Ask about Hypersurface · freeTotal Value Locked$366,823
TVL by Chain
Hyperliquid L1$366,672
Base$150.56
Key Metrics
Cumulative Fees$47
Cumulative Fees by chain
Hyperliquid L1$47
Base$0
Options Premium Volume 30d$8,228
Options Premium Volume 7d$6,735
Options Premium Volume 24h$0.90
Cumulative Options Premium Volume$1.92m
Options Notional Volume 30d$335,866
Options Notional Volume 7d$257,683
Options Notional Volume 24h$432
Cumulative Options Notional Volume$139.48m
Protocol Information
DeFi structured products platform offering volatility yield through covered calls and cash-secured puts.
Audits:
Methodology
TVL: TVL includes tokens in MarginPool, PremiumPool, HedgedPool, and Hedger contracts of every collateral pool (USDT0-collateral and USDC-collateral on HyperEVM, USDC-collateral on Base). LP positions held by the Hedger are unwrapped to their underlying tokens.View code on GitHubFees: Fees paid by usersView code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHubCompetitors
Hypersurface history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 28, 2026 to Oct 27, 2026.
All-time high TVL: $6.85m on Sep 7, 2026. All-time low TVL: $10,622 on Oct 9, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $461,390 |
| Sep 29, 2026 | $461,425 |
| Sep 30, 2026 | $10,648 |
| Oct 1, 2026 | $10,654 |
| Oct 2, 2026 | $10,659 |
| Oct 3, 2026 | $10,653 |
| Oct 4, 2026 | $10,662 |
| Oct 5, 2026 | $10,676 |
| Oct 6, 2026 | $10,673 |
| Oct 7, 2026 | $10,667 |
| Oct 8, 2026 | $10,639 |
| Oct 9, 2026 | $10,622 |
| Oct 10, 2026 | $10,630 |
| Oct 11, 2026 | $10,634 |
| Oct 12, 2026 | $10,646 |
| Oct 13, 2026 | $10,626 |
| Oct 14, 2026 | $13,330 |
| Oct 15, 2026 | $22,304 |
| Oct 16, 2026 | $22,389 |
| Oct 17, 2026 | $88,180 |
| Oct 18, 2026 | $90,510 |
| Oct 19, 2026 | $95,696 |
| Oct 20, 2026 | $124,618 |
| Oct 21, 2026 | $124,624 |
| Oct 22, 2026 | $125,980 |
| Oct 23, 2026 | $125,904 |
| Oct 24, 2026 | $364,723 |
| Oct 25, 2026 | $364,825 |
| Oct 26, 2026 | $364,818 |
| Oct 27, 2026 | $365,390 |
TVL at each month end, Jan 2026 to Oct 2026
| Date | TVL |
|---|---|
| Jan 31, 2026 | $2.03m |
| Feb 28, 2026 | $1.29m |
| Mar 31, 2026 | $2.22m |
| Apr 30, 2026 | $2.34m |
| May 31, 2026 | $4.23m |
| Jun 30, 2026 | $2.59m |
| Jul 31, 2026 | $1.2m |
| Aug 31, 2026 | $4.39m |
| Sep 30, 2026 | $10,648 |
| Oct 27, 2026 (latest) | $365,390 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hypersurface
Frequently asked questions
What is Hypersurface's TVL?
As of Oct 27, 2026, Hypersurface has $366,823 in total value locked. TVL has decreased 49.1% over the past 30 days.
What chains does Hypersurface operate on?
Hypersurface operates on 2 chains: Hyperliquid L1 and Base. Hyperliquid L1 holds the largest share at 100%.
How does Hypersurface's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Hypersurface ranks #14 by TVL. The category holds $205.6m across 74 protocols, and Hypersurface accounts for 0.2% of that total. Similar protocols include Thetanuts Finance, Prodigy.Fi V2, Deri V4, Hypercall, CallPut, Stryke CLAMM, Ace.Pro, GammaSwap Open Interest, Jasper Vault, and BaseVol.