Total Value Locked$2.12m
TVL by Chain
Cardano$2m
Ethereum$122,446
Key Metrics
Fees 30d$57,246
Fees 30d by chain
Off Chain$57,246
Fees 7d$14,018
Off Chain$14,018
Fees 24h$2,383
Off Chain$2,383
Cumulative Fees$911,866
Cardano$519,821
Off Chain$392,045
Revenue 30d$57,246
Revenue 30d by chain
Off Chain$57,246
Revenue 7d$14,018
Off Chain$14,018
Revenue 24h$2,383
Off Chain$2,383
Cumulative Revenue$911,866
Cardano$519,821
Off Chain$392,045
Holders Revenue 30d$57,246
Holders Revenue 30d by chain
Off Chain$57,246
Holders Revenue 7d$14,018
Off Chain$14,018
Holders Revenue 24h$2,383
Off Chain$2,383
Cumulative Holders Revenue$827,678
Cardano$435,633
Off Chain$392,045
Perp Volume 30d$187.17m
Perp Volume 30d by chain
Off Chain$187.17m
Perp Volume 7d$47.08m
Off Chain$47.08m
Perp Volume 24h$4.71m
Off Chain$4.71m
Cumulative Perp Volume$1.552b
Off Chain$859.91m
Cardano$691.64m
Open Interest$1.04m
Market Cap$8.4m
$STRIKE Price$0.47
Fully Diluted Valuation$11.67m
$STRIKE Volume 24h$1,680
CEX Volume$0
DEX Volume$2,944(175.21% of total)
Staked$332,906(3.96% of mcap)
Protocol Information
Strike Finance is an open-source derivatives protocol built on top of Cardano offering options, forwards, and perpetual contract trading
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All trading fees collected by the platform.View code on GitHubRevenue: All trading fees collected by the platform.View code on GitHubHolders Revenue: 100% of all trading fees collected by the platform goes to $STRIKE holders.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Strike Finance Perpetuals history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from May 15, 2025 to Oct 26, 2026.
All-time high TVL: $7.58m on Jul 11, 2025. All-time low TVL: $80,358 on May 15, 2025.
Daily TVL, Sep 27, 2026 to Oct 26, 2026
| Date | TVL |
|---|---|
| Sep 27, 2026 | $2.41m |
| Sep 28, 2026 | $2.41m |
| Sep 29, 2026 | $2.4m |
| Sep 30, 2026 | $2.41m |
| Oct 1, 2026 | $2.44m |
| Oct 2, 2026 | $2.42m |
| Oct 3, 2026 | $2.43m |
| Oct 4, 2026 | $2.44m |
| Oct 5, 2026 | $2.42m |
| Oct 6, 2026 | $2.43m |
| Oct 7, 2026 | $2.41m |
| Oct 8, 2026 | $2.43m |
| Oct 9, 2026 | $2.36m |
| Oct 10, 2026 | $2.39m |
| Oct 11, 2026 | $2.4m |
| Oct 12, 2026 | $2.43m |
| Oct 13, 2026 | $2.33m |
| Oct 14, 2026 | $2.39m |
| Oct 15, 2026 | $2.37m |
| Oct 16, 2026 | $2.4m |
| Oct 17, 2026 | $2.38m |
| Oct 18, 2026 | $2.37m |
| Oct 19, 2026 | $2.44m |
| Oct 20, 2026 | $2.46m |
| Oct 21, 2026 | $2.43m |
| Oct 22, 2026 | $2.31m |
| Oct 23, 2026 | $2.19m |
| Oct 24, 2026 | $2.14m |
| Oct 25, 2026 | $2.14m |
| Oct 26, 2026 | $2.13m |
TVL at each month end, May 2025 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2025 | $299,378 |
| Jun 30, 2025 | $5.24m |
| Jul 31, 2025 | $3.69m |
| Aug 31, 2025 | $5.99m |
| Sep 30, 2025 | $3.32m |
| Oct 31, 2025 | $5.03m |
| Nov 30, 2025 | $2.94m |
| Dec 31, 2025 | $4.47m |
| Jan 31, 2026 | $2.2m |
| Feb 28, 2026 | $2.44m |
| Mar 31, 2026 | $2.04m |
| Apr 30, 2026 | $2.09m |
| May 31, 2026 | $1.79m |
| Jun 30, 2026 | $976,793 |
| Jul 31, 2026 | $2.55m |
| Aug 31, 2026 | $2.49m |
| Sep 30, 2026 | $2.41m |
| Oct 26, 2026 (latest) | $2.13m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2025 | $52,599 | $52,599 | - |
| Apr 2025 | $26,818 | $26,818 | - |
| May 2025 | $26,056 | $26,056 | $21,285 |
| Jun 2025 | $42,570 | $42,570 | $42,570 |
| Jul 2025 | $43,989 | $43,989 | $43,989 |
| Aug 2025 | $43,989 | $43,989 | $43,989 |
| Sep 2025 | $42,570 | $42,570 | $42,570 |
| Oct 2025 | $43,989 | $43,989 | $43,989 |
| Nov 2025 | $42,570 | $42,570 | $42,570 |
| Dec 2025 | $43,989 | $43,989 | $43,989 |
| Jan 2026 | $43,989 | $43,989 | $43,989 |
| Feb 2026 | $39,732 | $39,732 | $39,732 |
| Mar 2026 | $46,072 | $46,072 | $46,072 |
| Apr 2026 | $38,809 | $38,809 | $38,809 |
| May 2026 | $77,761 | $77,761 | $77,761 |
| Jun 2026 | $48,735 | $48,735 | $48,735 |
| Jul 2026 | $28,729 | $28,729 | $28,729 |
| Aug 2026 | $53,268 | $53,268 | $53,268 |
| Sep 2026 | $75,837 | $75,837 | $75,837 |
| Oct 2026 (to date) | $49,795 | $49,795 | $49,795 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/strike-finance-perpetuals
Frequently asked questions
What is Strike Finance Perpetuals' TVL?
As of Oct 26, 2026, Strike Finance Perpetuals has $2.12m in total value locked. TVL has decreased 12.2% over the past 30 days.
What chains does Strike Finance Perpetuals operate on?
Strike Finance Perpetuals operates on 3 chains: Cardano, Ethereum, and Off Chain. Cardano holds the largest share at 94.2%.
How much has Strike Finance Perpetuals generated in fees and revenue?
Over the past 30 days, Strike Finance Perpetuals generated $57,246 in fees. Of that, $57,246 was protocol revenue. Based on the trailing year, the annualized rate is $595,417 in fees and $595,417 in revenue.
What is the STRIKE token price and valuation?
STRIKE is currently trading at $0.47. Its circulating market capitalization is $8.4m, ranking it #1,595. Its fully diluted valuation is $11.67m. Supply currently stands at 18m circulating, 25m total supply, 25m maximum supply.
How has STRIKE performed recently?
STRIKE is down 9% over the past 7 days and down 19.2% over the past 30 days. Its all-time high is $2.17, reached on Aug 27, 2025. The token is currently 78.5% below that level.
How does Strike Finance Perpetuals' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Strike Finance Perpetuals ranks #40 by TVL. The category holds $1.972b across 425 protocols, and Strike Finance Perpetuals accounts for 0.1% of that total. Similar protocols include Extended Perps, AZverse Perps, Apex Omni, Aevo Perps, dYdX V3, Contango V2, Hakka Finance, AlphaX, ApeX Pro, and Synthetix V4.
How much perpetual futures volume does Strike Finance Perpetuals process?
Strike Finance Perpetuals processed $187.17m in perpetual futures volume over the past 30 days.

