Logo of Wasabi PerpsWasabi Perps
Total Value Locked$859,065

TVL by Chain

Base$500,132

Solana$333,938

Blast$19,051

Berachain$3,591

Ethereum$2,353

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

CategoryDerivatives

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

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 ($111.31m)Defx ($11,119)RabbitX ($1,899)Apex Omni ($32.85m)Aevo Perps ($15.22m)Jupiter Perpetual Exchange ($703.96m)Extended Perps ($134.77m)BULK ($40.14m)dYdX V3 ($37.4m)GMTrade ($36.7m)