Key Metrics
Fees 30d$78.14m
Fees 30d by chain
Hyperliquid L1$78.14m
Fees 7d$18.97m
Hyperliquid L1$18.97m
Fees 24h$2.49m
Hyperliquid L1$2.49m
Cumulative Fees$1.6b
Hyperliquid L1$1.6b
Revenue 30d$62.7m
Revenue 30d by chain
Hyperliquid L1$62.7m
Revenue 7d$14.83m
Hyperliquid L1$14.83m
Revenue 24h$1.98m
Hyperliquid L1$1.98m
Cumulative Revenue$1.315b
Hyperliquid L1$1.315b
Holders Revenue 30d$62.7m
Holders Revenue 30d by chain
Hyperliquid L1$62.7m
Holders Revenue 7d$14.83m
Hyperliquid L1$14.83m
Holders Revenue 24h$1.98m
Hyperliquid L1$1.98m
Cumulative Holders Revenue$1.315b
Hyperliquid L1$1.315b
Perp Volume 30d$203.416b
Perp Volume 30d by chain
Hyperliquid L1$203.416b
Perp Volume 7d$53.579b
Hyperliquid L1$53.579b
Perp Volume 24h$5.169b
Hyperliquid L1$5.169b
Cumulative Perp Volume$5.587t
Hyperliquid L1$5.587t
Liquidation Volume 30d$1.789b
Liquidation Volume 30d by chain
Hyperliquid L1$1.789b
Liquidation Volume 7d$487.19m
Hyperliquid L1$487.19m
Liquidation Volume 24h$135.26m
Hyperliquid L1$135.26m
Cumulative Liquidation Volume$35.632b
Hyperliquid L1$35.632b
Open Interest$7.571b
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, plus Hyperliquid's 90% share of cost-adjusted reserve yield from AQAv2 stablecoin deployers since 27 Aug 2026, excluding all spot fees.View code on GitHubRevenue: 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees, plus Hyperliquid's 90% share of AQAv2 stablecoin reserve yield since 27 Aug 2026.View code on GitHubHolders Revenue: 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees, plus Hyperliquid's 90% share of AQAv2 stablecoin reserve yield since 27 Aug 2026.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
Hyperliquid Perps history
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $10.42m | $10.11m | $10.11m |
| Jan 2025 | $49.76m | $48.26m | $48.26m |
| Feb 2025 | $44.79m | $43.45m | $43.45m |
| Mar 2025 | $39.3m | $38.13m | $38.13m |
| Apr 2025 | $42.39m | $41.12m | $41.12m |
| May 2025 | $69.12m | $67.05m | $67.05m |
| Jun 2025 | $59.19m | $57.42m | $57.42m |
| Jul 2025 | $91.06m | $88.33m | $88.33m |
| Aug 2025 | $131.23m | $107.5m | $107.5m |
| Sep 2025 | $101.67m | $75.36m | $75.36m |
| Oct 2025 | $117.13m | $92.15m | $92.15m |
| Nov 2025 | $96.11m | $74.23m | $74.23m |
| Dec 2025 | $65.41m | $49.06m | $49.06m |
| Jan 2026 | $74.17m | $57.82m | $57.82m |
| Feb 2026 | $67.81m | $52.17m | $52.17m |
| Mar 2026 | $66.98m | $49.95m | $49.95m |
| Apr 2026 | $56.58m | $41.1m | $41.1m |
| May 2026 | $59.41m | $44.34m | $44.34m |
| Jun 2026 | $77.66m | $57.68m | $57.68m |
| Jul 2026 | $53.36m | $37.32m | $37.32m |
| Aug 2026 | $74.95m | $59.51m | $59.51m |
| Sep 2026 | $88.1m | $72.06m | $72.06m |
| Oct 2026 (to date) | $63.35m | $50.6m | $50.6m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperliquid-perps
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 $78.14m in fees. Of that, $62.7m was protocol revenue. Based on the trailing year, the annualized rate is $866.08m in fees and $662.83m in revenue.
How does Hyperliquid Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Hyperliquid Perps ranks #348 by TVL. The category holds $1.981b across 425 protocols, and Hyperliquid Perps accounts for 0% of that total. Similar protocols include Hyperliquid HLP, Papertrade, Bounce.Tech, Derive V2, SIR, Racks, Jupiter Perpetual Exchange, GMX EVM, Lighter Robinhood Perps, and Extended Perps.
How much perpetual futures volume does Hyperliquid Perps process?
Hyperliquid Perps processed $203.416b in perpetual futures volume over the past 30 days.