Ask about TRUE DEX · freeTotal Value Locked$312,591
TVL by Chain
Solana$312,591
Key Metrics
Fees 30d$70,505
Fees 30d by chain
Off Chain$70,505
Fees 7d$27,467
Off Chain$27,467
Fees 24h$1,168
Off Chain$1,168
Cumulative Fees$789,275
Off Chain$789,275
Revenue 30d$70,505
Revenue 30d by chain
Off Chain$70,505
Revenue 7d$27,467
Off Chain$27,467
Revenue 24h$1,168
Off Chain$1,168
Cumulative Revenue$789,275
Off Chain$789,275
Perp Volume 30d$95.16m
Perp Volume 30d by chain
Off Chain$95.16m
Perp Volume 7d$33.93m
Off Chain$33.93m
Perp Volume 24h$1.67m
Off Chain$1.67m
Cumulative Perp Volume$816.41m
Off Chain$816.41m
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 9, 2026.
All-time high TVL: $369,129 on Oct 12, 2026. All-time low TVL: $51,830 on Oct 8, 2026.
Daily TVL, Oct 11, 2026 to Nov 9, 2026
| Date | TVL |
|---|---|
| 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 |
| Nov 2, 2026 | $155,579 |
| Nov 3, 2026 | $277,638 |
| Nov 4, 2026 | $281,095 |
| Nov 5, 2026 | $276,561 |
| Nov 6, 2026 | $295,515 |
| Nov 7, 2026 | $301,500 |
| Nov 8, 2026 | $304,663 |
| Nov 9, 2026 | $304,468 |
TVL at each month end, Sep 2026 to Nov 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $110,408 |
| Oct 31, 2026 | $153,925 |
| Nov 9, 2026 (latest) | $304,468 |
Fees and revenue by UTC calendar month, Aug 2026 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2026 | $164,316 | $164,316 |
| Sep 2026 | $535,395 | $535,395 |
| Oct 2026 | $59,803 | $59,803 |
| Nov 2026 (to date) | $29,761 | $29,761 |
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 9, 2026, TRUE DEX has $312,591 in total value locked. TVL has increased 24.2% 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 $70,505 in fees. Of that, $70,505 was protocol revenue. Based on the trailing year, the annualized rate is $3.69m in fees and $3.69m in revenue.
How does TRUE DEX's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, TRUE DEX ranks #68 by TVL. The category holds $1.821b 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, Parcl V3, Drift Trade, Lavarage, and Wasabi Perps.
How much perpetual futures volume does TRUE DEX process?
TRUE DEX processed $95.16m in perpetual futures volume over the past 30 days.