Ask about Drake Exchange · freeTotal Value Locked$192,350
TVL by Chain
Monad$192,350
Key Metrics
Fees 30d$43,398
Fees 30d by chain
Monad$43,398
Fees 7d$11,304
Monad$11,304
Fees 24h$684
Monad$684
Cumulative Fees$47,844
Monad$47,844
Revenue 30d$30,589
Revenue 30d by chain
Monad$30,589
Revenue 7d$7,322
Monad$7,322
Revenue 24h$432
Monad$432
Cumulative Revenue$32,858
Monad$32,858
Perp Volume 30d$78.66m
Perp Volume 30d by chain
Monad$78.66m
Perp Volume 7d$20.72m
Monad$20.72m
Perp Volume 24h$1.26m
Monad$1.26m
Cumulative Perp Volume$86.67m
Monad$86.67m
$3,195
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.
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 GitHubCompetitors
Frequently Asked Questions
What is Drake Exchange's TVL?
Drake Exchange currently has $192,350 in total value locked. TVL has decreased 9.3% 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 #87 by TVL. The category holds $2.009b 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.