TradeXYZNot yet announced
Not yet announced
Open interest
$3.84B
24h volume
$1.02B
TVL
—
Annual revenueVolume annualised at a 6.30bps blended take rate.
$234.86M
Points outstanding
—
Running
—
Not tracked — enter an estimate
$
Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $2.09B–$8.68B.Regression on Revenue · ecosystem, n=10, refit daily on listing-day and live FDVs. Range $1.14B–$12.40B.
%
Not published — pick an estimate
Value per point
—
Add total points and an airdrop % to price a point.
Your holding
—
Enter your points to see what they're worth.
Sensitivity · $/point
Not enough data to model
Needs points outstanding, an expected airdrop percentage and at least one valuation factor.
Rows are launch FDV (log-spaced around the FDV set in the calculator); columns are the share of supply going to the airdrop. Cells are the resulting value of one point, after any haircuts set under Advanced.
Fair-value breakdown
Annualised revenue$5.93B
$234.86M × 25.3×40%
Annualised volume$417.35M
$372.79B × 0.0×25%
Open interest$4.58B
$3.84B × 1.2×20%
TVL—
No data for this venue · weight redistributed
Blended fair value$3.99B
p25–p75 band$2.09B – $8.68B
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
OTC price history
No OTC quotes for this programmeQuotes parsed from Telegram OTC desks, deduplicated and outlier-filtered.
GET /api/points/otcDaily medians of anonymous desk quotes. Treat as sentiment, not a price — a desk that wants to move the printed mid only has to post into the channel.
Emissions & dilution
No emission historyWeekly points issued, so you can see how fast your share is being diluted.
GET /api/points/emissionsEvery point issued after you earn yours dilutes your share of the same pool. A programme emitting steadily is worth less per point tomorrow than today, all else equal.
What we know0 facts
First HIP-3 builder on Hyperliquid (dex key xyz). No token, no points programme and no referral scheme as of mid-2026 reporting — status unannounced. HIP-3 base fees are 2x Hyperliquid validator-market rates, so Tier 0 is 9.0/3.0bps; Growth Mode on most RWA markets cuts that by ~90% and is the rate most flow actually pays, which this single pair of fields understates. Volume is counted inside Hyperliquid's DefiLlama total, so the slug is null rather than double-counting. S&P 500 licence March 2026.
Statusunannounced
Facts last verified2026-10-19 (7d ago)
TGE expected—
Airdrop share of supply—estimatedOur estimate — not published by the venue
Points outstanding—estimatedOur estimate — not published by the venue
Conversion ratios are set by each team at distribution time and no programme is obliged to ship a token. Never trade solely to farm an airdrop.