The Farmers Market

HyperSwap

DeFi Token Live $$

First native AMM DEX on HyperEVM with V2/V3 pools, automated buyback & burn, and upcoming Smart Order Engine

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Farming Overview

Farming Stage Late
Chain Hyperliquid
TVL $12.7M
Type AMM DEX
Token SWAP (live)
Total Volume $5B+
Annual Fees $4.1M

Key Statistics

TVL $12.7M
Total Volume $5B+
Annual Revenue $752K
SWAP Burned 2.65% of supply

How to Farm HyperSwap

  1. Provide liquidity in major pools to earn xSWAP liquidity mining rewards
  2. Swap tokens on HyperSwap for best execution on HyperEVM
  3. Stake SWAP to earn boosted liquidity mining rewards and protocol revenue share
  4. Participate in buyback & burn program (75% of protocol revenue used for buybacks)
  5. Hold SWAP for exposure to upcoming Smart Order Engine and Trading Terminal

Why Farm HyperSwap?

  • First native AMM DEX on HyperEVM — 60% of 100M SWAP supply to community, 25% airdropped fully liquid at TGE
  • 75% of all protocol revenue directed toward SWAP buybacks — strongest revenue-to-token accrual in HL ecosystem
  • xSWAP dual-token rewards for LPs with 15-day to 6-month vesting — staking 1,000+ SWAP earns 10% bonus
  • ~$1.5M TVL, SWAP at ~$0.02 (FDV ~$2M) — massively compressed valuation for HyperEVM's foundational DEX
  • LP positions earn xSWAP rewards plus points from partner protocols (Unit, HyperLend, etc.)
  • HyperLaunch platform planned for new token launches — SWAP holders get launchpad allocation benefits

About HyperSwap

HyperSwap is the first native AMM DEX on HyperEVM, operating both V2 and V3 pools. The protocol has processed over $5B in total volume and generates $4.1M in annualized fees. 75% of protocol revenue goes to automated buyback and burn of SWAP tokens (2.65% of supply already burned). The roadmap includes a Smart Order Engine that routes between HyperSwap's AMM and Hyperliquid's orderbook for optimal execution.

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Frequently Asked Questions

What is HyperSwap and how does it work?

HyperSwap is the first native AMM DEX on HyperEVM, operating both V2 and V3 pools. The protocol has processed over $5B in total volume and generates $4.1M in annualized fees. 75% of protocol revenue goes to automated buyback and burn of SWAP tokens (2.65% of supply already burned). The roadmap includes a Smart Order Engine that routes between HyperSwap's AMM and Hyperliquid's orderbook for optimal execution.

How do I farm the HyperSwap airdrop?

To farm the HyperSwap airdrop, you should: Provide liquidity in major pools to earn xSWAP liquidity mining rewards. Swap tokens on HyperSwap for best execution on HyperEVM. Stake SWAP to earn boosted liquidity mining rewards and protocol revenue share. Participate in buyback & burn program (75% of protocol revenue used for buybacks). HyperSwap is currently in the late farming stage with token live airdrop status.

What is the expected value of the HyperSwap airdrop?

The HyperSwap airdrop has an expected value rating of 2 out of 5 ($$). The farming stage is late and the airdrop status is token live. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.

Why should I farm HyperSwap?

First native AMM DEX on HyperEVM — 60% of 100M SWAP supply to community, 25% airdropped fully liquid at TGE 75% of all protocol revenue directed toward SWAP buybacks — strongest revenue-to-token accrual in HL ecosystem xSWAP dual-token rewards for LPs with 15-day to 6-month vesting — staking 1,000+ SWAP earns 10% bonus