Ask about HyperSwap
Logo of HyperSwapHyperSwap(SWAP)
Total Value Locked$12.96m

TVL by Chain

Hyperliquid L1$12.96m

Key Metrics

Fees (Annualized)$6.12m
Fees 30d$113,336.48

Hyperliquid L1$113,336.48

Fees 7d$15,728.61

Hyperliquid L1$15,728.61

Fees 24h$2,684.46

Hyperliquid L1$2,684.46

Cumulative Fees$15.79m

Hyperliquid L1$15.79m

Revenue (Annualized)$1.02m
Revenue 30d$18,918.4

Hyperliquid L1$18,918.4

Revenue 7d$2,621.13

Hyperliquid L1$2,621.13

Revenue 24h$426.99

Hyperliquid L1$426.99

Cumulative Revenue$2.78m

Hyperliquid L1$2.78m

Holders Revenue (Annualized)$763,273.36
Holders Revenue 30d$14,222.36

Hyperliquid L1$14,222.36

Holders Revenue 7d$1,971.29

Hyperliquid L1$1,971.29

Holders Revenue 24h$320.39

Hyperliquid L1$320.39

Cumulative Holders Revenue$2.1m

Hyperliquid L1$2.1m

Incentives 1y$58,265.62

$6,301.55

$735.22

$2.84

$58,265.62

Earnings (Annualized)$959,804.78

$12,616.85

$1,885.91

$424.15

$2.72m

DEX Volume 30d$78.71m
DEX Volume 30d by chain

Hyperliquid L1$78.71m

DEX Volume 7d$9.01m

Hyperliquid L1$9.01m

DEX Volume 24h$1.5m

Hyperliquid L1$1.5m

Cumulative DEX Volume$12.742b

Hyperliquid L1$12.742b

Perp Volume 30d$0
Perp Volume 30d by chain

Hyperliquid L1$0

Cumulative Perp Volume$28.49m

Hyperliquid L1$28.49m

Protocol Information

Explore token swaps, liquidity management and easy token launches

Category:Dexs

WebsiteTwitter

Yields

Pools Tracked178

Average Supply APY0.5%

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

HyperSwap V2 - Total swap fees paid by users.View code on GitHubHyperSwap V3 - Total swap fees paid by traders across all HyperSwap V3 pools.View code on GitHubHyperSwap Terminal - Total trading fees collected from users.View code on GitHub

Revenue:

HyperSwap V2 - 8% protocol revenue share and 32% holders revenue share.View code on GitHubHyperSwap V3 - Each pool sets how much of its swap fee the protocol keeps, and HyperSwap switches that on one pool at a time, so the share is read from each pool individually for the day being measured. Pools trade with it switched off until HyperSwap enables it, and those give their entire swap fee to liquidity providers. Every pool that has it enabled currently keeps one sixth. Of whatever the protocol keeps, 25% goes to the treasury and 75% buys back and burns SWAP.View code on GitHubHyperSwap Terminal - Net protocol revenue after referral payouts.View code on GitHub

Holders Revenue:

HyperSwap V2 - 32% of fees used for buy-back and burn.View code on GitHubHyperSwap V3 - The three quarters of the protocol's share of swap fees that is used to buy back and burn SWAP.View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Competitors

Curve DEX ($1.284b)Hyperliquid Spot Orderbook ($143.18m)Project X ($37.04m)Balancer V3 ($26.55m)nest CL ($19.85m)Ramses CL V2 ($5.66m)Valantis STEX ($4.56m)Metric V2 ($4.41m)WOOFi Swap ($2.27m)Wombat Exchange ($1.45m)

Frequently Asked Questions

What is HyperSwap?

Explore token swaps, liquidity management and easy token launches

What is HyperSwap's TVL?

HyperSwap currently has $12.96m in total value locked. TVL has decreased 17.4% over the past 30 days.

What chains does HyperSwap operate on?

HyperSwap operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.

How much has HyperSwap generated in fees and revenue?

Over the past 30 days, HyperSwap generated $113,336.48 in fees. Of that, $18,918.4 was protocol revenue. Based on the trailing year, the annualized rate is $6.12m in fees and $1.02m in revenue.

Which protocols are included in HyperSwap?

HyperSwap is a parent protocol whose tracked products include HyperSwap V3, HyperSwap V2, and HyperSwap Terminal.

How much trading volume does HyperSwap process?

HyperSwap processed $78.71m in DEX volume over the past 30 days.