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Logo of WaterXWaterX

Total Value Locked$468,166

TVL by Chain

Sui$468,166

Key Metrics

Perp Volume 30d$2.16m
Perp Volume 30d by chain

Sui$2.16m

Perp Volume 7d$315,510

Sui$315,510

Perp Volume 24h$48,185

Sui$48,185

Cumulative Perp Volume$8.55m

Sui$8.55m

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

DipCoin Perps ($1.92m)Bluefin Pro ($1.58m)Sudo Perps ($854,013)Astros Perp ($299,311)ZO Perps ($121,710)Typus Perp ($6,502)ABEx Finance ($1,603)Bluefin LegacyJupiter Perpetual Exchange ($780.48m)GMX V2 Perps ($209.57m)

Frequently Asked Questions

What is WaterX's TVL?

WaterX currently has $468,166 in total value locked. TVL has decreased 21.9% 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 #68 by TVL. The category holds $2.012b across 420 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 V2 Perps.

How much perpetual futures volume does WaterX process?

WaterX processed $2.16m in perpetual futures volume over the past 30 days.