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Entropy
DEXOpen Interest
$56.68m+0.20%over 24h
Key Metrics
Volume (30d)$875.46m
7d$342.71m
24h$59.92m
All-time$1.589b
15.4x
Markets6
Reference assets6
Asset groups4
1%
Est. Fees (30d)$39,396
24h$2,696
All-time$71,516
$479,318
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| io:anthAnthropic | PE Perp | Permissionless | $42.1m | +4.26% | $17.97m | $75.34m | $224.38m | ANTH-USDC | $2,065 | -0.88% | +0.086% | -0.25% | 1h | 6x | $808.57 | $10,097 |
| io:nbisNebius Group N.V. | Stock Perp | Permissionless | $8.12m | -10.77% | $6.81m | $43.74m | $43.74m | NBIS-USDC | $220.67 | -3.11% | +0.037% | +11.65% | 1h | 15x | $306.31 | $1,968 |
| io:sndkSandisk Corporation | Stock Perp | Permissionless | $4.89m | -10.07% | $32.89m | $199.24m | $582.95m | SNDK-USDC | $1,606 | -1.85% | +0.07% | +14.31% | 1h | 10x | $1,480 | $26,233 |
| io:dramRoundhill Memory ETF | ETF Perp | Permissionless | $795,885 | -0.19% | $1.84m | $20.76m | $20.76m | DRAM-USDC | $57.08 | -1.72% | +0.038% | +17.67% | 1h | 25x | $82.91 | $934.04 |
| io:ewyiShares MSCI South Korea ETF | ETF Perp | Permissionless | $422,368 | -11.44% | $371,775 | $2.95m | $2.95m | EWY-USDC | $177.04 | -0.40% | +0.039% | +5.48% | 1h | 25x | $16.73 | $132.97 |
| io:gproGoPro, Inc. | Stock Perp | Permissionless | $349,214 | -6.38% | $39,033 | $682,453 | $682,453 | GPRO-USDC | $1.21 | +1.05% | +0.013% | +5.48% | 1h | 5x | $1.76 | $30.71 |
About Entropy
Entropy is a HIP-3 builder-deployed perpetual venue on Hyperliquid operating the 'io' dex namespace, launched 2026-08-18 with equity, index and pre-IPO perpetual markets. Deployer 0x320c8988e3d1b5198f335802d7bfd2728a8fcac6; oracle updater 0x94757f8dcb4bf73b850195660e959d1105cfedd5. Markets cash-settle in USDC. Pre-IPO markets quote in market-cap units rather than per-share prices and carry a two-year no-IPO resolution that settles to the 30-day trailing TWAP of the mark.
Entity
Legal entityEntropy
Primary chainHyperliquid L1
Registry
Publicly announced a $14M raise led by Ribbit Capital plus a $40M HYPE stake (issuer claim, not independently verified as of 2026-08-25). Operates the 'io' HIP-3 namespace on Hyperliquid.
Markets
Open interest by asset group
Asset classes
Fees & revenue
Revenue modelMaker/Taker Fees
ConfidenceIssuer-Disclosed
Margin settlement assetsUSDC (Hyperliquid)
Fees last verified2026-08-25
HIP-3 builder-deployer on Hyperliquid. Fees are 2x the standard HL perp schedule (3.0 bps maker / 9.0 bps taker), protocol fee split evenly with Hyperliquid; deployerFeeScale 1.0. Both live markets have growth mode enabled (2026-08-19), scaling all fees, rebates and volume contribution by 0.1, so the effective schedule is 0.30 bps maker / 0.90 bps taker. Funding is peer-to-peer with no exchange cut, so there is no funding skim.