Logo of TRUE DEXTRUE DEX
Total Value Locked$290,944.57

TVL by Chain

Solana$290,944.57

Key Metrics

Fees 30d$438,234
Fees 30d by chain

Off Chain$438,234

Fees 7d$298,564

Off Chain$298,564

Fees 24h$76,835

Off Chain$76,835

Cumulative Fees$438,234

Off Chain$438,234

Revenue 30d$438,234
Revenue 30d by chain

Off Chain$438,234

Revenue 7d$298,564

Off Chain$298,564

Revenue 24h$76,835

Off Chain$76,835

Cumulative Revenue$438,234

Off Chain$438,234

Perp Volume 30d$438.23m
Perp Volume 30d by chain

Off Chain$438.23m

Perp Volume 7d$298.56m

Off Chain$298.56m

Perp Volume 24h$76.83m

Off Chain$76.83m

Cumulative Perp Volume$438.23m

Off Chain$438.23m

Protocol Information

TRUE DEX is a perpetuals exchange on Solana: orders match on a high-throughput sequencer and every block settles on-chain through a ZK verifier program, so collateral is always held on Solana and every state transition is provable.

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Category:Derivatives

Methodology

TVL: USDC deposited as perpetuals trading collateral, read from the verifier custody token account on Solana.View code on GitHubFees: Taker trading fees: each market's taker_fee_ppm (0.1% on most markets) applied to that market's volume. Maker fees are not charged to takers and are excluded.View code on GitHubRevenue: All trading fees are collected by the protocol. Partner commissions and trader fee rebates are paid from the treasury after the fact and are not netted here.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Jupiter Perpetual Exchange ($754.65m)GMTrade ($28.84m)Pacifica Perps ($24.74m)BULK ($10.39m)TurboFlow Perps ($6.26m)Bumpin Trade ($4.34m)Parcl V3 ($1.09m)FlashTrade ($962,977.64)Wasabi Perps ($687,249.68)Lavarage ($661,075.5)

Frequently Asked Questions

What is TRUE DEX's TVL?

TRUE DEX currently has $290,944.57 in total value locked.

What chains does TRUE DEX operate on?

TRUE DEX operates on Solana. Solana holds the largest share at 100%.

How much has TRUE DEX generated in fees and revenue?

Over the past 30 days, TRUE DEX generated $438,234 in fees. Of that, $438,234 was protocol revenue. Based on the trailing year, the annualized rate is $10.66m in fees and $10.66m in revenue.

How does TRUE DEX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, TRUE DEX ranks #75 by TVL. The category holds $2.054b across 423 protocols, and TRUE DEX accounts for <0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMTrade, Pacifica Perps, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, FlashTrade, Wasabi Perps, and Lavarage.

How much perpetual futures volume does TRUE DEX process?

TRUE DEX processed $438.23m in perpetual futures volume over the past 30 days.