Ask about TRUE DEX

Logo of TRUE DEXTRUE DEX

Total Value Locked$54,161

TVL by Chain

Solana$54,161

Key Metrics

Fees 30d$251,778
Fees 30d by chain

Off Chain$251,778

Fees 7d$14,947

Off Chain$14,947

Fees 24h$2,330

Off Chain$2,330

Cumulative Fees$690,012

Off Chain$690,012

Revenue 30d$251,778
Revenue 30d by chain

Off Chain$251,778

Revenue 7d$14,947

Off Chain$14,947

Revenue 24h$2,330

Off Chain$2,330

Cumulative Revenue$690,012

Off Chain$690,012

Perp Volume 30d$241.19m
Perp Volume 30d by chain

Off Chain$241.19m

Perp Volume 7d$14.23m

Off Chain$14.23m

Perp Volume 24h$2.16m

Off Chain$2.16m

Cumulative Perp Volume$679.43m

Off Chain$679.43m

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 ($777.68m)GMX Solana ($27.89m)Pacifica Perps ($27.07m)Phoenix Perp ($23.28m)BULK ($7.76m)TurboFlow Perps ($6.51m)Bumpin Trade ($4.48m)Parcl V3 ($763,348)Lavarage ($680,980)Drift Trade ($642,403)

Frequently Asked Questions

What is TRUE DEX's TVL?

TRUE DEX currently has $54,161 in total value locked. TVL has decreased 82.8% 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 $251,778 in fees. Of that, $251,778 was protocol revenue. Based on the trailing year, the annualized rate is $5.6m in fees and $5.6m in revenue.

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

Among Derivatives protocols tracked by DefiLlama, TRUE DEX ranks #115 by TVL. The category holds $2.015b across 421 protocols, and TRUE DEX accounts for <0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX Solana, Pacifica Perps, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, Lavarage, and Drift Trade.

How much perpetual futures volume does TRUE DEX process?

TRUE DEX processed $241.19m in perpetual futures volume over the past 30 days.