InformationFees and RevenueDEX Volume

Hyperliquid Spot Orderbook (HYPE)

Total Value Locked$158.27m

TVL by Chain

Hyperliquid L1$158.27m

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Key Metrics

Fees (Annualized)$1.114b

Fees 30d$91.31m

Fees 7d$20.62m

Fees 24h$3.76m

Cumulative Fees$544.39m

Revenue (Annualized)$1.036b

Revenue 30d$84.92m

Revenue 7d$19.18m

Revenue 24h$3.47m

Cumulative Revenue$528.01m

Holders Revenue (Annualized)$1.036b

Holders Revenue 30d$84.92m

Holders Revenue 7d$19.18m

Holders Revenue 24h$3.5m

Cumulative Holders Revenue$217.26m

DEX Volume 30d$11.077b

DEX Volume 7d$2.761b

DEX Volume 24h$530.57m

Cumulative DEX Volume$61.579b

Protocol Information

The order book works in essentially the same way as all centralized exchanges but is fully on-chain

Category:Dexs

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Methodology

TVL: TVL represents assets locked in limit order on the spot order bookView code on GitHubFees: Trade fees and Ticker auction proceeds. Note this excludes the HLP vault and HyperEVM fees.View code on GitHubRevenue: Percentage of swap fees going to treasury and/or token holdersView code on GitHubHolders Revenue: 93% of fees go to Assistance Fund for burning tokens, remaining 7% go to HLP VaultView code on GitHubDEX Volume: Volume of all spot token swaps that go through the protocolView code on GitHub

Competitors

Curve DEX ($2.153b)Balancer V3 ($229.38m)HyperSwap V3 ($70.27m)Valantis ($65.55m)Project X ($47.58m)Hybra V3 ($17.77m)WOOFi Swap ($10.01m)Ramses CL ($8.19m)HyperSwap V2 ($6.15m)Kittenswap CL ($2.91m)

Income Statement for Hyperliquid Spot Orderbook

Q3 2025*Q2 2025Q1 2025Q4 2024
Fees$96.89m$176.16m$136.48m$10.34m
Revenue$90.1m$166.59m$136.48m$10.34m
Earnings$90.1m$166.59m$136.48m$10.34m
Token Holder Net Income$90.1m$127.15m$0$0