Perennial V2Deprecated protocol
Key Metrics
Cumulative Perp Volume$2.007b
Cumulative Perp Volume by chain
Arbitrum$1.778b
Perennial$229.53m
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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.
Category:Derivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubPerennial V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 5, 2023 to Sep 21, 2026.
All-time high TVL: $6.32m on Feb 7, 2024. All-time low TVL: $217,170 on Mar 9, 2026.
Daily TVL, Jun 6, 2026 to Sep 21, 2026
| Date | TVL |
|---|---|
| Jun 6, 2026 | $236,673 |
| Jun 7, 2026 | $236,710 |
| Jun 8, 2026 | $236,675 |
| Jun 9, 2026 | $236,661 |
| Jun 10, 2026 | $236,706 |
| Jun 11, 2026 | $236,713 |
| Jun 12, 2026 | $236,696 |
| Jun 13, 2026 | $236,716 |
| Jun 14, 2026 | $236,705 |
| Jun 15, 2026 | $236,681 |
| Jun 16, 2026 | $236,707 |
| Jun 17, 2026 | $236,701 |
| Jun 18, 2026 | $236,709 |
| Jun 19, 2026 | $236,744 |
| Jun 20, 2026 | $236,718 |
| Jun 21, 2026 | $236,724 |
| Jun 22, 2026 | $236,721 |
| Jun 23, 2026 | $0 |
| Jun 24, 2026 | $0 |
| Jun 25, 2026 | $0 |
| Jun 26, 2026 | $0 |
| Jun 27, 2026 | $0 |
| Jun 28, 2026 | $0 |
| Jun 29, 2026 | $0 |
| Jun 30, 2026 | $0 |
| Sep 17, 2026 | $0 |
| Sep 18, 2026 | $0 |
| Sep 19, 2026 | $0 |
| Sep 20, 2026 | $0 |
| Sep 21, 2026 | $0 |
TVL at each month end, Aug 2024 to Sep 2026
| Date | TVL |
|---|---|
| Aug 31, 2024 | $4.43m |
| Sep 30, 2024 | $4.47m |
| Oct 31, 2024 | $4.01m |
| Nov 30, 2024 | $1.59m |
| Dec 31, 2024 | $2.11m |
| Jan 31, 2025 | $1.7m |
| Feb 28, 2025 | $345,480 |
| Mar 31, 2025 | $306,787 |
| Apr 30, 2025 | $300,519 |
| May 31, 2025 | $245,613 |
| Jun 30, 2025 | $241,685 |
| Jul 31, 2025 | $241,040 |
| Aug 31, 2025 | $239,402 |
| Sep 30, 2025 | $238,344 |
| Oct 31, 2025 | $238,224 |
| Nov 30, 2025 | $237,500 |
| Dec 31, 2025 | $236,756 |
| Jan 31, 2026 | $236,683 |
| Feb 28, 2026 | $236,732 |
| Mar 31, 2026 | $236,665 |
| Apr 30, 2026 | $236,704 |
| May 31, 2026 | $236,669 |
| Jun 30, 2026 | $0 |
| Sep 21, 2026 (latest) | $0 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $4.64m |
| Dec 31, 2024 | $2.11m |
| Dec 31, 2025 | $236,756 |
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-v2