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Perpsplexity

Total Value Locked$70,344

TVL by Chain

Sui$70,344

Protocol Information

Launch a meme coin, choose its backing, and make conviction count on Sui. Perpsplexity pools back each coin with a leveraged perpetual position on Aftermath (long or short a market such as META), pay holders dividends from trading fees, and offer leveraged tokens (e.g. BTC 3x long) that mint and redeem against USDC.

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Category:Derivatives

Methodology

TVL: TVL is what every Perpsplexity pool and leveraged token holds, valued by its own contract through a read-only call on the latest chain state. Leveraged pools: composite_pool::observe (observe_cash while a pool rests in cash) returns quote_nav = cash in the pool + its Suilend deposit + idle margin in its Aftermath reserve account + the value of its Aftermath perp position (collateral plus unrealized PnL and funding); the treasury, unpaid holder dividends, uncollected platform and creator fees and launch escrow kept in the pool are added. Spot pools: the quote balance in the pool plus the same set-apart balances. Leveraged tokens: token::status nav (free cash plus perp position equity at the oracle price). Pool tokens themselves (the meme coins in each pool reserve) are not counted. Marked doublecounted because part of the pools' cash is lent on Suilend and also appears in Suilend's TVL. Margin posted on Aftermath Perps is not counted by any other DefiLlama adapter (the Aftermath afLP adapter counts only the afLP vault account), so it is included here.View code on GitHub

Competitors

DipCoin Perps ($1.85m)Bluefin Pro ($1.25m)Sudo Perps ($692,781)WaterX ($450,768)Astros Perp ($245,092)ZO Perps ($64,905)Parchment ($10,995)Typus Perp ($3,458)ABEx Finance ($1,228)Bluefin Legacy

Closest by TVL

BMX Classic Perps ($76,128)Electra ($72,979)Rubin Trade ($66,697)

Perpsplexity history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 12, 2026 to Nov 13, 2026.

All-time high TVL: $69,949 on Nov 13, 2026. All-time low TVL: $69,644 on Nov 12, 2026.

Daily TVL, Nov 12, 2026 to Nov 13, 2026

DateTVL
Nov 12, 2026$69,644
Nov 13, 2026$69,949

TVL at each month end, Nov 2026 to Nov 2026

DateTVL
Nov 13, 2026 (latest)$69,949

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/perpsplexity

Frequently asked questions

What is Perpsplexity's TVL?

As of Nov 13, 2026, Perpsplexity has $70,344 in total value locked.

What chains does Perpsplexity operate on?

Perpsplexity operates on Sui. Sui holds the largest share at 100%.

How does Perpsplexity's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Perpsplexity ranks #108 by TVL. The category holds $1.757b across 425 protocols, and Perpsplexity accounts for <0.1% of that total. Similar protocols include DipCoin Perps, Bluefin Pro, Sudo Perps, WaterX, Astros Perp, ZO Perps, Parchment, Typus Perp, ABEx Finance, and Bluefin Legacy.