Key Metrics
Fees 30d$77.85m
Fees 30d by chain
Hyperliquid L1$77.85m
Fees 7d$17.8m
Hyperliquid L1$17.8m
Fees 24h$2.07m
Hyperliquid L1$2.07m
Cumulative Fees$1.606b
Hyperliquid L1$1.606b
Revenue 30d$62.19m
Revenue 30d by chain
Hyperliquid L1$62.19m
Revenue 7d$13.83m
Hyperliquid L1$13.83m
Revenue 24h$1.62m
Hyperliquid L1$1.62m
Cumulative Revenue$1.32b
Hyperliquid L1$1.32b
Holders Revenue 30d$62.19m
Holders Revenue 30d by chain
Hyperliquid L1$62.19m
Holders Revenue 7d$13.83m
Hyperliquid L1$13.83m
Holders Revenue 24h$1.62m
Hyperliquid L1$1.62m
Cumulative Holders Revenue$1.32b
Hyperliquid L1$1.32b
Perp Volume 30d$206.19b
Perp Volume 30d by chain
Hyperliquid L1$206.19b
Perp Volume 7d$48.965b
Hyperliquid L1$48.965b
Perp Volume 24h$5.954b
Hyperliquid L1$5.954b
Cumulative Perp Volume$5.604t
Hyperliquid L1$5.604t
Liquidation Volume 30d$1.797b
Liquidation Volume 30d by chain
Hyperliquid L1$1.797b
Liquidation Volume 7d$408.4m
Hyperliquid L1$408.4m
Liquidation Volume 24h$18.56m
Hyperliquid L1$18.56m
Cumulative Liquidation Volume$35.686b
Hyperliquid L1$35.686b
Open Interest$7.822b
Protocol Information
Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading. Beyond its flagship decentralized exchange (DEX), the ecosystem supports borrowing, lending, RWAs, and a full-fledged EVM.
Methodology
Fees: Include perps trading fees on crypto and HIP-3 deployed markets + builders fees, plus Hyperliquid's 90% share of cost-adjusted reserve yield from AQAv2 stablecoin deployers since 27 Aug 2026, excluding all spot fees.View code on GitHubRevenue: 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.View code on GitHubHolders Revenue: 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.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubLiquidation Volume: Total USD notional of liquidated positions, from the `amountQuote` field of ClearingHouse `Liquidation` events.View code on GitHubCompetitors
Hyperliquid Perps history
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $10.42m | $10.11m | $10.11m |
| Jan 2025 | $49.76m | $48.26m | $48.26m |
| Feb 2025 | $44.79m | $43.45m | $43.45m |
| Mar 2025 | $39.3m | $38.13m | $38.13m |
| Apr 2025 | $42.39m | $41.12m | $41.12m |
| May 2025 | $69.12m | $67.05m | $67.05m |
| Jun 2025 | $59.19m | $57.42m | $57.42m |
| Jul 2025 | $91.06m | $88.33m | $88.33m |
| Aug 2025 | $131.23m | $107.5m | $107.5m |
| Sep 2025 | $101.67m | $75.36m | $75.36m |
| Oct 2025 | $117.13m | $92.15m | $92.15m |
| Nov 2025 | $96.11m | $74.23m | $74.23m |
| Dec 2025 | $65.41m | $49.06m | $49.06m |
| Jan 2026 | $74.17m | $57.82m | $57.82m |
| Feb 2026 | $67.81m | $52.17m | $52.17m |
| Mar 2026 | $66.98m | $49.95m | $49.95m |
| Apr 2026 | $56.58m | $41.1m | $41.1m |
| May 2026 | $59.41m | $44.34m | $44.34m |
| Jun 2026 | $77.66m | $57.68m | $57.68m |
| Jul 2026 | $53.36m | $37.32m | $37.32m |
| Aug 2026 | $74.95m | $59.51m | $59.51m |
| Sep 2026 | $88.1m | $72.06m | $72.06m |
| Oct 2026 (to date) | $69.84m | $55.66m | $55.66m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperliquid-perps
Frequently asked questions
What chains does Hyperliquid Perps operate on?
Hyperliquid Perps operates on Hyperliquid L1.
How much has Hyperliquid Perps generated in fees and revenue?
Over the past 30 days, Hyperliquid Perps generated $77.85m in fees. Of that, $62.19m was protocol revenue. Based on the trailing year, the annualized rate is $865.5m in fees and $662.58m in revenue.
How does Hyperliquid Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Hyperliquid Perps ranks #350 by TVL. The category holds $1.965b across 426 protocols, and Hyperliquid Perps accounts for 0% of that total. Similar protocols include Hyperliquid HLP, Papertrade, Bounce.Tech, Derive V2, SIR, Racks, Jupiter Perpetual Exchange, GMX EVM, Lighter Robinhood Perps, and Extended Perps.
How much perpetual futures volume does Hyperliquid Perps process?
Hyperliquid Perps processed $206.19b in perpetual futures volume over the past 30 days.