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Fees 30d$262,961
Fees 30d by chain
Hyperliquid L1$262,961
Fees 7d$72,193
Hyperliquid L1$72,193
Fees 24h$10,468
Hyperliquid L1$10,468
Cumulative Fees$2.13m
Hyperliquid L1$2.13m
Revenue 30d$262,961
Revenue 30d by chain
Hyperliquid L1$262,961
Revenue 7d$72,193
Hyperliquid L1$72,193
Revenue 24h$10,468
Hyperliquid L1$10,468
Cumulative Revenue$2.13m
Hyperliquid L1$2.13m
DEX Volume 30d$371,987
DEX Volume 30d by chain
Hyperliquid L1$371,987
DEX Volume 7d$106,010
Hyperliquid L1$106,010
DEX Volume 24h$10,643
Hyperliquid L1$10,643
Cumulative DEX Volume$1.47m
Hyperliquid L1$1.47m
DEX Notional Volume 30d$928,387
DEX Notional Volume 30d by chain
Hyperliquid L1$928,387
DEX Notional Volume 7d$234,882
Hyperliquid L1$234,882
DEX Notional Volume 24h$25,678
Hyperliquid L1$25,678
Cumulative DEX Notional Volume$3.32m
Hyperliquid L1$3.32m
Perp Volume 30d$741.03m
Perp Volume 30d by chain
Hyperliquid L1$741.03m
Perp Volume 7d$202.32m
Hyperliquid L1$202.32m
Perp Volume 24h$31.4m
Hyperliquid L1$31.4m
Cumulative Perp Volume$4.99b
Hyperliquid L1$4.99b
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) | $239,604 | $239,604 |
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 $262,961 in fees. Of that, $262,961 was protocol revenue. Based on the trailing year, the annualized rate is $1.84m in fees and $1.84m in revenue.
How does Liquid's TVL compare to similar protocols?
Among Interface protocols tracked by DefiLlama, Liquid ranks #348 by TVL. The category holds $594,052 across 348 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 $371,987 in DEX volume over the past 30 days.