Ask about Drake Exchange

Logo of Drake ExchangeDrake Exchange

Total Value Locked$192,533

TVL by Chain

Monad$192,533

Key Metrics

Fees 30d$43,398
Fees 30d by chain

Monad$43,398

Fees 7d$11,304

Monad$11,304

Fees 24h$670

Monad$670

Cumulative Fees$47,830

Monad$47,830

Revenue 30d$30,589
Revenue 30d by chain

Monad$30,589

Revenue 7d$7,322

Monad$7,322

Revenue 24h$402

Monad$402

Cumulative Revenue$32,828

Monad$32,828

Perp Volume 30d$78.66m
Perp Volume 30d by chain

Monad$78.66m

Perp Volume 7d$20.72m

Monad$20.72m

Perp Volume 24h$1.25m

Monad$1.25m

Cumulative Perp Volume$86.66m

Monad$86.66m

$3,183

Total Raised$1m

Sep 29, 2025$1mRound: SeedInvestors: CMS

Protocol Information

Fully on-chain perpetual exchange on Monad with hybrid CLOB + AMM liquidity and isolated/cross-margin portfolios.

WebsiteGitHubX/Twitter
Category:Derivatives

Methodology

TVL: Sums AUSD held in every isolated and cross margin Portfolio contract (enumerated via PortfolioFactory.getPortfolioById) plus AUSD held in the liquidity vault.View code on GitHubFees: All trading commission fees (orderbook + AMM), isolated margin add/reduce fees, and net borrowing/imbalance funding fees charged to traders.View code on GitHubRevenue: Actual trading commission transferred to the operation recipient (treasury), matched from the AUSD transfers immediately before each commission event.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Perpl ($3.75m)LeverUp ($2.61m)Monday Trade Perps ($579,831)Pingu Exchange ($23,371)Narwhal Finance ($1,268)OBSDN ($6.05)Jupiter Perpetual Exchange ($775.52m)GMX V2 Perps ($209.57m)Hyperliquid HLP ($179.73m)Extended Perps ($119.67m)

Frequently Asked Questions

What is Drake Exchange's TVL?

Drake Exchange currently has $192,533 in total value locked. TVL has decreased 9.2% over the past 30 days.

What chains does Drake Exchange operate on?

Drake Exchange operates on Monad. Monad holds the largest share at 100%.

How much has Drake Exchange generated in fees and revenue?

Over the past 30 days, Drake Exchange generated $43,398 in fees. Of that, $30,589 was protocol revenue. Based on the trailing year, the annualized rate is $195,608 in fees and $134,495 in revenue.

How does Drake Exchange's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Drake Exchange ranks #86 by TVL. The category holds $2.004b across 420 protocols, and Drake Exchange accounts for <0.1% of that total. Other leading protocols include Perpl, LeverUp, Monday Trade Perps, Pingu Exchange, Narwhal Finance, OBSDN, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, and Extended Perps.

How much perpetual futures volume does Drake Exchange process?

Drake Exchange processed $78.66m in perpetual futures volume over the past 30 days.