Total Value Locked$5,174
TVL by Chain
Hyperliquid L1$5,174
Robinhood Chain$0.29
Key Metrics
Fees 30d$3.50
Fees 30d by chain
Hyperliquid L1$3.50
Robinhood Chain$0
Fees 7d$0.70
Hyperliquid L1$0.70
Robinhood Chain$0
Fees 24h$0.09
Hyperliquid L1$0.09
Robinhood Chain$0
Cumulative Fees$5,028
Hyperliquid L1$5,028
Robinhood Chain$0
Revenue 30d$0.42
Revenue 30d by chain
Hyperliquid L1$0.42
Robinhood Chain$0
Revenue 7d$0.08
Hyperliquid L1$0.08
Robinhood Chain$0
Revenue 24h$0.01
Hyperliquid L1$0.01
Robinhood Chain$0
Cumulative Revenue$580.75
Hyperliquid L1$580.75
Robinhood Chain$0
Holders Revenue 30d$0
Holders Revenue 30d by chain
Hyperliquid L1$0
Robinhood Chain$0
Holders Revenue 7d$0
Hyperliquid L1$0
Robinhood Chain$0
Holders Revenue 24h$0
Hyperliquid L1$0
Robinhood Chain$0
Cumulative Holders Revenue$0
Hyperliquid L1$0
Robinhood Chain$0
DEX Volume 30d$2,018
DEX Volume 30d by chain
Hyperliquid L1$2,018
Robinhood Chain$0
DEX Volume 7d$317.54
Hyperliquid L1$317.54
Robinhood Chain$0
DEX Volume 24h$35.25
Hyperliquid L1$35.25
Robinhood Chain$0
Cumulative DEX Volume$2.88m
Hyperliquid L1$2.88m
Robinhood Chain$0
Protocol Information
Public liquidity layer on Hyperliquid · Upgraded ve(3,3) flywheel · CL & intent-based gasless trades
Sub Category: ve(3,3)
Methodology
TVL: Value of the tokens locked in the liquidity pools.View code on GitHubFees: Users paid 0.25% per swap for volatile pairs and 0.02% for stable pairs on Hyperliquid; Robinhood uses the factory rates at the end of each window.View code on GitHubRevenue: 12% of swap fees on Hyperliquid; the factory referral share goes to the treasury on Robinhood.View code on GitHubHolders Revenue: Money going to governance token holdersView code on GitHubDEX Volume: Total swap volume on Hyperliquid and Robinhood.View code on GitHubCompetitors
Hybra V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 30, 2025 to Oct 19, 2026.
All-time high TVL: $1.29m on Jun 23, 2025. All-time low TVL: $10 on May 30, 2025.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $5,877 |
| Sep 21, 2026 | $6,038 |
| Sep 22, 2026 | $6,019 |
| Sep 23, 2026 | $6,184 |
| Sep 24, 2026 | $5,995 |
| Sep 25, 2026 | $5,906 |
| Sep 26, 2026 | $5,918 |
| Sep 27, 2026 | $5,983 |
| Sep 28, 2026 | $5,899 |
| Sep 29, 2026 | $5,637 |
| Sep 30, 2026 | $5,612 |
| Oct 1, 2026 | $5,803 |
| Oct 2, 2026 | $5,755 |
| Oct 3, 2026 | $5,737 |
| Oct 4, 2026 | $5,781 |
| Oct 5, 2026 | $5,817 |
| Oct 6, 2026 | $5,990 |
| Oct 7, 2026 | $5,883 |
| Oct 8, 2026 | $5,699 |
| Oct 9, 2026 | $5,506 |
| Oct 10, 2026 | $5,475 |
| Oct 11, 2026 | $5,561 |
| Oct 12, 2026 | $5,613 |
| Oct 13, 2026 | $5,365 |
| Oct 14, 2026 | $5,378 |
| Oct 15, 2026 | $5,313 |
| Oct 16, 2026 | $5,321 |
| Oct 17, 2026 | $5,265 |
| Oct 18, 2026 | $5,184 |
| Oct 19, 2026 | $5,206 |
TVL at each month end, May 2025 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2025 | $10 |
| Jun 30, 2025 | $164,371 |
| Jul 31, 2025 | $46,942 |
| Aug 31, 2025 | $45,461 |
| Sep 30, 2025 | $24,772 |
| Oct 31, 2025 | $15,205 |
| Nov 30, 2025 | $8,662 |
| Dec 31, 2025 | $6,291 |
| Jan 31, 2026 | $6,763 |
| Feb 28, 2026 | $4,988 |
| Mar 31, 2026 | $5,950 |
| Apr 30, 2026 | $5,776 |
| May 31, 2026 | $7,527 |
| Jun 30, 2026 | $7,133 |
| Jul 31, 2026 | $4,452 |
| Aug 31, 2026 | $5,354 |
| Sep 30, 2026 | $5,612 |
| Oct 19, 2026 (latest) | $5,206 |
Fees, revenue and holders revenue by UTC calendar month, Jun 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jun 2025 | $1,655 | $199 | $0 |
| Jul 2025 | $152 | $15 | $0 |
| Aug 2025 | $69 | $2 | $0 |
| Sep 2025 | $3,044 | $361 | $0 |
| Oct 2025 | $39 | $0 | $0 |
| Nov 2025 | $18 | $0 | $0 |
| Dec 2025 | $5 | $0 | $0 |
| Jan 2026 | $6 | $0 | $0 |
| Feb 2026 | $9 | $0 | $0 |
| Mar 2026 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 |
| May 2026 | $6.60 | $0.80 | $0 |
| Jun 2026 | $8.26 | $0.99 | $0 |
| Jul 2026 | $5.44 | $0.65 | $0 |
| Aug 2026 | $4.74 | $0.59 | $0 |
| Sep 2026 | $4.05 | $0.48 | $0 |
| Oct 2026 (to date) | $1.98 | $0.24 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hybra-v2
Frequently asked questions
What is Hybra V2's TVL?
As of Oct 19, 2026, Hybra V2 has $5,174 in total value locked. TVL has decreased 13.8% over the past 30 days.
What chains does Hybra V2 operate on?
Hybra V2 operates on 2 chains: Hyperliquid L1 and Robinhood Chain. Hyperliquid L1 holds the largest share at 100%.
How much has Hybra V2 generated in fees and revenue?
Over the past 30 days, Hybra V2 generated $3.50 in fees. Of that, $0.42 was protocol revenue. Based on the trailing year, the annualized rate is $81.98 in fees and $3.74 in revenue.
How does Hybra V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Hybra V2 ranks #1,121 by TVL. The category holds $14.428b across 1,918 protocols, and Hybra V2 accounts for <0.1% of that total. Other leading protocols include Curve DEX, Ramses CL V2, Metric V1, Kittenswap Algebra, Ramses Legacy V2, LiquidCore, BrownFi V3, Hybra V3, Skate AMM, and DeepCore.
How much trading volume does Hybra V2 process?
Hybra V2 processed $2,018 in DEX volume over the past 30 days.