What is the biggest DEX on HyperEVM?

project-x, by a wide margin. Measured across the busiest pools on HyperEVM it carries around 73% of 24-hour DEX volume. HyperSwap V3 is a distant second at about 9%, then nest at 8% and Ramses V3 at 5%.

What is the gas token on HyperEVM?

HYPE, not ETH. The wrapped version, WHYPE, is at 0x5555555555555555555555555555555555555555. Any interface showing you an ETH symbol on HyperEVM is showing you the wrong thing.

Is gas expensive on HyperEVM?

Relative to other L2s, yes, and it catches people out. The same swap that cost about $0.013 of gas on Base quoted roughly $7.59 on HyperEVM, about 580 times more. On small trades gas can be a larger cost than slippage, so always check the gas figure before confirming.

Why can I not find HyperEVM token holders on a block explorer?

HyperEVM has no Blockscout instance. hyperevm.blockscout.com and hyperliquid.blockscout.com both return 404, and hyperevmscan.io serves a web interface rather than the public API most tools read. Holder lists and wallet histories are genuinely harder to get on HyperEVM than on Base or Ethereum, so treat any tool that shows them confidently with suspicion.

Can I trade HyperEVM on Schwep?

Not yet. Schwep trades Robinhood Chain today. HyperEVM market data and routing are built; trading turns on once the routing contract is deployed to HyperEVM.

How to trade on HyperEVM

Uniswap is not on this chain. One venue you have probably never heard of carries nearly three quarters of the volume, and the gas will surprise you.

Measured 2026-08-23 · chain id 999 · gas token HYPE

Every DEX on HyperEVM, ranked by real 24-hour volume

Venue	Share of volume	What it is
project-x	73.0%	Uniswap V3 clone — `fee()`, `tickSpacing()`, `slot0()`
HyperSwap V3	8.8%	Uniswap V3 fork
nest	7.8%	Algebra — `globalState()`, no `slot0()`
Ramses V3	5.1%	Uniswap V3 fork
Ring Exchange	3.0%	—
KittenSwap	0.9%	Algebra
Hybra Finance V4	0.9%	V4-style
HyperSwap V2	0.2%	Constant product

project-x is roughly 73% of the chain. Underneath, it is a Uniswap V3 clone — its pools answer fee(), tickSpacing() and slot0() exactly as Uniswap V3 pools do. So the mechanics are familiar even though the brand is not.

nest is the odd one out: it answers globalState() and has no slot0(), which makes it Algebra rather than Uniswap-shaped. Tools that assume every concentrated-liquidity pool is a Uniswap fork quietly fail on it.

The gas trap

580× Base, on the same trade

We quoted the same shape of swap on both chains on the same day.

Chain	Gas cost of one swap
Base	$0.013	Base guide
HyperEVM	$7.59	same quote, same day

On a $50 trade that is roughly 15% gone before slippage. HyperEVM rewards fewer, larger trades. Any interface that hides the gas figure is hiding the biggest line item on a small trade.

HYPE is not ETH

The gas token is HYPE. Wrapped, it is 0x5555555555555555555555555555555555555555 — a vanity address that is easy to recognise and, conveniently, hard to typo-squat convincingly. Prices quoted to you in “ETH” on this chain are mislabelled.

You will have less on-chain data than you are used to

HyperEVM has no Blockscout instance. We checked: hyperevm.blockscout.com and hyperliquid.blockscout.com both return 404, and hyperevmscan.io serves a web UI rather than the open API most analytics tools read.

That means holder lists, concentration figures and wallet histories are genuinely harder to obtain here than on Base or Ethereum. The honest position is that some checks you would run elsewhere are simply not available — and a tool that shows them to you anyway is worth a second look.

Frequently asked

What is the biggest DEX on HyperEVM?: project-x, by a wide margin. Measured across the busiest pools on HyperEVM it carries around 73% of 24-hour DEX volume. HyperSwap V3 is a distant second at about 9%, then nest at 8% and Ramses V3 at 5%.
What is the gas token on HyperEVM?: HYPE, not ETH. The wrapped version, WHYPE, is at 0x5555555555555555555555555555555555555555. Any interface showing you an ETH symbol on HyperEVM is showing you the wrong thing.
Is gas expensive on HyperEVM?: Relative to other L2s, yes, and it catches people out. The same swap that cost about $0.013 of gas on Base quoted roughly $7.59 on HyperEVM, about 580 times more. On small trades gas can be a larger cost than slippage, so always check the gas figure before confirming.
Why can I not find HyperEVM token holders on a block explorer?: HyperEVM has no Blockscout instance. hyperevm.blockscout.com and hyperliquid.blockscout.com both return 404, and hyperevmscan.io serves a web interface rather than the public API most tools read. Holder lists and wallet histories are genuinely harder to get on HyperEVM than on Base or Ethereum, so treat any tool that shows them confidently with suspicion.
Can I trade HyperEVM on Schwep?: Not yet. Schwep trades Robinhood Chain today. HyperEVM market data and routing are built; trading turns on once the routing contract is deployed to HyperEVM.

Where Schwep fits

Straight answer: Schwep does not trade HyperEVM yet. It trades Robinhood Chain today. The HyperEVM integration — market data, the venue map above, and routing that reaches project-x and the rest — is built and tested. Trading switches on when the routing contract is deployed. The terminal is here.