Hyperion β Statistical Analysis
β
β
β
β
β
3.5
With $33.1M TVL and $15.0M 24h volume (β0.45x daily turnover) on a single chain, Hyperion shows solid near-term traction but moderate fee monetization (~0.012% 24h fees/volume) and limited diversification.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
- TVL stands at $33.1M with a +3.66% 24h increase, indicating net liquidity inflow.
- DEX activity is meaningful: $15.0M 24h volume and $481.1M 30d volume; 1d volume change is +27.64%, suggesting a recent demand spike.
- Market breadth is modest: 17 listed coins across 23 pairs (category: DEXs), with on-chain pool reserves reported at $32.4M (β97.9% of TVL), implying most capital is deployed in tradable pools.
2. Capital Efficiency
- 24h turnover (Volume/TVL) is $15.0M / $33.1M = 0.45x, implying each $1 of liquidity rotates about 0.45 times per day.
- 7d turnover is $91.2M / $33.1M = 2.76x; 30d turnover is $481.1M / $33.1M = 14.53x, consistent with a venue that can reuse liquidity multiple times per month.
- Transaction microstructure (GT): 91,645 24h transactions with 4,631 active users implies ~19.8 tx/user/day; average trade size is $15.2M / 91,645 β $166/tx, pointing to retail-dominant flow that typically demands deep stablecoin liquidity to keep slippage controlled.
3. Liquidity & Pair Spread
- Pair coverage is relatively concentrated: 23 pairs / 17 coins = 1.35 pairs per coin, suggesting limited cross-asset routing depth versus larger multi-DEX ecosystems.
- Average liquidity per pair is $33.1M / 23 β $1.44M, while average 24h volume per pair is $15.0M / 23 β $0.65Mβadequate for majors, but long-tail pairs may face higher effective spreads.
- Top pairs skew to stablecoin and blue-chip collateral routes (e.g., USDC/APT, USDT/USDC, USDT/APT, WBTC/USDC, xBTC/APT), implying liquidity and price efficiency are likely best around stable-stable and stable-L1/base-asset corridors, with weaker depth expected outside these hubs.
4. Chain Dominance
- TVL deployment is 100% on Aptos: $33.1M on a single chain, meaning execution quality and growth are tightly coupled to Aptos user activity and bridged stablecoin availability.
- Single-chain focus can improve routing consistency, but it also concentrates risk (network-level outages, ecosystem liquidity cycles) and limits organic arbitrage inflows from other chains.
- Pool history suggests relative youth: oldest pool created 2025-02-04, making the live liquidity footprint roughly ~14 months old, which can explain both the high activity bursts and still-developing pair diversity.
5. Analyst Verdict
- Monetization is currently light relative to volume: 24h fees $1,783 imply an effective fee/volume of $1,783 / $15.0M β 0.0119%; 30d fees $93,325 vs 30d volume $481.1M implies ~0.0194%.
- Revenue capture is partial: 24h revenue $357 equals ~20.0% of 24h fees ($357 / $1,783), and 30d revenue $18,663 equals ~20.0% of 30d fees ($18,663 / $93,325), indicating most fees accrue to LPs rather than the protocol.
- Risk/maturity signals are mixed: 2 audits support baseline assurance, but Trust Score: N/A and single-chain dependence keep the risk premium elevated; overall, the metrics fit a growing, activity-positive DEX with moderate capital efficiency (0.45x daily) and limited diversification.