Felix
Total Value Locked$242.55m
TVL by Chain
Hyperliquid L1$218.58m
Ethereum$23.97m
Key Metrics
Fees (Annualized)$12.98m
Fees 30d$1.06m
Fees 7d$192,654
Fees 24h$26,109
Cumulative Fees$9.11m
Revenue (Annualized)$5.57m
Revenue 30d$456,193
Revenue 7d$82,276
Revenue 24h$10,897
Cumulative Revenue$1.86m
Perp Volume 30d$339.62m
Perp Volume 7d$71.54m
Perp Volume 24h$15.13m
Cumulative Perp Volume$339.62m
Protocol Information
Borrow against blue-chip collateral and earn native yield with the Felix stablecoin, feUSD
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Felix CDP: Total interest, redemption fees paid by borrowers and liquidation profitView code on GitHubFelix Vaults: Total yields from deposited assets in all curated vaults.View code on GitHubFelix Perps: Trading fees paid by users on Hyperliquid markets deployed by Felix protocol.View code on GitHub
Revenue:
Felix CDP: Total interest, redemption fees paid by borrowers and liquidation profitView code on GitHubFelix Vaults: Yields are collected by curators.View code on GitHubFelix Perps: Half of the fees goes to the protocol and rest to hyperliquidView code on GitHub
Perp Volume: Notional volume of all trades in the protocol, includes leverage
Income Statement for Felix
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | |
|---|---|---|---|---|---|---|
| Fees | $2.27m | $4.36m | $2.48m | $1,106 | $36 | $10 |
| Revenue | $1.34m | $523,615 | $0 | $0 | $1 | $0 |
| Earnings | $1.34m | $523,615 | $0 | $0 | $1 | $0 |