Total Value Locked$162.36m
TVL by Chain
Hyperliquid L1$162.36m
Key Metrics
Fees 30d$2.19m
Fees 30d by chain
Hyperliquid L1$2.19m
Fees 7d$446,142
Hyperliquid L1$446,142
Fees 24h$43,127
Hyperliquid L1$43,127
Cumulative Fees$68.44m
Hyperliquid L1$68.44m
Revenue 30d$1.68m
Revenue 30d by chain
Hyperliquid L1$1.68m
Revenue 7d$323,802
Hyperliquid L1$323,802
Revenue 24h$28,801
Hyperliquid L1$28,801
Cumulative Revenue$53.6m
Hyperliquid L1$53.6m
Holders Revenue 30d$1.68m
Holders Revenue 30d by chain
Hyperliquid L1$1.68m
Holders Revenue 7d$323,802
Hyperliquid L1$323,802
Holders Revenue 24h$28,801
Hyperliquid L1$28,801
Cumulative Holders Revenue$53.6m
Hyperliquid L1$53.6m
DEX Volume 30d$3.665b
DEX Volume 30d by chain
Hyperliquid L1$3.665b
DEX Volume 7d$779.23m
Hyperliquid L1$779.23m
DEX Volume 24h$81.99m
Hyperliquid L1$81.99m
Cumulative DEX Volume$172.378b
Hyperliquid L1$172.378b
Protocol Information
Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading. The order book is fully onchain, and orders are matched in price-time priority. Every order, cancel, trade, and liquidation happens transparently.
Sub Category: Order Book
Methodology
TVL: TVL represents assets locked in limit order on the spot order bookView code on GitHubFees: Include spot trading fees (builder code fees included), unit protocol fees, and HYPE burned in successful HIP-1 token-deployment auctions, excluding perps fees.View code on GitHubRevenue: 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.View code on GitHubHolders Revenue: 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 permanently burned.View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Hyperliquid Spot Orderbook history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 7, 2025 to Oct 27, 2026.
All-time high TVL: $205.91m on Sep 29, 2025. All-time low TVL: $73.63m on Apr 7, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $192.23m |
| Sep 29, 2026 | $182.04m |
| Sep 30, 2026 | $186.92m |
| Oct 1, 2026 | $184.72m |
| Oct 2, 2026 | $175.22m |
| Oct 3, 2026 | $173.24m |
| Oct 4, 2026 | $179.95m |
| Oct 5, 2026 | $180.26m |
| Oct 6, 2026 | $179.18m |
| Oct 7, 2026 | $180.7m |
| Oct 8, 2026 | $166.8m |
| Oct 9, 2026 | $158.44m |
| Oct 10, 2026 | $159.15m |
| Oct 11, 2026 | $167.84m |
| Oct 12, 2026 | $167.13m |
| Oct 13, 2026 | $149.38m |
| Oct 14, 2026 | $156.81m |
| Oct 15, 2026 | $155.85m |
| Oct 16, 2026 | $166.55m |
| Oct 17, 2026 | $155.05m |
| Oct 18, 2026 | $140.43m |
| Oct 19, 2026 | $146.98m |
| Oct 20, 2026 | $140.47m |
| Oct 21, 2026 | $159.44m |
| Oct 22, 2026 | $158.11m |
| Oct 23, 2026 | $137.49m |
| Oct 24, 2026 | $134.58m |
| Oct 25, 2026 | $138.81m |
| Oct 26, 2026 | $130.43m |
| Oct 27, 2026 | $147.07m |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $130.51m |
| Mar 31, 2025 | $87.18m |
| Apr 30, 2025 | $98.51m |
| May 31, 2025 | $134.89m |
| Jun 30, 2025 | $149.23m |
| Jul 31, 2025 | $166.83m |
| Aug 31, 2025 | $157.95m |
| Sep 30, 2025 | $202.88m |
| Oct 31, 2025 | $146.32m |
| Nov 30, 2025 | $141.01m |
| Dec 31, 2025 | $142.06m |
| Jan 31, 2026 | $141.46m |
| Feb 28, 2026 | $172.85m |
| Mar 31, 2026 | $170.48m |
| Apr 30, 2026 | $163.25m |
| May 31, 2026 | $161.68m |
| Jun 30, 2026 | $183.23m |
| Jul 31, 2026 | $136.56m |
| Aug 31, 2026 | $168.87m |
| Sep 30, 2026 | $186.92m |
| Oct 27, 2026 (latest) | $147.07m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $411,908 | $399,549 | $399,549 |
| Jan 2025 | $889,534 | $862,851 | $862,851 |
| Feb 2025 | $780,052 | $756,649 | $756,649 |
| Mar 2025 | $585,355 | $567,794 | $567,794 |
| Apr 2025 | $554,771 | $538,127 | $538,127 |
| May 2025 | $1.73m | $1.68m | $1.68m |
| Jun 2025 | $2.11m | $2.04m | $2.04m |
| Jul 2025 | $2.54m | $2.47m | $2.47m |
| Aug 2025 | $10.26m | $6.36m | $6.36m |
| Sep 2025 | $12.74m | $9.84m | $9.84m |
| Oct 2025 | $6.73m | $5.05m | $5.05m |
| Nov 2025 | $4.49m | $3.43m | $3.43m |
| Dec 2025 | $2.82m | $2.15m | $2.15m |
| Jan 2026 | $2.51m | $2.02m | $2.02m |
| Feb 2026 | $2.34m | $1.83m | $1.83m |
| Mar 2026 | $1.99m | $1.55m | $1.55m |
| Apr 2026 | $1.66m | $1.26m | $1.26m |
| May 2026 | $2.31m | $1.99m | $1.99m |
| Jun 2026 | $2.71m | $2.28m | $2.28m |
| Jul 2026 | $1.39m | $1.1m | $1.1m |
| Aug 2026 | $2.29m | $1.84m | $1.84m |
| Sep 2026 | $2.61m | $2.08m | $2.08m |
| Oct 2026 (to date) | $1.98m | $1.52m | $1.52m |
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-spot-orderbook
Frequently asked questions
What is Hyperliquid Spot Orderbook's TVL?
As of Oct 27, 2026, Hyperliquid Spot Orderbook has $162.36m in total value locked. TVL has decreased 18% over the past 30 days.
What chains does Hyperliquid Spot Orderbook operate on?
Hyperliquid Spot Orderbook operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Hyperliquid Spot Orderbook generated in fees and revenue?
Over the past 30 days, Hyperliquid Spot Orderbook generated $2.19m in fees. Of that, $1.68m was protocol revenue. Based on the trailing year, the annualized rate is $29.89m in fees and $23.66m in revenue.
How does Hyperliquid Spot Orderbook's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Hyperliquid Spot Orderbook ranks #16 by TVL. The category holds $13.567b across 1,923 protocols, and Hyperliquid Spot Orderbook accounts for 1.2% of that total. Similar protocols include Curve DEX, Project X, nest CL, Metric V1, Balancer V3, Ramses CL V2, HyperSwap V3, HyperSwap V2, Valantis STEX, and WOOFi Swap.
How much trading volume does Hyperliquid Spot Orderbook process?
Hyperliquid Spot Orderbook processed $3.665b in DEX volume over the past 30 days.