Ask about Wasabi
Logo of WasabiWasabi
Total Value Locked$657,242

TVL by Chain

Base$370,763

Solana$263,871

Blast$16,780

Berachain$3,372

Ethereum$2,456

Key Metrics

DEX Volume 30d$0
DEX Volume 30d by chain

Base$0

DEX Volume 7d$0

Base$0

DEX Volume 24h$0

Base$0

Cumulative DEX Volume$277.93m

Base$277.93m

Total Raised$3m

Jun 17, 2024$3mRound: SeedInvestors: Electric Capital, AllianceDAO, Luca Netz, Santiago Roel Santos, Zagabond, DCF God, Memeland, Spencer Ventures, Zhouxun Yin, Cygaar, Bob Loukas

Protocol Information

Wasabi is a leverage trading protocol: Long, short, and earn on your favorite long tail assets such as memecoins and NFTs. Wasabi’s asset-backed perps keep the position value closely pegged to the underlying asset, reflecting the true price action on your PnL. It also generates additional downstream effects such as moving the spot price with leverage, listing pairs as soon as they launch, and generating low-risk yield opportunities through single sided staking

Category:Derivatives

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

DEX Volume: Volume of all spot token swaps on the DEX

Hacks

Date: Apr 30, 2026

Protocol: Wasabi Perps

Amount: $5.5m

Classification: Protocol Logic

Technique: Admin Key Compromised

Chains: Ethereum, Base, Berachain, Blast

Bridge Hack

Language: Solidity

Target Type: DeFi Protocol

Competitors

Wasabi Perps ($656,394.47)Derive V2 ($112.23m)Defx ($12,626.58)RabbitX ($1,900.27)Apex Omni ($29.7m)Jupiter Perpetual Exchange ($699.81m)Extended Perps ($127.03m)dYdX V3 ($37.81m)GMTrade ($34.58m)BULK ($31.23m)

Frequently Asked Questions

What is Wasabi?

Wasabi is a leverage trading protocol: Long, short, and earn on your favorite long tail assets such as memecoins and NFTs. Wasabi’s asset-backed perps keep the position value closely pegged to the underlying asset, reflecting the true price action on your PnL. It also generates additional downstream effects such as moving the spot price with leverage, listing pairs as soon as they launch, and generating low-risk yield opportunities through single sided staking

What is Wasabi's TVL?

Wasabi currently has $657,242 in total value locked. TVL has decreased 24.5% over the past 30 days.

What chains does Wasabi operate on?

Wasabi operates on 5 chains: Base, Solana, Blast, Berachain, and Ethereum. Base holds the largest share at 56.4%.

Which protocols are included in Wasabi?

Wasabi is a parent protocol whose tracked products include Wasabi Perps and Wasabi Prop AMM.

How much trading volume does Wasabi process?

Wasabi processed $0 in DEX volume over the past 30 days.

Has Wasabi ever been exploited?

Wasabi has 1 recorded security incident. The most recent incident occurred on Apr 30, 2026 and involved $5.5m. It was classified as Protocol Logic.