Ask about Decibel
Logo of DecibelDecibel
Total Value Locked$29.52m

TVL by Chain

Aptos$29.52m

Key Metrics

Fees 30d$477,078
Fees 30d by chain

Aptos$477,078

Fees 7d$122,745

Aptos$122,745

Fees 24h$23,566

Aptos$23,566

Cumulative Fees$2.77m

Aptos$2.77m

Revenue 30d$477,078
Revenue 30d by chain

Aptos$477,078

Revenue 7d$122,745

Aptos$122,745

Revenue 24h$23,566

Aptos$23,566

Cumulative Revenue$2.77m

Aptos$2.77m

Perp Volume 30d$1.121b
Perp Volume 30d by chain

Aptos$1.121b

Perp Volume 7d$266.77m

Aptos$266.77m

Perp Volume 24h$52.46m

Aptos$52.46m

Cumulative Perp Volume$6.893b

Aptos$6.893b

$4.53m

Protocol Information

Decibel is a composable, onchain trading engine for spot, perps, and yield opportunities.

WebsiteX/Twitter
Category:Derivatives

Methodology

TVL: TVL is the total USDC collateral in the Decibel perp engine plus USDC in the predeposit vault.View code on GitHubFees: Trading fees charged on every fill. Takers always pay, between 0.034% and 0.018% depending on their 30-day volume, and makers pay between 0.011% and 0% until they reach the top volume tiers. Also includes USDC and USDCbl paid into Decibel's fee treasury from outside the exchange.View code on GitHubRevenue: Everything Decibel charges, minus any maker rebates it nets out, plus the treasury deposits.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

TsunamiX ($18,623.31)Thetis Perps ($1,284.59)Mirage Protocol ($633.49)AGDEX ($62.79)Merkle TradeJupiter Perpetual Exchange ($741.21m)GMX V2 Perps ($202.31m)Hyperliquid HLP ($187.93m)Derive V2 ($158.12m)Extended Perps ($116.43m)

Frequently Asked Questions

What is Decibel's TVL?

Decibel currently has $29.52m in total value locked. TVL has decreased 0.6% over the past 30 days.

What chains does Decibel operate on?

Decibel operates on Aptos. Aptos holds the largest share at 100%.

How much has Decibel generated in fees and revenue?

Over the past 30 days, Decibel generated $477,078 in fees. Of that, $477,078 was protocol revenue. Based on the trailing year, the annualized rate is $5.01m in fees and $5.01m in revenue.

How does Decibel's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Decibel ranks #11 by TVL. The category holds $2.043b across 423 protocols, and Decibel accounts for 1.4% of that total. Other leading protocols include TsunamiX, Thetis Perps, Mirage Protocol, AGDEX, Merkle Trade, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, and Extended Perps.

How much perpetual futures volume does Decibel process?

Decibel processed $1.121b in perpetual futures volume over the past 30 days.