Key Metrics
Fees (Annualized)$900.43m
Fees 30d$62.17m
Hyperliquid L1$62.17m
Fees 7d$20.18m
Hyperliquid L1$20.18m
Fees 24h$1.87m
Hyperliquid L1$1.87m
Cumulative Fees$1.436b
Hyperliquid L1$1.436b
Revenue (Annualized)$680.62m
Revenue 30d$47.82m
Hyperliquid L1$47.82m
Revenue 7d$16.06m
Hyperliquid L1$16.06m
Revenue 24h$1.49m
Hyperliquid L1$1.49m
Cumulative Revenue$1.18b
Hyperliquid L1$1.18b
Holders Revenue (Annualized)$680.62m
Holders Revenue 30d$47.82m
Hyperliquid L1$47.82m
Holders Revenue 7d$16.06m
Hyperliquid L1$16.06m
Holders Revenue 24h$1.49m
Hyperliquid L1$1.49m
Cumulative Holders Revenue$1.18b
Hyperliquid L1$1.18b
Perp Volume 30d$204.947b
Perp Volume 30d by chain
Hyperliquid L1$204.947b
Perp Volume 7d$60.441b
Hyperliquid L1$60.441b
Perp Volume 24h$4.086b
Hyperliquid L1$4.086b
Cumulative Perp Volume$5.195t
Hyperliquid L1$5.195t
Liquidation Volume 30d$2.246b
Liquidation Volume 30d by chain
Hyperliquid L1$2.246b
Liquidation Volume 7d$350.34m
Hyperliquid L1$350.34m
Liquidation Volume 24h$55.07m
Hyperliquid L1$55.07m
Cumulative Liquidation Volume$32.604b
Hyperliquid L1$32.604b
$13.277b
$HYPE Liquidity$363,675
Raydium AMM$363,675
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 $62.17m in fees. Of that, $47.82m was protocol revenue. Based on the trailing year, the annualized rate is $900.43m in fees and $680.62m in revenue.
How does Hyperliquid Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Hyperliquid Perps ranks #353 by TVL. The category holds $2.051b across 418 protocols, and Hyperliquid Perps accounts for 0% of that total. Other leading protocols include Hyperliquid HLP, Derive V2, Bounce.Tech, SIR, Racks, Jupiter Perpetual Exchange, GMX V2 Perps, Extended Perps, dYdX V4, and AZverse Perps.
How much perpetual futures volume does Hyperliquid Perps process?
Hyperliquid Perps processed $204.947b in perpetual futures volume over the past 30 days.
