TL;DR

August was a month of focused execution for Typus. Despite a bearish crypto market seeing BTC prices dip, we successfully shipped key Perps v1 upgrades like Realized Funding and TP/SL, and launched the USDJPY perpetual contract. A significant TLP rebalance to include suiETH and xBTC was completed to enhance stability. While overall platform TVL adjusted to ~$19.1M in line with market trends, Perps TLP fees impressively grew by over 29%, demonstrating increased capital efficiency.

Market Pulse & TVL: Sui’s Momentum in a Bearish Market

August presented a challenging environment for the broader crypto market, with major assets like Bitcoin and Ethereum experiencing a notable downturn. However, the Sui ecosystem bucked the trend, buzzing with significant positive developments. Key events included an official Sui influencer event in Bali, a second Walrus airdrop boosting community confidence, Alibaba’s ChainIDE launch for Move code generation, and Mill City’s rebrand and Nasdaq listing as SUI Group ($SUIG). This vibrant ecosystem activity provided a strong and supportive backdrop for protocols like Typus to continue building.

Typus TVL Performance Breakdown

• Typus Finance Total Value Locked: Ended August at approximately $19.1M, a change of about -11.2% from July’s ~$21.5M. This adjustment reflects the broader crypto asset price depreciation during the month.
• Typus Options TVL: Typus Options TVL concluded August at approximately $11.8M, a change of around -9.7% from July’s ~$13.1M, moving in line with general market trends.
• Typus Perp TLP (Liquidity Pool) TVL: The Typus Perp TLP remained highly resilient, with its TVL seeing only a minor adjustment of about -4.5% to approximately $3.6M.

Perps Performance: Increased Fee Efficiency

Despite a cooling market and a ~18% month-over-month decrease in trading volume to ~$51.9M, fees generated for TLP holders grew significantly. August saw over $159k in fees returned to TLP depositors, a remarkable ~29% increase from July. This highlights a significant improvement in our fee capture efficiency, providing enhanced real yield for our liquidity providers even in a lower-volume environment.

User Engagement: Consistent Activity Across the Platform

In August, Typus Finance saw approximately 22,600 unique users interacting with our core product sections, a steady increase of about 1.2% from July. The total Monthly Active Users (MAU) across our core products remained stable at ~22.6k.

Breakdown of core product MAU:

• Typus Perps attracted nearly 1,500 MAU, a strong ~16% increase from July, driven by new feature launches and community events.
• Typus Options engaged around 21,100 MAU, holding steady from the previous month.

Product Development

Delivering on Our Roadmap August was a key month for shipping promised features and enhancing platform stability.

• Perps v1 Upgrades Shipped: We successfully launched two highly requested features for Perps v1: Realized Funding and Market Order Take-Profit/Stop-Loss (TP/SL). Development continues on “Increase Position” and “Auto-bid Hedge” functionalities.
• USDJPY Perpetual is Live: Our first Forex contract, USDJPY, successfully went live on mainnet on August 12th, expanding our range of tradable assets.
• TLP Rebalanced for Stability: We executed a major change in the TLP’s composition, removing the DEEP token and adding suiETH and xBTC. This strategic move is designed to lower the overall volatility of the liquidity pool.

Partnerships & Community Engagement

Our ecosystem presence expanded through new collaborations in August. We began a preliminary promotional partnership with Surge, an AI project launchpad, opening the door for future exploration of DeFi + AI synergies. Additionally, Haedal’s official website now features options strategies powered by Typus, bringing greater market exposure to our products.

On the community front, campaigns like “Gas Free” trading and the xBTC deposit incentives saw modest results, likely impacted by the bearish BTC market sentiment. The 6th round of our Leaderboard performed acceptably under the circumstances, though slightly below the average of the first five rounds.

Looking Ahead: The Road to Perps v2 Our development focus is now squarely on the next generation of our trading platform.

• The Next Frontier: Typus Perps v2: Development is actively underway for Typus Perps v2. The initial phase, focused on core features like Cross Margin and a retail-friendly OTC market, is progressing.
• Future Features: Following the core v2 rollout, features like Isolated TLP and Limit Order TP/SL will be integrated into the v2 framework. A full Referral Program is also on the roadmap.

Building Momentum Where It Counts August was a testament to our team’s commitment to “building through the bear.” While market headwinds were reflected in TVL, which adjusted to approximately $19.1M, we successfully shipped key product upgrades, expanded our asset offerings, and strategically improved the TLP’s stability. The impressive ~29% growth in TLP fees despite lower trading volume is a clear win, showcasing the increasing efficiency of our Perps engine. Supported by a remarkably active and optimistic Sui ecosystem, Typus is well-positioned for the future.

The Typus team remains energized by our development progress and steadfast in our mission to build a comprehensive, secure, and user-centric DeFi suite on Sui. We thank our community for its continued support.

Get Started with Typus:

• Earn real yield from our growing Perps platform by providing liquidity to the recently rebalanced TLP. Get started at Typus Perps.
• Deposit into our vaults to earn attractive yields with Typus Options.
• Follow us on X @TypusFinance for the latest news, announcements, and insights.

Stay tuned for more updates as we head into October!