Ask about HyperWave

Logo of HyperWaveHyperWave(HWAVE)

Total Value Locked$1.54m

TVL by Chain

Hyperliquid L1$995,904

Arbitrum$532,359

Base$8,297

Ethereum$3,479

Key Metrics

Fees 30d$3,105
Fees 30d by chain

Hyperliquid L1$3,109

Fees 7d$13.50

Hyperliquid L1$13.50

Fees 24h$1.55

Hyperliquid L1$1.55

Cumulative Fees$2.63m

Hyperliquid L1$2.86m

Revenue 30d$239.60
Revenue 30d by chain

Hyperliquid L1$239.60

Revenue 7d$0.83

Hyperliquid L1$0.83

Revenue 24h$0.14

Hyperliquid L1$0.14

Cumulative Revenue$16,810

Hyperliquid L1$16,810

Holders Revenue 30d$0
Holders Revenue 30d by chain

Hyperliquid L1$0

Holders Revenue 7d$0

Hyperliquid L1$0

Holders Revenue 24h$0

Hyperliquid L1$0

Cumulative Holders Revenue$0

Hyperliquid L1$0

Market Cap$907,995

$HWAVE Price$0.0035

All Time High$0.0049

All Time Low$0.00014

View $HWAVE token page

$1.59m

$HWAVE Volume 24h$2,002

CEX Volume$0

DEX Volume$1,994(99.59% of total)

Protocol Information

Hyperwave is building the House of Payments—an onchain forex layer that reroutes global payments onto Hyperliquid. hwHLP is a tokenized form of the HLP vault, and hwHYPE is a vault that delivers the best risk-adjusted return for your HYPE.

WebsiteX/Twitter
Category:Yield

Audits:

Methodology

TVL: TVL represents the sum of tokens deposited in the vault + HLP positions + HyperCore Spot positions.View code on GitHubFees: Yields generated from HLP and hwHYPE vaults.View code on GitHubRevenue: Yields collected by protocol as revenue, currently, no revenue.View code on GitHubHolders Revenue: View code on GitHub

Yields

Pools Tracked4

Average Supply APY4.4%

Competitors

Pendle V2 ($1.249b)Spectra V2 ($19.09m)Equilibria ($14.45m)Toros ($7.75m)Harmonix Finance ($7.56m)Penpie ($5.99m)Royco V1 ($1.55m)Napier ($110,109)Spark Savings ($1.263b)Stake DAO Yield ($147.16m)

Frequently Asked Questions

What is HyperWave's TVL?

HyperWave currently has $1.54m in total value locked. TVL has decreased 26.5% over the past 30 days.

What chains does HyperWave operate on?

HyperWave operates on 4 chains: Hyperliquid L1, Arbitrum, Base, and Ethereum. Hyperliquid L1 holds the largest share at 64.7%.

How much has HyperWave generated in fees and revenue?

Over the past 30 days, HyperWave generated $3,105 in fees. Of that, $239.60 was protocol revenue. Based on the trailing year, the annualized rate is $1.85m in fees and $17,888 in revenue.

What is the HWAVE token price and valuation?

HWAVE is currently trading at $0.0035. Its circulating market capitalization is $907,995, ranking it #3,658. Its fully diluted valuation is $1.59m. Supply currently stands at 261.44m circulating, 456.73m total supply, 1b maximum supply.

How has HWAVE performed recently?

HWAVE is up 130.7% over the past 7 days and up 662% over the past 30 days. Its all-time high is $0.0049, reached on Oct 29, 2025. The token is currently 29.7% below that level.

How does HyperWave's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, HyperWave ranks #71 by TVL. The category holds $4.57b across 578 protocols, and HyperWave accounts for <0.1% of that total. Other leading protocols include Pendle V2, Spectra V2, Equilibria, Toros, Harmonix Finance, Penpie, Royco V1, Napier, Spark Savings, and Stake DAO Yield.

How many yield pools does HyperWave have?

DefiLlama tracks 4 HyperWave yield pools with an average APY of 4.4%.