Ask about Perennial · freePerennialDeprecated protocol
Total Value Locked$0
TVL by Chain
Ethereum$0
Arbitrum$0
Key Metrics
Cumulative Perp Volume$2.007b
Cumulative Perp Volume by chain
Arbitrum$1.778b
Perennial$229.53m
Total Raised$12m
Dec 7, 2022$12mRound: SeedInvestors: Polychain Capital, Variant, Archetype, Coinbase Ventures, Scalar Capital, Robot Ventures
Protocol Information
Perennial is a decentralized derivatives protocol built from first-principles to be a powerful, flexible, and composable primitive that can scale to meet the needs of DeFi traders, liquidity providers, and developers.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Competitors
Perennial history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 31, 2023 to Oct 7, 2026.
All-time high TVL: $6.75m on Feb 7, 2024. All-time low TVL: $337,030 on Jun 29, 2026.
Daily TVL, Sep 8, 2026 to Oct 7, 2026
| Date | TVL |
|---|---|
| Sep 8, 2026 | $0 |
| Sep 9, 2026 | $0 |
| Sep 10, 2026 | $0 |
| Sep 11, 2026 | $0 |
| Sep 12, 2026 | $0 |
| Sep 13, 2026 | $0 |
| Sep 14, 2026 | $0 |
| Sep 15, 2026 | $0 |
| Sep 16, 2026 | $0 |
| Sep 17, 2026 | $0 |
| Sep 18, 2026 | $0 |
| Sep 19, 2026 | $0 |
| Sep 20, 2026 | $0 |
| Sep 21, 2026 | $0 |
| Sep 22, 2026 | $0 |
| Sep 23, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 25, 2026 | $0 |
| Sep 26, 2026 | $0 |
| Sep 27, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 3, 2026 | $0 |
| Oct 4, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 7, 2026 | $0 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.96m |
| Dec 31, 2024 | $2.47m |
| Jan 31, 2025 | $2.07m |
| Feb 28, 2025 | $708,585 |
| Mar 31, 2025 | $653,834 |
| Apr 30, 2025 | $647,542 |
| May 31, 2025 | $592,569 |
| Jun 30, 2025 | $588,451 |
| Jul 31, 2025 | $585,777 |
| Aug 31, 2025 | $583,513 |
| Sep 30, 2025 | $582,156 |
| Oct 31, 2025 | $582,076 |
| Nov 30, 2025 | $581,169 |
| Dec 31, 2025 | $580,130 |
| Jan 31, 2026 | $577,119 |
| Feb 28, 2026 | $576,528 |
| Mar 31, 2026 | $576,278 |
| Apr 30, 2026 | $576,354 |
| May 31, 2026 | $575,828 |
| Jun 30, 2026 | $0 |
| Jul 31, 2026 | $0 |
| Aug 31, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 7, 2026 (latest) | $0 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $5.12m |
| Dec 31, 2024 | $2.47m |
| Dec 31, 2025 | $580,130 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/perennial
Frequently asked questions
What is Perennial's TVL?
As of Oct 7, 2026, Perennial has $0 in total value locked.
What chains does Perennial operate on?
Perennial operates on 3 chains: Ethereum, Arbitrum, and Perennial.
How does Perennial's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Perennial ranks #426 by TVL. The category holds $1.981b across 426 protocols, and Perennial accounts for 0% of that total. Similar protocols include AZverse Perps, Apex Omni, Aevo Perps, Contango V2, AlphaX, ApeX Pro, IPOR Derivatives, Derive V2, Contango V1, and Vest Markets.