HyperSwapPrice

(SWAP)

HyperSwap is the premier native decentralized exchange (DEX) and liquidity hub built on HyperEVM, the smart contract layer of the Hyperliquid L1 blockchain. While Hyperliquid is primarily recognized for its order-book-based perpetuals, HyperSwap facilitates permissionless token swaps and automated market maker (AMM) liquidity. It serves as the foundational layer for spot trading and liquidity provision within the HyperEVM ecosystem.

No, they are distinct entities. HyperSwap native to HyperEVM uses the ticker $SWAP and functions as a decentralized exchange. There is a separate project known as HyperSwap AI with the token ticker HYLX, which operates as an AI-powered aggregator. Users should ensure they are interacting with the correct protocol and ticker to access the native HyperEVM liquidity hub and its associated rewards.

The $SWAP token serves several critical roles within the ecosystem, including protocol governance through voting, staking for rewards, and providing transaction fee discounts. It also acts as the primary incentive for liquidity providers. The total supply of $SWAP is capped at 1,000,000,000 tokens. Its design is intended to foster long-term ecosystem growth and active community participation.

$SWAP is the main utility and governance token of the protocol. In contrast, $xSWAP is the reward token specifically earned through liquidity mining and incentive programs. To encourage long-term commitment and manage supply effectively, $xSWAP typically involves a vesting or conversion process before it can be turned into $SWAP. This dual-token system helps balance immediate liquidity incentives with sustainable protocol tokenomics.

Eligibility is primarily driven by an official Points Program. Users can accumulate points by performing various activities on the DEX, such as swapping tokens and providing liquidity to incentivized pools, such as HYPE/USDT or HYPE/SWAP. Registering a unique Username ID on the HyperSwap application also contributes to point accumulation. Specific pools often feature multipliers that allow liquidity providers to earn rewards at an accelerated rate.

To use HyperSwap, users need an EVM-compatible wallet configured for the Hyperliquid network using Chain ID 999. Because HyperEVM is the execution environment, users must bridge $HYPE tokens to the network to cover gas fees for transactions. The protocol has been audited by PeckShield to ensure the security of smart contracts. Once connected, users can trade $SWAP on the native platform or other supported decentralized venues.