⌘K

HMX (HMX)

Total Value Locked$15.65m

Chain Breakdown
Arbitrum	$15.56m
Blast	$82.13k
Polygon	$14.93k

USD ETH

Information

Protocol Information

HMX (previous perp88) is a next-gen decentralized perpetual exchange with a cross-margin and multi-asset collateral support on Arbitrum, offering up to 1,000x leverage various asset classes. Additionally, HMX also supports the leveraged market making feature, which allows market makers to maximize their real yields generated from protocol revenue of both HMX and GMX, while also offering multiple LP protection mechanisms, such as a velocity-based funding fee and adaptive pricing, to protect market makers from undue risks.

Category: Derivatives

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Token Information

Address:arbitrum...c8c237

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Methodology

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Competitors

GMX V2 Perps ($430.05m)Synthetix V3 ($238.87m)Derive V2 ($117.05m)GMX V1 ($105.67m)Vertex Perps ($77.83m)Jupiter Perpetual Exchange ($1.72b)Drift Trade ($811.55m)Hyperliquid HLP ($390.82m)dYdX V4 ($388.06m)Wasabi ($79.8m)