Total Value Locked$264,501.58
TVL by Chain
Arbitrum$219,731.33
Blast$32,858.93
Polygon$11,911.32
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.
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 GitHubCompetitors
Frequently Asked Questions
What is HMX's TVL?
HMX currently has $264,501.58 in total value locked. TVL has increased 5.7% 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 83.1%.
How does HMX's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, HMX ranks #77 by TVL. The category holds $2.048b across 419 protocols, and HMX accounts for <0.1% of that total. Other leading protocols include LogX V2, Derive V2, Gains Network, Contango V2, ApeX Pro, MUFEX, Jarvis Network, Lynx, Vest Markets, and SynFutures V1.
