Ask about Primitive · freePrimitive
Total Value Locked$55,842
TVL by Chain
Ethereum$55,842
Key Metrics
Total Raised$9m
Aug 18, 2022$9mRound: Series AInvestors: Bain Capital, 1Confirmation, Nascent, Robot Ventures
Protocol Information
Primitive built the Replicating Market Maker ("RMM") protocol, an oracle-free solution to scalable and efficient on-chain derivatives.
Sub Category: AMM
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Primitive history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 6, 2021 to Nov 7, 2026.
All-time high TVL: $1.72m on May 18, 2022. All-time low TVL: $13,483 on Mar 14, 2022.
Daily TVL, Oct 9, 2026 to Nov 7, 2026
| Date | TVL |
|---|---|
| Oct 9, 2026 | $61,153 |
| Oct 10, 2026 | $61,171 |
| Oct 11, 2026 | $61,374 |
| Oct 12, 2026 | $62,245 |
| Oct 13, 2026 | $59,664 |
| Oct 14, 2026 | $61,327 |
| Oct 15, 2026 | $58,431 |
| Oct 16, 2026 | $60,116 |
| Oct 17, 2026 | $59,838 |
| Oct 18, 2026 | $59,528 |
| Oct 19, 2026 | $59,620 |
| Oct 20, 2026 | $58,993 |
| Oct 21, 2026 | $60,015 |
| Oct 22, 2026 | $59,860 |
| Oct 23, 2026 | $58,916 |
| Oct 24, 2026 | $58,785 |
| Oct 25, 2026 | $58,281 |
| Oct 26, 2026 | $57,644 |
| Oct 27, 2026 | $57,212 |
| Oct 28, 2026 | $58,310 |
| Oct 29, 2026 | $57,971 |
| Oct 30, 2026 | $55,764 |
| Oct 31, 2026 | $55,799 |
| Nov 1, 2026 | $56,281 |
| Nov 2, 2026 | $56,835 |
| Nov 3, 2026 | $55,961 |
| Nov 4, 2026 | $56,430 |
| Nov 5, 2026 | $59,617 |
| Nov 6, 2026 | $55,748 |
| Nov 7, 2026 | $55,753 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $79,913 |
| Jan 31, 2025 | $77,728 |
| Feb 28, 2025 | $57,629 |
| Mar 31, 2025 | $47,245 |
| Apr 30, 2025 | $46,935 |
| May 31, 2025 | $62,055 |
| Jun 30, 2025 | $61,698 |
| Jul 31, 2025 | $90,101 |
| Aug 31, 2025 | $102,917 |
| Sep 30, 2025 | $97,299 |
| Oct 31, 2025 | $88,992 |
| Nov 30, 2025 | $71,916 |
| Dec 31, 2025 | $71,475 |
| Jan 31, 2026 | $65,592 |
| Feb 28, 2026 | $49,475 |
| Mar 31, 2026 | $52,568 |
| Apr 30, 2026 | $56,597 |
| May 31, 2026 | $51,550 |
| Jun 30, 2026 | $42,483 |
| Jul 31, 2026 | $49,052 |
| Aug 31, 2026 | $59,749 |
| Sep 30, 2026 | $64,933 |
| Oct 31, 2026 | $55,799 |
| Nov 7, 2026 (latest) | $55,753 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $22,837 |
| Dec 31, 2022 | $42,004 |
| Dec 31, 2023 | $58,337 |
| Dec 31, 2024 | $79,913 |
| Dec 31, 2025 | $71,475 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/primitive
Frequently asked questions
What is Primitive's TVL?
As of Nov 7, 2026, Primitive has $55,842 in total value locked. TVL has decreased 11.1% over the past 30 days.
What chains does Primitive operate on?
Primitive operates on Ethereum. Ethereum holds the largest share at 100%.
How does Primitive's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Primitive ranks #663 by TVL. The category holds $12.634b across 1,932 protocols, and Primitive accounts for <0.1% of that total. Similar protocols include Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, Uniswap V2, PancakeSwap AMM V3, Fluid DEX, Aero Slipstream, THORChain DEX, and Aero Basic.