Ask about HyperSwap · freeTotal Value Locked$16.99m
TVL by Chain
Hyperliquid L1$16.99m
Key Metrics
Fees 30d$213,010
Fees 30d by chain
Hyperliquid L1$213,010
Fees 7d$37,372
Hyperliquid L1$37,372
Fees 24h$2,695
Hyperliquid L1$2,695
Cumulative Fees$16.97m
Hyperliquid L1$16.97m
Revenue 30d$49,464
Revenue 30d by chain
Hyperliquid L1$49,464
Revenue 7d$8,141
Hyperliquid L1$8,141
Revenue 24h$478.75
Hyperliquid L1$478.75
Cumulative Revenue$2.94m
Hyperliquid L1$2.94m
Holders Revenue 30d$38,364
Holders Revenue 30d by chain
Hyperliquid L1$38,364
Holders Revenue 7d$6,267
Hyperliquid L1$6,267
Holders Revenue 24h$361.30
Hyperliquid L1$361.30
Cumulative Holders Revenue$2.23m
Hyperliquid L1$2.23m
Incentives 1y$84,537
Incentives 30d$1,322
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$84,537
Earnings (Annualized)$547,214
Earnings 30d$48,142
Earnings 7d$8,141
Earnings 24h$478.75
Cumulative Earnings$2.86m
DEX Volume 30d$94.96m
DEX Volume 30d by chain
Hyperliquid L1$94.96m
DEX Volume 7d$14.27m
Hyperliquid L1$14.27m
DEX Volume 24h$1m
Hyperliquid L1$1m
Cumulative DEX Volume$13.185b
Hyperliquid L1$13.185b
Cumulative Perp Volume$28.49m
Cumulative Perp Volume by chain
Hyperliquid L1$28.49m
Market Cap$1.31m
$SWAP Price$0.018
Fully Diluted Valuation$1.71m
Outstanding FDV$1.29m
$SWAP Volume 24h$1,297
CEX Volume$0
DEX Volume$1,690(130.33% of total)
Protocol Information
Explore token swaps, liquidity management and easy token launches
- HyperSwap V3Dexs
- HyperSwap V2Dexs
- HyperSwap TerminalInterface
Yields
Pools Tracked193
Average Supply APY0.77%
User Activity
Active Addresses (24h)766
Transactions (24h)10,286
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
HyperSwap history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 24, 2025 to Oct 27, 2026.
All-time high TVL: $110.06m on Jul 14, 2025. All-time low TVL: $1.15m on Feb 24, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $19.19m |
| Sep 29, 2026 | $18.17m |
| Sep 30, 2026 | $18.08m |
| Oct 1, 2026 | $18.81m |
| Oct 2, 2026 | $18.46m |
| Oct 3, 2026 | $18.53m |
| Oct 4, 2026 | $18.57m |
| Oct 5, 2026 | $18.82m |
| Oct 6, 2026 | $19.37m |
| Oct 7, 2026 | $18.95m |
| Oct 8, 2026 | $18.49m |
| Oct 9, 2026 | $17.61m |
| Oct 10, 2026 | $17.82m |
| Oct 11, 2026 | $18.17m |
| Oct 12, 2026 | $18.36m |
| Oct 13, 2026 | $17.29m |
| Oct 14, 2026 | $17.39m |
| Oct 15, 2026 | $17.24m |
| Oct 16, 2026 | $17.52m |
| Oct 17, 2026 | $17.21m |
| Oct 18, 2026 | $16.74m |
| Oct 19, 2026 | $16.79m |
| Oct 20, 2026 | $16.64m |
| Oct 21, 2026 | $16.93m |
| Oct 22, 2026 | $17m |
| Oct 23, 2026 | $16.42m |
| Oct 24, 2026 | $16.23m |
| Oct 25, 2026 | $16.18m |
| Oct 26, 2026 | $16.15m |
| Oct 27, 2026 | $16.36m |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $2.32m |
| Mar 31, 2025 | $9.85m |
| Apr 30, 2025 | $41.35m |
| May 31, 2025 | $65.32m |
| Jun 30, 2025 | $103.71m |
| Jul 31, 2025 | $89.46m |
| Aug 31, 2025 | $60m |
| Sep 30, 2025 | $42m |
| Oct 31, 2025 | $36.46m |
| Nov 30, 2025 | $27.28m |
| Dec 31, 2025 | $12.96m |
| Jan 31, 2026 | $15.2m |
| Feb 28, 2026 | $11.53m |
| Mar 31, 2026 | $12.1m |
| Apr 30, 2026 | $13.11m |
| May 31, 2026 | $18.43m |
| Jun 30, 2026 | $15.96m |
| Jul 31, 2026 | $13.24m |
| Aug 31, 2026 | $18.88m |
| Sep 30, 2026 | $18.08m |
| Oct 27, 2026 (latest) | $16.36m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2025 | $99,648 | $23,896 | $18,582 |
| Apr 2025 | $693,330 | $127,255 | $96,796 |
| May 2025 | $2.53m | $508,514 | $390,079 |
| Jun 2025 | $3.28m | $602,838 | $458,561 |
| Jul 2025 | $2.29m | $374,024 | $281,212 |
| Aug 2025 | $2.17m | $351,817 | $264,302 |
| Sep 2025 | $1.08m | $180,966 | $136,440 |
| Oct 2025 | $995,388 | $171,411 | $129,558 |
| Nov 2025 | $610,999 | $100,009 | $75,198 |
| Dec 2025 | $245,198 | $40,059 | $30,113 |
| Jan 2026 | $240,182 | $39,502 | $29,714 |
| Feb 2026 | $257,836 | $42,652 | $31,588 |
| Mar 2026 | $210,467 | $35,511 | $25,406 |
| Apr 2026 | $102,174 | $17,522 | $12,426 |
| May 2026 | $293,589 | $50,817 | $37,725 |
| Jun 2026 | $503,985 | $82,865 | $62,229 |
| Jul 2026 | $163,359 | $27,252 | $20,478 |
| Aug 2026 | $737,283 | $77,040 | $59,636 |
| Sep 2026 | $294,703 | $43,707 | $33,475 |
| Oct 2026 (to date) | $187,500 | $45,141 | $35,112 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperswap
Frequently asked questions
What is HyperSwap's TVL?
As of Oct 27, 2026, HyperSwap has $16.99m in total value locked. TVL has decreased 12.3% over the past 30 days.
What chains does HyperSwap operate on?
HyperSwap operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has HyperSwap generated in fees and revenue?
Over the past 30 days, HyperSwap generated $213,010 in fees. Of that, $49,464 was protocol revenue. Based on the trailing year, the annualized rate is $4.03m in fees and $631,752 in revenue.
What is the SWAP token price and valuation?
SWAP is currently trading at $0.018. Its circulating market capitalization is $1.3m, ranking it #3,155. Its fully diluted valuation is $1.7m. Supply currently stands at 70.9m circulating, 92.69m total supply.
How has SWAP performed recently?
SWAP is down 6.5% over the past 7 days and down 42.5% over the past 30 days. Its all-time high is $0.16, reached on Oct 21, 2025. The token is currently 88.5% below that level.
Which protocols are included in HyperSwap?
HyperSwap is a parent protocol whose tracked products include HyperSwap V3, HyperSwap V2, and HyperSwap Terminal.
How much trading volume does HyperSwap process?
HyperSwap processed $94.96m in DEX volume over the past 30 days.