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Fees 30d$262,916
Fees 30d by chain
Hyperliquid L1$262,916
Fees 7d$72,148
Hyperliquid L1$72,148
Fees 24h$10,423
Hyperliquid L1$10,423
Cumulative Fees$2.13m
Hyperliquid L1$2.13m
Revenue 30d$262,916
Revenue 30d by chain
Hyperliquid L1$262,916
Revenue 7d$72,148
Hyperliquid L1$72,148
Revenue 24h$10,423
Hyperliquid L1$10,423
Cumulative Revenue$2.13m
Hyperliquid L1$2.13m
DEX Volume 30d$361,344
DEX Volume 30d by chain
Hyperliquid L1$361,344
DEX Volume 7d$95,367
Hyperliquid L1$95,367
DEX Volume 24h$12,704
Hyperliquid L1$12,704
Cumulative DEX Volume$1.46m
Hyperliquid L1$1.46m
DEX Notional Volume 30d$902,709
DEX Notional Volume 30d by chain
Hyperliquid L1$902,709
DEX Notional Volume 7d$209,204
Hyperliquid L1$209,204
DEX Notional Volume 24h$24,663
Hyperliquid L1$24,663
Cumulative DEX Notional Volume$3.29m
Hyperliquid L1$3.29m
Perp Volume 30d$709.63m
Perp Volume 30d by chain
Hyperliquid L1$709.63m
Perp Volume 7d$170.92m
Hyperliquid L1$170.92m
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) | $239,559 | $239,559 |
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 $262,916 in fees. Of that, $262,916 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 #339 by TVL. The category holds $619,106 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 $361,344 in DEX volume over the past 30 days.