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Entropy
DEXOpen Interest
$56.55m-1.14%over 24h
Key Metrics
Volume (30d)$875.99m
7d$343.24m
24h$60.44m
All-time$1.59b
15.5x
Markets6
Reference assets6
Asset groups4
1%
Est. Fees (30d)$39,420
24h$2,720
All-time$71,540
$479,604
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| io:anthAnthropic | PE Perp | Permissionless | $42.31m | +3.44% | $17.72m | $75.09m | $224.13m | ANTH-USDC | $2,072 | -1.71% | +0.088% | +8.61% | 1h | 6x | $797.26 | $10,086 |
| io:nbisNebius Group N.V. | Stock Perp | Permissionless | $8.09m | -12.15% | $6.97m | $43.9m | $43.9m | NBIS-USDC | $221.42 | -3.88% | +0.11% | +17.50% | 1h | 15x | $313.67 | $1,976 |
| io:sndkSandisk Corporation | Stock Perp | Permissionless | $4.6m | -15.13% | $33.48m | $199.83m | $583.54m | SNDK-USDC | $1,605 | -2.69% | +0.041% | +20.56% | 1h | 10x | $1,506 | $26,259 |
| io:dramRoundhill Memory ETF | ETF Perp | Permissionless | $800,755 | +1.27% | $1.83m | $20.74m | $20.74m | DRAM-USDC | $57.26 | -2.07% | +0.064% | +18.21% | 1h | 25x | $82.13 | $933.26 |
| io:ewyiShares MSCI South Korea ETF | ETF Perp | Permissionless | $408,430 | -16.71% | $379,171 | $2.96m | $2.96m | EWY-USDC | $177.43 | -0.78% | +0.04% | +7.05% | 1h | 25x | $17.06 | $133.30 |
| io:gproGoPro, Inc. | Stock Perp | Permissionless | $352,442 | -12.90% | $77,296 | $720,717 | $720,717 | GPRO-USDC | $1.22 | -0.21% | +0.185% | +48.74% | 1h | 5x | $3.48 | $32.43 |
About Entropy
Entropy is a HIP-3 builder-deployed perpetual venue on Hyperliquid operating the 'io' dex namespace, launched 2026-08-18 with equity, index and pre-IPO perpetual markets. Deployer 0x320c8988e3d1b5198f335802d7bfd2728a8fcac6; oracle updater 0x94757f8dcb4bf73b850195660e959d1105cfedd5. Markets cash-settle in USDC. Pre-IPO markets quote in market-cap units rather than per-share prices and carry a two-year no-IPO resolution that settles to the 30-day trailing TWAP of the mark.
Entity
Legal entityEntropy
Primary chainHyperliquid L1
Registry
Publicly announced a $14M raise led by Ribbit Capital plus a $40M HYPE stake (issuer claim, not independently verified as of 2026-08-25). Operates the 'io' HIP-3 namespace on Hyperliquid.
Markets
Open interest by asset group
Asset classes
Fees & revenue
Revenue modelMaker/Taker Fees
ConfidenceIssuer-Disclosed
Margin settlement assetsUSDC (Hyperliquid)
Fees last verified2026-08-25
HIP-3 builder-deployer on Hyperliquid. Fees are 2x the standard HL perp schedule (3.0 bps maker / 9.0 bps taker), protocol fee split evenly with Hyperliquid; deployerFeeScale 1.0. Both live markets have growth mode enabled (2026-08-19), scaling all fees, rebates and volume contribution by 0.1, so the effective schedule is 0.30 bps maker / 0.90 bps taker. Funding is peer-to-peer with no exchange cut, so there is no funding skim.