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Hyperliquid November revenue exceeds $70M?
Quotes fetched just now.
Revenue so far$3.62m
Market threshold$70m
At this month's daily average$54.34m
Sep 2026$74.19m
Oct 2026$69.13m
Threshold $70m
Nov 1, 2026Dashed line: this month's daily average to the end of the periodNov 30, 2026
Revenue so far: completed UTC days from Nov 1, 2026 00:00 UTC to Nov 3, 2026 00:00 UTC
Market details
Revenue (24h)
Revenue (30d)$1.252b
Weekly Change+7.26%
| Name | Rights | Category | Definition | ||||
|---|---|---|---|---|---|---|---|
| $16.76m | $118.88m | $520.39m | Stablecoin Issuer | Asset yields from USDT backing investments (US Treasury Bills and other fixed-income assets like repos, commercial paper, money market funds and secured loans) collected by Tether | |||
| $6.74m | $47.41m | $208.03m | Stablecoin Issuer | USDC: All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle. CCTP: All the fees are revenue | |||
| $2.39m | $17.16m | $66.29m | Derivatives | HLP: No revenue. Perps: 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees, plus Hyperliquid's 90% share of AQAv2 stablecoin reserve yield since 27 Aug 2026. Spot Orderbook: 97% of spot trading fees before 30 Aug 2025 and 99% thereafter, after builder code fees and maker rebates, go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees; HYPE paid in successful HIP-1 token-deployment auctions is burned. Outcomes: 99% of outcome fees net of builder-code fees, sent to the Assistance Fund to buy HYPE | |||
| $1.64m | $11.39m | $61.73m | Launchpad | pump.fun: Pump's slice of the bonding-curve trade fee plus graduation fees, Mayhem-mode fees and the Platform Fee. Swap: Revenue kept by the protocol, which is the 0.05% protocol fee from each trade. Terminal: Trading terminal fees retained by Pump.fun after cashback/referral payouts. pump.fun Mobile App: Pump's protocol slice of bonding-curve fees plus the PumpSwap protocol fee on app trades | |||
| $795,928 | $5.02m | $23.2m | Chain | Amount of TRX fees were burned | |||
| $548,233 | $3.84m | $16.85m | Prediction Market | International: Fees going to protocol address post maker rebate, taker rebate, referral reward, liquidity and holding rewards distribution. Combos: All taker fees on combo trades go to Polymarket | |||
| $538,244 | $3.88m | $17.44m | RWA | All the fees are revenue | |||
| $443,825 | $3.13m | $13.37m | CDP | Lending: Fees collected minus savings rate paid to DSR depositors. Money: Yields are collected by curators | |||
| $359,386 | $2.54m | $11.57m | Lending | All yields from USD1 backing assets investments (Fidelity money market funds) collected by World Liberty Financial | |||
| $311,998 | $2.29m | $9.74m | Stablecoin Issuer | Gold: All the fees go to the protocol. Stablecoin Issuer: All the yields from Paypal USD and Binance USD backing are revenue for Paxos | |||
| $286,802 | $720,232 | $3.42m | Dexs | DAMM V1: Meteora's cut of swap fees: 20% on volatile pools and 0% on stable pools, sent to the treasury. DLMM: Protocol share of swap fees, after host fees. DAMM V2: Protocol share of swap fees, net of referral fees. Dynamic Bonding Curve: Protocol fees collected by Meteora DBC protocol | |||
| $262,340 | $1.86m | $11.72m | Trading App | Axiom: Revenue is fees retained by Axiom after deducting referral and cashback payouts. Axiom Perps: Builder Code Fees collected by Axiom from Hyperliquid Perps | |||
| $261,497 | $1.25m | $4.38m | Gamified Mining | All ORE fees are revenue | |||
| $255,613 | $1.74m | $7.51m | Dexs | Velodrome V1: Swap fees distributed to VELO token holders. Velodrome V2: Swap fees earned by liquidity staked in gauges and bribes, paid to veVELO voters, plus the staked-liquidity fees locked in the gauges since their last fee distribution ahead of the Aero upgrade (2026-10-15 on Optimism and Ink, earlier on the other chains). drome V1: Swap fees earned by liquidity staked in gauges and bribes, paid to veAERO voters, plus the staked-liquidity fees locked in the gauges since their last fee distribution on 2026-10-15. Velodrome V3: The share of swap fees earned by liquidity staked in a gauge, plus the rake taken from unstaked liquidity: paid to veVELO voters until the gauges last distributed fees ahead of the Aero upgrade (2026-10-15 on Optimism and Ink, earlier on the other chains), locked in the gauges after that. drome Slipstream: Swap fees earned by liquidity staked in gauges plus the cut taken from unstaked liquidity, and bribes, paid to veAERO voters, plus those staked-liquidity fees locked in the gauges since their last fee distribution on 2026-10-15. Slipstream: Swap fees earned by AERO-earning liquidity, the protocol share of fee-earning liquidity fees and bribes, all distributed to sAERO holders. Basic: Swap fees earned by AERO-earning liquidity and bribes, all distributed to sAERO holders | |||
| $237,259 | $1.74m | $7.36m | Stablecoin Issuer | All yields from RLUSD backing assets (U.S. Treasury bills and government money-market funds) collected by Standard Custody & Trust Company (Ripple) | |||
| $225,276 | $1.86m | $12.02m | Trading App | Wallet: FOMO's share of trading fees: USDC collected on native Solana swaps plus Relay platform fees. Referral fees are excluded. Perps: Builder code revenue from Hyperliquid Perps Trades. Spot: Builder-code fees on Hyperliquid spot trades, all kept by the builder. Outcome: Builder-code fees on Hyperliquid HIP-4 outcome trades, all kept by the builder | |||
| $203,439 | -$295,305 | -$2.7m | NFT Marketplace | Fees minus supply-side revenue. Note: Stars purchased via Apple Pay/Google Pay are settled off-chain but paid out on-chain, so on-chain revenue may understate actual revenue | |||
| $199,128 | $1.2m | $5.07m | Derivatives | Perps: Protocol revenue from maker fees, taker fees, transfer fees, and withdraw fees. Liquidation fees are excluded as they go directly to LLP. Spot: Protocol revenue from maker fees, taker fees, transfer fees, and withdraw fees. Robinhood Perps: Protocol revenue from maker, taker, transfer and withdrawal fees. Liquidation fees are excluded — they go to the LLP (see SupplySideRevenue) | |||
| $192,374 | $1.32m | $6m | Wallets | Wallet: Fees collected by Phantom. Perps: Builder Code Fees collected by Phantom from Hyperliquid Perps as Frontend Fees. Spot: Builder-code fees on Hyperliquid spot trades, all kept by the builder. Outcome: Builder-code fees on Hyperliquid HIP-4 outcome trades, all kept by the builder | |||
| $175,078 | $744,604 | $4.21m | Derivatives | V1 EVM: Revenue is 30% of all collected fees, which goes to GMX stakers. EVM: 37% of all collected fees - split between protocol treasury (10%) and GMX token holders (27%). Solana: 99% of all collected fees since 28 September 2026 (GT Buyback Season 2), 25% from 16 January 2026, 70% before | |||
| $172,211 | $2.84m | $7.98m | Dexs | V1: Protocol makes no revenue. V2: From 28 Dec 2025, 17% (0% before) fees on Ethereum, From 8 Mar 2026, 17% (0% before) fees on Optimism, Arbitrum, Base, Zora, XLayer chains shared to buy back and burn UNI. (Tracked combined in Uniswap V3 adapter). V3: From 28 Dec 2025, a portion of fees a collected to buy back and burn UNI on Ethereum, From 8 Mar 2026, on Optimism, Arbitrum, Base, WC, Zora, XLayer, From 2 Jun 2026, on Polygon, BSC, Celo, From 27 Jul 2026, on Robinhood. V4: Fee switch enabled on 27 Jul 2026 (tracked in uniswap-v3 adapter), a part of fees collected to buy back and burn UNI | |||
| $157,375 | $702,211 | $2.47m | Interface | Half of the fees goes to the protocol and rest to hyperliquid | |||
| $155,547 | $1.03m | $3.85m | Derivatives | Aggregator: Jupiter platform fees from Ultra aggregation service. Perpetual Exchange: 25% of total fees goes to protocol treasury and JUP holders. Ape Jupiter: All fees collected by protocol. Staked SOL: Includes withdrawal fees and management fees collected by fee collector. DCA: Legacy DCA fees and Trigger V2 fees collected by Jupiter. Trigger V2 fees are also part of the Jupiter aggregator adapter, hence this adapter is marked as double counted. Studio: Fees collected by Jup Studio. Lend: Amount of interest share to Jupiter and JUP token holders. Prediction: Jupiter doesnt keep any fees as of now, all the fees goes to kalshi. Limit: All fees collected by Jupiter from limit order executions. Offerbook: The protocol's share: the repayment fee (10% of interest) it takes from borrow interest, plus all loan origination fees (25% of interest) and collateral claim fees (0.1% of collateral, excluding NFT/RWA). Lend DEX: Jupiter's share of the protocol cut: fees x (revenue_cut/1e6) x 50%. YOLO: All profit fees, kept by Jupiter in a fee balance of the YOLO program separate from the house bankroll; there are no liquidity providers |