InformationFees and RevenueDEX Volume

Hyperliquid Spot Orderbook (HYPE)

Total Value Locked$152.39m

TVL by Chain

Hyperliquid L1$152.39m

Key Metrics

Fees (Annualized)$1.142b

Fees 30d$93.64m

Fees 7d$21.17m

Fees 24h$2.91m

Cumulative Fees$548.49m

Revenue (Annualized)$1.062b

Revenue 30d$87.09m

Revenue 7d$19.68m

Revenue 24h$2.71m

Cumulative Revenue$531.85m

Holders Revenue (Annualized)$1.062b

Holders Revenue 30d$87.09m

Holders Revenue 7d$19.68m

Holders Revenue 24h$2.71m

Cumulative Holders Revenue$221.07m

DEX Volume 30d$11.345b

DEX Volume 7d$2.913b

DEX Volume 24h$559.8m

Cumulative DEX Volume$62.369b

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 ($2.103b)Balancer V3 ($221.52m)HyperSwap V3 ($63.32m)Valantis ($59.18m)Project X ($42.44m)Hybra V3 ($14.69m)WOOFi Swap ($9.33m)Ramses CL ($7.42m)HyperSwap V2 ($5.4m)Kittenswap CL ($2.55m)

Income Statement for Hyperliquid Spot Orderbook

Q3 2025*Q2 2025Q1 2025Q4 2024
Fees$100.98m$176.16m$136.48m$10.34m
Revenue$93.92m$166.59m$136.48m$10.34m
Earnings$93.92m$166.59m$136.48m$10.34m
Token Holder Net Income$93.92m$127.15m$0$0