Total Value Locked$2.9m
TVL by Chain
Hyperliquid L1$2.9m
Key Metrics
Fees 30d$176.55
Fees 30d by chain
Hyperliquid L1$176.55
Fees 7d$82.71
Hyperliquid L1$82.71
Fees 24h$16.68
Hyperliquid L1$16.68
Cumulative Fees$676,147
Hyperliquid L1$676,147
Revenue 30d$35.58
Revenue 30d by chain
Hyperliquid L1$35.58
Revenue 7d$16.74
Hyperliquid L1$16.74
Revenue 24h$3.41
Hyperliquid L1$3.41
Cumulative Revenue$135,218
Hyperliquid L1$135,218
DEX Volume 30d$2.2m
DEX Volume 30d by chain
Hyperliquid L1$2.2m
DEX Volume 7d$660,200
Hyperliquid L1$660,200
DEX Volume 24h$125,972
Hyperliquid L1$125,972
Cumulative DEX Volume$635.47m
Hyperliquid L1$635.47m
Protocol Information
The Modular DEX. Live on HyperEVM with STEX, a next-gen AMM design built specific for staked assets
Sub Category: AMM
Audits:
Methodology
TVL: Counts combined stHYPE and kHYPE STEX net LP assets using the existing lens, including lending and pending unstaking less withdrawal liabilities. Preserves live stHYPE separately for parent exclusions; lending overlaps HyperLend TVL.View code on GitHubFees: Swap fees paid by traders on Valantis pools, plus the spread paid by LPs who exit a STEX pool instantly in HYPE.View code on GitHubRevenue: The pool manager share (20% on the STEX pools) of swap fees and instant-withdrawal spreads, kept by Valantis.View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Valantis STEX history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 3, 2025 to Nov 6, 2026.
All-time high TVL: $68.88m on Aug 11, 2025. All-time low TVL: $758,812 on Apr 3, 2025.
Daily TVL, Oct 8, 2026 to Nov 6, 2026
| Date | TVL |
|---|---|
| Oct 8, 2026 | $3.84m |
| Oct 9, 2026 | $3.66m |
| Oct 10, 2026 | $3.66m |
| Oct 11, 2026 | $3.7m |
| Oct 12, 2026 | $3.77m |
| Oct 13, 2026 | $3.43m |
| Oct 14, 2026 | $3.47m |
| Oct 15, 2026 | $3.44m |
| Oct 16, 2026 | $3.47m |
| Oct 17, 2026 | $3.38m |
| Oct 18, 2026 | $3.29m |
| Oct 19, 2026 | $3.32m |
| Oct 20, 2026 | $3.28m |
| Oct 21, 2026 | $3.3m |
| Oct 22, 2026 | $3.29m |
| Oct 23, 2026 | $3.15m |
| Oct 24, 2026 | $3.1m |
| Oct 25, 2026 | $3.11m |
| Oct 26, 2026 | $3.11m |
| Oct 27, 2026 | $3.17m |
| Oct 28, 2026 | $3.3m |
| Oct 29, 2026 | $3.27m |
| Oct 30, 2026 | $3.63m |
| Oct 31, 2026 | $3.47m |
| Nov 1, 2026 | $3.29m |
| Nov 2, 2026 | $3.28m |
| Nov 3, 2026 | $3.16m |
| Nov 4, 2026 | $3.14m |
| Nov 5, 2026 | $3.13m |
| Nov 6, 2026 | $2.86m |
TVL at each month end, Apr 2025 to Nov 2026
| Date | TVL |
|---|---|
| Apr 30, 2025 | $6.73m |
| May 31, 2025 | $39.36m |
| Jun 30, 2025 | $44.21m |
| Jul 31, 2025 | $66.38m |
| Aug 31, 2025 | $31.24m |
| Sep 30, 2025 | $26.34m |
| Oct 31, 2025 | $17.23m |
| Nov 30, 2025 | $12.22m |
| Dec 31, 2025 | $18.2m |
| Jan 31, 2026 | $17.9m |
| Feb 28, 2026 | $15.61m |
| Mar 31, 2026 | $16.92m |
| Apr 30, 2026 | $14.84m |
| May 31, 2026 | $20m |
| Jun 30, 2026 | $6.28m |
| Jul 31, 2026 | $4.98m |
| Aug 31, 2026 | $5.2m |
| Sep 30, 2026 | $4.36m |
| Oct 31, 2026 | $3.47m |
| Nov 6, 2026 (latest) | $2.86m |
Fees and revenue by UTC calendar month, Mar 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Mar 2025 | $0.03 | $0 |
| Apr 2025 | $202.98 | $40.43 |
| May 2025 | $13,194 | $2,637 |
| Jun 2025 | $11,204 | $2,241 |
| Jul 2025 | $135,798 | $27,158 |
| Aug 2025 | $95,698 | $19,145 |
| Sep 2025 | $67,879 | $13,574 |
| Oct 2025 | $53,193 | $10,639 |
| Nov 2025 | $41,475 | $8,293 |
| Dec 2025 | $70,539 | $14,101 |
| Jan 2026 | $34,152 | $6,833 |
| Feb 2026 | $48,270 | $9,654 |
| Mar 2026 | $47,940 | $9,588 |
| Apr 2026 | $21,485 | $4,296 |
| May 2026 | $16,592 | $3,316 |
| Jun 2026 | $10,326 | $2,063 |
| Jul 2026 | $2,080 | $415.46 |
| Aug 2026 | $3,238 | $650.16 |
| Sep 2026 | $2,602 | $519.81 |
| Oct 2026 | $267.40 | $54.07 |
| Nov 2026 (to date) | $27.29 | $5.53 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/valantis-stex
Frequently asked questions
What is Valantis STEX's TVL?
As of Nov 6, 2026, Valantis STEX has $2.9m in total value locked. TVL has decreased 27.8% over the past 30 days.
What chains does Valantis STEX operate on?
Valantis STEX operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Valantis STEX generated in fees and revenue?
Over the past 30 days, Valantis STEX generated $176.55 in fees. Of that, $35.58 was protocol revenue. Based on the trailing year, the annualized rate is $287,098 in fees and $57,409 in revenue.
How does Valantis STEX's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Valantis STEX ranks #142 by TVL. The category holds $12.543b across 1,929 protocols, and Valantis STEX accounts for <0.1% of that total. Similar protocols include Uniswap V4, Curve DEX, Hyperliquid Spot Orderbook, Project X, nest CL, Metric V1, Balancer V3, HyperSwap V3, Ramses CL V2, and HyperSwap V2.
How much trading volume does Valantis STEX process?
Valantis STEX processed $2.2m in DEX volume over the past 30 days.