Ask about Liquid · freeKey Metrics
Fees 30d$326,105
Fees 30d by chain
Hyperliquid L1$324,391
zkLighter$1,714
Fees 7d$75,788
Hyperliquid L1$74,838
zkLighter$949.54
Fees 24h$15,633
Hyperliquid L1$15,592
zkLighter$40.87
Cumulative Fees$2.33m
Hyperliquid L1$2.31m
zkLighter$15,521
Revenue 30d$326,105
Revenue 30d by chain
Hyperliquid L1$324,391
zkLighter$1,714
Revenue 7d$75,788
Hyperliquid L1$74,838
zkLighter$949.54
Revenue 24h$15,633
Hyperliquid L1$15,592
zkLighter$40.87
Cumulative Revenue$2.33m
Hyperliquid L1$2.31m
zkLighter$15,521
DEX Volume 30d$385,523
DEX Volume 30d by chain
Hyperliquid L1$385,523
DEX Volume 7d$52,537
Hyperliquid L1$52,537
DEX Volume 24h$5,969
Hyperliquid L1$5,969
Cumulative DEX Volume$1.62m
Hyperliquid L1$1.62m
DEX Notional Volume 30d$895,838
DEX Notional Volume 30d by chain
Hyperliquid L1$895,838
DEX Notional Volume 7d$122,651
Hyperliquid L1$122,651
DEX Notional Volume 24h$18,456
Hyperliquid L1$18,456
Cumulative DEX Notional Volume$3.65m
Hyperliquid L1$3.65m
Perp Volume 30d$929.49m
Perp Volume 30d by chain
Hyperliquid L1$927.62m
zkLighter$1.87m
Perp Volume 7d$205.34m
Hyperliquid L1$204.12m
zkLighter$1.22m
Perp Volume 24h$46.83m
Hyperliquid L1$46.77m
zkLighter$52,430
Cumulative Perp Volume$5.524b
Hyperliquid L1$5.522b
zkLighter$2.56m
Total Raised$25.6m
Nov 3, 2025$7.6mRound: SeedInvestors: Paradigm, General Catalyst, Ashwin Ramachandran, Eric Wu
Apr 28, 2026$18mRound: Series AInvestors: Neo, Left Lane Capital, Haun Ventures, K5 Global, SV Angel, Anti Fund, Sunflower Captial
Protocol Information
Liquid provides access to trading markets through Hyperliquid.
- Liquid PerpsInterface
- Liquid SpotInterface
- Liquid OutcomeInterface
- Liquid LighterInterface
Methodology
Fees:
Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Notional Volume: Notional volume of all trades on protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Liquid history
Fees and revenue by UTC calendar month, Jun 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Jun 2025 | $2,856 | $2,856 |
| Jul 2025 | $34,648 | $34,648 |
| Aug 2025 | $29,226 | $29,226 |
| Sep 2025 | $80,260 | $80,260 |
| Oct 2025 | $155,606 | $155,606 |
| Nov 2025 | $239,186 | $239,186 |
| Dec 2025 | $80,846 | $80,846 |
| Jan 2026 | $179,235 | $179,235 |
| Feb 2026 | $85,869 | $85,869 |
| Mar 2026 | $108,443 | $108,443 |
| Apr 2026 | $125,818 | $125,818 |
| May 2026 | $119,280 | $119,280 |
| Jun 2026 | $157,918 | $157,918 |
| Jul 2026 | $140,894 | $140,894 |
| Aug 2026 | $134,034 | $134,034 |
| Sep 2026 | $229,151 | $229,151 |
| Oct 2026 | $298,200 | $298,200 |
| Nov 2026 (to date) | $124,092 | $124,092 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/liquid
Frequently asked questions
What chains does Liquid operate on?
Liquid operates on 2 chains: Hyperliquid L1 and zkLighter.
How much has Liquid generated in fees and revenue?
Over the past 30 days, Liquid generated $326,105 in fees. Of that, $326,105 was protocol revenue. Based on the trailing year, the annualized rate is $1.93m in fees and $1.93m in revenue.
How does Liquid's TVL compare to similar protocols?
Among Interface protocols tracked by DefiLlama, Liquid ranks #371 by TVL. The category holds $558,383 across 371 protocols, and Liquid accounts for 0% of that total. Similar protocols include Ventuals, LiquidBots, Jupiter Prediction, DESK CLOB, otomate.trade, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.
How much trading volume does Liquid process?
Liquid processed $385,523 in DEX volume over the past 30 days.