Ask about Parchment · freeParchment
Total Value Locked$12,902
TVL by Chain
Sui$12,902
Key Metrics
Fees 30d$3,614
Fees 30d by chain
Sui$3,614
Fees 7d$3,129
Sui$3,129
Fees 24h$341
Sui$341
Cumulative Fees$3,614
Sui$3,614
Revenue 30d$2,901
Revenue 30d by chain
Sui$2,901
Revenue 7d$2,474
Sui$2,474
Revenue 24h$61.01
Sui$61.01
Cumulative Revenue$2,901
Sui$2,901
Holders Revenue 30d$1,628
Holders Revenue 30d by chain
Sui$1,628
Holders Revenue 7d$1,454
Sui$1,454
Holders Revenue 24h$30.50
Sui$30.50
Cumulative Holders Revenue$1,628
Sui$1,628
Protocol Information
Parchment is a perpetuals exchange on Sui. Traders post USDC margin and take leveraged long or short positions on crypto, equities and commodities, filled at Pyth Lazer oracle prices against a house pool
Methodology
TVL: USDC held in the Parchment Exchange vault: trader free balances, margin of open positions, queued payouts and the house pool that is every trade's counterparty. Trading fees earned by the protocol and stakers that still sit in the vault are excluded. Trading volume is high relative to TVL because markets allow 100x-1000x leverage on small margins, and positions are short-lived.View code on GitHubFees: Fees paid by Parchment traders: open fees (0 since launch), 0.4 bp close fees, 2% win fees on profit, 2% loss fees on margin lost, liquidation bounties, the 0.02 USDC execution fee per filled order and optional builder fees, net of the discount referred traders get back on close and win fees. The loss fee is a separate protocol cut routed to stakers and the treasury, not house pool profit; the house pool's own trading profit is not counted.View code on GitHubRevenue: Open, close, win and loss fees kept by Parchment after referral shares, split between stakers and the treasury.View code on GitHubHolders Revenue: Share of the open, close, win and loss fees Parchment keeps that is paid in USDC to stakers (30% to 70% depending on house pool coverage).View code on GitHubParchment history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 11, 2026 to Nov 14, 2026.
All-time high TVL: $12,251 on Nov 14, 2026. All-time low TVL: $8,113 on Nov 11, 2026.
Daily TVL, Nov 11, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| Nov 11, 2026 | $8,113 |
| Nov 12, 2026 | $8,344 |
| Nov 13, 2026 | $9,308 |
| Nov 14, 2026 | $12,251 |
TVL at each month end, Nov 2026 to Nov 2026
| Date | TVL |
|---|---|
| Nov 14, 2026 (latest) | $12,251 |
Fees, revenue and holders revenue by UTC calendar month, Nov 2026 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2026 (to date) | $3,614 | $2,901 | $1,628 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/parchment
Frequently asked questions
What is Parchment's TVL?
As of Nov 14, 2026, Parchment has $12,902 in total value locked.
What chains does Parchment operate on?
Parchment operates on Sui. Sui holds the largest share at 100%.
How much has Parchment generated in fees and revenue?
Over the past 30 days, Parchment generated $3,614 in fees. Of that, $2,901 was protocol revenue. Based on the trailing year, the annualized rate is $119,918 in fees and $96,257 in revenue.
How does Parchment's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Parchment ranks #146 by TVL. The category holds $1.677b across 425 protocols, and Parchment accounts for <0.1% of that total. Similar protocols include DipCoin Perps, Bluefin Pro, Sudo Perps, WaterX, Astros Perp, Perpsplexity, ZO Perps, Typus Perp, ABEx Finance, and Bluefin Legacy.