HyperSwap V3
HyperSwap V3 is a single-chain decentralized exchange. Reports $7M in 24-hour trading volume. Runs on Hyperliquid L1.
| Architecture | Single-chain |
|---|---|
| Website | app.hyperswap.exchange/#/swap?referral=defillama |
| 24-hour volume | $7M |
| Chains | Hyperliquid L1 |
Figures from the 25 September 2026 build snapshot. Open the live view for the current rankings.
Architecture
Single-chain — the protocol runs on one blockchain.
Custody note
The protocol holds nothing: a trade routes through code the trader signs, and the tokens never sit in a company's balance. That is not the same as the ASSETS traded being self-custody — a stablecoin issuer can freeze a USDT or USDC balance, and a wrapped coin like WBTC represents Bitcoin held in third-party custody. The venue's custody model does not travel through to the assets on it.
Known markets on HyperSwap V3
No curated markets are recorded for HyperSwap V3 on this build. DEX ticker coverage grows as tail assets that HyperSwap V3 pools appear in the top-N snapshot.