Substance Excha...

Total Value Locked

Chain Breakdown
Arbitrum	$483,699
ZetaChain	$143,197

TVLDerivatives VolumeFeesRevenueUSD InflowsTweets

USD ETH

Protocol Information

Substance Exchange is a derivatives protocol that leads the shift towards decentralized trading. SubstanceX offers futures and options, and achieves a pop-up-free trading experience through 1-click technology.

Category:Derivatives

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Methodology

TVL: The TVL of SubstanceX is equal to the total value of underlying assets locked in the USDX contract.

Fees: Fees paid by users

Revenue: Treasury and token holders revenue

TVL code Fees and Revenue code Derivatives Volume code

Competitors

GMX V2 Perps ($546.35m)GMX V1 ($112.91m)ApeX Pro ($80.16m)Vertex Perps ($77.27m)Derive V2 ($69.34m)Jupiter Perpetual Exchange ($1.306b)Hyperliquid Perp ($1.017b)Drift Trade ($712.74m)dYdX V4 ($326.59m)Wasabi ($137.11m)