Ask about Vest Markets · freeTotal Value Locked$170,003
TVL by Chain
Ethereum$91,737
Arbitrum$40,328
BSC$27,823
Base$8,373
OP Mainnet$883.83
Polygon$602.06
ZKsync Era$256.43
Key Metrics
Fees 30d$32,584
Fees 30d by chain
Off Chain$32,584
Fees 7d$4,165
Off Chain$4,165
Fees 24h$5.30
Off Chain$5.30
Cumulative Fees$5.7m
Off Chain$5.7m
Revenue 30d$0
Revenue 30d by chain
Off Chain$0
Revenue 7d$0
Off Chain$0
Revenue 24h$0
Off Chain$0
Cumulative Revenue$0
Off Chain$0
Perp Volume 30d$2.889b
Perp Volume 30d by chain
Off Chain$2.889b
Perp Volume 7d$610.96m
Off Chain$610.96m
Perp Volume 24h$211.84m
Off Chain$211.84m
Cumulative Perp Volume$23.825b
Off Chain$21.403b
Base$2.422b
Open Interest$82.7m
Total Raised$18m
Jan 29, 2023Round: SeedInvestors: Jane Street, QCP Capital, Big Brain Holdings, AscendEX, Builder Capital, Infinity Ventures Crypto, Robert Chen, Pear VC, Cogitent Ventures, Moonshot Research, Fugazi Labs
Mar 11, 2025$5mRound: Investors: Jane Street, Selini Capital, Amber Group, QCP Capital, Big Brain Holdings, Mozaik Capital
Oct 7, 2026$13mRound: SeedInvestors: Portal Ventures
Protocol Information
Vest Exchange is a next generation Perps DEX that ensures the most capital efficient liquidity, and fairest pricing for traders and LPs.
Audits:
Vest Markets history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 29, 2024 to Nov 12, 2026.
All-time high TVL: $31.05m on Oct 17, 2025. All-time low TVL: $62,283 on Aug 2, 2026.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $217,165 |
| Oct 15, 2026 | $321,609 |
| Oct 16, 2026 | $348,491 |
| Oct 17, 2026 | $339,942 |
| Oct 18, 2026 | $352,395 |
| Oct 19, 2026 | $320,946 |
| Oct 20, 2026 | $309,070 |
| Oct 21, 2026 | $311,367 |
| Oct 22, 2026 | $305,379 |
| Oct 23, 2026 | $383,204 |
| Oct 24, 2026 | $310,719 |
| Oct 25, 2026 | $264,525 |
| Oct 26, 2026 | $175,287 |
| Oct 27, 2026 | $231,262 |
| Oct 28, 2026 | $207,962 |
| Oct 29, 2026 | $202,090 |
| Oct 30, 2026 | $349,628 |
| Oct 31, 2026 | $342,912 |
| Nov 1, 2026 | $339,733 |
| Nov 2, 2026 | $288,182 |
| Nov 3, 2026 | $415,813 |
| Nov 4, 2026 | $373,912 |
| Nov 5, 2026 | $334,327 |
| Nov 6, 2026 | $462,303 |
| Nov 7, 2026 | $220,908 |
| Nov 8, 2026 | $220,940 |
| Nov 9, 2026 | $167,025 |
| Nov 10, 2026 | $187,502 |
| Nov 11, 2026 | $248,950 |
| Nov 12, 2026 | $194,031 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.37m |
| Jan 31, 2025 | $2.44m |
| Feb 28, 2025 | $2.45m |
| Mar 31, 2025 | $1.49m |
| Apr 30, 2025 | $1.74m |
| May 31, 2025 | $1.83m |
| Jun 30, 2025 | $1.96m |
| Jul 31, 2025 | $1.93m |
| Aug 31, 2025 | $1.96m |
| Sep 30, 2025 | $14.88m |
| Oct 31, 2025 | $23.58m |
| Nov 30, 2025 | $11.6m |
| Dec 31, 2025 | $7.21m |
| Jan 31, 2026 | $6.19m |
| Feb 28, 2026 | $4.73m |
| Mar 31, 2026 | $3.26m |
| Apr 30, 2026 | $2.1m |
| May 31, 2026 | $1.53m |
| Jun 30, 2026 | $632,970 |
| Jul 31, 2026 | $169,046 |
| Aug 31, 2026 | $222,798 |
| Sep 30, 2026 | $170,489 |
| Oct 31, 2026 | $342,912 |
| Nov 12, 2026 (latest) | $194,031 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.37m |
| Dec 31, 2025 | $7.21m |
Fees and revenue by UTC calendar month, Jul 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Jul 2025 | $1,720 | $0 |
| Aug 2025 | $1.53m | $0 |
| Sep 2025 | $1.24m | $0 |
| Oct 2025 | $1.31m | $0 |
| Nov 2025 | $717,042 | $0 |
| Dec 2025 | $216,873 | $0 |
| Jan 2026 | $149,028 | $0 |
| Feb 2026 | $54,598 | $0 |
| Mar 2026 | $28,422 | $0 |
| Apr 2026 | $40,503 | $0 |
| May 2026 | $50,657 | $0 |
| Jun 2026 | $117,117 | $0 |
| Jul 2026 | $101,080 | $0 |
| Aug 2026 | $62,423 | $0 |
| Sep 2026 | $39,837 | $0 |
| Oct 2026 | $33,807 | $0 |
| Nov 2026 (to date) | $4,366 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/vest-markets
Frequently asked questions
What is Vest Markets' TVL?
As of Nov 12, 2026, Vest Markets has $170,003 in total value locked. TVL has decreased 18.1% over the past 30 days.
What chains does Vest Markets operate on?
Vest Markets operates on 8 chains: Ethereum, Arbitrum, BSC, Base, and OP Mainnet and 3 others. Ethereum holds the largest share at 54%.
How much has Vest Markets generated in fees and revenue?
Over the past 30 days, Vest Markets generated $32,584 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $1.12m in fees.
How does Vest Markets' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Vest Markets ranks #81 by TVL. The category holds $1.775b across 425 protocols, and Vest Markets accounts for <0.1% of that total. Similar protocols include Contango V2, Lynx, Everstrike, RubyDex, ApeX Pro, UniDex Perp, Defx, Satori Perp, Apex Omni, and Aevo Perps.
How much perpetual futures volume does Vest Markets process?
Vest Markets processed $2.889b in perpetual futures volume over the past 30 days.