# Kwenta

> Track Kwenta's fees, revenue, active users and earnings with daily on-chain data. Compare Kwenta with other derivative exchanges. Updated daily.

Source: [Kwenta on Token Terminal](https://tokenterminal.com/explorer/projects/kwenta). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: KWENTA
- Sectors: Derivative exchanges
- Chains: optimism

## About

### What it is

Kwenta is a non-custodial exchange for perpetual contracts built on Optimism. Kwenta was born out of the Synthetix community and launched in 2022.

### Who uses it

KWENTA tokenholders own and govern the protocol. They currently do not take a cut of the total trading fees paid by traders (revenue).

### How it works

Kwenta builds on top of Synthetix to create a synthetic perpetuals trading platform. Traders on Kwenta trade futures against the liquidity provided by liquidity providers on Synthetix.

## Metrics

Token Terminal tracks these metrics for Kwenta daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/kwenta/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/kwenta/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/kwenta/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/kwenta/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/kwenta/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/kwenta/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/kwenta/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/kwenta/metrics/token-supply-circulating)
- [Notional trading volume](https://tokenterminal.com/explorer/projects/kwenta/metrics/notional-trading-volume)
- [Fees](https://tokenterminal.com/explorer/projects/kwenta/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/kwenta/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/kwenta/metrics/revenue)
- [Expenses](https://tokenterminal.com/explorer/projects/kwenta/metrics/expenses)
- [Token incentives](https://tokenterminal.com/explorer/projects/kwenta/metrics/token-incentives)
- [Earnings](https://tokenterminal.com/explorer/projects/kwenta/metrics/earnings)
- [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/kwenta/metrics/pf-fully-diluted)
- [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/kwenta/metrics/pf-circulating)
- [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/kwenta/metrics/ps-fully-diluted)
- [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/kwenta/metrics/ps-circulating)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/kwenta/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/kwenta/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/kwenta/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/kwenta/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/kwenta/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/kwenta/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/kwenta/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/kwenta/metrics/code-commits)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/kwenta/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/kwenta/metrics/gas-used)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/kwenta/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/kwenta/metrics/arpu)
- [Take rate](https://tokenterminal.com/explorer/projects/kwenta/metrics/take-rate)

## Links

- [governance](https://snapshot.org/#/kwenta.eth)
- [github](https://github.com/Kwenta)
- [twitter](https://twitter.com/kwenta_io)
- [discord](https://discord.gg/kwentaio)
- [etherscan](https://optimistic.etherscan.io/token/0x920Cf626a271321C151D027030D5d08aF699456b)
- [website](https://kwenta.eth.limo/)