Ask about Rho · freeTotal Value Locked$1.14m
TVL by Chain
Ethereum$1.07m
Arbitrum$63,567
Key Metrics
Perp Volume 30d$598.68m
Perp Volume 30d by chain
Ethereum$598.68m
Arbitrum$0
Perp Volume 7d$185.94m
Ethereum$185.94m
Arbitrum$0
Perp Volume 24h$19.56m
Ethereum$19.56m
Arbitrum$0
Cumulative Perp Volume$66.875b
Ethereum$38.911b
Arbitrum$27.964b
Open Interest$15.09m
Total Raised$6.2m
Nov 16, 2023$2.2mRound: Pre-SeedInvestors: Speedinvest, KeyRock, Re7 Captial, Daedalus, Dmitry Tokarev
Feb 5, 2025$4mRound: SeedInvestors: CoinFund, Flow Traders, Auros Global, Speedinvest
Protocol Information
Rho Protocol is a cryptonative interest rates market. The platform uniquely offers trading of staking, lending, and perpetual future funding rates all in one venue, as well as allowing users to passively earn yield by depositing into Rho's vaults
- Rho XInterest Rate Derivatives
- Rho X LP VaultYield
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Rho history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 31, 2023 to Oct 26, 2026.
All-time high TVL: $2.57m on Mar 14, 2026. All-time low TVL: $1,666 on Oct 31, 2023.
Daily TVL, Sep 27, 2026 to Oct 26, 2026
| Date | TVL |
|---|---|
| Sep 27, 2026 | $1.42m |
| Sep 28, 2026 | $1.42m |
| Sep 29, 2026 | $1.34m |
| Sep 30, 2026 | $1.34m |
| Oct 1, 2026 | $1.33m |
| Oct 2, 2026 | $1.33m |
| Oct 3, 2026 | $1.33m |
| Oct 4, 2026 | $1.33m |
| Oct 5, 2026 | $1.33m |
| Oct 6, 2026 | $1.3m |
| Oct 7, 2026 | $1.14m |
| Oct 8, 2026 | $1.14m |
| Oct 9, 2026 | $1.14m |
| Oct 10, 2026 | $1.14m |
| Oct 11, 2026 | $1.14m |
| Oct 12, 2026 | $1.14m |
| Oct 13, 2026 | $1.15m |
| Oct 14, 2026 | $1.15m |
| Oct 15, 2026 | $1.15m |
| Oct 16, 2026 | $1.15m |
| Oct 17, 2026 | $1.15m |
| Oct 18, 2026 | $1.15m |
| Oct 19, 2026 | $1.15m |
| Oct 20, 2026 | $1.15m |
| Oct 21, 2026 | $1.15m |
| Oct 22, 2026 | $1.15m |
| Oct 23, 2026 | $1.14m |
| Oct 24, 2026 | $1.14m |
| Oct 25, 2026 | $1.14m |
| Oct 26, 2026 | $1.14m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $549,717 |
| Dec 31, 2024 | $694,954 |
| Jan 31, 2025 | $773,466 |
| Feb 28, 2025 | $818,583 |
| Mar 31, 2025 | $810,306 |
| Apr 30, 2025 | $1.01m |
| May 31, 2025 | $1.5m |
| Jun 30, 2025 | $1.6m |
| Jul 31, 2025 | $1.67m |
| Aug 31, 2025 | $1.68m |
| Sep 30, 2025 | $2.05m |
| Oct 31, 2025 | $2.11m |
| Nov 30, 2025 | $1.16m |
| Dec 31, 2025 | $951,542 |
| Jan 31, 2026 | $840,077 |
| Feb 28, 2026 | $2.3m |
| Mar 31, 2026 | $2.44m |
| Apr 30, 2026 | $2.42m |
| May 31, 2026 | $2.39m |
| Jun 30, 2026 | $2.32m |
| Jul 31, 2026 | $1.93m |
| Aug 31, 2026 | $1.73m |
| Sep 30, 2026 | $1.34m |
| Oct 26, 2026 (latest) | $1.14m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $35,965 |
| Dec 31, 2024 | $694,954 |
| Dec 31, 2025 | $951,542 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/rho
Frequently asked questions
What is Rho's TVL?
As of Oct 26, 2026, Rho has $1.14m in total value locked. TVL has decreased 19.9% over the past 30 days.
What chains does Rho operate on?
Rho operates on 2 chains: Arbitrum and Ethereum. Ethereum holds the largest share at 94.4%.
Which protocols are included in Rho?
Rho is a parent protocol whose tracked products include Rho X and Rho X LP Vault.
How much perpetual futures volume does Rho process?
Rho processed $598.68m in perpetual futures volume over the past 30 days.