Logo of Wasabi PerpsWasabi Perps
Total Value Locked$642,584.58

TVL by Chain

Base$376,793.14

Solana$242,170.48

Blast$18,184.28

Berachain$3,178.43

Ethereum$2,258.25

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

Audits:

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Methodology

TVL: Counts the total value deposited in the vaults of the Wasabi protocol, including assets that have been loaned out to open long and short positions.View code on GitHub

User Activity

Active Addresses (24h)0

New Addresses (24h)0

Transactions (24h)0

Gas Used (24h)0 ETH

Gas Cost (24h)$0

Hacks

Date: Apr 30, 2026

Amount: $5.5m

Classification: Protocol Logic

Technique: Admin Key Compromised

Chains: Ethereum, Base, Berachain, Blast

Bridge Hack

Language: Solidity

Target Type: DeFi Protocol

Competitors

Derive V2 ($117.69m)Defx ($12,961.44)RabbitX ($1,900.47)Apex Omni ($29.07m)Aevo Perps ($14.67m)Jupiter Perpetual Exchange ($702.6m)Extended Perps ($123.33m)dYdX V3 ($37.84m)GMTrade ($34.19m)BULK ($27.63m)

Frequently Asked Questions

What is Wasabi Perps?

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 Perps' TVL?

Wasabi Perps currently has $642,584.58 in total value locked. TVL has decreased 26.6% over the past 30 days.

What chains does Wasabi Perps operate on?

Wasabi Perps operates on 5 chains: Berachain, Ethereum, Blast, Solana, and Base. Base holds the largest share at 58.6%.

Has Wasabi Perps ever been exploited?

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