Total Value Locked$288,451.14
TVL by Chain
Ethereum$167,467.06
Arbitrum$73,064.46
Base$38,542.89
BSC$5,837.71
Polygon$2,398.74
OP Mainnet$883.8
ZKsync Era$256.48
Key Metrics
Fees (Annualized)$6.05m
Fees 30d$99,763
Off Chain$99,763
Fees 7d$6,143
Off Chain$6,143
Fees 24h$3,221
Off Chain$3,221
Cumulative Fees$5.56m
Off Chain$5.56m
Revenue (30d Run Rate)$0
Revenue 30d$0
Off Chain$0
Revenue 7d$0
Off Chain$0
Revenue 24h$0
Off Chain$0
Cumulative Revenue$0
Off Chain$0
Perp Volume 30d$2.589b
Perp Volume 30d by chain
Off Chain$2.589b
Perp Volume 7d$556.26m
Off Chain$556.26m
Perp Volume 24h$99.87m
Off Chain$99.87m
Cumulative Perp Volume$15.042b
Off Chain$12.62b
Base$2.422b
$74.53m
Total Raised
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
Protocol Information
Vest Exchange is a next generation Perps DEX that ensures the most capital efficient liquidity, and fairest pricing for traders and LPs.
Category:Derivatives
Audits:
Methodology
TVL: Total USDC locked in the Vest Exchange.View code on GitHubFees: Trading Fees paid by perp market tradersView code on GitHubRevenue: No RevenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Frequently Asked Questions
What is Vest Markets?
Vest Exchange is a next generation Perps DEX that ensures the most capital efficient liquidity, and fairest pricing for traders and LPs.
What is Vest Markets' TVL?
Vest Markets currently has $288,451.14 in total value locked. TVL has decreased 66.1% over the past 30 days.
What chains does Vest Markets operate on?
Vest Markets operates on 7 chains: OP Mainnet, Base, Ethereum, BSC, and ZKsync Era and 2 others. Ethereum holds the largest share at 58.1%.
How much has Vest Markets generated in fees and revenue?
Over the past 30 days, Vest Markets generated $99,763 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $6.05m in fees.
How does Vest Markets' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Vest Markets ranks #71 by TVL. The category holds $1.893b across 369 protocols, and Vest Markets accounts for <0.1% of that total. Other leading protocols include Jupiter, Hyperliquid, and GMX.
How much perpetual futures volume does Vest Markets process?
Vest Markets processed $2.589b in perpetual futures volume over the past 30 days.

