Ask about WaterX · freeTotal Value Locked$465,292
TVL by Chain
Sui$465,292
Key Metrics
Perp Volume 30d$1.6m
Perp Volume 30d by chain
Sui$1.6m
Perp Volume 7d$311,845
Sui$311,845
Perp Volume 24h$69,625
Sui$69,625
Cumulative Perp Volume$8.95m
Sui$8.95m
Protocol Information
AI-native trading engine on Sui Network
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 GitHubCompetitors
WaterX history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 25, 2026 to Oct 20, 2026.
All-time high TVL: $674,410 on Jul 25, 2026. All-time low TVL: $459,126 on Oct 10, 2026.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $502,166 |
| Sep 22, 2026 | $495,086 |
| Sep 23, 2026 | $490,119 |
| Sep 24, 2026 | $493,050 |
| Sep 25, 2026 | $461,321 |
| Sep 26, 2026 | $462,019 |
| Sep 27, 2026 | $465,197 |
| Sep 28, 2026 | $464,059 |
| Sep 29, 2026 | $463,355 |
| Sep 30, 2026 | $465,715 |
| Oct 1, 2026 | $466,912 |
| Oct 2, 2026 | $467,053 |
| Oct 3, 2026 | $464,618 |
| Oct 4, 2026 | $465,301 |
| Oct 5, 2026 | $463,688 |
| Oct 6, 2026 | $464,575 |
| Oct 7, 2026 | $463,550 |
| Oct 8, 2026 | $466,933 |
| Oct 9, 2026 | $466,842 |
| Oct 10, 2026 | $459,126 |
| Oct 11, 2026 | $459,439 |
| Oct 12, 2026 | $462,094 |
| Oct 13, 2026 | $460,239 |
| Oct 14, 2026 | $460,576 |
| Oct 15, 2026 | $461,399 |
| Oct 16, 2026 | $462,421 |
| Oct 17, 2026 | $462,649 |
| Oct 18, 2026 | $462,339 |
| Oct 19, 2026 | $464,404 |
| Oct 20, 2026 | $465,139 |
TVL at each month end, Jun 2026 to Oct 2026
| Date | TVL |
|---|---|
| Jun 30, 2026 | $636,356 |
| Jul 31, 2026 | $671,628 |
| Aug 31, 2026 | $604,206 |
| Sep 30, 2026 | $465,715 |
| Oct 20, 2026 (latest) | $465,139 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/waterx
Frequently asked questions
What is WaterX's TVL?
As of Oct 20, 2026, WaterX has $465,292 in total value locked. TVL has decreased 7.6% over the past 30 days.
How does WaterX's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, WaterX ranks #65 by TVL. The category holds $1.946b across 423 protocols, and WaterX accounts for <0.1% of that total. Other leading protocols include DipCoin Perps, Bluefin Pro, Sudo Perps, Astros Perp, ZO Perps, Typus Perp, ABEx Finance, Bluefin Legacy, Jupiter Perpetual Exchange, and GMX EVM.
How much perpetual futures volume does WaterX process?
WaterX processed $1.6m in perpetual futures volume over the past 30 days.