Ask about Kalshi
Key Metrics
DEX Volume 30d$12.041b
DEX Volume 30d by chain
Off Chain$12.041b
DEX Volume 7d$2.982b
Off Chain$2.982b
DEX Volume 24h$547.26m
Off Chain$547.26m
Cumulative DEX Volume$75.003b
Off Chain$75.003b
DEX Notional Volume 30d$47.043b
DEX Notional Volume 30d by chain
Off Chain$47.043b
DEX Notional Volume 7d$13.082b
Off Chain$13.082b
DEX Notional Volume 24h$2.46b
Off Chain$2.46b
Cumulative DEX Notional Volume$227.402b
Off Chain$227.402b
$978.14m
Total Raised$3.885b
Jun 25, 2025$185mRound: Series CInvestors: Paradigm, Sequoia Capital, Multicoin Capital, Neo, Bond
Oct 10, 2025$300mRound: Series DInvestors: Sequoia Capital, a16z crypto, Paradigm, CapitalG, Coinbase Ventures
Nov 20, 2025$1bRound: Series EInvestors: Paradigm, Sequoia Capital, a16z crypto, Neo, CapitalG, Anthos Capital
Mar 19, 2026$1bRound: Investors: Coatue
Apr 3, 2026$1.2bRound:
May 20, 2026$200mRound: Series FInvestors: Baillie Gifford, Layer Global
Protocol Information
Kalshi is a CFTC-regulated event derivatives exchange where users trade binary contracts (yes/no) on real-world outcomes
Methodology
DEX Volume: Volume of all spot token swaps on the DEXView code on GitHubNotional Volume: Notional volume of all trades on protocolView code on GitHubCompetitors
Frequently Asked Questions
What chains does Kalshi operate on?
Kalshi operates on Off Chain.
How does Kalshi's TVL compare to similar protocols?
Among Prediction Market protocols tracked by DefiLlama, Kalshi ranks #93 by TVL. The category holds $429.24m across 119 protocols, and Kalshi accounts for 0% of that total. Other leading protocols include Polymarket International, Rain, Predict Fun, OPINION, Sport.fun, Gnosis Protocol v1, PredictStreet, Augur, Levr Bet, and Liquidity House.
How much trading volume does Kalshi process?
Kalshi processed $12.041b in DEX volume over the past 30 days.