Total Value Locked$592,090
TVL by Chain
Ethereum$592,090
Key Metrics
Perp Volume 30d$608.12m
Perp Volume 30d by chain
Ethereum$608.12m
Perp Volume 7d$130.9m
Ethereum$130.9m
Perp Volume 24h$17.38m
Ethereum$17.38m
Cumulative Perp Volume$39.314b
Ethereum$39.314b
Open Interest$6.39m
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
Competitors
Rho X history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 23, 2025 to Nov 12, 2026.
All-time high TVL: $1.57m on May 10, 2026. All-time low TVL: $198,611 on Sep 23, 2025.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $587,000 |
| Oct 15, 2026 | $586,286 |
| Oct 16, 2026 | $586,314 |
| Oct 17, 2026 | $586,309 |
| Oct 18, 2026 | $586,274 |
| Oct 19, 2026 | $586,173 |
| Oct 20, 2026 | $584,884 |
| Oct 21, 2026 | $585,035 |
| Oct 22, 2026 | $585,180 |
| Oct 23, 2026 | $574,970 |
| Oct 24, 2026 | $575,007 |
| Oct 25, 2026 | $574,814 |
| Oct 26, 2026 | $574,673 |
| Oct 27, 2026 | $582,488 |
| Oct 28, 2026 | $582,644 |
| Oct 29, 2026 | $582,262 |
| Oct 30, 2026 | $581,335 |
| Oct 31, 2026 | $588,763 |
| Nov 1, 2026 | $588,941 |
| Nov 2, 2026 | $588,804 |
| Nov 3, 2026 | $586,658 |
| Nov 4, 2026 | $586,591 |
| Nov 5, 2026 | $584,604 |
| Nov 6, 2026 | $584,073 |
| Nov 7, 2026 | $588,902 |
| Nov 8, 2026 | $588,854 |
| Nov 9, 2026 | $588,705 |
| Nov 10, 2026 | $588,705 |
| Nov 11, 2026 | $591,648 |
| Nov 12, 2026 | $591,614 |
TVL at each month end, Sep 2025 to Nov 2026
| Date | TVL |
|---|---|
| Sep 30, 2025 | $393,284 |
| Oct 31, 2025 | $592,912 |
| Nov 30, 2025 | $649,212 |
| Dec 31, 2025 | $857,763 |
| Jan 31, 2026 | $772,877 |
| Feb 28, 2026 | $1.23m |
| Mar 31, 2026 | $1.38m |
| Apr 30, 2026 | $1.39m |
| May 31, 2026 | $1.33m |
| Jun 30, 2026 | $1.26m |
| Jul 31, 2026 | $1.09m |
| Aug 31, 2026 | $1.03m |
| Sep 30, 2026 | $697,567 |
| Oct 31, 2026 | $588,763 |
| Nov 12, 2026 (latest) | $591,614 |
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-x
Frequently asked questions
What is Rho X's TVL?
As of Nov 12, 2026, Rho X has $592,090 in total value locked. TVL has increased 0.9% over the past 30 days.
What chains does Rho X operate on?
Rho X operates on Ethereum. Ethereum holds the largest share at 100%.
How does Rho X's TVL compare to similar protocols?
Among Interest Rate Derivatives protocols tracked by DefiLlama, Rho X ranks #2 by TVL. The category holds $7.9m across 3 protocols, and Rho X accounts for 7.5% of that total. Similar protocols include PARE and Boros.
How much perpetual futures volume does Rho X process?
Rho X processed $608.12m in perpetual futures volume over the past 30 days.