Ask about Entropy RWA Perps · free
Entropy
DEXOpen Interest
$56.84m+2.82%over 24h
Key Metrics
Volume (30d)$872.69m
7d$339.94m
24h$57.15m
All-time$1.586b
15.4x
Markets6
Reference assets6
Asset groups4
1.1%
Est. Fees (30d)$39,271
24h$2,572
All-time$71,391
$477,798
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| io:anthAnthropic | PE Perp | Permissionless | $42.21m | +4.24% | $17.62m | $74.98m | $224.03m | ANTH-USDC | $2,069 | -0.34% | +0.133% | +13.25% | 1h | 6x | $792.72 | $10,081 |
| io:nbisNebius Group N.V. | Stock Perp | Permissionless | $8.16m | -4.90% | $6.25m | $43.18m | $43.18m | NBIS-USDC | $221.53 | +0.08% | +0.112% | +16.36% | 1h | 15x | $281.04 | $1,943 |
| io:sndkSandisk Corporation | Stock Perp | Permissionless | $4.9m | +7.04% | $31.16m | $197.51m | $581.22m | SNDK-USDC | $1,603 | +0.09% | +0.057% | +8.14% | 1h | 10x | $1,402 | $26,155 |
| io:dramRoundhill Memory ETF | ETF Perp | Permissionless | $802,876 | +1.71% | $1.75m | $20.67m | $20.67m | DRAM-USDC | $57.16 | +0.18% | +0.067% | +17.72% | 1h | 25x | $78.89 | $930.03 |
| io:ewyiShares MSCI South Korea ETF | ETF Perp | Permissionless | $428,130 | -11.72% | $335,156 | $2.92m | $2.92m | EWY-USDC | $177.14 | +0.95% | +0.042% | +7.20% | 1h | 25x | $15.08 | $131.32 |
| io:gproGoPro, Inc. | Stock Perp | Permissionless | $346,790 | -5.57% | $36,089 | $679,510 | $679,510 | GPRO-USDC | $1.20 | +0.66% | +0.189% | +86.00% | 1h | 5x | $1.62 | $30.58 |
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.