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Logo of WaterXWaterX

Total Value Locked$502,281.92

TVL by Chain

Sui$502,281.92

Key Metrics

Perp Volume 30d$2.42m
Perp Volume 30d by chain

Sui$2.42m

Perp Volume 7d$734,847

Sui$734,847

Perp Volume 24h$256,414

Sui$256,414

Cumulative Perp Volume$7.54m

Sui$7.54m

Protocol Information

AI-native trading engine on Sui Network

WebsiteX/Twitter
Category:Derivatives

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 ($2.65m)DipCoin Perps ($1.94m)Bluefin Pro ($1.74m)Astros Perp ($282,778.26)ZO Perps ($140,856.09)Typus Perp ($7,662.07)ABEx Finance ($1,406.16)Bluefin LegacyJupiter Perpetual Exchange ($801.5m)GMX V2 Perps ($213.58m)

Frequently Asked Questions

What is WaterX's TVL?

WaterX currently has $502,281.92 in total value locked. TVL has decreased 17.5% 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 #66 by TVL. The category holds $2.172b across 420 protocols, and WaterX accounts for <0.1% of that total. Other leading protocols include Sudo Perps, DipCoin Perps, Bluefin Pro, Astros Perp, ZO Perps, Typus Perp, ABEx Finance, Bluefin Legacy, Jupiter Perpetual Exchange, and GMX V2 Perps.

How much perpetual futures volume does WaterX process?

WaterX processed $2.42m in perpetual futures volume over the past 30 days.