Logo of HMXHMX(HMX)
Total Value Locked$245,734

TVL by Chain

Arbitrum$211,404

Blast$24,846

Polygon$9,484

Key Metrics

Fees (Annualized)$228,125
Cumulative Fees$22.94m

Arbitrum$21.9m

Blast$693,939

Polygon$347,005

Revenue (Annualized)$90,231
Cumulative Revenue$4.37m

Arbitrum$4.09m

Blast$281,473

Holders Revenue (Annualized)$78,950
Cumulative Holders Revenue$6.47m

Arbitrum$6.23m

Blast$246,287

Cumulative Perp Volume$67.147b
Cumulative Perp Volume by chain

Arbitrum$65.877b

Blast$1.27b

Protocol Information

HMX (previous perp88) is a next-gen decentralized perpetual exchange with a cross-margin and multi-asset collateral support on Arbitrum, offering up to 1,000x leverage various asset classes. Additionally, HMX also supports the leveraged market making feature, which allows market makers to maximize their real yields generated from protocol revenue of both HMX and GMX, while also offering multiple LP protection mechanisms, such as a velocity-based funding fee and adaptive pricing, to protect market makers from undue risks.

CategoryDerivatives
WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees paid by usersView code on GitHubRevenue: Treasury and token holders revenueView code on GitHubHolders Revenue: Fees going to governance token holdersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

LogX V2 ($41.44)Derive V2 ($111.69m)Gains Network ($14.81m)Contango V2 ($6.16m)IntentX ($5.67m)GMX V2 Perps ($169.49m)Ostium ($57.99m)Apex Omni ($32.82m)AFX Bridge ($21.61m)Aevo Perps ($15.21m)