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Entropy
DEXOpen Interest
$65.75mKey Metrics
Volume (30d)$1.489b
7d$522.37m
24h$42.84m
All-time$2.543b
Turnover (30d)22.6x
Markets6
Reference Assets6
Asset Groups4
Share of DEX OI1.2%
Est. Fees (30d)$66,987
24h$1,928
All-time$114,424
Est. Annual$815,002
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| io:anthAnthropic | PE Perp | Permissionless | $48.37m | +4.19% | $9.15m | $87.28m | $288.18m | ANTH-USDC | $1,938 | +0.34% | +0.085% | +4.67% | 1h | 6x | $411.97 | $12,968 |
| io:nbisNebius Group N.V. | Stock Perp | Permissionless | $7.88m | -7.94% | $5.39m | $44.45m | $111.73m | NBIS-USDC | $159.55 | -1.54% | +0.031% | +1.37% | 1h | 15x | $242.45 | $5,028 |
| io:sndkSandisk Corporation | Stock Perp | Permissionless | $7.6m | +1.56% | $22.83m | $350.24m | $1.001b | SNDK-USDC | $1,243 | -3.06% | +0.013% | +1.37% | 1h | 15x | $1,027 | $45,025 |
| io:dramRoundhill Memory ETF | ETF Perp | Permissionless | $1.23m | -7.19% | $4.91m | $34.53m | $74.01m | DRAM-USDC | $47.30 | +0.79% | +0.039% | +1.37% | 1h | 25x | $221.02 | $3,331 |
| io:ewyiShares MSCI South Korea ETF | ETF Perp | Permissionless | $419,003 | +13.85% | $547,597 | $5.55m | $12.64m | EWY-USDC | $151.58 | +0.60% | +0.006% | +1.37% | 1h | 25x | $24.64 | $568.92 |
| io:gproGoPro, Inc. | Stock Perp | Permissionless | $247,270 | +0.56% | $14,874 | $324,784 | $1.47m | GPRO-USDC | $1.01 | -1.36% | +0.214% | +24.76% | 1h | 5x | $0.67 | $66.17 |
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.