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
Audits:
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 GitHubUser 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: Key Compromise
Technique: Deployer Key Compromised
Chains: Ethereum, Base, Berachain, Blast
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Wasabi Perps' TVL?
Wasabi Perps currently has $729,492.65 in total value locked. TVL has increased 6.9% 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 67.7%.
How does Wasabi Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Wasabi Perps ranks #56 by TVL. The category holds $2.078b across 418 protocols, and Wasabi Perps accounts for <0.1% of that total. Other leading protocols include Derive V2, Defx, RabbitX, AZverse Perps, Apex Omni, Aevo Perps, Contango V2, SynFutures V3, SYMMIO, and IPOR Derivatives.
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 Key Compromise.