Ask about Substance Exchange · freeTotal Value Locked$0
TVL by Chain
Arbitrum$0
ZetaChain$0
Key Metrics
Cumulative Fees$464,618
Cumulative Fees by chain
Arbitrum$397,247
ZetaChain$67,371
Cumulative Perp Volume$526.74m
Cumulative Perp Volume by chain
Arbitrum$461.23m
ZetaChain$65.51m
Protocol Information
Substance Exchange is a derivatives protocol that leads the shift towards decentralized trading. SubstanceX offers futures and options, and achieves a pop-up-free trading experience through 1-click technology.
Substance Exchange history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 23, 2023 to Nov 13, 2026.
All-time high TVL: $1.25m on Dec 3, 2023. All-time low TVL: $16,760 on May 29, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 17, 2026 | $0 |
| Oct 18, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 20, 2026 | $0 |
| Oct 21, 2026 | $0 |
| Oct 22, 2026 | $0 |
| Oct 23, 2026 | $0 |
| Oct 24, 2026 | $0 |
| Oct 25, 2026 | $0 |
| Oct 26, 2026 | $0 |
| Oct 27, 2026 | $0 |
| Oct 28, 2026 | $0 |
| Oct 29, 2026 | $0 |
| Oct 30, 2026 | $0 |
| Oct 31, 2026 | $0 |
| Nov 1, 2026 | $0 |
| Nov 2, 2026 | $0 |
| Nov 3, 2026 | $0 |
| Nov 4, 2026 | $0 |
| Nov 5, 2026 | $0 |
| Nov 6, 2026 | $0 |
| Nov 7, 2026 | $0 |
| Nov 8, 2026 | $0 |
| Nov 9, 2026 | $0 |
| Nov 10, 2026 | $0 |
| Nov 11, 2026 | $0 |
| Nov 12, 2026 | $0 |
| Nov 13, 2026 | $0 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $578,938 |
| Jan 31, 2025 | $520,684 |
| Feb 28, 2025 | $512,269 |
| Mar 31, 2025 | $39,452 |
| Apr 30, 2025 | $39,350 |
| May 31, 2025 | $39,372 |
| Jun 30, 2025 | $38,831 |
| Jul 31, 2025 | $39,283 |
| Aug 31, 2025 | $39,377 |
| Sep 30, 2025 | $37,649 |
| Oct 31, 2025 | $37,139 |
| Nov 30, 2025 | $36,557 |
| Dec 31, 2025 | $35,229 |
| Jan 31, 2026 | $32,988 |
| Feb 28, 2026 | $18,857 |
| Mar 31, 2026 | $20,049 |
| Apr 30, 2026 | $18,827 |
| May 31, 2026 | $18,001 |
| Jun 30, 2026 | $17,431 |
| Jul 31, 2026 | $0 |
| Aug 31, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 31, 2026 | $0 |
| Nov 13, 2026 (latest) | $0 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $1.05m |
| Dec 31, 2024 | $578,938 |
| Dec 31, 2025 | $35,229 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/substance-exchange
Frequently asked questions
What is Substance Exchange's TVL?
As of Nov 13, 2026, Substance Exchange has $0 in total value locked.
What chains does Substance Exchange operate on?
Substance Exchange operates on 2 chains: Arbitrum and ZetaChain.
How does Substance Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Substance Exchange ranks #319 by TVL. The category holds $1.775b across 425 protocols, and Substance Exchange accounts for 0% of that total. Similar protocols include GMX EVM, AZverse Perps, Apex Omni, Aevo Perps, MUX Perps, Antarctic, Gains Network, Contango V2, Evedex, and AlphaX.