Ask about Valorem · freeValorem
Total Value Locked$48.62
TVL by Chain
Arbitrum$48.62
Key Metrics
Cumulative Fees$609
Cumulative Fees by chain
Arbitrum$609
Cumulative Revenue$609
Cumulative Revenue by chain
Arbitrum$609
Cumulative Options Notional Volume$4.73m
Protocol Information
The permissionless options protocol.
Audits:
Methodology
TVL: TVL counts all of the tokens locked in the Clearinghouse for Option/Claim positions.View code on GitHubFees: All fees come from users of Valorem Protocol.View code on GitHubRevenue: All revenue generated comes from user fees.View code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHubCompetitors
Valorem history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 8, 2023 to Oct 25, 2026.
All-time high TVL: $113,462 on Nov 10, 2023. All-time low TVL: $29 on Apr 9, 2025.
Daily TVL, Sep 26, 2026 to Oct 25, 2026
| Date | TVL |
|---|---|
| Sep 26, 2026 | $55 |
| Sep 27, 2026 | $56 |
| Sep 28, 2026 | $55 |
| Sep 29, 2026 | $55 |
| Sep 30, 2026 | $55 |
| Oct 1, 2026 | $55 |
| Oct 2, 2026 | $56 |
| Oct 3, 2026 | $55 |
| Oct 4, 2026 | $56 |
| Oct 5, 2026 | $56 |
| Oct 6, 2026 | $56 |
| Oct 7, 2026 | $54 |
| Oct 8, 2026 | $53 |
| Oct 9, 2026 | $51 |
| Oct 10, 2026 | $51 |
| Oct 11, 2026 | $52 |
| Oct 12, 2026 | $52 |
| Oct 13, 2026 | $51 |
| Oct 14, 2026 | $52 |
| Oct 15, 2026 | $50 |
| Oct 16, 2026 | $50 |
| Oct 17, 2026 | $50 |
| Oct 18, 2026 | $50 |
| Oct 19, 2026 | $50 |
| Oct 20, 2026 | $49 |
| Oct 21, 2026 | $51 |
| Oct 22, 2026 | $51 |
| Oct 23, 2026 | $49 |
| Oct 24, 2026 | $49 |
| Oct 25, 2026 | $49 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $74 |
| Dec 31, 2024 | $69 |
| Jan 31, 2025 | $67 |
| Feb 28, 2025 | $47 |
| Mar 31, 2025 | $37 |
| Apr 30, 2025 | $37 |
| May 31, 2025 | $52 |
| Jun 30, 2025 | $52 |
| Jul 31, 2025 | $80 |
| Aug 31, 2025 | $91 |
| Sep 30, 2025 | $87 |
| Oct 31, 2025 | $79 |
| Nov 30, 2025 | $62 |
| Dec 31, 2025 | $61 |
| Jan 31, 2026 | $56 |
| Feb 28, 2026 | $40 |
| Mar 31, 2026 | $43 |
| Apr 30, 2026 | $47 |
| May 31, 2026 | $42 |
| Jun 30, 2026 | $32 |
| Jul 31, 2026 | $39 |
| Aug 31, 2026 | $50 |
| Sep 30, 2026 | $55 |
| Oct 25, 2026 (latest) | $49 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $36,158 |
| Dec 31, 2024 | $69 |
| Dec 31, 2025 | $61 |
Fees and revenue by UTC calendar month, Sep 2023 to Aug 2025
| Month | Fees | Revenue |
|---|---|---|
| Sep 2023 | $149 | $149 |
| Oct 2023 | $460 | $460 |
| Mar 2024 | - | - |
| Apr 2024 | - | - |
| May 2024 | - | - |
| Jun 2024 | - | - |
| Jul 2024 | - | - |
| Aug 2024 | - | - |
| Sep 2024 | - | - |
| Oct 2024 | - | - |
| Nov 2024 | - | - |
| Dec 2024 | - | - |
| Jan 2025 | - | - |
| Feb 2025 | - | - |
| Mar 2025 | - | - |
| Apr 2025 | - | - |
| May 2025 | - | - |
| Jun 2025 | - | - |
| Jul 2025 | - | - |
| Aug 2025 | - | - |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/valorem
Frequently asked questions
What is Valorem's TVL?
As of Oct 25, 2026, Valorem has $48.62 in total value locked. TVL has decreased 11.6% over the past 30 days.
What chains does Valorem operate on?
Valorem operates on Arbitrum. Arbitrum holds the largest share at 100%.
How does Valorem's TVL compare to similar protocols?
Among Options Vault protocols tracked by DefiLlama, Valorem ranks #14 by TVL. The category holds $46.85m across 19 protocols, and Valorem accounts for <0.1% of that total. Similar protocols include Olive, Rysk V12, Ribbon, Katana, Typus DOV, 3Jane Options, HedgeHood Stock Yield, Spin DOV, Bonsai Strike, and AlgoRai Finance.