Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$134.2KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $134.2K | -- | -- | -- |
| Sep 2026 | $220.51K | -- | -- | -- |
| Aug 2026 | $130.25K | -- | -- | -- |
| Jul 2026 | $140.89K | -- | -- | -- |
| Jun 2026 | $157.91K | -- | -- | -- |
| May 2026 | $119.28K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Liquid
Liquid is a decentralized trading protocol that unifies crypto and traditional assets on a single interface, allowing retail users to trade cryptocurrencies, stocks, commodities, and forex 24/7 with up to 200x leverage, all without transferring asset custody.
Its core value proposition lies in breaking down the barriers between centralized and decentralized finance. Users no longer need to switch between multiple platforms to access different asset classes; they can manage positions, monitor risks, and execute trades from one place. The non-custodial design also reduces counterparty risk, addressing the pain point of fund safety on centralized exchanges.
The market pain point Liquid solves is the fragmentation of liquidity and the inefficiency of traditional market hours. Traditional stock markets are limited to trading hours, while crypto markets run 24/7. By offering tokenized stocks and perpetual contracts, Liquid bridges this gap, enabling continuous trading of traditional assets.
In the past six months (March to September 2026), the broader industry has moved toward tokenized securities. Nasdaq partnered with Kraken in March to pilot tokenized stocks, and the SEC approved related trials, while Coinbase launched 24/7 stock perpetuals. Liquid has benefited from this trend, growing its user base to approximately 40,000 and processing over $3 billion in trading volume since its launch in August 2025. The platform also introduced an AI-powered assistant to help users analyze markets and execute strategies.
One notable concern is the regulatory uncertainty surrounding tokenized securities and high-leverage products, which could affect the platform's operations in certain jurisdictions. However, no major negative incidents specific to Liquid have been reported during this period.
In August 2025, Liquid officially launched as a non-custodial multi-asset trading platform built on the Hyperliquid protocol, supporting over 500 markets including crypto, stocks, commodities, FX, and prediction markets.
In April 2026, Liquid announced the completion of an $18 million seed round co-led by Neo and Left Lane Capital. Since launch, the platform has processed over $3 billion in trading volume, served approximately 40,000 users, and integrated AI-driven research capabilities and leverage tools.
Liquid (liquid.trade) has advanced significantly in the past six months. In April 2026, it closed an $18M seed round led by Left Lane Capital and Neo, bringing total funding to $25.6M. In May, it launched Co-Invest, an AI-native trading interface that allows users to execute live trades directly within ChatGPT and Claude conversations, covering crypto, equities, FX, commodities, and prediction markets. The platform now supports 500+ markets with up to 200x leverage, and has surpassed $3B in cumulative trading volume with 35,000+ users across 120 countries.
Looking ahead, Liquid's roadmap focuses on deepening AI integration—making Co-Invest the primary execution layer for conversational trading—while expanding synthetic asset coverage across more traditional markets. The team is prioritizing risk management tooling (advanced stop-loss/take-profit automation) and regulatory alignment for leveraged products in key jurisdictions. Multi-asset margin efficiency and non-custodial settlement remain core architectural pillars, with plans to onboard institutional liquidity providers and enhance cross-chain collateral options.
Franklyn Wang: Founder & CEO. Harvard B.S. in Math, M.S. in CS (4.00). Ex-Two Sigma, D.E. Shaw, Citadel. Built Liquid (non-custodial trading) and Co-Invest AI.
Vladimir Novakovski: Co-founder (per funding records). Background not publicly detailed.
Ashwin Ramachandran: Co-founder (per funding records). Background not publicly detailed.