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Liquid

Key Metrics

Fees 30d$260,833
Fees 30d by chain

Hyperliquid L1$260,833

Fees 7d$50,513

Hyperliquid L1$50,513

Fees 24h$9,843

Hyperliquid L1$9,843

Cumulative Fees$2m

Hyperliquid L1$2m

Revenue 30d$260,833
Revenue 30d by chain

Hyperliquid L1$260,833

Revenue 7d$50,513

Hyperliquid L1$50,513

Revenue 24h$9,843

Hyperliquid L1$9,843

Cumulative Revenue$2m

Hyperliquid L1$2m

DEX Volume 30d$348,666
DEX Volume 30d by chain

Hyperliquid L1$348,666

DEX Volume 7d$63,148

Hyperliquid L1$63,148

DEX Volume 24h$3,084

Hyperliquid L1$3,084

Cumulative DEX Volume$1.26m

Hyperliquid L1$1.26m

DEX Notional Volume 30d$838,030
DEX Notional Volume 30d by chain

Hyperliquid L1$838,030

DEX Notional Volume 7d$166,283

Hyperliquid L1$166,283

DEX Notional Volume 24h$7,560

Hyperliquid L1$7,560

Cumulative DEX Notional Volume$2.82m

Hyperliquid L1$2.82m

Perp Volume 30d$776.33m
Perp Volume 30d by chain

Hyperliquid L1$776.33m

Perp Volume 7d$140.85m

Hyperliquid L1$140.85m

Perp Volume 24h$25.78m

Hyperliquid L1$25.78m

Cumulative Perp Volume$4.646b

Hyperliquid L1$4.646b

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

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Protocol Information

Liquid provides access to trading markets through Hyperliquid.

WebsiteX/Twitter
Category:Interface
Products:

Methodology

Fees:

Liquid Perps - builder code revenue from Hyperliquid Perps Trades.View code on GitHubLiquid Spot - Builder-code fees paid by users on Hyperliquid spot trades placed through the builder code.View code on GitHubLiquid Outcome - Builder-code fees paid by users on Hyperliquid HIP-4 outcome trades placed through the builder code.View code on GitHub

Revenue:

Liquid Perps - builder code revenue from Hyperliquid Perps Trades.View code on GitHubLiquid Spot - Builder-code fees on Hyperliquid spot trades, all kept by the builder.View code on GitHubLiquid Outcome - Builder-code fees on Hyperliquid HIP-4 outcome trades, all kept by the builder.View code on GitHub

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

Competitors

Ventuals ($444,573)LiquidBots ($71,047)Jupiter Prediction ($189,011)otomate.trade ($3,624)DESK CLOB ($2,090)DFlow Prediction Market ($741.53)Raydium PerpsPriveXpvp.trade PerpsAxiom Perps

Frequently asked questions

What chains does Liquid operate on?

Liquid operates on Hyperliquid L1.

How much has Liquid generated in fees and revenue?

Over the past 30 days, Liquid generated $260,833 in fees. Of that, $260,833 was protocol revenue. Based on the trailing year, the annualized rate is $1.75m in fees and $1.75m in revenue.

How does Liquid's TVL compare to similar protocols?

Among Interface protocols tracked by DefiLlama, Liquid ranks #323 by TVL. The category holds $711,086 across 323 protocols, and Liquid accounts for 0% of that total. Other leading protocols include Ventuals, LiquidBots, Jupiter Prediction, otomate.trade, DESK CLOB, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.

How much trading volume does Liquid process?

Liquid processed $348,666 in DEX volume over the past 30 days.