Ask about HyperWave
Logo of HyperWaveHyperWave
Total Value Locked$1.76m

TVL by Chain

Hyperliquid L1$1.04m

Arbitrum$711,106.32

Base$8,244.57

Ethereum$3,539.06

Key Metrics

Fees (Annualized)$2.55m
Fees 30d$5,394

Hyperliquid L1$5,394

Fees 7d$1,125

Hyperliquid L1$1,125

Fees 24h$11

Hyperliquid L1$11

Cumulative Fees$2.62m

Hyperliquid L1$2.85m

Revenue (Annualized)$20,928.4
Revenue 30d$463

Hyperliquid L1$463

Revenue 7d$99

Hyperliquid L1$99

Revenue 24h$13

Hyperliquid L1$13

Cumulative Revenue$16,125

Hyperliquid L1$16,125

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.

Category:Yield

Audits:

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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 GitHub

Yields

Pools Tracked5

Average Supply APY2.79%

Competitors

Pendle ($1.202b)Spectra V2 ($31.49m)Royco V1 ($17.2m)Equilibria ($10.32m)Toros ($6.95m)Spark Savings ($1.138b)Convex Finance ($479.85m)Stake DAO ($113.04m)Lorenzo sUSD1+ ($84.47m)Strata Markets ($77.24m)

Frequently Asked Questions

What is HyperWave?

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.

What is HyperWave's TVL?

HyperWave currently has $1.76m in total value locked. TVL has decreased 49.5% over the past 30 days.

What chains does HyperWave operate on?

HyperWave operates on 4 chains: Ethereum, Base, Arbitrum, and Hyperliquid L1. Hyperliquid L1 holds the largest share at 58.9%.

How much has HyperWave generated in fees and revenue?

Over the past 30 days, HyperWave generated $5,394 in fees. Of that, $463 was protocol revenue. Based on the trailing year, the annualized rate is $2.55m in fees and $20,928.4 in revenue.

How does HyperWave's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, HyperWave ranks #61 by TVL. The category holds $4.402b across 554 protocols, and HyperWave accounts for <0.1% of that total. Other leading protocols include Pendle, Spark, and Convex Finance.

How many yield pools does HyperWave have?

DefiLlama tracks 5 HyperWave yield pools with an average APY of 2.8%.