Ask about What The Hook · freeTotal Value Locked$272,474
TVL by Chain
Robinhood Chain$272,474
Key Metrics
Fees 30d$62,357
Fees 30d by chain
Robinhood Chain$62,357
Fees 7d$13,008
Robinhood Chain$13,008
Fees 24h$2,087
Robinhood Chain$2,087
Cumulative Fees$176,022
Robinhood Chain$176,022
Revenue 30d$26,982
Revenue 30d by chain
Robinhood Chain$26,982
Revenue 7d$4,627
Robinhood Chain$4,627
Revenue 24h$792
Robinhood Chain$792
Cumulative Revenue$89,807
Robinhood Chain$89,807
Holders Revenue 30d$0
Holders Revenue 30d by chain
Robinhood Chain$0
Holders Revenue 7d$0
Robinhood Chain$0
Holders Revenue 24h$0
Robinhood Chain$0
Cumulative Holders Revenue$0
Robinhood Chain$0
Market Cap$5.27m
$WTH Price$25.11
Fully Diluted Valuation$5.27m
$WTH Volume 24h$681,558
CEX Volume$0
DEX Volume$688,428(101.01% of total)
Staked$1.22m(23.1% of mcap)
Protocol Information
A Uniswap v4 hook that captures the price gap a swap opens between connected pools and returns the realised arbitrage to the trader and the pool's LPs instead of an outside searcher
Methodology
TVL: Counts the liquidity held in every Uniswap v4 pool that runs the WTH hook. Pools are discovered from the hook's own PoolRegistered event, so pools opened later by third parties are picked up without a code change. Because v4 keeps every pool inside one PoolManager singleton, each pool's reserves are reconstructed from its state read via the v4 StateView contract's getSlot0, getTickBitmap and getTickInfo. WTH, the protocol's own token, is reported under staking; every other token is TVL.View code on GitHubFees: The arbitrage profit the hook realises and distributes, summed from the ProfitCurrencyDistribute event the first hook emits on every distribution; for the v2 hook (since 4 October 2026), every leg its executor pays — the swapper's cashback and the LPs' share it declares in ProfitCurrencyDistribute, plus the ProtocolRevenue, ReferralRewarded and PartnerRevenue it pays on top, including on the DELTA integration that shares the executor; plus the profit the HOOKR integration reports in its own ArbitrageProfitSplit and ProfitRecaptured events. The hook closes the price gap a swap opens between connected pools within the same transaction, so this is value recaptured from MEV rather than a fee charged to anyone.View code on GitHubRevenue: The share of that profit retained by the protocol treasury: the executor's ProtocolRevenue event (90% on WTH's own pools, 40% on pools that integrate WTH, since 2 September 2026; on the v2 hook's distributions and on the DELTA integration's, paid on top of the declared amounts) plus any profit donated into WTH's own pools, which was the treasury's income before that event existed. On an arbitrage run by the HOOKR integration it is the wthProtocolAmount leg of the ArbitrageProfitSplit event, and on a recapture the treasuryAmount of the ProfitRecaptured event.View code on GitHubHolders Revenue: View code on GitHubCompetitors
What The Hook history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Aug 19, 2026 to Oct 28, 2026.
All-time high TVL: $404,163 on Oct 4, 2026. All-time low TVL: $162,319 on Sep 16, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $201,133 |
| Sep 30, 2026 | $221,786 |
| Oct 1, 2026 | $215,275 |
| Oct 2, 2026 | $215,054 |
| Oct 3, 2026 | $276,862 |
| Oct 4, 2026 | $404,163 |
| Oct 5, 2026 | $357,812 |
| Oct 6, 2026 | $288,099 |
| Oct 7, 2026 | $322,136 |
| Oct 8, 2026 | $259,591 |
| Oct 9, 2026 | $263,900 |
| Oct 10, 2026 | $365,663 |
| Oct 11, 2026 | $322,594 |
| Oct 12, 2026 | $296,268 |
| Oct 13, 2026 | $273,367 |
| Oct 14, 2026 | $361,473 |
| Oct 15, 2026 | $317,913 |
| Oct 16, 2026 | $335,976 |
| Oct 17, 2026 | $356,290 |
| Oct 18, 2026 | $367,930 |
| Oct 19, 2026 | $370,481 |
| Oct 20, 2026 | $333,775 |
| Oct 21, 2026 | $360,901 |
| Oct 22, 2026 | $348,140 |
| Oct 23, 2026 | $311,866 |
| Oct 24, 2026 | $286,274 |
| Oct 25, 2026 | $296,372 |
| Oct 26, 2026 | $312,543 |
| Oct 27, 2026 | $308,888 |
| Oct 28, 2026 | $297,631 |
TVL at each month end, Aug 2026 to Oct 2026
| Date | TVL |
|---|---|
| Aug 31, 2026 | $233,909 |
| Sep 30, 2026 | $221,786 |
| Oct 28, 2026 (latest) | $297,631 |
Fees, revenue and holders revenue by UTC calendar month, Aug 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Aug 2026 | $52,165 | $33,490 | $0 |
| Sep 2026 | $65,837 | $31,205 | $0 |
| Oct 2026 (to date) | $60,107 | $25,904 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/what-the-hook
Frequently asked questions
What is What The Hook's TVL?
As of Oct 28, 2026, What The Hook has $272,474 in total value locked. TVL has increased 22.8% over the past 30 days.
What chains does What The Hook operate on?
What The Hook operates on Robinhood Chain. Robinhood Chain holds the largest share at 100%.
How much has What The Hook generated in fees and revenue?
Over the past 30 days, What The Hook generated $62,357 in fees. Of that, $26,982 was protocol revenue. Based on the trailing year, the annualized rate is $755,859 in fees and $385,641 in revenue.
What is the WTH token price and valuation?
WTH is currently trading at $25.11. Its circulating market capitalization is $5.27m, ranking it #1,933. Its fully diluted valuation is $5.27m. Supply currently stands at 210,000 circulating, 210,000 total supply, 210,000 maximum supply.
How has WTH performed recently?
WTH is down 26.5% over the past 7 days and up 46.2% over the past 30 days. Its all-time high is $48.10, reached on Oct 14, 2026. The token is currently 47.8% below that level.
How does What The Hook's TVL compare to similar protocols?
Among Liquidity Automation protocols tracked by DefiLlama, What The Hook ranks #2 by TVL. The category holds $811,129 across 12 protocols, and What The Hook accounts for 33.6% of that total. Similar protocols include Mosh, EARN, TickerSpring Vaults, GlueHook, Revert Compoundor, Orbit, Liquify Protocol, LP Agent, Valhalla, and Rhiva.