ranked by
TradingDefiLlama
Will Hyperliquid’s revenue increase this week?
Quotes fetched just now.
Market details
Ask about Revenue · freeRevenue (24h)
Revenue (30d)$1.247b
Weekly Change-11.80%
| Name | Rights | Category | Definition | ||||
|---|---|---|---|---|---|---|---|
| $17.26m | $121.23m | $523.31m | 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 | |||
| $6.8m | $48.11m | $210.08m | Stablecoin Issuer | USDC: All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle. CCTP: All the fees are revenue | |||
| $1.88m | $13.04m | $67.28m | 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 | |||
| $1.65m | $14.18m | $63.94m | 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 | |||
| $834,522 | $5.3m | $24.16m | Chain | Amount of TRX fees were burned | |||
| $566,911 | $4.03m | $17.8m | RWA | All the fees are revenue | |||
| $429,449 | $3.08m | $13.35m | CDP | Lending: Fees collected minus savings rate paid to DSR depositors. Money: Yields are collected by curators | |||
| $393,721 | $4.23m | $16.34m | 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 | |||
| $368,770 | $2.61m | $11.89m | Lending | All yields from USD1 backing assets investments (Fidelity money market funds) collected by World Liberty Financial | |||
| $333,284 | $4.32m | $19.28m | Physical TCG | Gacha card pack sales and marketplace royalties net of gacha pack buybacks, plus the LP fees the treasury claims from the CARDS/USDC pool, all kept by the protocol | |||
| $329,047 | $2.29m | $9.63m | 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 | |||
| $314,653 | $2.31m | $14.02m | 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 | |||
| $255,755 | $1.71m | $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) | |||
| $237,496 | $2.11m | $15.2m | 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 | |||
| $210,389 | $1.47m | $7.79m | 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 | |||
| $195,596 | $71,857 | $947,926 | Yield | Sum of protocol revenue and holders' revenue | |||
| $185,170 | $1.44m | $11.7m | Trading App | Trading fees retained by GMGN after referral commissions. Solana referral is measured on-chain; EVM referral is estimated at the measured Solana referral rate (~16% of fees) | |||
| $184,383 | $1.41m | $7.35m | 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 | |||
| $173,342 | $1.02m | $3.99m | Gamified Mining | All ORE fees are revenue | |||
| $162,773 | $1.17m | $6.37m | 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 | |||
| $159,455 | $1.05m | $4.94m | Lending | V2, V3: Amount of fees go to Aave treasury. V4: Protocol share of borrow interest plus protocol share of liquidation bonuses | |||
| $158,246 | $848,910 | $9.38m | Launchpad | Fees less the creator share of standard launches and the flywheel share of reward launches, as paid out on-chain. From 2026-08-28, fees paid in STONK and fees from STONK's own pool are excluded: they cannot fund a STONK buyback | |||
| $142,800 | $1.08m | $7.29m | Launchpad | All quote tokens received by the Flap fee Safe, from any sender. Includes native SafeReceived and configured ERC20 quote transfers, plus wrapped-native (e.g. WBNB) transfers from TaxProcessor fee settlement |