Ask about Hermes Trade · freeKey Metrics
Fees 30d$371.80
Fees 30d by chain
Monad$371.80
Fees 7d$61.61
Monad$61.61
Fees 24h$0
Monad$0
Cumulative Fees$1,466
Monad$1,466
Revenue 30d$371.80
Revenue 30d by chain
Monad$371.80
Revenue 7d$61.61
Monad$61.61
Revenue 24h$0
Monad$0
Cumulative Revenue$1,466
Monad$1,466
DEX Volume 30d$33,260
DEX Volume 30d by chain
Monad$33,260
DEX Volume 7d$7,211
Monad$7,211
DEX Volume 24h$0
Monad$0
Cumulative DEX Volume$293,736
Monad$293,736
DEX Notional Volume 30d$66,521
DEX Notional Volume 30d by chain
Monad$66,521
DEX Notional Volume 7d$14,422
Monad$14,422
DEX Notional Volume 24h$0
Monad$0
Cumulative DEX Notional Volume$590,116
Monad$590,116
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 (1 collateral unit = 1 outcome token) traded through OrderFilled events on the CTF exchanges.View code on GitHubHermes Trade history
Fees and revenue by UTC calendar month, Jul 2026 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Jul 2026 | $686.28 | $686.28 |
| Aug 2026 | $173.82 | $173.82 |
| Sep 2026 | $206.71 | $206.71 |
| Oct 2026 | $278.93 | $278.93 |
| Nov 2026 (to date) | $119.90 | $119.90 |
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 $371.80 in fees. Of that, $371.80 was protocol revenue. Based on the trailing year, the annualized rate is $4,280 in fees and $4,280 in revenue.
How does Hermes Trade's TVL compare to similar protocols?
Among Prediction Market protocols tracked by DefiLlama, Hermes Trade ranks #100 by TVL. The category holds $353.04m across 136 protocols, and Hermes Trade accounts for 0% of that total. Similar protocols include Levr Bet, Kizzy, Polymarket International, Predict Fun, Rain, OPINION, PredictStreet, Sport.fun, Pascal, and Trueo.
How much trading volume does Hermes Trade process?
Hermes Trade processed $33,260 in DEX volume over the past 30 days.