Logo of HMXHMX(HMX)
Total Value Locked$250,984.04

TVL by Chain

Arbitrum$213,648.73

Blast$27,325.67

Polygon$10,009.64

Key Metrics

Fees (Annualized)$0
Cumulative Fees$22.94m

Arbitrum$21.9m

Blast$693,939

Polygon$347,005

Revenue (Annualized)$0
Cumulative Revenue$4.37m

Arbitrum$4.09m

Blast$281,473

Holders Revenue (Annualized)$0
Cumulative Holders Revenue$6.47m

Arbitrum$6.23m

Blast$246,287

Cumulative Perp Volume$67.368b
Cumulative Perp Volume by chain

Arbitrum$66.097b

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.

Category:Derivatives

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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 ($41.62)Derive V2 ($116.9m)Gains Network ($10.75m)Contango V2 ($6.16m)IntentX ($5.67m)GMX V2 Perps ($173.84m)Apex Omni ($29m)Ostium ($17.85m)Aevo Perps ($14.63m)Antarctic ($9.88m)

Frequently Asked Questions

What is HMX?

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.

What is HMX's TVL?

HMX currently has $250,984.04 in total value locked. TVL has increased 0.6% over the past 30 days.

What chains does HMX operate on?

HMX operates on 3 chains: Polygon, Blast, and Arbitrum. Arbitrum holds the largest share at 85.1%.