HMX (HMX)
Total Value Locked$463,009
TVL by Chain
Arbitrum$410,124
Blast$38,924
Polygon$13,961
Key Metrics
Fees (Annualized)$0
Fees 30d$0
Fees 7d$0
Fees 24h$0
Cumulative Fees$22.94m
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$4.37m
Holders Revenue (Annualized)$0
Holders Revenue 30d$0
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$6.47m
Perp Volume 30d$0
Perp Volume 7d$0
Perp Volume 24h$0
Cumulative Perp Volume$67.368b
Protocol Information
HMX (previous perp88) is a next-gen decentralized perpetual exchange with a cross-margin and multi-asset collateral support on Arbitrum, offering up to 1,000x leverage various asset classes. Additionally, HMX also supports the leveraged market making feature, which allows market makers to maximize their real yields generated from protocol revenue of both HMX and GMX, while also offering multiple LP protection mechanisms, such as a velocity-based funding fee and adaptive pricing, to protect market makers from undue risks.
Category:Derivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees paid by usersView code on GitHubRevenue: Treasury and token holders revenueView code on GitHubHolders Revenue: Fees going to governance token holdersView code on GitHubPerp Volume: Notional volume of all trades in the protocol, includes leverageView code on GitHubIncome Statement for HMX
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $0 | $99,364 | $778,641 | $2.28m | $3.09m | $2.13m | $6.13m | $3.75m | $2.93m | $1.53m | $144,709 | $65,053 | $5,979 |
| Revenue | $0 | $39,202 | $334,224 | $969,561 | $1.11m | $864,079 | $1.05m | $0 | $0 | $0 | $0 | $0 | $0 |
| Earnings | $0 | $39,202 | $334,224 | $969,561 | $1.11m | $864,079 | $1.05m | $0 | $0 | $0 | $0 | $0 | $0 |
| Token Holder Net Income | $0 | $34,301 | $292,442 | $848,366 | $972,323 | $756,075 | $1.76m | $937,172 | $728,330 | $142,241 | $0 | $0 | $0 |