Racks

Total Value Locked

$4,370

Chain Breakdown
Hyperliquid L1	$4,370

	$6,344
	$6,344

TVLFeesRevenueUSD InflowsTweets

USD ETH

Protocol Information

Racks is a platform for fast paced 1000x leveraged trading on HyperEVM via 1-minute expiry options

Category:Derivatives

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Methodology

TVL: Sum of all USDT deposits in Collateral Vault

Fees: V1: Trading fees calculated as 5% of trade value (size * limitPrice) from LimitOrderFilled events. Net after taker fee/maker rebate is 5% to protocol. V2 (After Sept 25, 2025): Fees extracted from Settled events where the fee recipient receives positive pnl, including trading fees and liquidation penalties. Same 5% net fee to protocol.

Revenue: All fees collected go directly to the protocol treasury

TVL code Fees and Revenue code

Competitors

Hyperliquid HLP ($578.39m)SIR ($101,965)Jupiter Perpetual Exchange ($1.663b)Drift Trade ($850.59m)GMX V2 Perps ($448.3m)dYdX V4 ($162.02m)Synthetix V3 ($110.96m)Avantis ($109.47m)Extended ($99.28m)Derive V2 ($76.95m)