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Pear Protocol(PEAR)

Key Metrics

Fees 30d$9,944

Fees 30d by chain

Hyperliquid L1$9,882

zkLighter$61.95

Fees 7d$0

Hyperliquid L1$0

zkLighter$0

Fees 24h$0

Hyperliquid L1$0

zkLighter$0

Cumulative Fees$1.17m

Hyperliquid L1$613,707

Arbitrum$512,427

zkLighter$44,121

Revenue 30d$9,944

Revenue 30d by chain

Hyperliquid L1$9,882

zkLighter$61.95

Revenue 7d$0

Hyperliquid L1$0

zkLighter$0

Revenue 24h$0

Hyperliquid L1$0

zkLighter$0

Cumulative Revenue$1.17m

Hyperliquid L1$613,707

Arbitrum$512,427

zkLighter$44,121

Holders Revenue 30d$6,963

Holders Revenue 30d by chain

Hyperliquid L1$6,919

zkLighter$43.97

Holders Revenue 7d$0

Hyperliquid L1$0

zkLighter$0

Holders Revenue 24h$0

Hyperliquid L1$0

zkLighter$0

Cumulative Holders Revenue$481,228

Hyperliquid L1$450,348

zkLighter$30,881

Perp Volume 30d$17.48m

Perp Volume 30d by chain

Hyperliquid L1$17.36m

zkLighter$122,696

Perp Volume 7d$0

Hyperliquid L1$0

zkLighter$0

Perp Volume 24h$0

Hyperliquid L1$0

zkLighter$0

Cumulative Perp Volume$1.87b

Hyperliquid L1$1.041b

Arbitrum$743.47m

zkLighter$85.78m

Market Cap$9.23m

$PEAR Price$0.018

All Time High$0.093

All Time Low$0.005

View $PEAR token page

Fully Diluted Valuation$15.31m

$PEAR Volume 24h$12,471

CEX Volume$0

DEX Volume$12,467(99.97% of total)

Total Raised$5.35m

Apr 11, 2023$1.25mRound: SeedInvestors: Flow ventures, RNR Capital, Portico Ventures, JY Capital

Jul 28, 2025$4.1mRound: StrategicInvestors: Castle Island Ventures, Compound Ventures, Sigil Fund, Florin Digital

Protocol Information

Pear Protocol is a decentralized trading platform that streamlines pair-trading of cryptocurrencies by enabling simultaneous leveraged long and short positions in a single on-chain transaction, integrating with multiple trading engines (e.g., GMX, Vertex, SYMM) to provide liquidity-agnostic trading.

Website X/Twitter

Categories:Derivatives Interface

Products:

Pear PerpsDerivatives
Pear InterfaceInterface

Methodology

Fees:

Pear Perps - Trading fees paid by users on Pear's legacy Arbitrum engine. After 2026-05-27, Hyperliquid and Lighter fees are tracked by pear-interface.Pear Interface - Builder code fees from Hyperliquid perps trades and partner fees from Pear Interface's Lighter perps integration.

Revenue: All fees are retained by Pear, split between the protocol treasury and token holders, so revenue equals fees.Holders Revenue: Share of fees going to PEAR token holders: 80% before 2026-01-27 (shared directly with stakers), 70% from that date onward (used for token buybacks instead).

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Income statement for Pear Protocol

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024
Gross Protocol Revenue	$25.81K	$122.75K	$220.54K	$164.97K	$134.32K	$96.36K	$31.16K	$106.77K	$224.41K	$43.18K
Hyperliquid Builder Code Fees	$23.42K	$81.02K	$181.57K	$139.63K	$102.3K	$85.77K	$0	$0	$0	$0
Lighter Partner Fees	$2.39K	$41.73K	$0	$0	$0	$0	$0	$0	$0	$0
Cost of Revenue	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Gross Profit	$25.81K	$122.75K	$220.54K	$164.97K	$134.32K	$96.36K	$31.16K	$106.77K	$224.41K	$43.18K
Trading Fees To Treasury	$7.74K	$36.81K	$54.47K	$39.94K	$20.46K	$17.16K	$0	$0	$0	$0
Trading Fees To Stakers	$0	$0	$0	$15.6K	$81.83K	$68.62K	$0	$0	$0	$0
Token Buy Back	$18.07K	$85.92K	$127.1K	$84.1K	$0	$0	$0	$0	$0	$0
Earnings	$25.81K	$122.75K	$220.54K	$164.97K	$134.32K	$96.36K	$31.16K	$106.77K	$224.41K	$43.18K
Token Holder Net Income	$18.07K	$85.92K	$127.1K	$99.7K	$81.83K	$68.62K	$0	$0	$0	$0
Trading Fees To Stakers	$0	$0	$0	$15.6K	$81.83K	$68.62K	$0	$0	$0	$0
Token Buy Back	$18.07K	$85.92K	$127.1K	$84.1K	$0	$0	$0	$0	$0	$0

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Pear Protocol history

Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026

Month	Fees	Revenue	Holders revenue
Dec 2024	$60,560	$60,560	—
Jan 2025	$64,011	$64,011	—
Feb 2025	$35,014	$35,014	—
Mar 2025	$7,741	$7,741	—
Apr 2025	$7,956	$7,956	—
May 2025	$10,380	$10,380	—
Jun 2025	$12,824	$12,824	—
Jul 2025	$35,705	$35,705	$25,201
Aug 2025	$33,846	$33,846	$25,403
Sep 2025	$26,804	$26,804	$18,012
Oct 2025	$26,934	$26,934	$15,574
Nov 2025	$81,775	$81,775	$46,802
Dec 2025	$25,615	$25,615	$19,457
Jan 2026	$28,648	$28,648	$19,721
Feb 2026	$58,865	$58,865	$33,417
Mar 2026	$77,452	$77,452	$46,557
Apr 2026	$67,795	$67,795	$39,487
May 2026	$85,683	$85,683	$40,670
Jun 2026	$67,061	$67,061	$46,942
Jul 2026	$22,084	$22,084	$15,457
Aug 2026	$66,286	$66,286	$46,399
Sep 2026	$34,377	$34,377	$24,063
Oct 2026	$25,717	$25,717	$18,003
Nov 2026 (to date)	$90	$90	$63

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pear-protocol

Frequently asked questions

What chains does Pear Protocol operate on?

Pear Protocol operates on 3 chains: Arbitrum, Hyperliquid L1, and zkLighter.

How much has Pear Protocol generated in fees and revenue?

Over the past 30 days, Pear Protocol generated $9,944 in fees. Of that, $9,944 was protocol revenue. Based on the trailing year, the annualized rate is $586,442 in fees and $586,442 in revenue.

What is the PEAR token price and valuation?

PEAR is currently trading at $0.018. Its circulating market capitalization is $9.23m, ranking it #1,488. Its fully diluted valuation is $15.31m. Supply currently stands at 513.86m circulating, 852.22m total supply, 852.22m maximum supply.

How has PEAR performed recently?

PEAR is down 16.1% over the past 7 days and down 36.7% over the past 30 days. Its all-time high is $0.093, reached on Dec 4, 2024. The token is currently 80.6% below that level.

Which protocols are included in Pear Protocol?

Pear Protocol is a parent protocol whose tracked products include Pear Perps and Pear Interface.

How much perpetual futures volume does Pear Protocol process?

Pear Protocol processed $17.48m in perpetual futures volume over the past 30 days.