Ask about Surge Trade · freeTotal Value Locked$0
TVL by Chain
Radix$0
Key Metrics
Cumulative Fees$71,509
Cumulative Fees by chain
Radix$71,509
Cumulative Revenue$15,896
Cumulative Revenue by chain
Radix$15,896
Cumulative Perp Volume$97.79m
Cumulative Perp Volume by chain
Radix$97.79m
Protocol Information
Surge is an on-ledger perpetual exchange, bringing cross-margin trading to Radix using oracle prices. Powered by SRG
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees paid by usersView code on GitHubRevenue: Treasury and token holders revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Surge Trade history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 29, 2024 to Oct 23, 2026.
All-time high TVL: $743,116 on Jan 23, 2025. All-time low TVL: $26,780 on Mar 17, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $0 |
| Sep 25, 2026 | $0 |
| Sep 26, 2026 | $0 |
| Sep 27, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 3, 2026 | $0 |
| Oct 4, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 10, 2026 | $0 |
| Oct 11, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 14, 2026 | $0 |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $475,750 |
| Dec 31, 2024 | $604,085 |
| Jan 31, 2025 | $504,972 |
| Feb 28, 2025 | $401,562 |
| Mar 31, 2025 | $178,056 |
| Apr 30, 2025 | $158,315 |
| May 31, 2025 | $114,602 |
| Jun 30, 2025 | $155,935 |
| Jul 31, 2025 | $55,077 |
| Aug 31, 2025 | $140,501 |
| Sep 30, 2025 | $143,597 |
| Oct 31, 2025 | $110,143 |
| Nov 30, 2025 | $124,608 |
| Dec 31, 2025 | $124,660 |
| Jan 31, 2026 | $122,070 |
| Feb 28, 2026 | $28,583 |
| Mar 31, 2026 | $0 |
| Apr 30, 2026 | $0 |
| May 31, 2026 | $0 |
| Jun 30, 2026 | $0 |
| Jul 31, 2026 | $0 |
| Aug 31, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Oct 23, 2026 (latest) | $0 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $604,085 |
| Dec 31, 2025 | $124,660 |
Fees and revenue by UTC calendar month, Oct 2024 to Aug 2026
| Month | Fees | Revenue |
|---|---|---|
| Oct 2024 | $808 | $180 |
| Nov 2024 | $12,585 | $2,795 |
| Dec 2024 | $16,778 | $3,726 |
| Jan 2025 | $10,064 | $2,239 |
| Feb 2025 | $9,893 | $2,200 |
| Mar 2025 | $3,741 | $831 |
| Apr 2025 | $1,513 | $338 |
| May 2025 | $1,618 | $362 |
| Jun 2025 | $1,943 | $434 |
| Jul 2025 | $1,840 | $410 |
| Aug 2025 | $1,945 | $428 |
| Sep 2025 | $2,949 | $658 |
| Oct 2025 | $2,618 | $582 |
| Nov 2025 | $1,388 | $306 |
| Dec 2025 | $820 | $184 |
| Jan 2026 | $488 | $110 |
| Feb 2026 | $416 | $93 |
| Mar 2026 | $87 | $18 |
| Apr 2026 | $13 | $1 |
| May 2026 | $2.25 | $0.50 |
| Jun 2026 | $0 | $0 |
| Jul 2026 | $0 | $0 |
| Aug 2026 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/surge-trade
Frequently asked questions
What is Surge Trade's TVL?
As of Oct 23, 2026, Surge Trade has $0 in total value locked.
What chains does Surge Trade operate on?
Surge Trade operates on Radix.
How does Surge Trade's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Surge Trade ranks #346 by TVL. The category holds $1.996b across 424 protocols, and Surge Trade accounts for 0% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, dYdX V4, Arcus Perps, AZverse Perps, and Papertrade.