HMX (HMX)
Total Value Locked$1.79m
TVL by Chain
Arbitrum$1.72m
Blast$44,595
Polygon$17,521
Key Metrics
Fees (Annualized)$1.58m
Fees 30d$129,294
Fees 7d$32,596
Fees 24h$2,760
Cumulative Fees$22.93m
Revenue (Annualized)$635,071
Revenue 30d$52,055
Revenue 7d$12,398
Revenue 24h$1,216
Cumulative Revenue$4.37m
Holders Revenue (Annualized)$555,673
Holders Revenue 30d$45,547
Holders Revenue 7d$10,849
Holders Revenue 24h$1,064
Cumulative Holders Revenue$6.47m
Perp Volume 30d$476.47m
Perp Volume 7d$120.29m
Perp Volume 24h$12.31m
Cumulative Perp Volume$67.363b
HMX (HMX)
Total Value Locked$1.79m
TVL by Chain
Arbitrum$1.72m
Blast$44,595
Polygon$17,521
Key Metrics
Fees (Annualized)$1.58m
Fees 30d$129,294
Fees 7d$32,596
Fees 24h$2,760
Cumulative Fees$22.93m
Revenue (Annualized)$635,071
Revenue 30d$52,055
Revenue 7d$12,398
Revenue 24h$1,216
Cumulative Revenue$4.37m
Holders Revenue (Annualized)$555,673
Holders Revenue 30d$45,547
Holders Revenue 7d$10,849
Holders Revenue 24h$1,064
Cumulative Holders Revenue$6.47m
Perp Volume 30d$476.47m
Perp Volume 7d$120.29m
Perp Volume 24h$12.31m
Cumulative Perp Volume$67.363b
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
| 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 | $97,429 | $778,641 | $2.27m | $3.09m | $2.13m | $6.13m | $3.75m | $2.93m | $1.53m | $144,709 | $65,053 | $5,979 |
| Revenue | $38,642 | $334,224 | $967,821 | $1.11m | $864,079 | $1.05m | $0 | $0 | $0 | $0 | $0 | $0 |
| Earnings | $38,642 | $334,224 | $967,821 | $1.11m | $864,079 | $1.05m | $0 | $0 | $0 | $0 | $0 | $0 |
| Token Holder Net Income | $33,811 | $292,442 | $846,843 | $972,323 | $756,075 | $1.76m | $937,172 | $728,330 | $142,241 | $0 | $0 | $0 |