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GDEX Perps

Key Metrics

Fees 30d$412.29
Fees 30d by chain

Hyperliquid L1$412.29

Fees 7d$3.73

Hyperliquid L1$3.73

Fees 24h$0.01

Hyperliquid L1$0.01

Cumulative Fees$4,516

Hyperliquid L1$4,516

Revenue 30d$412.29
Revenue 30d by chain

Hyperliquid L1$412.29

Revenue 7d$3.73

Hyperliquid L1$3.73

Revenue 24h$0.01

Hyperliquid L1$0.01

Cumulative Revenue$4,516

Hyperliquid L1$4,516

DEX Volume 30d$824,954
DEX Volume 30d by chain

Hyperliquid L1$824,954

DEX Volume 7d$7,436

Hyperliquid L1$7,436

DEX Volume 24h$11

Hyperliquid L1$11

Cumulative DEX Volume$9.02m

Hyperliquid L1$9.02m

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Protocol Information

GDEX is Gemach DAO's multi-chain trading terminal. GDEX Perps is its perpetual futures trading product.

WebsiteX/Twitter
Category:Derivatives

Methodology

Fees: Hyperliquid builder code fees paid by users on perpetual trades placed through GDEX.View code on GitHubRevenue: Hyperliquid builder code fees collected by GDEX. Referral rewards GDEX later pays out off-chain from its treasury are not deducted.View code on GitHubDEX Volume: Notional volume of Hyperliquid perpetual trades (including HIP-3 markets) placed through GDEX.View code on GitHub

Competitors

Hyperliquid HLP ($173.1m)Papertrade ($29.28m)Bounce.Tech ($779,986)Derive V2 ($295,117)SIR ($91,895)Racks ($4,368)Jupiter Perpetual Exchange ($710.6m)GMX EVM ($207.53m)Lighter Robinhood Perps ($114.04m)Extended Perps ($109.54m)

GDEX Perps history

Fees and revenue by UTC calendar month, May 2026 to Oct 2026

MonthFeesRevenue
May 2026$412.96$412.96
Jun 2026$847.29$847.29
Jul 2026$9.36$9.36
Aug 2026$2,106$2,106
Sep 2026$728.34$728.34
Oct 2026 (to date)$412.29$412.29

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/gdex-perps

Frequently asked questions

What chains does GDEX Perps operate on?

GDEX Perps operates on Hyperliquid L1.

How much has GDEX Perps generated in fees and revenue?

Over the past 30 days, GDEX Perps generated $412.29 in fees. Of that, $412.29 was protocol revenue. Based on the trailing year, the annualized rate is $9,312 in fees and $9,312 in revenue.

How does GDEX Perps' TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, GDEX Perps ranks #423 by TVL. The category holds $1.95b across 428 protocols, and GDEX Perps accounts for 0% of that total. Similar protocols include Hyperliquid HLP, Papertrade, Bounce.Tech, Derive V2, SIR, Racks, Jupiter Perpetual Exchange, GMX EVM, Lighter Robinhood Perps, and Extended Perps.

How much trading volume does GDEX Perps process?

GDEX Perps processed $824,954 in DEX volume over the past 30 days.