Logo of Liquid

Liquid

Key Metrics

Fees 30d$249,819
Fees 30d by chain

Hyperliquid L1$249,819

Fees 7d$64,381

Hyperliquid L1$64,381

Fees 24h$8,985

Hyperliquid L1$8,985

Cumulative Fees$1.96m

Hyperliquid L1$1.96m

Revenue 30d$249,819
Revenue 30d by chain

Hyperliquid L1$249,819

Revenue 7d$64,381

Hyperliquid L1$64,381

Revenue 24h$8,985

Hyperliquid L1$8,985

Cumulative Revenue$1.96m

Hyperliquid L1$1.96m

DEX Volume 30d$378,484
DEX Volume 30d by chain

Hyperliquid L1$378,484

DEX Volume 7d$56,380

Hyperliquid L1$56,380

DEX Volume 24h$2,376

Hyperliquid L1$2,376

Cumulative DEX Volume$1.2m

Hyperliquid L1$1.2m

DEX Notional Volume 30d$864,455
DEX Notional Volume 30d by chain

Hyperliquid L1$864,455

DEX Notional Volume 7d$133,104

Hyperliquid L1$133,104

DEX Notional Volume 24h$6,315

Hyperliquid L1$6,315

Cumulative DEX Notional Volume$2.66m

Hyperliquid L1$2.66m

Perp Volume 30d$762.78m
Perp Volume 30d by chain

Hyperliquid L1$762.78m

Perp Volume 7d$185.6m

Hyperliquid L1$185.6m

Perp Volume 24h$30.09m

Hyperliquid L1$30.09m

Cumulative Perp Volume$4.53b

Hyperliquid L1$4.53b

Total Raised$25.6m

Nov 3, 2025$7.6mRound: SeedInvestors: Paradigm, General Catalyst, Ashwin Ramachandran, Eric Wu

Apr 28, 2026$18mRound: Series AInvestors: Neo, Left Lane Capital, Haun Ventures, K5 Global, SV Angel, Anti Fund, Sunflower Captial

Protocol Information

Liquid provides access to trading markets through Hyperliquid.

WebsiteX/Twitter
Category:Interface
Products:

Methodology

Fees:

Liquid Perps - builder code revenue from Hyperliquid Perps Trades.View code on GitHubLiquid Spot - Builder-code fees paid by users on Hyperliquid spot trades placed through the builder code.View code on GitHubLiquid Outcome - Builder-code fees paid by users on Hyperliquid HIP-4 outcome trades placed through the builder code.View code on GitHub

Revenue:

Liquid Perps - builder code revenue from Hyperliquid Perps Trades.View code on GitHubLiquid Spot - Builder-code fees on Hyperliquid spot trades, all kept by the builder.View code on GitHubLiquid Outcome - Builder-code fees on Hyperliquid HIP-4 outcome trades, all kept by the builder.View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Notional Volume: Notional volume of all trades on protocol

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Competitors

Ventuals ($488,450)LiquidBots ($78,574)Jupiter Prediction ($150,727)otomate.trade ($3,595)DESK CLOB ($2,094)DFlow Prediction Market ($741.57)Raydium PerpsPriveXpvp.trade PerpsAxiom Perps

Frequently Asked Questions

What chains does Liquid operate on?

Liquid operates on Hyperliquid L1.

How much has Liquid generated in fees and revenue?

Over the past 30 days, Liquid generated $249,819 in fees. Of that, $249,819 was protocol revenue. Based on the trailing year, the annualized rate is $1.79m in fees and $1.79m in revenue.

How does Liquid's TVL compare to similar protocols?

Among Interface protocols tracked by DefiLlama, Liquid ranks #316 by TVL. The category holds $724,181 across 316 protocols, and Liquid accounts for 0% of that total. Other leading protocols include Ventuals, LiquidBots, Jupiter Prediction, otomate.trade, DESK CLOB, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.

How much trading volume does Liquid process?

Liquid processed $378,484 in DEX volume over the past 30 days.