Ask about TRUE DEX · freeTotal Value Locked$155,616
TVL by Chain
Solana$155,616
Key Metrics
Fees 30d$56,237
Fees 30d by chain
Off Chain$56,237
Fees 7d$14,472
Off Chain$14,472
Fees 24h$384
Off Chain$384
Cumulative Fees$759,514
Off Chain$759,514
Revenue 30d$56,237
Revenue 30d by chain
Off Chain$56,237
Revenue 7d$14,472
Off Chain$14,472
Revenue 24h$384
Off Chain$384
Cumulative Revenue$759,514
Off Chain$759,514
Perp Volume 30d$72.91m
Perp Volume 30d by chain
Off Chain$72.91m
Perp Volume 7d$20.29m
Off Chain$20.29m
Perp Volume 24h$504,310
Off Chain$504,310
Cumulative Perp Volume$779.48m
Off Chain$779.48m
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.
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 GitHubCompetitors
TRUE DEX history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 7, 2026 to Nov 1, 2026.
All-time high TVL: $369,129 on Oct 12, 2026. All-time low TVL: $51,830 on Oct 8, 2026.
Daily TVL, Oct 3, 2026 to Nov 1, 2026
| Date | TVL |
|---|---|
| Oct 3, 2026 | $122,582 |
| Oct 4, 2026 | $124,025 |
| Oct 5, 2026 | $112,260 |
| Oct 6, 2026 | $81,318 |
| Oct 7, 2026 | $56,957 |
| Oct 8, 2026 | $51,830 |
| Oct 9, 2026 | $63,437 |
| Oct 10, 2026 | $251,651 |
| Oct 11, 2026 | $349,953 |
| Oct 12, 2026 | $369,129 |
| Oct 13, 2026 | $365,223 |
| Oct 14, 2026 | $367,073 |
| Oct 15, 2026 | $331,607 |
| Oct 16, 2026 | $311,292 |
| Oct 17, 2026 | $184,197 |
| Oct 18, 2026 | $170,352 |
| Oct 19, 2026 | $160,678 |
| Oct 20, 2026 | $167,382 |
| Oct 21, 2026 | $174,255 |
| Oct 22, 2026 | $173,919 |
| Oct 23, 2026 | $178,037 |
| Oct 24, 2026 | $279,514 |
| Oct 25, 2026 | $283,148 |
| Oct 26, 2026 | $284,865 |
| Oct 27, 2026 | $276,924 |
| Oct 28, 2026 | $178,984 |
| Oct 29, 2026 | $169,629 |
| Oct 30, 2026 | $177,558 |
| Oct 31, 2026 | $153,925 |
| Nov 1, 2026 | $153,445 |
TVL at each month end, Sep 2026 to Nov 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $110,408 |
| Oct 31, 2026 | $153,925 |
| Nov 1, 2026 (latest) | $153,445 |
Fees and revenue by UTC calendar month, Aug 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2026 | $164,316 | $164,316 |
| Sep 2026 | $535,395 | $535,395 |
| Oct 2026 | $59,803 | $59,803 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/true-dex
Frequently asked questions
What is TRUE DEX's TVL?
As of Nov 1, 2026, TRUE DEX has $155,616 in total value locked. TVL has increased 28.5% over the past 30 days.
What chains does TRUE DEX operate on?
TRUE DEX operates on 2 chains: Solana and Off Chain. 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 $56,237 in fees. Of that, $56,237 was protocol revenue. Based on the trailing year, the annualized rate is $3.96m in fees and $3.96m in revenue.
How does TRUE DEX's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, TRUE DEX ranks #87 by TVL. The category holds $1.895b across 422 protocols, and TRUE DEX accounts for <0.1% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX Solana, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Drift Trade, and Lavarage.
How much perpetual futures volume does TRUE DEX process?
TRUE DEX processed $72.91m in perpetual futures volume over the past 30 days.