InformationTVLYieldsFees and Revenue

HyperWave

Total Value Locked$14.9m

TVL by Chain

Arbitrum$9.56m

Hyperliquid L1$5.33m

Base$12,381

Ethereum$3,012

Key Metrics

Fees (Annualized)-$1.57m

Fees 30d-$128,793

Fees 7d$7,784

Fees 24h$613

Cumulative Fees$2.55m

Revenue (Annualized)$24,839

Revenue 30d$2,036

Revenue 7d$484

Revenue 24h$38

Cumulative Revenue$9,317

Protocol Information

Hyperwave is building the House of Payments—an onchain forex layer that reroutes global payments onto Hyperliquid. hwHLP is a tokenized form of the HLP vault, and hwHYPE is a vault that delivers the best risk-adjusted return for your HYPE.

Category:Yield

Audits:

WebsiteTwitter

Methodology

TVL: TVL represents the sum of tokens deposited in the vault + HLP positions + HyperCore Spot positions.View code on GitHubFees: Yields generated from HLP and hwHYPE vaults.View code on GitHubRevenue: Yields collected by protocol as revenue, currently, no revenue.View code on GitHub

Yields

Pools Tracked5

Average APY2.96%

View all Yields

Competitors

Pendle ($3.706b)Equilibria ($72.82m)Penpie ($63.15m)Spectra V2 ($40.23m)Royco Protocol ($24.54m)Spark Savings ($1.993b)Convex Finance ($949.39m)Strata Tranches ($215.3m)Stake DAO ($211.78m)infiniFi ($162.8m)

Income Statement for HyperWave

Q4 2025*Q3 2025Q2 2025
Fees$1.76m$788,349$1,824
Revenue$9,317$0$0
Earnings$9,317$0$0