TL;DR

September was a month of resilience and global outreach for Typus. Despite a major market-wide liquidation event that saw Perps volume adjust to ~$31M, our overall platform TVL held remarkably stable at ~$15.3M (a less than 1% change). The Typus Perp TLP was a standout, with its TVL growing by over 7%. We continued to ship key Perps v1 upgrades like Realized Funding Fee & PnL, while the team was on the ground engaging with the community and potential partners at major events including Korea Blockchain Week and SuiFest in Singapore.

Market Pulse & TVL: A Resilient Recovery After a Sharp Flush

September was a volatile month for crypto, defined by two distinct phases. The first half saw cautious optimism as the market anticipated a US Fed rate cut. However, the final week brought a dramatic, market-wide deleveraging event that flushed billions in leveraged positions, causing sharp price drops across major assets. The market showed significant resilience, though, recovering much of the losses by month-end and setting a more constructive, optimistic tone for “Uptober.”

Against this turbulent backdrop, Typus’s TVL demonstrated exceptional stability, showcasing strong community conviction in the platform.

Typus TVL Performance Breakdown

• Typus Finance Total Value Locked: Ended September at approximately $15.3M, a decrease of only 0.9% from August’s ~$15.4M. This stability during a major market drawdown is a powerful testament to the platform’s resilience and our users’ long-term confidence.
• Typus Options TVL: Concluded September at approximately $11.4M, a minor decrease of about 3.4% from August’s ~$11.8M, also showing strong resilience against the market trend.
• Typus Perp TLP (Liquidity Pool) TVL & Performance: The Typus Perp TLP was a highlight, with its TVL growing by +7.4% to approximately $3.8M. This growth occurred even as trading activity cooled in line with the broader market deleveraging. September’s notional trading volume was ~$31.0M with ~$47.1k in fees returned to TLP holders. The TLP’s ability to attract and retain capital during a market flush underscores LPs’ confidence in its real yield opportunities.

User Engagement: Activity Reflects Market Conditions

User activity in September directly reflected the sharp, late-month market downturn. Total core product Monthly Active Users (MAU) adjusted to 1,001 from 1,245 in August (-19.6%).

• Typus Perps MAU was 375, a decrease of ~26.0%.
• Typus Options MAU was 626, a decrease of ~15.2%. This cooling of activity was an expected and healthy market reset during a period of major liquidation across the industry.

Product Development: Delivering on Our Roadmap

September was a month of significant incremental upgrades and steady progress on major future initiatives.

• Key Features Shipped for Perps V1: Several important upgrades to the Perps V1 trading experience were launched on mainnet, including Realized Funding Fee & PnL for more accurate profit tracking, expanded details in the History Table, and enhanced TP/SL Status functionality. The TLP Price Chart Comparison, a valuable tool for LPs, also went live in early October.
• Major Progress on Near-Term Features: The BTC DDH Strategy for SAFU vaults progressed from development to the Test on Mainnet phase, a major step toward launch. Another key Perps V1 feature, Auto Bid Hedge, also entered testing.
• Continued Work on Strategic Long-Term Initiatives: Foundational design and specification work for Typus Perps V2 continued, focusing on core components like Cross Margin. Design work for a major Rebranding and Dark Mode also remains in progress.

Partnerships & Community Engagement: On the Ground in Asia

While there were no new online campaigns in September, the Typus team was busy strengthening our presence and network across Asia. We were on the ground at major industry events, including Korea Blockchain Week (KBW), Sui Builder House in Seoul, SuiFest, and Token2049 in Singapore.

Our presence at these events was focused on seeking new collaboration opportunities, increasing team exposure, and engaging directly with the community. At our SuiFest booth, we hosted the “Typus Prediction Pit,” an interactive game that onboarded nearly 150 participants to the core concepts of options trading using a fun, hands-on approach. The positive reception and high level of engagement were fantastic, and we were thrilled to give away over a hundred pieces of exclusive Typus merchandise.

Looking Ahead: The Road to Perps v2 and Beyond

Our development focus continues on both immediate enhancements and our next-generation trading platform.

• Immediate Upgrades: Features like Auto Bid Hedge are in their final testing stages and are expected to go live soon.
• The Next Frontier: Typus Perps v2: We are continuing the foundational work for Typus Perps v2, with a primary focus on designing the architecture for Cross Margin and an Isolated TLP structure.
• Long-Term Roadmap: A full Referral Program, a major site-wide Rebranding, and Dark Mode remain key items on our longer-term roadmap.

Building Momentum: Where It Counts

September served as a real-world stress test for the market, and Typus demonstrated remarkable resilience. While activity metrics like trading volume and MAU predictably followed the market’s deleveraging event, our platform’s TVL remained exceptionally stable. The +7.4% growth in our Perp TLP TVL during such a volatile period is a powerful signal of our community’s long-term conviction. Our team’s continued focus on shipping key product features and engaging with the global community in person reinforces our commitment to building for the long term, regardless of market conditions.

The Typus team is proud of the platform’s stability and is energized to continue delivering value to our users. We thank our community for its unwavering support.

Get Started with Typus:

• Earn real yield from our growing Perps platform by providing liquidity to the recently rebalanced TLP. Get started at https://typus.finance/tlp/.
• 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 November!