Total Value Locked$6.34m
TVL by Chain
Hyperliquid L1$6.34m
Key Metrics
Fees 30d$62,903
Fees 30d by chain
Hyperliquid L1$62,903
Fees 7d$8,194
Hyperliquid L1$8,194
Fees 24h$209
Hyperliquid L1$209
Cumulative Fees$1.24m
Hyperliquid L1$1.24m
Revenue 30d$25,163
Revenue 30d by chain
Hyperliquid L1$25,163
Revenue 7d$3,281
Hyperliquid L1$3,281
Revenue 24h$83.57
Hyperliquid L1$83.57
Cumulative Revenue$496,244
Hyperliquid L1$496,244
Holders Revenue 30d$20,138
Holders Revenue 30d by chain
Hyperliquid L1$20,138
Holders Revenue 7d$2,623
Hyperliquid L1$2,623
Holders Revenue 24h$66.64
Hyperliquid L1$66.64
Cumulative Holders Revenue$396,968
Hyperliquid L1$396,968
DEX Volume 30d$20.95m
DEX Volume 30d by chain
Hyperliquid L1$20.95m
DEX Volume 7d$2.73m
Hyperliquid L1$2.73m
DEX Volume 24h$69,709
Hyperliquid L1$69,709
Cumulative DEX Volume$872.53m
Hyperliquid L1$872.53m
Protocol Information
Explore token swaps, liquidity management and easy token launches
Sub Category: AMM
Methodology
TVL: Value of the tokens locked in the liquidity pools.View code on GitHubFees: Total swap fees paid by users.View code on GitHubRevenue: 8% protocol revenue share and 32% holders revenue share.View code on GitHubHolders Revenue: 32% of fees used for buy-back and burn.View code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubYields
Pools Tracked126
Average Supply APY0.15%
Competitors
HyperSwap V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 24, 2025 to Oct 27, 2026.
All-time high TVL: $9.43m on May 26, 2025. All-time low TVL: $434,190 on Mar 11, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $7.08m |
| Sep 29, 2026 | $6.69m |
| Sep 30, 2026 | $6.63m |
| Oct 1, 2026 | $6.9m |
| Oct 2, 2026 | $6.72m |
| Oct 3, 2026 | $6.82m |
| Oct 4, 2026 | $6.83m |
| Oct 5, 2026 | $6.92m |
| Oct 6, 2026 | $7.17m |
| Oct 7, 2026 | $7m |
| Oct 8, 2026 | $6.97m |
| Oct 9, 2026 | $6.63m |
| Oct 10, 2026 | $6.78m |
| Oct 11, 2026 | $6.91m |
| Oct 12, 2026 | $6.92m |
| Oct 13, 2026 | $6.56m |
| Oct 14, 2026 | $6.8m |
| Oct 15, 2026 | $6.69m |
| Oct 16, 2026 | $6.86m |
| Oct 17, 2026 | $6.77m |
| Oct 18, 2026 | $6.54m |
| Oct 19, 2026 | $6.53m |
| Oct 20, 2026 | $6.38m |
| Oct 21, 2026 | $6.46m |
| Oct 22, 2026 | $6.4m |
| Oct 23, 2026 | $6.21m |
| Oct 24, 2026 | $6.12m |
| Oct 25, 2026 | $6.12m |
| Oct 26, 2026 | $6.06m |
| Oct 27, 2026 | $6.2m |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $1.03m |
| Mar 31, 2025 | $1.8m |
| Apr 30, 2025 | $2.57m |
| May 31, 2025 | $7.67m |
| Jun 30, 2025 | $7.42m |
| Jul 31, 2025 | $6.3m |
| Aug 31, 2025 | $5.41m |
| Sep 30, 2025 | $5.78m |
| Oct 31, 2025 | $5.1m |
| Nov 30, 2025 | $3.48m |
| Dec 31, 2025 | $2.39m |
| Jan 31, 2026 | $2.82m |
| Feb 28, 2026 | $2.49m |
| Mar 31, 2026 | $3.16m |
| Apr 30, 2026 | $3.33m |
| May 31, 2026 | $5.95m |
| Jun 30, 2026 | $5.14m |
| Jul 31, 2026 | $4.26m |
| Aug 31, 2026 | $6.68m |
| Sep 30, 2026 | $6.63m |
| Oct 27, 2026 (latest) | $6.2m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2025 | $33,120 | $13,252 | $10,598 |
| Apr 2025 | $68,020 | $27,206 | $21,760 |
| May 2025 | $435,284 | $174,119 | $139,283 |
| Jun 2025 | $322,322 | $128,932 | $103,131 |
| Jul 2025 | $34,845 | $13,955 | $11,161 |
| Aug 2025 | $22,022 | $8,813 | $7,049 |
| Sep 2025 | $35,759 | $14,296 | $11,442 |
| Oct 2025 | $50,605 | $20,245 | $16,185 |
| Nov 2025 | $9,393 | $3,752 | $3,005 |
| Dec 2025 | $3,438 | $1,378 | $1,103 |
| Jan 2026 | $4,474 | $1,787 | $1,430 |
| Feb 2026 | $3,873 | $1,548 | $1,239 |
| Mar 2026 | $2,369 | $946.95 | $757.22 |
| Apr 2026 | $1,607 | $643.01 | $513.92 |
| May 2026 | $13,016 | $5,213 | $4,165 |
| Jun 2026 | $8,824 | $3,530 | $2,827 |
| Jul 2026 | $2,106 | $839.52 | $671.70 |
| Aug 2026 | $93,047 | $37,222 | $29,775 |
| Sep 2026 | $34,133 | $13,649 | $10,931 |
| Oct 2026 (to date) | $62,495 | $24,999 | $20,008 |
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-v2
Frequently asked questions
What is HyperSwap V2's TVL?
As of Oct 27, 2026, HyperSwap V2 has $6.34m in total value locked. TVL has decreased 11.6% over the past 30 days.
What chains does HyperSwap V2 operate on?
HyperSwap V2 operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has HyperSwap V2 generated in fees and revenue?
Over the past 30 days, HyperSwap V2 generated $62,903 in fees. Of that, $25,163 was protocol revenue. Based on the trailing year, the annualized rate is $241,491 in fees and $96,594 in revenue.
How does HyperSwap V2's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, HyperSwap V2 ranks #97 by TVL. The category holds $13.498b across 1,923 protocols, and HyperSwap V2 accounts for <0.1% of that total. Similar protocols include Curve DEX, Hyperliquid Spot Orderbook, Project X, nest CL, Metric V1, Balancer V3, HyperSwap V3, Ramses CL V2, WOOFi Swap, and Valantis STEX.
How much trading volume does HyperSwap V2 process?
HyperSwap V2 processed $20.95m in DEX volume over the past 30 days.