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![whatexchange Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1784927645991665664.png) what [@whatexchange](/creator/twitter/whatexchange) on x 2614 followers
Created: 2025-07-14 15:25:33 UTC

1/ Key Metrics

• TVL: Hyperliquid’s TVL currently stands at $1.985B. Since its mainnet launch, TVL has surged by approximately XXXXX% — from $158.3M to $1.985B.

• Volume: Over the past XX days, Hyperliquid has processed an average of approximately $7B in daily volume, capturing around 70-80% of the total Perp DEX market share, far outpacing competitors like Jupiter, dYdX, and APX Finance.

• Compared to CEXs: With an average daily volume of $7–8B, Hyperliquid compares favorably to centralized exchanges, representing about X% of Binance’s, XXXX% of Bybit’s, and approximately XXXX% of OKX’s volumes.

• Fees: According to DeFiLlama, total fees generated in the past XX days amounted to $63.27M, averaging $2.11M/day. To date, cumulative fees have reached $476.99M. Notably, XX% of these fees are allocated to token buybacks, which contributes to the exceptional price stability of HYPE.

=> These metrics highlight the strong foundation Hyperliquid is building, even after the airdrop narrative has played out.

![](https://pbs.twimg.com/media/Gv09MDCWMAEvqNh.png)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944780313793843569/c:line.svg)

**Related Topics**
[apx](/topic/apx)
[finance](/topic/finance)
[perp](/topic/perp)
[$7b](/topic/$7b)
[hyperliquid](/topic/hyperliquid)
[$1583m](/topic/$1583m)
[$1985b](/topic/$1985b)

[Post Link](https://x.com/whatexchange/status/1944780313793843569)