Ask about waveX · freeTotal Value Locked$2,169
TVL by Chain
Soneium$2,169
Key Metrics
Cumulative Fees$283,929
Cumulative Fees by chain
Soneium$283,929
Cumulative Revenue$141,967
Cumulative Revenue by chain
Soneium$141,967
Cumulative DEX Volume$26.92m
Cumulative DEX Volume by chain
Soneium$26.92m
Cumulative Perp Volume$448.64m
Cumulative Perp Volume by chain
Soneium$448.64m
Protocol Information
Trade with high leverage, zero price impact, and access deep liquidity. Earn potential yields by simply depositing assets as a liquidity provider.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees from open/close position (0.1%), swap (stableSwapFee: 0% - 0.06%, swapFee: 0% - 0.85%), deposit and withdraw (based on the total asset amount in the LP pool) and borrow fee ((assets borrowed)/(total assets in pool)*0.01%)View code on GitHubRevenue: Treasury and token holders revenueView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
waveX history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 6, 2025 to Oct 18, 2026.
All-time high TVL: $709,402 on May 14, 2025. All-time low TVL: $1,447 on Aug 18, 2026.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $2,261 |
| Sep 20, 2026 | $2,334 |
| Sep 21, 2026 | $2,224 |
| Sep 22, 2026 | $2,494 |
| Sep 23, 2026 | $2,568 |
| Sep 24, 2026 | $2,381 |
| Sep 25, 2026 | $2,466 |
| Sep 26, 2026 | $2,550 |
| Sep 27, 2026 | $2,521 |
| Sep 28, 2026 | $2,535 |
| Sep 29, 2026 | $2,362 |
| Sep 30, 2026 | $2,311 |
| Oct 1, 2026 | $2,383 |
| Oct 2, 2026 | $2,474 |
| Oct 3, 2026 | $2,498 |
| Oct 4, 2026 | $2,557 |
| Oct 5, 2026 | $2,510 |
| Oct 6, 2026 | $2,572 |
| Oct 7, 2026 | $2,487 |
| Oct 8, 2026 | $2,193 |
| Oct 9, 2026 | $3,347 |
| Oct 10, 2026 | $2,520 |
| Oct 11, 2026 | $2,470 |
| Oct 12, 2026 | $2,413 |
| Oct 13, 2026 | $2,336 |
| Oct 14, 2026 | $2,318 |
| Oct 15, 2026 | $2,177 |
| Oct 16, 2026 | $2,242 |
| Oct 17, 2026 | $2,212 |
| Oct 18, 2026 | $2,131 |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $648,960 |
| Mar 31, 2025 | $614,564 |
| Apr 30, 2025 | $590,927 |
| May 31, 2025 | $583,805 |
| Jun 30, 2025 | $563,885 |
| Jul 31, 2025 | $550,338 |
| Aug 31, 2025 | $539,903 |
| Sep 30, 2025 | $608,094 |
| Oct 31, 2025 | $556,905 |
| Nov 30, 2025 | $563,359 |
| Dec 31, 2025 | $48,244 |
| Jan 31, 2026 | $46,893 |
| Feb 28, 2026 | $34,702 |
| Mar 31, 2026 | $32,519 |
| Apr 30, 2026 | $6,264 |
| May 31, 2026 | $5,750 |
| Jun 30, 2026 | $4,190 |
| Jul 31, 2026 | $3,623 |
| Aug 31, 2026 | $2,105 |
| Sep 30, 2026 | $2,311 |
| Oct 18, 2026 (latest) | $2,131 |
Fees and revenue by UTC calendar month, Jan 2025 to Jan 2026
| Month | Fees | Revenue |
|---|---|---|
| Jan 2025 | $211 | $106 |
| Feb 2025 | $8,247 | $4,123 |
| Mar 2025 | $9,031 | $4,516 |
| Apr 2025 | $25,663 | $12,832 |
| May 2025 | $21,215 | $10,609 |
| Jun 2025 | $10,453 | $5,224 |
| Jul 2025 | $26,093 | $13,045 |
| Aug 2025 | $48,847 | $24,424 |
| Sep 2025 | $58,499 | $29,251 |
| Oct 2025 | $50,677 | $25,340 |
| Nov 2025 | $24,801 | $12,400 |
| Dec 2025 | $4 | $2 |
| Jan 2026 | $188 | $95 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/wavex
Frequently asked questions
What is waveX's TVL?
As of Oct 18, 2026, waveX has $2,169 in total value locked. TVL has increased 2.6% over the past 30 days.
What chains does waveX operate on?
waveX operates on Soneium. Soneium holds the largest share at 100%.
How does waveX's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, waveX ranks #192 by TVL. The category holds $1.961b across 424 protocols, and waveX accounts for <0.1% of that total. Other leading protocols include SoneFi Perp, Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Extended Perps, Lighter Robinhood Perps, dYdX V4, Papertrade, Arcus Perps, and AZverse Perps.