Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$8.84KBuyback funds
$6.24KBurn funds
--Buyback ratio
70.6%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $8.84K | $6.24K | -- | 70.6% |
| Oct 2026 | $56.67K | $23.74K | -- | 41.9% |
| Sep 2026 | $26.43K | $22.54K | -- | 85.3% |
| Aug 2026 | $66.68K | $29.86K | -- | 44.8% |
| Jul 2026 | $18.57K | $19.8K | -- | 106.6% |
| Jun 2026 | $67.5K | $59.4K | -- | 88.0% |
Comparison
Team
Follow Updates
Follow Lists
People
About HyperSwap
HyperSwap is a native AMM decentralized exchange on HyperEVM, the smart-contract layer of the Hyperliquid ecosystem, launched in February 2025 when HyperEVM went live, and one of the chain's first and deepest spot-trading venues. It runs two pool types side by side: constant-product (x*y=k) pools with uniform liquidity, and concentrated-liquidity pools where LPs define custom price ranges. Trades are priced algorithmically by pool ratios through EVM contracts, with multi-path routing splitting large orders across pools to compress slippage, while the interface adds on-chain limit orders and one-click transfers between HyperCore and HyperEVM.
The incentive layer follows Curve-style veTokenomics: SWAP can be locked into xHSPX to steer liquidity-mining emissions toward chosen pools, and the protocol integrates Thunderhead's liquid staking module so users can stake HYPE for stHYPE inside the same interface with HSPX incentives on top. Contracts were audited by PeckShield, and 800 Swappy NFTs grant holders fee discounts and liquidity-mining boosts. Per DefiLlama, TVL stood at about $16.79 million on October 19, 2026, and August 2026 fees totaled roughly $737,000.
CryptoPoulpe — Co-founder; a well-known trader and KOL in French crypto communities who was among the earliest public advocates of Hyperliquid in France, and co-built HyperSwap, the native AMM of HyperEVM, during its 2025 beta phase.
Ryzed — Co-founder; left a traditional career to work full-time on Hyperliquid ecosystem development, co-launching HyperSwap and leading its operations.
HyperSwap charges a 0.3% fee on every swap; the fee is added to the liquidity pool and is earned pro rata by liquidity providers.