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Hermes Trade

Key Metrics

Fees 30d$258.30
Fees 30d by chain

Monad$258.30

Fees 7d$187.34

Monad$187.34

Fees 24h$155

Monad$155

Cumulative Fees$1,314

Monad$1,314

Revenue 30d$258.30
Revenue 30d by chain

Monad$258.30

Revenue 7d$187.34

Monad$187.34

Revenue 24h$155

Monad$155

Cumulative Revenue$1,314

Monad$1,314

DEX Volume 30d$21,331
DEX Volume 30d by chain

Monad$21,331

DEX Volume 7d$5,025

Monad$5,025

DEX Volume 24h$0

Monad$0

Cumulative DEX Volume$270,276

Monad$270,276

DEX Notional Volume 30d$42,666
DEX Notional Volume 30d by chain

Monad$42,666

DEX Notional Volume 7d$10,055

Monad$10,055

DEX Notional Volume 24h$0

Monad$0

Cumulative DEX Notional Volume$543,198

Monad$543,198

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Protocol Information

Hermes Trade is an on-chain prediction market on Monad where users trade outcomit-order-book exchange and a conditional-token framework, using USDC and enzoBTC as collateral.

WebsiteX/Twitter
Category:Prediction Market

Methodology

Fees: Realized trading fees: USDW collateral collected by the Hermes FeeVault, valued 1:1 as USDC. Outcome-token fees are counted once redeemed to USDW at settlement, mirroring DefiLlama's Polymarket fees adapter.View code on GitHubRevenue: All realized fees are retained by the protocol.View code on GitHubDEX Volume: Trading volume from OrderFilled events on the Hermes Trade CLOB exchanges (regular + NegRisk). Only the collateral (USDW, valued as USDC) side of each fill is counted and amounts are halved to correct for the maker + taker double counting, matching the Polymarket methodology.View code on GitHubNotional Volume: Notional volume of all trades on protocolView code on GitHub

Competitors

Levr Bet ($1.84m)Kizzy ($60,852)Polymarket International ($369.02m)Rain ($12.78m)Predict Fun ($10.14m)OPINION ($3.06m)Pascal ($2.35m)Sport.fun ($2.03m)PredictStreet ($1.93m)Trueo ($1.86m)

Hermes Trade history

Fees and revenue by UTC calendar month, Jul 2026 to Oct 2026

MonthFeesRevenue
Jul 2026$686.28$686.28
Aug 2026$173.82$173.82
Sep 2026$206.71$206.71
Oct 2026 (to date)$247.30$247.30

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hermes-trade

Frequently asked questions

What chains does Hermes Trade operate on?

Hermes Trade operates on Monad.

How much has Hermes Trade generated in fees and revenue?

Over the past 30 days, Hermes Trade generated $258.30 in fees. Of that, $258.30 was protocol revenue. Based on the trailing year, the annualized rate is $4,483 in fees and $4,483 in revenue.

How does Hermes Trade's TVL compare to similar protocols?

Among Prediction Market protocols tracked by DefiLlama, Hermes Trade ranks #119 by TVL. The category holds $414.52m across 131 protocols, and Hermes Trade accounts for 0% of that total. Similar protocols include Levr Bet, Kizzy, Polymarket International, Rain, Predict Fun, OPINION, Pascal, Sport.fun, PredictStreet, and Trueo.

How much trading volume does Hermes Trade process?

Hermes Trade processed $21,331 in DEX volume over the past 30 days.