Ask about Pingu Exchange · freePingu Exchange(PINGU)
Total Value Locked$21,397
TVL by Chain
Arbitrum$20,270
Monad$1,127
Key Metrics
Cumulative Fees$1.94m
Cumulative Fees by chain
Arbitrum$1.88m
Monad$62,354
Cumulative Perp Volume$2.906b
Cumulative Perp Volume by chain
Arbitrum$2.826b
Monad$79.84m
Staked$0
Protocol Information
Pingu Exchange is a community driven decentralized perpetual protocol live on Arbitrum.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees paid by usersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Pingu Exchange history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Jan 30, 2024 to Nov 3, 2026.
All-time high TVL: $2.56m on Apr 12, 2024. All-time low TVL: $20,132 on Aug 5, 2026.
Daily TVL, Oct 5, 2026 to Nov 3, 2026
| Date | TVL |
|---|---|
| Oct 5, 2026 | $24,988 |
| Oct 6, 2026 | $24,817 |
| Oct 7, 2026 | $24,676 |
| Oct 8, 2026 | $23,810 |
| Oct 9, 2026 | $23,156 |
| Oct 10, 2026 | $23,289 |
| Oct 11, 2026 | $23,377 |
| Oct 12, 2026 | $23,662 |
| Oct 13, 2026 | $22,828 |
| Oct 14, 2026 | $23,385 |
| Oct 15, 2026 | $22,800 |
| Oct 16, 2026 | $22,897 |
| Oct 17, 2026 | $22,817 |
| Oct 18, 2026 | $22,463 |
| Oct 19, 2026 | $22,562 |
| Oct 20, 2026 | $22,421 |
| Oct 21, 2026 | $22,763 |
| Oct 22, 2026 | $22,960 |
| Oct 23, 2026 | $22,328 |
| Oct 24, 2026 | $22,313 |
| Oct 25, 2026 | $22,209 |
| Oct 26, 2026 | $21,913 |
| Oct 27, 2026 | $21,961 |
| Oct 28, 2026 | $22,142 |
| Oct 29, 2026 | $21,807 |
| Oct 30, 2026 | $21,025 |
| Oct 31, 2026 | $21,407 |
| Nov 1, 2026 | $21,545 |
| Nov 2, 2026 | $21,704 |
| Nov 3, 2026 | $21,442 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $844,946 |
| Jan 31, 2025 | $753,018 |
| Feb 28, 2025 | $635,033 |
| Mar 31, 2025 | $479,492 |
| Apr 30, 2025 | $446,288 |
| May 31, 2025 | $485,717 |
| Jun 30, 2025 | $527,620 |
| Jul 31, 2025 | $643,101 |
| Aug 31, 2025 | $578,329 |
| Sep 30, 2025 | $499,616 |
| Oct 31, 2025 | $314,735 |
| Nov 30, 2025 | $1.29m |
| Dec 31, 2025 | $1.36m |
| Jan 31, 2026 | $1.35m |
| Feb 28, 2026 | $1.32m |
| Mar 31, 2026 | $223,464 |
| Apr 30, 2026 | $107,362 |
| May 31, 2026 | $70,072 |
| Jun 30, 2026 | $48,847 |
| Jul 31, 2026 | $22,396 |
| Aug 31, 2026 | $23,760 |
| Sep 30, 2026 | $25,399 |
| Oct 31, 2026 | $21,407 |
| Nov 3, 2026 (latest) | $21,442 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $844,946 |
| Dec 31, 2025 | $1.36m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pingu-exchange
Frequently asked questions
What is Pingu Exchange's TVL?
As of Nov 3, 2026, Pingu Exchange has $21,397 in total value locked. TVL has decreased 13.5% over the past 30 days.
What chains does Pingu Exchange operate on?
Pingu Exchange operates on 2 chains: Arbitrum and Monad. Arbitrum holds the largest share at 94.7%.
How does Pingu Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Pingu Exchange ranks #136 by TVL. The category holds $1.869b across 422 protocols, and Pingu Exchange accounts for <0.1% of that total. Similar protocols include Narwhal Finance, GMX EVM, AZverse Perps, Apex Omni, Contango V2, Aevo Perps, MUX Perps, Antarctic, Gains Network, and Evedex.