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Logo of WaterXWaterX
Total Value Locked$641,248.96

TVL by Chain

Sui$641,248.96

Key Metrics

Perp Volume 30d$1.29m
Perp Volume 30d by chain

Sui$1.29m

Perp Volume 7d$545,498

Sui$545,498

Perp Volume 24h$24,022

Sui$24,022

Cumulative Perp Volume$3.99m

Sui$3.99m

Protocol Information

AI-native trading engine on Sui Network

Category:Derivatives

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Methodology

TVL: Counts the real stablecoin reserves (USDC, USDsui) locked in the WaterX custody vault (native_custody::custody_vault), the Peg Stability Module that backs every WaterX USD 1:1. This captures the protocol's full TVL — WLP liquidity, perp position collateral and idle account balances — since all of it is denominated in WaterX USD redeemable against these reserves.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Sudo Perps ($2.86m)Bluefin Pro ($2.13m)DipCoin Perps ($1.96m)ZO Perps ($509,781.97)Astros Perp ($307,699.35)Typus Perp ($9,494.22)ABEx Finance ($1,030.3)Bluefin Legacy

Frequently Asked Questions

What is WaterX?

AI-native trading engine on Sui Network

What is WaterX's TVL?

WaterX currently has $641,248.96 in total value locked. TVL has increased 2% over the past 30 days.

What chains does WaterX operate on?

WaterX operates on Sui. Sui holds the largest share at 100%.

How does WaterX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, WaterX ranks #52 by TVL. The category holds $1.865b across 370 protocols, and WaterX accounts for <0.1% of that total. Other leading protocols include Jupiter, Hyperliquid, and GMX.

How much perpetual futures volume does WaterX process?

WaterX processed $1.29m in perpetual futures volume over the past 30 days.