⌘K

Covo V1 (COVO)

Total Value Locked$1.38

Chain Breakdown
Polygon	$1.38

USD MATIC

Information

Protocol Information

Covo V1 is a decentralized trading platform that offers spot and perpetual trading with low swap fees and zero market impact. The platform offers a maximum leverage of 50x on major cryptos and is backed by a singular multi-asset pool that generates income for liquidity providers through fees garnered from market making, swap transactions, leveraged trading (including spreads, funding fees, and liquidations), and rebalancing of assets

Category: Derivatives

Forked from:GMX V1

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Token Information

Address:0x681D3e...cebf53

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Methodology

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Competitors

ApeX Pro ($82.29m)Contango V2 ($65.74m)Gains Network ($32.5m)HMX ($19.32m)Orderly Perps ($18.46m)Jupiter Perpetual Exchange ($1.34b)Hyperliquid Perp ($1.08b)Drift Trade ($752.99m)GMX V2 Perps ($569.56m)dYdX V4 ($333.91m)