Ask about HyperSwap · freeTotal Value Locked$17.73m
TVL by Chain
Hyperliquid L1$17.73m
Key Metrics
Fees 30d$252,967
Fees 30d by chain
Hyperliquid L1$252,967
Fees 7d$86,800
Hyperliquid L1$86,800
Fees 24h$204
Hyperliquid L1$204
Cumulative Fees$17.07m
Hyperliquid L1$17.07m
Revenue 30d$57,047
Revenue 30d by chain
Hyperliquid L1$57,047
Revenue 7d$14,966
Hyperliquid L1$14,966
Revenue 24h$81.88
Hyperliquid L1$81.88
Cumulative Revenue$2.96m
Hyperliquid L1$2.96m
Holders Revenue 30d$44,097
Holders Revenue 30d by chain
Hyperliquid L1$44,097
Holders Revenue 7d$11,284
Hyperliquid L1$11,284
Holders Revenue 24h$65.43
Hyperliquid L1$65.43
Cumulative Holders Revenue$2.24m
Hyperliquid L1$2.24m
Incentives 1y$84,499
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$84,537
Earnings (Annualized)$514,412
Earnings 30d$57,047
Earnings 7d$14,966
Earnings 24h$81.88
Cumulative Earnings$2.87m
DEX Volume 30d$113.23m
DEX Volume 30d by chain
Hyperliquid L1$113.23m
DEX Volume 7d$44.54m
Hyperliquid L1$44.54m
DEX Volume 24h$68,045
Hyperliquid L1$68,045
Cumulative DEX Volume$13.233b
Hyperliquid L1$13.233b
Cumulative Perp Volume$28.49m
Cumulative Perp Volume by chain
Hyperliquid L1$28.49m
Market Cap$1.45m
$SWAP Price$0.02
Fully Diluted Valuation$1.9m
Outstanding FDV$1.43m
$SWAP Volume 24h$3,493
CEX Volume$0
DEX Volume$3,192(91.39% of total)
Protocol Information
Explore token swaps, liquidity management and easy token launches
- HyperSwap V3Dexs
- HyperSwap V2Dexs
- HyperSwap TerminalInterface
Yields
Pools Tracked213
Average Supply APY1.63%
User Activity
Active Addresses (24h)1,484
Transactions (24h)14,916
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
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
HyperSwap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 24, 2025 to Nov 5, 2026.
All-time high TVL: $110.06m on Jul 14, 2025. All-time low TVL: $1.15m on Feb 24, 2025.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $18.95m |
| Oct 8, 2026 | $18.49m |
| Oct 9, 2026 | $17.61m |
| Oct 10, 2026 | $17.82m |
| Oct 11, 2026 | $18.17m |
| Oct 12, 2026 | $18.36m |
| Oct 13, 2026 | $17.29m |
| Oct 14, 2026 | $17.39m |
| Oct 15, 2026 | $17.24m |
| Oct 16, 2026 | $17.52m |
| Oct 17, 2026 | $17.21m |
| Oct 18, 2026 | $16.74m |
| Oct 19, 2026 | $16.79m |
| Oct 20, 2026 | $16.64m |
| Oct 21, 2026 | $16.93m |
| Oct 22, 2026 | $17m |
| Oct 23, 2026 | $16.42m |
| Oct 24, 2026 | $16.23m |
| Oct 25, 2026 | $16.18m |
| Oct 26, 2026 | $16.15m |
| Oct 27, 2026 | $16.36m |
| Oct 28, 2026 | $17m |
| Oct 29, 2026 | $16.89m |
| Oct 30, 2026 | $18.79m |
| Oct 31, 2026 | $18.66m |
| Nov 1, 2026 | $18.48m |
| Nov 2, 2026 | $18.24m |
| Nov 3, 2026 | $17.69m |
| Nov 4, 2026 | $17.69m |
| Nov 5, 2026 | $17.69m |
TVL at each month end, Feb 2025 to Nov 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $2.32m |
| Mar 31, 2025 | $9.85m |
| Apr 30, 2025 | $41.35m |
| May 31, 2025 | $65.32m |
| Jun 30, 2025 | $103.71m |
| Jul 31, 2025 | $89.46m |
| Aug 31, 2025 | $60m |
| Sep 30, 2025 | $42m |
| Oct 31, 2025 | $36.46m |
| Nov 30, 2025 | $27.28m |
| Dec 31, 2025 | $12.96m |
| Jan 31, 2026 | $15.2m |
| Feb 28, 2026 | $11.53m |
| Mar 31, 2026 | $12.1m |
| Apr 30, 2026 | $13.11m |
| May 31, 2026 | $18.43m |
| Jun 30, 2026 | $15.96m |
| Jul 31, 2026 | $13.24m |
| Aug 31, 2026 | $18.88m |
| Sep 30, 2026 | $18.08m |
| Oct 31, 2026 | $18.66m |
| Nov 5, 2026 (latest) | $17.69m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2025 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2025 | $99,648 | $23,896 | $18,582 |
| Apr 2025 | $693,330 | $127,255 | $96,796 |
| May 2025 | $2.53m | $508,514 | $390,079 |
| Jun 2025 | $3.28m | $602,838 | $458,561 |
| Jul 2025 | $2.29m | $374,024 | $281,212 |
| Aug 2025 | $2.17m | $351,817 | $264,302 |
| Sep 2025 | $1.08m | $180,966 | $136,440 |
| Oct 2025 | $995,388 | $171,411 | $129,558 |
| Nov 2025 | $610,999 | $100,009 | $75,198 |
| Dec 2025 | $245,198 | $40,059 | $30,113 |
| Jan 2026 | $240,182 | $39,502 | $29,714 |
| Feb 2026 | $257,836 | $42,652 | $31,588 |
| Mar 2026 | $210,467 | $35,511 | $25,406 |
| Apr 2026 | $102,174 | $17,522 | $12,426 |
| May 2026 | $293,589 | $50,817 | $37,725 |
| Jun 2026 | $503,985 | $82,865 | $62,229 |
| Jul 2026 | $163,359 | $27,252 | $20,478 |
| Aug 2026 | $737,283 | $77,040 | $59,636 |
| Sep 2026 | $294,703 | $43,707 | $33,475 |
| Oct 2026 | $260,017 | $57,639 | $44,535 |
| Nov 2026 (to date) | $22,485 | $3,889 | $2,932 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperswap
Frequently asked questions
What is HyperSwap's TVL?
As of Nov 5, 2026, HyperSwap has $17.73m in total value locked. TVL has decreased 8.5% 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 $252,967 in fees. Of that, $57,047 was protocol revenue. Based on the trailing year, the annualized rate is $3.82m in fees and $598,911 in revenue.
What is the SWAP token price and valuation?
SWAP is currently trading at $0.02. Its circulating market capitalization is $1.45m, ranking it #3,240. Its fully diluted valuation is $1.9m. Supply currently stands at 70.92m circulating, 92.5m total supply.
How has SWAP performed recently?
SWAP is up 7.6% over the past 7 days and down 23.8% over the past 30 days. Its all-time high is $0.16, reached on Oct 21, 2025. The token is currently 87.1% below that level.
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 $113.23m in DEX volume over the past 30 days.