Ask about HyperSwap · freeTotal Value Locked$16.01m
TVL by Chain
Hyperliquid L1$16.01m
Key Metrics
Fees 30d$238,775
Fees 30d by chain
Hyperliquid L1$238,775
Fees 7d$37,650
Hyperliquid L1$37,650
Fees 24h$4,384
Hyperliquid L1$4,384
Cumulative Fees$17.12m
Hyperliquid L1$17.12m
Revenue 30d$47,453
Revenue 30d by chain
Hyperliquid L1$47,453
Revenue 7d$6,689
Hyperliquid L1$6,689
Revenue 24h$813
Hyperliquid L1$813
Cumulative Revenue$2.97m
Hyperliquid L1$2.97m
Holders Revenue 30d$36,272
Holders Revenue 30d by chain
Hyperliquid L1$36,272
Holders Revenue 7d$5,052
Hyperliquid L1$5,052
Holders Revenue 24h$618
Hyperliquid L1$618
Cumulative Holders Revenue$2.25m
Hyperliquid L1$2.25m
Incentives 1y$84,215
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$84,537
Earnings (Annualized)$500,814
Earnings 30d$47,453
Earnings 7d$6,689
Earnings 24h$813
Cumulative Earnings$2.88m
DEX Volume 30d$105.1m
DEX Volume 30d by chain
Hyperliquid L1$105.1m
DEX Volume 7d$15.28m
Hyperliquid L1$15.28m
DEX Volume 24h$1.77m
Hyperliquid L1$1.77m
Cumulative DEX Volume$13.255b
Hyperliquid L1$13.255b
Cumulative Perp Volume$28.49m
Cumulative Perp Volume by chain
Hyperliquid L1$28.49m
Market Cap$954,203
$SWAP Price$0.013
Fully Diluted Valuation$1.24m
Outstanding FDV$941,735
$SWAP Volume 24h$2,368
CEX Volume$0
DEX Volume$2,370(100.08% of total)
Protocol Information
Explore token swaps, liquidity management and easy token launches
- HyperSwap V3Dexs
- HyperSwap V2Dexs
- HyperSwap TerminalInterface
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
Yields
Pools Tracked193
Average Supply APY1.28%
User Activity
Active Addresses (24h)884
Transactions (24h)13,104
HyperSwap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 24, 2025 to Nov 12, 2026.
All-time high TVL: $110.06m on Jul 14, 2025. All-time low TVL: $1.15m on Feb 24, 2025.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| 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 | $17.77m |
| Nov 5, 2026 | $17.79m |
| Nov 6, 2026 | $16.08m |
| Nov 7, 2026 | $16.39m |
| Nov 8, 2026 | $16.21m |
| Nov 9, 2026 | $15.64m |
| Nov 10, 2026 | $15.54m |
| Nov 11, 2026 | $14.81m |
| Nov 12, 2026 | $16.21m |
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 12, 2026 (latest) | $16.21m |
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) | $74,713 | $13,057 | $9,849 |
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 12, 2026, HyperSwap has $16.01m in total value locked. TVL has decreased 7.4% 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 $238,775 in fees. Of that, $47,453 was protocol revenue. Based on the trailing year, the annualized rate is $3.73m in fees and $585,029 in revenue.
What is the SWAP token price and valuation?
SWAP is currently trading at $0.013. Its circulating market capitalization is $954,203, ranking it #3,567. Its fully diluted valuation is $1.24m. Supply currently stands at 70.88m circulating, 92.37m total supply.
How has SWAP performed recently?
SWAP is down 33.5% over the past 7 days and down 57.9% over the past 30 days. Its all-time high is $0.16, reached on Oct 21, 2025. The token is currently 91.5% 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 $105.1m in DEX volume over the past 30 days.