Logo of HMXHMX(HMX)

Total Value Locked$267,748

TVL by Chain

Arbitrum$221,623

Blast$33,535

Polygon$12,590

Key Metrics

Cumulative Fees$22.94m
Cumulative Fees by chain

Arbitrum$21.9m

Blast$693,939

Polygon$346,317

Cumulative Revenue$7.02m
Cumulative Revenue by chain

Arbitrum$6.74m

Blast$281,473

Polygon$0

Cumulative Holders Revenue$6.47m
Cumulative Holders Revenue by chain

Arbitrum$6.23m

Blast$246,287

Polygon$0

Cumulative Perp Volume$67.368b
Cumulative Perp Volume by chain

Arbitrum$66.097b

Blast$1.27b

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.

WebsiteX/Twitter
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 including leverage on the perp exchangeView code on GitHub

Competitors

LogX V2 ($41.17)Contango V2 ($12.51m)Gains Network ($8.43m)ApeX Pro ($1.43m)Derive V2 ($481,856)Vest Markets ($297,440)MUFEX ($276,445)Jarvis Network ($253,525)Lynx ($156,453)SynFutures V1 ($112,501)

Frequently Asked Questions

What is HMX's TVL?

HMX currently has $267,748 in total value locked. TVL has increased 1% over the past 30 days.

What chains does HMX operate on?

HMX operates on 3 chains: Arbitrum, Blast, and Polygon. Arbitrum holds the largest share at 82.8%.

How does HMX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, HMX ranks #80 by TVL. The category holds $2.012b across 420 protocols, and HMX accounts for <0.1% of that total. Other leading protocols include LogX V2, Contango V2, Gains Network, ApeX Pro, Derive V2, Vest Markets, MUFEX, Jarvis Network, Lynx, and SynFutures V1.