Ask about HyperWave · freeTotal Value Locked$1.35m
TVL by Chain
Hyperliquid L1$942,662
Arbitrum$392,909
Base$8,305
Ethereum$3,463
Key Metrics
Fees 30d$1,105
Fees 30d by chain
Hyperliquid L1$1,112
Fees 7d$259.85
Hyperliquid L1$259.85
Fees 24h$80
Hyperliquid L1$80
Cumulative Fees$2.63m
Hyperliquid L1$2.86m
Revenue 30d$87.07
Revenue 30d by chain
Hyperliquid L1$87.07
Revenue 7d$28.62
Hyperliquid L1$28.62
Revenue 24h$7.62
Hyperliquid L1$7.62
Cumulative Revenue$16,847
Hyperliquid L1$16,847
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$1m
$HWAVE Price$0.0038
$1.71m
$HWAVE Volume 24h$2,920
CEX Volume$0
DEX Volume$2,724(93.27% 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.
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 GitHubYields
Pools Tracked3
Average Supply APY3.69%
Competitors
Frequently Asked Questions
What is HyperWave's TVL?
HyperWave currently has $1.35m in total value locked. TVL has decreased 40.2% 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 70%.
How much has HyperWave generated in fees and revenue?
Over the past 30 days, HyperWave generated $1,105 in fees. Of that, $87.07 was protocol revenue. Based on the trailing year, the annualized rate is $1.82m in fees and $17,362 in revenue.
What is the HWAVE token price and valuation?
HWAVE is currently trading at $0.0038. Its circulating market capitalization is $1m, ranking it #3,505. Its fully diluted valuation is $1.71m. Supply currently stands at 261.44m circulating, 446.91m total supply, 1b maximum supply.
How has HWAVE performed recently?
HWAVE is down 4% over the past 7 days and up 592.2% over the past 30 days. Its all-time high is $0.0049, reached on Oct 29, 2025. The token is currently 22.4% below that level.
How does HyperWave's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, HyperWave ranks #77 by TVL. The category holds $4.756b across 574 protocols, and HyperWave accounts for <0.1% of that total. Other leading protocols include Pendle V2, Spectra V2, Equilibria, Harmonix Finance, Toros, Penpie, Royco V1, Napier, Spark Savings, and Stake DAO Yield.
How many yield pools does HyperWave have?
DefiLlama tracks 3 HyperWave yield pools with an average APY of 3.7%.