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Hyperliquid November revenue exceeds $70M?

Trade Yes 24.8%Trade No 74.4%

Quotes fetched just now.

Revenue so far$26.43m

Market threshold$70m

At this month's daily average$66.09m

Sep 2026$74.19m

Oct 2026$69.13m

DefiLlama dataOdds history

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 13, 2026 00:00 UTC

Market details

Ask about Revenue · free

Scan X sentiment on Hyperliquid and Pump revenue: which has stronger momentum this week?Total revenue fell 12.2% weekly, yet Polymarket made $749.6K daily: what explains the divergence?Set an exit trigger for a $25K Polymarket position using its revenue trend versus Hyperliquid?Research Polymarket’s revenue sources and compare its sustainability with Hyperliquid’s.Circle made $6.7M daily, while Tron made $765.8K: how much comes from fees versus retained revenue?

As of Nov 13, 2026, revenue across all chains totaled $37.24m in the last 24 hours and $254.58m in the last 7 days; the largest protocols are Tether ($16.96m), Circle ($6.79m) and Hyperliquid ($2.03m).

Revenue (24h)

as of Nov 13, 2026

$37.24m

Revenue (30d)$1.195b

Weekly Change-7.08%

Top gainers (7d)

See all

Venice$623,331+298%

Central City$1.03m+220%

THORChain DEX$509,756+56.93%

Top losers (7d)

See all

Titan Builder$1.32m-86.47%

Curve Finance$451,459-63.29%

Ethereum$469,413-58.47%

Combined

DWMQYC

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AllGainersLosers

8Columns91Category.csv

Name	Revenue 24h	Revenue 7d	Change 7d	Revenue 30d	Rating	Rights	Category	Definition
Tether1 chain	$16.96m	$116.86m	-0.83%	$513.46m			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
Circle19 chains	$6.79m	$46.9m	-0.89%	$205.06m			Stablecoin Issuer	USDC: All yields from USDC backing cash-equivalent assets, and US Treasury Bills collected by Circle. CCTP: All the fees are revenue
Hyperliquid1 chain	$2.03m	$14.36m	-15.82%	$68.68m	A		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
Papertrade1 chain	$1.61m	$3.38m	+37.76%	$37.46m			Derivatives	All fees: half of the 2% fees to PAPER stakers, half to the dev fee recipient, and LP profits above the $5M cap to PAPER stakers
Pump5 chains	$1.31m	$8.48m	-18.60%	$48.43m	BB		Launchpad	pump.fun: Pump's slice of the bonding-curve trade fee plus graduation fees, Mayhem-mode fees and the website app 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: 0.45% app fee paid on pump.fun mobile app trades, kept by pump.fun. pump.fun Perps: Builder-code fees received by the Pump.fun builder account, before any subsequent referral or callout reward payouts
Chainlink6 chains	$1.06m	$1.06m	+4.75%	$5.34m			Services	All the LINK tokens transferred from the PaymentAbstractionLayer to the Reserve contract
Titan Builder1 chain	$840,703	$1.32m	-86.47%	$28.19m			Block Builders	Earning from total fees minus total priority rewards paid to validators
Tron1 chain	$801,822	$5.3m	-18.37%	$24.62m	BB		Chain	Amount of TRX fees were burned
Polymarket1 chain	$602,498	$4.82m	+1.64%	$18.84m			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
Sky1 chain	$532,794	$3.05m	-1.83%	$13.24m	BB		CDP	Lending: Fees collected minus savings rate paid to DSR depositors. Money: Yields are collected by curators
Grayscale1 chain	$511,345	$3.64m	-4.77%	$16.7m			RWA	All the fees are revenue
fomo9 chains	$372,116	$1.75m		$9.31m			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
Aero16 chains	$356,272	$1.82m	-0.67%	$7.66m			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
Aave22 chains	$344,249	$1.27m	-8.09%	$5.17m	AA		Lending	V2, V3: Amount of fees go to Aave treasury. V4: Protocol share of borrow interest plus protocol share of liquidation bonuses
Axiom Pro8 chains	$334,743	$1.53m		$8.9m			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
Uniswap50 chains	$319,848	$1.39m	-37.22%	$8.15m	AA		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, From 5 Oct 2026, on Arc. V4: Fee switch enabled on 27 Jul 2026 (tracked in uniswap-v3 adapter), a part of fees collected to buy back and burn UNI
Paxos2 chains	$318,930	$2.14m	-3.10%	$9.57m			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
World Liberty Financial1 chain	$310,742	$2.24m	-10.78%	$10.79m			Lending	All yields from USD1 backing assets investments (Fidelity money market funds) collected by World Liberty Financial
Ripple USD1 chain	$273,799	$1.87m	+7.60%	$7.53m			Stablecoin Issuer	All yields from RLUSD backing assets (U.S. Treasury bills and government money-market funds) collected by Standard Custody & Trust Company (Ripple)
AZverse1 chain	$220,647	$1.11m	+32.13%	$2.8m			Derivatives	Perps: Perpetual trading fees retained by AZverse after builder revenue shares. Spot: Spot trading fees retained by AZverse after builder revenue shares
Phantom6 chains	$210,084	$1.33m	-6.10%	$5.82m			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
Lighter2 chains	$187,134	$1.23m	-7.86%	$5.42m			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)
GMGN11 chains	$170,264	$1.19m	+14.00%	$6.06m			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)
trade[XYZ]1 chain	$164,351	$849,245	+0.15%	$3.23m			Interface	Half of the fees goes to the protocol and rest to hyperliquid
Collector Crypt3 chains	$162,803	$1.43m	-42.52%	$14.49m	CCC		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
Flap sh4 chains	$130,500	$892,401	+3.65%	$4.51m			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
Pacifica1 chain	$127,555	$740,369	-7.38%	$3.38m			Derivatives	Fees kept by the protocol, i.e. gross fees minus the maker rebates. Affiliate fee-share is not exposed by the API, so it is not deducted here
Jupiter1 chain	$126,151	$832,005	-43.96%	$5.12m	BBB		Derivatives	Aggregator: All Jupiter platform fees on swaps, kept by Jupiter. Perpetual Exchange: 25% of all fees, sent to Jupiter. Ape Jupiter: All fees collected by protocol. Staked SOL: Jupiter's 2.5% of pool rewards (half of the 5% pool fee), Jupiter's validator commission, plus deposit and withdrawal fees. DCA: All DCA fees, kept by Jupiter. Studio: Jup Studio's share of bonding-curve trading fees (after the token creator's share) and its fees from migrated DAMM v2 pools. Lend: Jupiter's share of borrow interest, half of the reserve cut (the other half goes to Fluid). Prediction: Jupiter's share of prediction fees, counted from 2026-01-01. JupUSD: The share of JupUSD reserve yield kept by Jupiter. Limit: All limit order fees, kept by Jupiter. z: All JupiterZ fees, kept by Jupiter. Offerbook: Jupiter's protocol fees, and interest on loans Jupiter funds, less losses on those loans. Lend DEX: Jupiter's share of the protocol cut of swap fees. YOLO: All profit fees, kept by Jupiter. There are no liquidity providers. Native Staking: Commission and priority fees kept by Jupiter. VRFD: All verification fees, kept by Jupiter. Developer Platform: All Developer Platform fees, kept by Jupiter. Rent Reclaim: All rent reclaim fees, kept by Jupiter. Vaults: The protocol's share of performance and management fees. The program's protocol fee rate is currently 0
ether.fi3 chains	$125,540	$877,107	-17.06%	$3.86m	AA		Crypto Card Issuer	Stake: Protocol's share of fees including management fees from staking/restaking and validator operations rewards. Liquid: Protocol's share of fees including liquid vault management fees. EtherFi Borrowing Market: Protocol's share of fees from borrow interest: all of it on the DebtManager, 80% of the liquidity fee on the Aave V4 instance. EtherFi Cash Liquid: Estimated 1.38% transaction fee on card spending
Meteora1 chain	$122,281	$509,141		$2.81m	AA		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
PancakeSwap12 chains	$109,173	$740,541	-22.13%	$3.61m	CCC		Dexs	AMM: All revenue generated comes from user fees. StableSwap: Half of the swap fees (the pool admin fee); the other half stays with liquidity providers. AMM V3: Pancakeswap collects amount of swap fees for Treasury and buy back CAKE. Infinity: Share of swap fees to protocol and holders. Prediction: All of the fee is kept. Winners are paid out of the losing stakes, so there are no liquidity providers or market makers taking a share. Lottery: 20% of the lottery amount goes to CAKE buy-back and burn
ORE Protocol1 chain	$107,024	$825,956	-31.37%	$4.26m			Gamified Mining	All ORE fees are revenue
MetaMask12 chains	$102,578	$623,830	-40.26%	$3.76m			Wallets	Wallet: Fees collected by Metamask paid by users for trading, swapping, bridging in Metamask wallet. USD: All accrued M yield is allocated to the mUSD yield recipient. Perps: Builder code revenue from Hyperliquid Perps Trades. Predictions: 75% of builder fees from trades on Polymarket v2, kept by MetaMask
Antarctic1 chain	$101,613	$469,404	+24.97%	$1.43m			Derivatives	Share of 40% total trading fees
Ethereum1 chain	$101,214	$469,413	-58.47%	$6.23m			Chain	Amount of ETH burned — base fees plus blob fees (both are permanently burned, accruing to no proposer)
Fidelity Crypto Fund1 chain	$98,606	$700,194	-3.96%	$3.19m			CeDeFi	All management fees are retained by Fidelity
NEAR Protocol2 chains	$97,308	$431,999	+20.06%	$1.94m	A		Bridge	NEAR Intents: NEAR's net captured revenue, measured as NEAR/wNEAR swept into its revenue wallets (reconciles with revenue.near.org and the on-chain buyback). Split by destination wallet into front-end affiliate revenue and Other. Transfers between those wallets are excluded. Near Perps: Builder code revenue from Hyperliquid Perps Trades
GMX4 chains	$94,969	$673,131	-34.01%	$3.78m	BBB		Derivatives	V1 EVM: Revenue is 30% of all collected fees, which goes to GMX stakers. EVM: 37% of position fees (after referral rebates) and of borrowing, liquidation and swap fees, split between protocol treasury (10%) and GMX token holders (27%); distributed price impact goes to liquidity providers instead. Solana: 99% of all collected fees since 28 September 2026 (GT Buyback Season 2), 25% from 16 January 2026, 70% before
Trust Wallet8 chains	$93,393	$596,329	+0.10%	$2.31m			Wallets	Wallet: Fees collected by Trust Wallet, less the share of the Safe 0x92f980a7 that its sweeps send to SwapKit. Perps: Builder code revenue from Hyperliquid Perps Trades
Defi Saver2 chains	$92,503	$159,379	+36.80%	$377,052			CDP Manager	Asset Management: Total fees paid are distributed to DefiSaver. Perps: Builder code revenue from Hyperliquid Perps Trades
XOX Perps1 chain	$92,421	$466,090	+23.54%	$1.18m			Interface	The builder fee share retained by XOX
Base1 chain	$88,996	$655,077	+7.43%	$2.57m			Chain	Burned coins
DEX Screener4 chains	$84,753	$589,381	+3.32%	$2.72m			Coins Tracker	All fees collected by Dexscreener
Securitize14 chains	$83,632	$590,007	-1.99%	$2.59m			RWA	BlackRock BUIDL: Management fees (18-50 bps depending on the blockchain and BUIDL share class). Apollo Diversified Credit Securitize Fund: Includes 0.5% management fees collected by the protocol. VanEck Treasury Fund: Includes 0.2% management fees collected by the protocol. Blockchain Capital: Includes 2.5% management fees collected by the protocol. Hamilton Lane Senior Credit Opportunities Securitize Fund: Includes 2% management fees collected by the protocol. Mantle Index Four Fund: Management fees are revenue. Tokenized AAA CLO Fund: Includes 0.3% management fees collected by the protocol
Lido1 chain	$78,201	$620,601	-46.06%	$2.97m	AA		Liquid Staking	Lido takes a 10% fee on staking rewards; Revenue is only the DAO-treasury portion of that fee (net of the node-operator share, which is a cost of production booked as SupplySideRevenue). From Lido V2 (first report 2023-05-16) the treasury/operator split is the validator-share-weighted aggregate read from the StakingRouter at the oracle report's block; before V2 the split was a fixed 5%/5%, so half the fee is treasury. Rewards Share payouts to partners and Curated Module tier rebates, which the DAO pays out of its share through the Rewards Share Easy Track, are deducted on the day they are paid
Courtyard1 chain	$72,448	$427,247	-13.15%	$2.08m			Physical TCG	Revenue from nfts sales + marketplace fees/royalties
Shoebill Finance2 chains	$60,449	$91,650	+45.54%	$251,904			Lending	Protocol's share of interest treasury
Arcus1 chain	$59,844	$326,714	-20.96%	$1.65m			Derivatives	Trading and liquidation fees kept by Arcus after maker rebates and referral payouts
Saturn1 chain	$59,817	$62,605	-3.42%	$243,607			Stablecoin Wrapper	Saturn earns sUSDat deposit fees, and 10% performance fee on the yield generated by sUSDat
Predict Fun1 chain	$59,325	$368,253	-16.65%	$2.09m			Prediction Market	Trading fees retained by the protocol after refunds, maker rebates, and referral fees are distributed to the supply side