Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$0Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $0 | -- | -- | -- |
| Oct 2026 | $0 | -- | -- | -- |
| Sep 2026 | $0.04 | -- | -- | -- |
| Aug 2026 | $410.52 | -- | -- | -- |
| Jul 2026 | $5.7K | -- | -- | -- |
| Jun 2026 | $17.64K | -- | -- | -- |
Comparison
Team
Follow Updates
Follow Lists
People
About Sentiment
Onyx comes from the team behind the Sentiment lending protocol and is a professional trading terminal built on Hyperliquid that puts spot and perpetual futures into one account view. Traders no longer split collateral across venues: a single balance can back spot positions and contract positions at the same time, which removes much of the work of moving margin when a view changes.
Mechanically, Onyx sends orders into Hyperliquid's order book and inherits its clearing state, so margin, funding and liquidation prices are read from the base layer, while the terminal adds stop-market, stop-limit, TWAP and scale orders, leverage up to 100x and more than 100 instruments, including builder-deployed HIP-3 markets. The layering separates execution from clearing authority: the front end prepares quotes and orders, risk stays underneath. Hyperliquid's cumulative volume passed 5.14 trillion dollars in August 2026 with about 1.66 million users, the liquidity this kind of terminal draws on.
Sentiment completed its rebrand and product switch to Onyx on March 23, 2026, launching a Hyperliquid-based trading terminal with up to 100x leverage, more than 100 markets including HIP-3 pairs, and TWAP and scaled order types, alongside a points program with a retroactive claim path for Sentiment v1 and v2 users. It had raised $3.4 million from Castle Island Ventures, Archetype, Matrixport and others.
Onyx, Sentiment's on-chain options venue, plans to keep expanding venue and HIP-3 coverage; a token generation event and airdrop remain unscheduled, with tokenomics still undisclosed.
Matt Grant — Founder; former Solidity developer at Plexus and credit underwriter at OnDeck; founded Sentiment in 2021, combining smart contract work with traditional credit analysis.