Add Exotic Markets options adapter with Dune-driven volume tracking

[0saurabh0]

NOTE

Please enable "Allow edits by maintainers" while putting up the PR.

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• If you would like to add a tvl adapter please submit the PR here.

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Name (to be shown on DefiLlama):

Exotic Markets

Twitter Link:

https://x.com/exotic_markets_

List of audit links if any:

Website Link:

exotic.markets

Logo (High resolution, will be shown with rounded borders):

Current TVL:

Treasury Addresses (if the protocol has treasury)

Chain:

Solana

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)

Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)

Short Description (to be shown on DefiLlama):

Token address and ticker if any:

Category (full list at https://defillama.com/categories) *Please choose only one:

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):

Implementation Details: Briefly describe how the oracle is integrated into your project:

Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:

forkedFrom (Does your project originate from another project):

methodology (what is being counted as tvl, how is tvl being calculated):

Github org/user (Optional, if your code is open source, we can track activity):

[llamabutler]

The exotic-markets adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts options exotic-markets

🦙 Running EXOTIC-MARKETS adapter 🦙
---------------------------------------------------
Start Date:	Mon, 27 Oct 2025 00:00:00 GMT
End Date:	Tue, 28 Oct 2025 00:00:00 GMT
---------------------------------------------------

Error: Request failed with status code 401
    at _queryDune (/home/runner/work/dimension-adapters/dimension-adapters/helpers/dune.ts:219:22)
    at processTicksAndRejections (node:internal/process/task_queues:95:5)
    at async fetch (/home/runner/work/dimension-adapters/dimension-adapters/options/exotic-markets/index.ts:80:25)
    at async getChainResult (/home/runner/work/dimension-adapters/dimension-adapters/adapters/utils/runAdapter.ts:220:18)
    at async Promise.all (index 0)
    at async _runAdapter (/home/runner/work/dimension-adapters/dimension-adapters/adapters/utils/runAdapter.ts:175:20)
    at async /home/runner/work/dimension-adapters/dimension-adapters/cli/testAdapter.ts:69:24 {
  axiosError: 'Dune API Key is invalid',
  chain: 'solana'
}

[0saurabh0]

TVL PR - DefiLlama/DefiLlama-Adapters#16833

when testing locally show -

🦙 Running EXOTIC-MARKETS adapter 🦙
---------------------------------------------------
Start Date:     Mon, 27 Oct 2025 00:00:00 GMT
End Date:       Tue, 28 Oct 2025 00:00:00 GMT
---------------------------------------------------
waiting for query id 3996608 to complete...
SOLANA 👇
Backfill start time: 1/1/2024
Daily notional volume: 352
Daily premium volume: 297

[treeoflife2]

@0saurabh0 notional volume calculation looks incorrect in your dune based on numbers and your methodology,
dailyNotionalVolume: (Required) Notional volume of options contracts traded/settled.

[llamabutler]

The exotic-markets adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts options exotic-markets

🦙 Running EXOTIC-MARKETS adapter 🦙
---------------------------------------------------
Start Date:	Tue, 28 Oct 2025 00:00:00 GMT
End Date:	Wed, 29 Oct 2025 00:00:00 GMT
---------------------------------------------------

Error: Request failed with status code 401
    at _queryDune (/home/runner/work/dimension-adapters/dimension-adapters/helpers/dune.ts:219:22)
    at processTicksAndRejections (node:internal/process/task_queues:95:5)
    at async fetch (/home/runner/work/dimension-adapters/dimension-adapters/options/exotic-markets/index.ts:65:25)
    at async getChainResult (/home/runner/work/dimension-adapters/dimension-adapters/adapters/utils/runAdapter.ts:220:18)
    at async Promise.all (index 0)
    at async _runAdapter (/home/runner/work/dimension-adapters/dimension-adapters/adapters/utils/runAdapter.ts:175:20)
    at async /home/runner/work/dimension-adapters/dimension-adapters/cli/testAdapter.ts:69:24 {
  axiosError: 'Dune API Key is invalid',
  chain: 'solana'
}

[0saurabh0]

@treeoflife2 can you have a look now

[treeoflife2]

dailyPremiumVolume is also required metric for options

[llamabutler]

The exotic-markets adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts options exotic-markets

🦙 Running EXOTIC-MARKETS adapter 🦙
---------------------------------------------------
Start Date:	Tue, 28 Oct 2025 00:00:00 GMT
End Date:	Wed, 29 Oct 2025 00:00:00 GMT
---------------------------------------------------

Error: Request failed with status code 401
    at _queryDune (/home/runner/work/dimension-adapters/dimension-adapters/helpers/dune.ts:219:22)
    at processTicksAndRejections (node:internal/process/task_queues:95:5)
    at async fetch (/home/runner/work/dimension-adapters/dimension-adapters/options/exotic-markets/index.ts:86:25)
    at async getChainResult (/home/runner/work/dimension-adapters/dimension-adapters/adapters/utils/runAdapter.ts:220:18)
    at async Promise.all (index 0)
    at async _runAdapter (/home/runner/work/dimension-adapters/dimension-adapters/adapters/utils/runAdapter.ts:175:20)
    at async /home/runner/work/dimension-adapters/dimension-adapters/cli/testAdapter.ts:69:24 {
  axiosError: 'Dune API Key is invalid',
  chain: 'solana'
}

[0saurabh0]

@treeoflife2 Updated

[treeoflife2]

@0saurabh0 i think you are still calculating notional volume incorrectly.

Notional volume is the total value of an underlying asset in a derivative contract, calculated by multiplying the contract's price by the number of shares or units

[0saurabh0]

@treeoflife2, Apologies for the back and forth here, premium volume now uses the vault inflows, but I’m still missing the fields to compute notional as quantity × strike. I can’t find those decoded in the public Dune tables for exomt54…. Could you point me to the instruction or Dune table/columns that expose the contract size and strike/price that Exotic uses?
If that data isn’t exposed yet, I’m happy to write a decoder using the program’s IDL and publish a derived table, but I’d like confirmation that this is the right path before I start on it.

[treeoflife2]

@treeoflife2, Apologies for the back and forth here, premium volume now uses the vault inflows, but I’m still missing the fields to compute notional as quantity × strike. I can’t find those decoded in the public Dune tables for exomt54…. Could you point me to the instruction or Dune table/columns that expose the contract size and strike/price that Exotic uses? If that data isn’t exposed yet, I’m happy to write a decoder using the program’s IDL and publish a derived table, but I’d like confirmation that this is the right path before I start on it.

best to ask the exotic.markets dev team about it if IDL is not public or you are not able to reverse engineer it.