Key Metrics
Fees 30d$86.62m
Fees 30d by chain
Hyperliquid L1$86.62m
Fees 7d$16.95m
Hyperliquid L1$16.95m
Fees 24h$2.07m
Hyperliquid L1$2.07m
Cumulative Fees$1.56b
Hyperliquid L1$1.56b
Revenue 30d$70.65m
Revenue 30d by chain
Hyperliquid L1$70.65m
Revenue 7d$13.71m
Hyperliquid L1$13.71m
Revenue 24h$1.67m
Hyperliquid L1$1.67m
Cumulative Revenue$1.283b
Hyperliquid L1$1.283b
Holders Revenue 30d$70.65m
Holders Revenue 30d by chain
Hyperliquid L1$70.65m
Holders Revenue 7d$13.71m
Hyperliquid L1$13.71m
Holders Revenue 24h$1.67m
Hyperliquid L1$1.67m
Cumulative Holders Revenue$1.283b
Hyperliquid L1$1.283b
Perp Volume 30d$206.328b
Perp Volume 30d by chain
Hyperliquid L1$206.328b
Perp Volume 7d$41.013b
Hyperliquid L1$41.013b
Perp Volume 24h$5.068b
Hyperliquid L1$5.068b
Cumulative Perp Volume$5.479t
Hyperliquid L1$5.479t
Liquidation Volume 30d$1.588b
Liquidation Volume 30d by chain
Hyperliquid L1$1.588b
Liquidation Volume 7d$426.96m
Hyperliquid L1$426.96m
Liquidation Volume 24h$32.11m
Hyperliquid L1$32.11m
Cumulative Liquidation Volume$34.581b
Hyperliquid L1$34.581b
$7.712b
Protocol Information
Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading. Beyond its flagship decentralized exchange (DEX), the ecosystem supports borrowing, lending, RWAs, and a full-fledged EVM.
Methodology
Fees: Include perps trading fees on crypto and HIP-3 deployed markets + builders fees, excluding all spot fees.View code on GitHubRevenue: 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.View code on GitHubHolders Revenue: 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubLiquidation Volume: Total USD notional of liquidated positions, from the `amountQuote` field of ClearingHouse `Liquidation` events.View code on GitHubCompetitors
Frequently Asked Questions
What chains does Hyperliquid Perps operate on?
Hyperliquid Perps operates on Hyperliquid L1.
How much has Hyperliquid Perps generated in fees and revenue?
Over the past 30 days, Hyperliquid Perps generated $86.62m in fees. Of that, $70.65m was protocol revenue. Based on the trailing year, the annualized rate is $887.06m in fees and $679.63m in revenue.
How does Hyperliquid Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Hyperliquid Perps ranks #351 by TVL. The category holds $2.091b across 421 protocols, and Hyperliquid Perps accounts for 0% of that total. Other leading protocols include Hyperliquid HLP, Papertrade, Bounce.Tech, Derive V2, SIR, Racks, Jupiter Perpetual Exchange, GMX V2 Perps, Extended Perps, and Lighter Robinhood Perps.
How much perpetual futures volume does Hyperliquid Perps process?
Hyperliquid Perps processed $206.328b in perpetual futures volume over the past 30 days.