Logo of HyperWaveHyperWave
Total Value Locked$1.79m

TVL by Chain

Hyperliquid L1$1.07m

Arbitrum$710,908.12

Base$8,260.11

Ethereum$3,532.73

Key Metrics

Fees (Annualized)$2.43m
Fees 30d$4,700

Hyperliquid L1$4,700

Fees 7d$1,125

Hyperliquid L1$1,125

Fees 24h$173

Hyperliquid L1$173

Cumulative Fees$2.63m

Hyperliquid L1$2.85m

Revenue (Annualized)$19,821.19
Revenue 30d$419

Hyperliquid L1$419

Revenue 7d$101

Hyperliquid L1$101

Revenue 24h$16

Hyperliquid L1$16

Cumulative Revenue$16,416

Hyperliquid L1$16,416

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 Tracked4

Average Supply APY3.56%

Competitors

Pendle ($1.171b)Spectra V2 ($30.09m)Equilibria ($8.87m)Toros ($7.07m)Harmonix Finance ($5m)Spark Savings ($1.159b)Convex Finance ($480.5m)Stake DAO ($116m)Lorenzo sUSD1+ ($81m)Yuzu Money ($75.87m)

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 $1.79m in total value locked. TVL has decreased 5.6% over the past 30 days.

What chains does HyperWave operate on?

HyperWave operates on 4 chains: Base, Ethereum, Arbitrum, and Hyperliquid L1. Hyperliquid L1 holds the largest share at 59.6%.

How much has HyperWave generated in fees and revenue?

Over the past 30 days, HyperWave generated $4,700 in fees. Of that, $419 was protocol revenue. Based on the trailing year, the annualized rate is $2.43m in fees and $19,821.19 in revenue.

How does HyperWave's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, HyperWave ranks #56 by TVL. The category holds $4.335b across 558 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 4 HyperWave yield pools with an average APY of 3.6%.