Users trade spot markets — tokenized equities, indices, and commodities — with zero trading fees 24/7, and cross-margined perpetual futures. The platform uses a self-custodial architecture and provides web, iOS, and WebSocket/REST API access.

Arcus is a decentralized exchange built in partnership with Robinhood on Robinhood Chain. It offers spot trading of tokenized equities, indices, and commodities, and perpetual futures with up to 50x leverage across equities, indices, commodities, and crypto.

Traders in eligible jurisdictions. Arcus is unavailable in the United States, United Kingdom, Canada, and other restricted regions per its Terms of Use. Accounts are backed 1:1 by Robinhood Crypto.

website

twitter

Derivative exchanges

Arcus

# Arcus Total value locked Methodology

## 1. Overview

Total value locked (TVL) is calculated as a measure of the total value of assets deposited within Arcus. Specifically, the circulating supply of arcUSDG, a BoringVault asset backed 1:1 by USDG, is tracked. Because the underlying USDG held in the vault is utilized as the collateral backing the asset, the total value of the arcUSDG supply is used as a direct measure of the project's TVL. This metric is utilized as a key indicator of the adoption and liquidity of the Arcus ecosystem.

## 2. Data sources

- **Asset market cap (circulating)**: Derived from the Asset market cap (circulating) metric, covering Robinhood Chain

## 3. Step-by-step calculation

### Component A: Circulating market cap extraction

- **Purpose**: Extraction of the daily circulating market cap of the arcUSDG asset
- **Logic**: The daily circulating market cap for the arcUSDG asset is extracted from the upstream asset metrics. This value is utilized to represent the total value of USDG deposited into the Arcus vault, as the asset is pegged 1:1 to USD.
- **Key fields**: `timestamp`, `tvl`

### Component B: Gap filling and forward-filling

- **Purpose**: To ensure a continuous daily time series for TVL
- **Logic**: A fill-forward strategy is applied to carry forward the last known TVL value for days where no new data is recorded.
- **Key fields**: `timestamp`, `tvl`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Arcus

Total value locked

Total value locked

Competitive landscape