 |
| Feb 28, 2026 | $8,125 |
| Mar 31, 2026 | $8,125 |
| Apr 30, 2026 | $8,125 |
| May 31, 2026 | $8,125 |
| Jun 30, 2026 | $1.33m |
| Jul 31, 2026 | $2.03m |
| Aug 31, 2026 | $790,931 |
| Sep 30, 2026 | $2.16m |
| Oct 31, 2026 | $1.4m |
| Nov 12, 2026 (latest) | $1.3m |
Fees and revenue by UTC calendar month, Apr 2026 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Apr 2026 | $1.23 | $1.23 |
| May 2026 | $34.50 | $34.50 |
| Jun 2026 | $817.51 | $817.51 |
| Jul 2026 | $1,814 | $1,814 |
| Aug 2026 | $3,576 | $3,576 |
| Sep 2026 | $5,418 | $5,418 |
| Oct 2026 | $3,205 | $3,205 |
| Nov 2026 (to date) | $381.43 | $381.43 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/panoptic-protocol
Frequently asked questions
What is Panoptic protocol's TVL?
As of Nov 12, 2026, Panoptic protocol has $1.3m in total value locked. TVL has increased 869.6% over the past 30 days.
What chains does Panoptic protocol operate on?
Panoptic protocol operates on 3 chains: Ethereum, Base, and Robinhood Chain. Ethereum holds the largest share at 98.7%.
How much has Panoptic protocol generated in fees and revenue?
Over the past 30 days, Panoptic protocol generated $1,951 in fees. Of that, $1,951 was protocol revenue. Based on the trailing year, the annualized rate is $25,297 in fees and $25,297 in revenue.
How does Panoptic protocol's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Panoptic protocol ranks #4 by TVL. The category holds $190.39m across 76 protocols, and Panoptic protocol accounts for 0.7% of that total. Similar protocols include Thetanuts Finance, Stryke CLAMM, GammaSwap Open Interest, Prodigy.Fi V2, Derive V3 Options, Hegic, Deri V4, SOFA.org, Ribbon Earn, and Opyn Gamma.
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.