Perennial V1Deprecated protocol
Key Metrics
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.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubPerennial V1 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 31, 2023 to Oct 7, 2026.
All-time high TVL: $6.1m on Jun 9, 2023. All-time low TVL: $233,365 on Jun 19, 2024.
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 | $366,538 |
| Dec 31, 2024 | $364,443 |
| Jan 31, 2025 | $363,244 |
| Feb 28, 2025 | $363,105 |
| Mar 31, 2025 | $347,047 |
| Apr 30, 2025 | $347,023 |
| May 31, 2025 | $346,956 |
| Jun 30, 2025 | $346,766 |
| Jul 31, 2025 | $344,737 |
| Aug 31, 2025 | $344,111 |
| Sep 30, 2025 | $343,812 |
| Oct 31, 2025 | $343,852 |
| Nov 30, 2025 | $343,669 |
| Dec 31, 2025 | $343,374 |
| Jan 31, 2026 | $340,436 |
| Feb 28, 2026 | $339,796 |
| Mar 31, 2026 | $339,613 |
| Apr 30, 2026 | $339,650 |
| May 31, 2026 | $339,159 |
| 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 | $479,217 |
| Dec 31, 2024 | $364,443 |
| Dec 31, 2025 | $343,374 |
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-v1
Frequently asked questions
What is Perennial V1's TVL?
As of Oct 7, 2026, Perennial V1 has $0 in total value locked.
What chains does Perennial V1 operate on?
Perennial V1 operates on Ethereum.