Ask about The Arena · freeTotal Value Locked$1.93m
TVL by Chain
Avalanche$1.93m
Key Metrics
Fees 30d$2,930
Fees 30d by chain
Avalanche$1,883
Hyperliquid L1$1,047
Fees 7d$338
Hyperliquid L1$224.08
Avalanche$113.92
Fees 24h$19.84
Avalanche$11.76
Hyperliquid L1$8.08
Cumulative Fees$5.83m
Avalanche$5.65m
Hyperliquid L1$176,716
Revenue 30d$1,784
Revenue 30d by chain
Hyperliquid L1$1,047
Avalanche$737.21
Revenue 7d$278.49
Hyperliquid L1$224.08
Avalanche$54.41
Revenue 24h$15.29
Hyperliquid L1$8.08
Avalanche$7.21
Cumulative Revenue$3.21m
Avalanche$3.03m
Hyperliquid L1$176,716
Holders Revenue 30d$0
Holders Revenue 30d by chain
Avalanche$0
Hyperliquid L1$0
Holders Revenue 7d$0
Avalanche$0
Hyperliquid L1$0
Holders Revenue 24h$0
Avalanche$0
Hyperliquid L1$0
Cumulative Holders Revenue$2.88
Avalanche$2.88
Hyperliquid L1$0
DEX Volume 30d$120,356
DEX Volume 30d by chain
Avalanche$120,356
DEX Volume 7d$12,889
Avalanche$12,889
DEX Volume 24h$1,880
Avalanche$1,880
Cumulative DEX Volume$558.81m
Avalanche$558.81m
Perp Volume 30d$1.16m
Perp Volume 30d by chain
Hyperliquid L1$1.16m
Perp Volume 7d$248,679
Hyperliquid L1$248,679
Perp Volume 24h$9,333
Hyperliquid L1$9,333
Cumulative Perp Volume$177.22m
Hyperliquid L1$177.22m
Market Cap$3.97m
$ARENA Price$0.00062
Fully Diluted Valuation$6.18m
$ARENA Volume 24h$12,581
CEX Volume$0
DEX Volume$13,044(103.68% of total)
Total Raised$2m
Oct 15, 2024$2mRound: Pre-SeedInvestors: Blizzard Fund, Abstract Ventures, D1 Capital, C Squared, Sarson Funds, Alpha Crypto
Protocol Information
The Arena is a next gen SocialFi app redefining how creators connect, engage, and monetize their content
- Arena DEXDexs
- Arena SocialFiSoFi
- Arena LaunchLaunchpad
- Arena PerpsInterface
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Hacks
Date: Oct 7, 2023
Protocol: Arena SocialFi
Amount: $2.97m
Classification: Reentrancy
Technique: Reentrancy
On October 7, 2023, Stars Arena (an Avalanche friend.tech clone) was exploited via reentrancy when the share issuance function lacked reentrancy guards. The attacker called the function multiple times in one transaction to manipulate weight calculations, buying 1 share and selling it at ~274k AVAX to drain $2.97M.
Chains: Avalanche
Language: Solidity
Target Type: Other
The Arena history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 27, 2023 to Nov 4, 2026.
All-time high TVL: $11.81m on Sep 19, 2025. All-time low TVL: $33,706 on Sep 27, 2023.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| Oct 6, 2026 | $2.5m |
| Oct 7, 2026 | $2.59m |
| Oct 8, 2026 | $2.47m |
| Oct 9, 2026 | $2.26m |
| Oct 10, 2026 | $2.3m |
| Oct 11, 2026 | $2.31m |
| Oct 12, 2026 | $2.44m |
| Oct 13, 2026 | $2.23m |
| Oct 14, 2026 | $2.28m |
| Oct 15, 2026 | $2.22m |
| Oct 16, 2026 | $2.23m |
| Oct 17, 2026 | $2.21m |
| Oct 18, 2026 | $2.17m |
| Oct 19, 2026 | $2.15m |
| Oct 20, 2026 | $2.12m |
| Oct 21, 2026 | $2.17m |
| Oct 22, 2026 | $2.14m |
| Oct 23, 2026 | $2.02m |
| Oct 24, 2026 | $2m |
| Oct 25, 2026 | $1.99m |
| Oct 26, 2026 | $1.98m |
| Oct 27, 2026 | $1.98m |
| Oct 28, 2026 | $1.99m |
| Oct 29, 2026 | $1.99m |
| Oct 30, 2026 | $1.81m |
| Oct 31, 2026 | $1.9m |
| Nov 1, 2026 | $1.89m |
| Nov 2, 2026 | $1.92m |
| Nov 3, 2026 | $1.86m |
| Nov 4, 2026 | $1.88m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.11m |
| Jan 31, 2025 | $1m |
| Feb 28, 2025 | $818,698 |
| Mar 31, 2025 | $681,439 |
| Apr 30, 2025 | $733,961 |
| May 31, 2025 | $4.16m |
| Jun 30, 2025 | $8.81m |
| Jul 31, 2025 | $8.98m |
| Aug 31, 2025 | $7.85m |
| Sep 30, 2025 | $9.77m |
| Oct 31, 2025 | $5.67m |
| Nov 30, 2025 | $4.33m |
| Dec 31, 2025 | $3.37m |
| Jan 31, 2026 | $2.79m |
| Feb 28, 2026 | $2.26m |
| Mar 31, 2026 | $2.15m |
| Apr 30, 2026 | $2.2m |
| May 31, 2026 | $2.09m |
| Jun 30, 2026 | $1.54m |
| Jul 31, 2026 | $1.54m |
| Aug 31, 2026 | $1.65m |
| Sep 30, 2026 | $2.57m |
| Oct 31, 2026 | $1.9m |
| Nov 4, 2026 (latest) | $1.88m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $690,575 |
| Dec 31, 2024 | $1.11m |
| Dec 31, 2025 | $3.37m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $135,547 | $28,870 | — |
| Jan 2025 | $131,165 | $30,525 | — |
| Feb 2025 | $221,323 | $55,080 | — |
| Mar 2025 | $122,457 | $30,129 | — |
| Apr 2025 | $43,110 | $10,375 | — |
| May 2025 | $519,345 | $461,529 | $0 |
| Jun 2025 | $1.51m | $1.38m | $0 |
| Jul 2025 | $390,220 | $327,795 | $0 |
| Aug 2025 | $114,705 | $85,321 | $0 |
| Sep 2025 | $166,573 | $107,359 | $0 |
| Oct 2025 | $64,285 | $37,612 | $0 |
| Nov 2025 | $23,917 | $14,651 | $0 |
| Dec 2025 | $20,031 | $8,744 | $0 |
| Jan 2026 | $45,181 | $38,096 | $0 |
| Feb 2026 | $52,997 | $49,380 | $0 |
| Mar 2026 | $46,413 | $44,881 | $0 |
| Apr 2026 | $17,933 | $16,561 | $0 |
| May 2026 | $25,380 | $23,776 | $2.88 |
| Jun 2026 | $11,608 | $10,377 | $0 |
| Jul 2026 | $6,725 | $4,357 | $0 |
| Aug 2026 | $5,865 | $3,845 | $0 |
| Sep 2026 | $9,543 | $7,879 | $0 |
| Oct 2026 | $3,254 | $1,926 | $0 |
| Nov 2026 (to date) | $113.65 | $99.18 | $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/the-arena
Frequently asked questions
What is The Arena's TVL?
As of Nov 4, 2026, The Arena has $1.93m in total value locked. TVL has decreased 22.9% over the past 30 days.
What chains does The Arena operate on?
The Arena operates on 2 chains: Avalanche and Hyperliquid L1. Avalanche holds the largest share at 100%.
How much has The Arena generated in fees and revenue?
Over the past 30 days, The Arena generated $2,930 in fees. Of that, $1,784 was protocol revenue. Based on the trailing year, the annualized rate is $266,722 in fees and $223,178 in revenue.
What is the ARENA token price and valuation?
ARENA is currently trading at $0.00063. Its circulating market capitalization is $4.03m, ranking it #2,250. Its fully diluted valuation is $6.27m. Supply currently stands at 6.415b circulating, 9.991b total supply, 10b maximum supply.
How has ARENA performed recently?
ARENA is down 6.1% over the past 7 days and down 28.9% over the past 30 days. Its all-time high is $0.027, reached on Jun 9, 2025. The token is currently 97.6% below that level.
Which protocols are included in The Arena?
The Arena is a parent protocol whose tracked products include Arena DEX, Arena SocialFi, Arena Launch, and Arena Perps.
How much trading volume does The Arena process?
The Arena processed $120,356 in DEX volume over the past 30 days.
Has The Arena ever been exploited?
The Arena has 1 recorded security incident. The most recent incident occurred on Oct 7, 2023 and involved $2.97m. It was classified as Reentrancy.