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Fees 30d$264,575
Fees 30d by chain
Hyperliquid L1$264,575
Fees 7d$75,743
Hyperliquid L1$75,743
Fees 24h$9,749
Hyperliquid L1$9,749
Cumulative Fees$2.12m
Hyperliquid L1$2.12m
Revenue 30d$264,575
Revenue 30d by chain
Hyperliquid L1$264,575
Revenue 7d$75,743
Hyperliquid L1$75,743
Revenue 24h$9,749
Hyperliquid L1$9,749
Cumulative Revenue$2.12m
Hyperliquid L1$2.12m
DEX Volume 30d$421,733
DEX Volume 30d by chain
Hyperliquid L1$421,733
DEX Volume 7d$116,701
Hyperliquid L1$116,701
DEX Volume 24h$12,704
Hyperliquid L1$12,704
Cumulative DEX Volume$1.46m
Hyperliquid L1$1.46m
DEX Notional Volume 30d$1m
DEX Notional Volume 30d by chain
Hyperliquid L1$1m
DEX Notional Volume 7d$241,942
Hyperliquid L1$241,942
DEX Notional Volume 24h$24,663
Hyperliquid L1$24,663
Cumulative DEX Notional Volume$3.29m
Hyperliquid L1$3.29m
Perp Volume 30d$755.42m
Perp Volume 30d by chain
Hyperliquid L1$755.42m
Perp Volume 7d$208.86m
Hyperliquid L1$208.86m
Perp Volume 24h$26.84m
Hyperliquid L1$26.84m
Cumulative Perp Volume$4.958b
Hyperliquid L1$4.958b
Total Raised$25.6m
Nov 3, 2025$7.6mRound: SeedInvestors: Paradigm, General Catalyst, Ashwin Ramachandran, Eric Wu
Apr 28, 2026$18mRound: Series AInvestors: Neo, Left Lane Capital, Haun Ventures, K5 Global, SV Angel, Anti Fund, Sunflower Captial
Protocol Information
Liquid provides access to trading markets through Hyperliquid.
- Liquid PerpsInterface
- Liquid SpotInterface
- Liquid OutcomeInterface
Methodology
Fees:
Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Notional Volume: Notional volume of all trades on protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Competitors
Liquid history
Fees and revenue by UTC calendar month, Jun 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Jun 2025 | $2,856 | $2,856 |
| Jul 2025 | $34,648 | $34,648 |
| Aug 2025 | $29,226 | $29,226 |
| Sep 2025 | $80,260 | $80,260 |
| Oct 2025 | $155,606 | $155,606 |
| Nov 2025 | $239,186 | $239,186 |
| Dec 2025 | $80,846 | $80,846 |
| Jan 2026 | $179,235 | $179,235 |
| Feb 2026 | $85,869 | $85,869 |
| Mar 2026 | $108,443 | $108,443 |
| Apr 2026 | $125,818 | $125,818 |
| May 2026 | $119,280 | $119,280 |
| Jun 2026 | $157,918 | $157,918 |
| Jul 2026 | $140,894 | $140,894 |
| Aug 2026 | $130,259 | $130,259 |
| Sep 2026 | $220,514 | $220,514 |
| Oct 2026 (to date) | $229,136 | $229,136 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/liquid
Frequently asked questions
What chains does Liquid operate on?
Liquid operates on Hyperliquid L1.
How much has Liquid generated in fees and revenue?
Over the past 30 days, Liquid generated $264,575 in fees. Of that, $264,575 was protocol revenue. Based on the trailing year, the annualized rate is $1.83m in fees and $1.83m in revenue.
How does Liquid's TVL compare to similar protocols?
Among Interface protocols tracked by DefiLlama, Liquid ranks #339 by TVL. The category holds $585,395 across 339 protocols, and Liquid accounts for 0% of that total. Similar protocols include Ventuals, LiquidBots, Jupiter Prediction, otomate.trade, DESK CLOB, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.
How much trading volume does Liquid process?
Liquid processed $421,733 in DEX volume over the past 30 days.