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Key Metrics

Fees (Annualized)$17.61m
Fees 30d$195,229

Hyperliquid L1$195,229

Fees 7d$27,039

Hyperliquid L1$27,039

Fees 24h$8,168

Hyperliquid L1$8,168

Cumulative Fees$16.89m

Hyperliquid L1$16.89m

Revenue (Annualized)$16.46m
Revenue 30d$125,954

Hyperliquid L1$125,954

Revenue 7d$17,943

Hyperliquid L1$17,943

Revenue 24h$4,380

Hyperliquid L1$4,380

Cumulative Revenue$15.78m

Hyperliquid L1$15.78m

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

Hyperliquid L1$0

Holders Revenue 7d$0

Hyperliquid L1$0

Holders Revenue 24h$0

Hyperliquid L1$0

Cumulative Holders Revenue$0

Hyperliquid L1$0

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$16.46m

Earnings 30d$125,954

Earnings 7d$17,943

Earnings 24h$4,380

Cumulative Earnings$15.78m

DEX Notional Volume 30d$2.01m
DEX Notional Volume 30d by chain

Polygon$2.01m

DEX Notional Volume 7d$475,536

Polygon$475,536

DEX Notional Volume 24h$58,578

Polygon$58,578

Cumulative DEX Notional Volume$26.19m

Polygon$26.19m

Perp Volume 30d$709.5m
Perp Volume 30d by chain

Hyperliquid L1$709.5m

Perp Volume 7d$99.27m

Hyperliquid L1$99.27m

Perp Volume 24h$26.5m

Hyperliquid L1$26.5m

Cumulative Perp Volume$45.428b

Hyperliquid L1$45.428b

Open Interest$11.21m

Market Cap$23.52m

$BASED Price$0.1

All Time High$0.31

All Time Low$0.05

Fully Diluted Valuation$100.11m

Outstanding FDV$76.28m

$BASED Volume 24h$37.49m

CEX Volume$18.02m

DEX Volume$22.57m(60.2% of total)

Total Raised$11.5m

Sep 8, 2025Round: Investors: Ethena

Feb 23, 2026$11.5mRound: Series AInvestors: Pantera Capital, Coinbase Ventures, Wintermute Trading, Karatage

Protocol Information

Trade, Predict and Spend. Built on Hyperliquid L1, Polymarket. Backed by Ethena Labs.

CategoryInterface

Methodology

Holders Revenue: View code on GitHub

Notional Volume: Notional volume of all trades on protocol

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users