Total Value Locked$4,374.84
TVL by Chain
Hyperliquid L1$4,374.84
Key Metrics
Fees (Annualized)$19,568
Fees 30d$0
Hyperliquid L1$0
Fees 7d$0
Hyperliquid L1$0
Fees 24h$0
Hyperliquid L1$0
Cumulative Fees$50,438
Hyperliquid L1$50,438
Revenue (Annualized)$19,568
Revenue 30d$0
Hyperliquid L1$0
Revenue 7d$0
Hyperliquid L1$0
Revenue 24h$0
Hyperliquid L1$0
Cumulative Revenue$50,438
Hyperliquid L1$50,438
Options Premium Volume 30d$0
$0
$0
$1.06m
Options Notional Volume 30d$0
$0
$0
$2.827b
Protocol Information
Racks is a platform for fast paced 1000x leveraged trading on HyperEVM via 1-minute expiry options
Methodology
TVL: Sum of all USDT deposits in Collateral VaultView code on GitHubFees: V1: Trading fees calculated as 5% of trade value (size * limitPrice) from LimitOrderFilled events. Net after taker fee/maker rebate is 5% to protocol. V2 (After Sept 25, 2025): Fees extracted from Settled events where the fee recipient receives positive pnl, including trading fees and liquidation penalties. Same 5% net fee to protocol.View code on GitHubRevenue: All fees collected go directly to the protocol treasuryView code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHubCompetitors
Frequently Asked Questions
What is Racks' TVL?
Racks currently has $4,374.84 in total value locked. TVL has increased 0.2% over the past 30 days.
What chains does Racks operate on?
Racks operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Racks generated in fees and revenue?
Over the past 30 days, Racks generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $19,568 in fees and $19,568 in revenue.
How does Racks' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Racks ranks #179 by TVL. The category holds $2.049b across 418 protocols, and Racks accounts for <0.1% of that total. Other leading protocols include Hyperliquid HLP, Derive V2, Bounce.Tech, SIR, Jupiter Perpetual Exchange, GMX V2 Perps, Extended Perps, dYdX V4, AZverse Perps, and Lighter Robinhood Perps.
