Ask about HyperSwap · freeTotal Value Locked$17.09m
TVL by Chain
Hyperliquid L1$17.09m
Key Metrics
Fees 30d$214,408
Fees 30d by chain
Hyperliquid L1$214,408
Fees 7d$32,113
Hyperliquid L1$32,113
Fees 24h$4,482
Hyperliquid L1$4,482
Cumulative Fees$16.98m
Hyperliquid L1$16.98m
Revenue 30d$49,703
Revenue 30d by chain
Hyperliquid L1$49,703
Revenue 7d$6,361
Hyperliquid L1$6,361
Revenue 24h$794.57
Hyperliquid L1$794.57
Cumulative Revenue$2.94m
Hyperliquid L1$2.94m
Holders Revenue 30d$38,542
Holders Revenue 30d by chain
Hyperliquid L1$38,542
Holders Revenue 7d$4,854
Hyperliquid L1$4,854
Holders Revenue 24h$599.04
Hyperliquid L1$599.04
Cumulative Holders Revenue$2.23m
Hyperliquid L1$2.23m
Incentives 1y$84,537
Incentives 30d$1,110
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$84,537
Earnings (Annualized)$542,004
Earnings 30d$48,592
Earnings 7d$6,361
Earnings 24h$794.57
Cumulative Earnings$2.86m
DEX Volume 30d$94.56m
DEX Volume 30d by chain
Hyperliquid L1$94.56m
DEX Volume 7d$12.37m
Hyperliquid L1$12.37m
DEX Volume 24h$1.72m
Hyperliquid L1$1.72m
Cumulative DEX Volume$13.187b
Hyperliquid L1$13.187b
Cumulative Perp Volume$28.49m
Cumulative Perp Volume by chain
Hyperliquid L1$28.49m
Market Cap$1.36m
$SWAP Price$0.019
Fully Diluted Valuation$1.78m
Outstanding FDV$1.34m
$SWAP Volume 24h$4,105
CEX Volume$0
DEX Volume$3,975(96.81% of total)
Protocol Information
Explore token swaps, liquidity management and easy token launches
- HyperSwap V3Dexs
- HyperSwap V2Dexs
- HyperSwap TerminalInterface
Yields
Pools Tracked193
Average Supply APY0.44%
User Activity
Active Addresses (24h)688
Transactions (24h)8,361
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 28, 2026.
All-time high TVL: $110.06m on Jul 14, 2025. All-time low TVL: $1.15m on Feb 24, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 28, 2026 | $17m |
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 28, 2026 (latest) | $17m |
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) | $192,072 | $45,971 | $35,740 |
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 28, 2026, HyperSwap has $17.09m in total value locked. TVL has decreased 11% 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 $214,408 in fees. Of that, $49,703 was protocol revenue. Based on the trailing year, the annualized rate is $4m in fees and $626,541 in revenue.
What is the SWAP token price and valuation?
SWAP is currently trading at $0.019. Its circulating market capitalization is $1.36m, ranking it #3,306. Its fully diluted valuation is $1.78m. Supply currently stands at 70.99m circulating, 92.7m total supply.
How has SWAP performed recently?
SWAP is down 7.7% over the past 7 days and down 38.6% over the past 30 days. Its all-time high is $0.16, reached on Oct 21, 2025. The token is currently 87.9% 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 $94.56m in DEX volume over the past 30 days.