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Total Value Locked$4,370

TVL by Chain

Hyperliquid L1$4,370

Key Metrics

Fees (Annualized)$51,859
Fees 30d$0

Hyperliquid L1$0

Fees 7d$0

Hyperliquid L1$0

Fees 24h$0

Hyperliquid L1$0

Cumulative Fees$50,438

Hyperliquid L1$50,438

Revenue (Annualized)$51,859
Revenue 30d$0

Hyperliquid L1$0

Revenue 7d$0

Hyperliquid L1$0

Revenue 24h$0

Hyperliquid L1$0

Cumulative Revenue$50,438

Hyperliquid L1$50,438

Options Premium Volume 30d$0

Options Premium Volume 7d$0

Options Premium Volume 24h$0

Cumulative Options Premium Volume$1.06m

Options Notional Volume 30d$0

Options Notional Volume 7d$0

Options Notional Volume 24h$0

Cumulative Options Notional Volume$2.827b

Protocol Information

Racks is a platform for fast paced 1000x leveraged trading on HyperEVM via 1-minute expiry options

CategoryDerivatives
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Methodology

TVL: Sum of all USDT deposits in Collateral VaultView code on GitHubFees: V1: Trading fees calculated as 5% of trade value (size * limitPrice) from LimitOrderFilled events. Net after taker fee/maker rebate is 5% to protocol. V2 (After Sept 25, 2025): Fees extracted from Settled events where the fee recipient receives positive pnl, including trading fees and liquidation penalties. Same 5% net fee to protocol.View code on GitHubRevenue: All fees collected go directly to the protocol treasuryView code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHub

Competitors

Hyperliquid HLP ($284.36m)Derive V2 ($117.9m)Bounce.Tech ($807,407)SIR ($95,367)