Ask about HyperSwap

Logo of HyperSwapHyperSwap(SWAP)

Total Value Locked$17.95m

TVL by Chain

Hyperliquid L1$17.95m

Key Metrics

Fees 30d$230,584
Fees 30d by chain

Hyperliquid L1$230,584

Fees 7d$50,275

Hyperliquid L1$50,275

Fees 24h$7,545

Hyperliquid L1$7,545

Cumulative Fees$16.85m

Hyperliquid L1$16.85m

Revenue 30d$44,159
Revenue 30d by chain

Hyperliquid L1$44,159

Revenue 7d$10,308

Hyperliquid L1$10,308

Revenue 24h$1,757

Hyperliquid L1$1,757

Cumulative Revenue$2.91m

Hyperliquid L1$2.91m

Holders Revenue 30d$33,845
Holders Revenue 30d by chain

Hyperliquid L1$33,845

Holders Revenue 7d$7,947

Hyperliquid L1$7,947

Holders Revenue 24h$1,363

Hyperliquid L1$1,363

Cumulative Holders Revenue$2.2m

Hyperliquid L1$2.2m

Incentives 1y$84,537

$12,961

$0

$0

$84,537

Earnings (Annualized)$611,786

$31,198

$10,308

$1,757

$2.83m

DEX Volume 30d$111.59m
DEX Volume 30d by chain

Hyperliquid L1$111.59m

DEX Volume 7d$24.42m

Hyperliquid L1$24.42m

DEX Volume 24h$4.37m

Hyperliquid L1$4.37m

Cumulative DEX Volume$13.134b

Hyperliquid L1$13.134b

Cumulative Perp Volume$28.49m
Cumulative Perp Volume by chain

Hyperliquid L1$28.49m

Market Cap$1.83m

$SWAP Price$0.026

All Time High$0.16

All Time Low$0.012

View $SWAP token page

$2.4m

$1.81m

$SWAP Volume 24h$2,383

CEX Volume$0

DEX Volume$2,392(100.4% of total)

Protocol Information

Explore token swaps, liquidity management and easy token launches

WebsiteX/Twitter
Categories:DexsInterface
Products:

Yields

Pools Tracked207

Average Supply APY2.51%

User Activity

Active Addresses (24h)1,463

Transactions (24h)15,259

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

Frequently Asked Questions

What is HyperSwap's TVL?

HyperSwap currently has $17.95m in total value locked. TVL has decreased 7.7% 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 $230,584 in fees. Of that, $44,159 was protocol revenue. Based on the trailing year, the annualized rate is $4.49m in fees and $696,323 in revenue.

What is the SWAP token price and valuation?

SWAP is currently trading at $0.026. Its circulating market capitalization is $1.83m, ranking it #2,908. Its fully diluted valuation is $2.4m. Supply currently stands at 70.67m circulating, 92.7m total supply.

How has SWAP performed recently?

SWAP is down 16.1% over the past 7 days and up 4.2% over the past 30 days. Its all-time high is $0.16, reached on Oct 21, 2025. The token is currently 83.7% 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 $111.59m in DEX volume over the past 30 days.