Ask about Hermes Trade · freeKey Metrics
Fees 30d$124.56
Fees 30d by chain
Monad$124.56
Fees 7d$27.93
Monad$27.93
Fees 24h$6.94
Monad$6.94
Cumulative Fees$1,103
Monad$1,103
Revenue 30d$124.56
Revenue 30d by chain
Monad$124.56
Revenue 7d$27.93
Monad$27.93
Revenue 24h$6.94
Monad$6.94
Cumulative Revenue$1,103
Monad$1,103
DEX Volume 30d$32,056
DEX Volume 30d by chain
Monad$32,056
DEX Volume 7d$12,292
Monad$12,292
DEX Volume 24h$1,973
Monad$1,973
Cumulative DEX Volume$263,906
Monad$263,906
DEX Notional Volume 30d$64,114
DEX Notional Volume 30d by chain
Monad$64,114
DEX Notional Volume 7d$24,585
Monad$24,585
DEX Notional Volume 24h$3,941
Monad$3,941
Cumulative DEX Notional Volume$530,449
Monad$530,449
Protocol Information
Hermes Trade is an on-chain prediction market on Monad where users trade outcomit-order-book exchange and a conditional-token framework, using USDC and enzoBTC as collateral.
Methodology
Fees: Realized trading fees: USDW collateral collected by the Hermes FeeVault, valued 1:1 as USDC. Outcome-token fees are counted once redeemed to USDW at settlement, mirroring DefiLlama's Polymarket fees adapter.View code on GitHubRevenue: All realized fees are retained by the protocol.View code on GitHubDEX Volume: Trading volume from OrderFilled events on the Hermes Trade CLOB exchanges (regular + NegRisk). Only the collateral (USDW, valued as USDC) side of each fill is counted and amounts are halved to correct for the maker + taker double counting, matching the Polymarket methodology.View code on GitHubNotional Volume: Notional volume of all trades on protocolView code on GitHubCompetitors
Hermes Trade history
Fees and revenue by UTC calendar month, Jul 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Jul 2026 | $686.28 | $686.28 |
| Aug 2026 | $173.82 | $173.82 |
| Sep 2026 | $206.71 | $206.71 |
| Oct 2026 (to date) | $36.41 | $36.41 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hermes-trade
Frequently asked questions
What chains does Hermes Trade operate on?
Hermes Trade operates on Monad.
How much has Hermes Trade generated in fees and revenue?
Over the past 30 days, Hermes Trade generated $124.56 in fees. Of that, $124.56 was protocol revenue. Based on the trailing year, the annualized rate is $4,083 in fees and $4,083 in revenue.
How does Hermes Trade's TVL compare to similar protocols?
Among Prediction Market protocols tracked by DefiLlama, Hermes Trade ranks #116 by TVL. The category holds $397.38m across 128 protocols, and Hermes Trade accounts for 0% of that total. Other leading protocols include Levr Bet, Kizzy, Polymarket International, Rain, Predict Fun, OPINION, Sport.fun, Pascal, Augur, and PredictStreet.
How much trading volume does Hermes Trade process?
Hermes Trade processed $32,056 in DEX volume over the past 30 days.