⌘K

Covo V1 (COVO)

Total Value Locked$1.16

Chain Breakdown
Polygon	$1.16

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:polygon:...cebf53

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Methodology

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Competitors

ApeX Pro ($81.65m)Contango V2 ($60.4m)Gains Network ($30.3m)Orderly Perps ($18.43m)HMX ($18.36m)Jupiter Perpetual Exchange ($1.02b)Hyperliquid Perp ($747.84m)Drift Trade ($570.93m)GMX V2 Perps ($454.62m)dYdX V4 ($235.66m)