Logo of HyperSwapHyperSwap(SWAP)
Total Value Locked$18.2m

TVL by Chain

Hyperliquid L1$18.2m

Key Metrics

Fees 30d$862,397.87
Fees 30d by chain

Hyperliquid L1$862,397.87

Fees 7d$71,796

Hyperliquid L1$71,796

Fees 24h$13,315

Hyperliquid L1$13,315

Cumulative Fees$16.65m

Hyperliquid L1$16.65m

Revenue 30d$89,853.03
Revenue 30d by chain

Hyperliquid L1$89,853.03

Revenue 7d$11,855

Hyperliquid L1$11,855

Revenue 24h$1,901

Hyperliquid L1$1,901

Cumulative Revenue$2.87m

Hyperliquid L1$2.87m

Holders Revenue 30d$69,586.98
Holders Revenue 30d by chain

Hyperliquid L1$69,586.98

Holders Revenue 7d$9,161

Hyperliquid L1$9,161

Holders Revenue 24h$1,458

Hyperliquid L1$1,458

Cumulative Holders Revenue$2.17m

Hyperliquid L1$2.17m

Incentives 1y$71,760.64

$13,384.97

$4,542.7

$1.63

$71,760.64

Earnings (Annualized)$749,724.12

$76,468.06

$7,312.3

$1,899.37

$2.8m

DEX Volume 30d$293.63m
DEX Volume 30d by chain

Hyperliquid L1$293.63m

DEX Volume 7d$29.39m

Hyperliquid L1$29.39m

DEX Volume 24h$4.99m

Hyperliquid L1$4.99m

Cumulative DEX Volume$13.036b

Hyperliquid L1$13.036b

Cumulative Perp Volume$28.49m
Cumulative Perp Volume by chain

Hyperliquid L1$28.49m

Protocol Information

Explore token swaps, liquidity management and easy token launches

WebsiteTwitter
Categories:DexsInterface
Products:

Yields

Pools Tracked224

Average Supply APY4.76%

User Activity

Active Addresses (24h)2,890

Transactions (24h)22,196

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

HyperSwap V2 - Total swap fees paid by users.View code on GitHubHyperSwap V3 - Total swap fees paid by traders across all HyperSwap V3 pools.View code on GitHubHyperSwap Terminal - Total trading fees collected from users.View code on GitHub

Revenue:

HyperSwap V2 - 8% protocol revenue share and 32% holders revenue share.View code on GitHubHyperSwap V3 - Each pool sets how much of its swap fee the protocol keeps, and HyperSwap switches that on one pool at a time, so the share is read from each pool individually for the day being measured. Pools trade with it switched off until HyperSwap enables it, and those give their entire swap fee to liquidity providers. Every pool that has it enabled currently keeps one sixth. Of whatever the protocol keeps, 25% goes to the treasury and 75% buys back and burns SWAP.View code on GitHubHyperSwap Terminal - Net protocol revenue after referral payouts.View code on GitHub

Holders Revenue:

HyperSwap V2 - 32% of fees used for buy-back and burn.View code on GitHubHyperSwap V3 - The three quarters of the protocol's share of swap fees that is used to buy back and burn SWAP.View code on GitHub

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

Frequently Asked Questions

What is HyperSwap's TVL?

HyperSwap currently has $18.2m in total value locked. TVL has increased 42.4% 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 $862,397.87 in fees. Of that, $89,853.03 was protocol revenue. Based on the trailing year, the annualized rate is $5.22m in fees and $821,484.76 in revenue.

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 $293.63m in DEX volume over the past 30 days.