TL;DR

• Perps platform relaunched on January 28 with TLP Pre-deposit phase following comprehensive security audit, full trading to commence this week
• Total TVL adjusted to ~$4.7M tracking SUI performance, with protocol maintaining structural stability through market correction
• Platform continued attracting new users despite challenging market conditions, reaching 23,047 total users
• US Equity Derivatives development commenced, expanding Typus product suite beyond crypto-native instruments

Market Pulse & TVL

January 2026 delivered a textbook risk-asset rotation: Bitcoin climbed from around $88k to touch $97k by mid-month on the back of renewed spot ETF inflows and institutional re-engagement, only to reverse sharply into month-end as macro crosscurrents — including fresh tariff threats, geopolitical noise around Venezuela and Iran, and concerns over Fed independence — triggered broad deleveraging across digital assets. Ethereum mirrored the pattern, rallying from roughly $3.0k toward $3.4k before giving back gains to close near $2.5k, while altcoins including SOL, SUI and XRP experienced even steeper drawdowns in the final two weeks as leverage unwound and risk appetite cooled.

Against this backdrop, Typus TVL adjusted from approximately $5.2M at year-end to $4.7M by late January, a decline of roughly 10% that closely tracked the performance of SUI — the underlying network on which Typus operates — which fell approximately 19% from $1.43 to $1.16 over the same period. The TVL movement reflected both the broader market reset and the natural repricing of SUI-denominated assets rather than protocol-specific outflows. Critically, the platform maintained operational stability throughout the correction, with Options TVL holding around $4.7M as users continued to engage with structured products even as volatility spiked. The TVL trajectory mirrors the healthy consolidation seen across DeFi ecosystems built on high-performance L1s: assets repricing in response to macro uncertainty while underlying infrastructure and user behaviour remain intact.

Performance Deep Dive

Perps Platform

January marked a strategic milestone: the official relaunch of Typus Perps following completion of a comprehensive security audit and infrastructure overhaul. After pausing operations in late 2025 to address technical and security enhancements, the platform executed a phased return: TLP Pre-deposit opened on January 28, allowing liquidity providers to position capital ahead of the formal trading launch this week. This deliberate, staged approach prioritised platform stability and liquidity depth over speed to market, with the team conducting final system validation and user onboarding during the pre-deposit window. The late-month launch meant January captured only the initial early liquidity deployment phase, establishing the foundation for full-scale trading operations in early February. The relaunch positions Typus to recapture market share in decentralised perpetuals as conditions stabilise and risk appetite returns.

Total Value Locked

Platform-wide TVL stood at roughly $4.7M at month-end, down about 10% from December’s $5.2M in a move consistent with the sharp drawdown in underlying collateral prices — Bitcoin fell around 8% and Ethereum shed close to 15% over the same period — and a broader flight to quality as traders reduced exposure ahead of macro event risk. The decline was orderly and reflected market-driven repricing rather than systemic withdrawal, with the protocol’s multi-product architecture continuing to attract capital across DOV, SAFU and the relaunched Perps offering.

Options TVL

Options TVL — comprising DOV and SAFU positions — totalled approximately $4.7M, a decline of roughly 10% month-over-month that tracked the overall platform trend. DOV TVL adjusted to around $3.6M while SAFU holdings moderated to approximately $554k, both cooling in response to lower crypto prices and reduced speculative appetite. Importantly, the structured-product user base remained engaged: vaults continued to execute regular auctions, bidders participated across strikes and tenors, and the protocol’s automated compounding and dynamic fill-rate mechanisms kept product functionality smooth even as market conditions tightened.

Fees & Volume

The Perps platform was officially relaunched on January 28, followed by a one-week pre-deposit phase as part of the planned rollout, allowing liquidity to position ahead of trading. Full trading will commence this week, after which fee and volume metrics will begin to reflect more representative, steady-state trading activity on the platform.

User Engagement

User Activity

Despite a challenging market environment characterised by elevated volatility and broad risk-off sentiment, Typus continued to attract new users through January, demonstrating the protocol’s sustained appeal even during periods of market stress. Total unique users interacting with core product sections reached 23,047, adding 48 new users during the month as the platform maintained steady organic growth. While overall user activity moderated in line with sector-wide trends following the year-end holidays and market correction, the protocol preserved its reputation as a destination for sophisticated DeFi participants seeking structured yield and leveraged exposure beyond simple staking or farming. The combination of consistent new-user acquisition and maintained engagement with Options vaults and SAFU strategies positions the protocol well for re-acceleration as market sentiment improves and the relaunched Perps platform scales through February.

Product Highlights

January’s key development centred on platform infrastructure and strategic expansion:

• Perps Relaunch (January 28): Typus Perps returned to market with a phased launch strategy — TLP Pre-deposit opened on January 28, enabling liquidity providers to commit capital ahead of the formal trading launch this week. The platform deployed enhanced smart contract robustness, improved risk controls and a more scalable liquidity framework following comprehensive infrastructure refinement, positioning Typus for sustainable growth as trading volumes scale through February and beyond.
• Security Audit Completion: The protocol achieved a critical milestone with successful audit clearance, providing users and liquidity providers with third-party validation of platform security and reinforcing Typus commitment to institutional-grade operational standards in decentralised perpetuals and structured products.

Roadmap Update

Launching Immediately:

• Perps Full Trading (this week): Following the successful TLP Pre-deposit phase that opened on January 28, Typus Perps will commence full trading operations this week, enabling users to open leveraged positions across supported crypto pairs with the enhanced infrastructure and security validated during the pre-deposit window.

In Active Development:

• US Equity Derivatives: Typus is pioneering the development of on-chain US equity perpetuals, enabling traders to access leveraged exposure to traditional stock markets through decentralised infrastructure. This product expansion extends the Typus multi-asset vision beyond crypto-native instruments and positions the protocol at the intersection of DeFi and TradFi as tokenised equity derivatives gain regulatory clarity and market demand.

Community & Ecosystem

Ecosystem Expansion

January milestones:

• Trading Competition Planning: Typus will be introducing upcoming trading competitions, supported by dedicated prize pools, offering traders the opportunity to compete and earn rewards on the Perps platform. Full details — including competition structure, timelines, and participation requirements — will be officially announced via Typus’ official social channels. Traders are encouraged to stay tuned for upcoming announcements.
• Platform Stability: Throughout a month of elevated market volatility and sharp price corrections, Typus infrastructure remained fully operational with zero downtime, consistent auction execution across Options vaults and smooth user experience across web and mobile interfaces, reinforcing the protocol’s reliability even under stress conditions.

Building Momentum

January 2026 was a month of strategic reset: Typus successfully relaunched its Perps platform with enhanced security and infrastructure, maintained platform stability through one of the most volatile market periods in recent quarters, and commenced development of US Equity Derivatives to broaden the protocol’s addressable market. While TVL and user activity moderated in line with broader crypto market corrections — Bitcoin and Ethereum both posted double-digit percentage declines through the month — the protocol’s core value proposition remained intact, with Options products continuing to attract sophisticated users and the relaunched Perps offering beginning its growth trajectory from a clean, audited foundation.

The market backdrop was challenging: geopolitical uncertainty, tariff escalations, concerns over central bank independence and a sharp deleveraging event mid-month all weighed on risk appetite and drove capital toward safer havens. Yet Typus navigated these headwinds without operational disruption, preserving user trust and positioning the platform to capitalise on the eventual return of constructive sentiment. With a freshly audited Perps infrastructure, an expanding product roadmap that includes groundbreaking equity derivatives, and upcoming community initiatives designed to drive engagement, the protocol enters February with a stronger operational foundation and a clearer path to scaling both liquidity and market share.

The work continues: refining Perps liquidity and user experience, accelerating development of equity derivatives, launching trading competitions to energise the community and maintaining the relentless focus on security, performance and product innovation that defines Typus approach to decentralised finance.

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Stay tuned for more updates as we head into February!