In the rapid expansion of the Aptos ecosystem, Hyperion @hyperion_xyz has swiftly established its position as the core liquidity layer through technological depth and ecological integration capabilities. As the first decentralized exchange (DEX) on Aptos to support the Uniswap V3 model, Hyperion not only addresses the capital efficiency issues of traditional AMMs but also builds a trading infrastructure that combines high returns with low friction through continuous product iteration and resource integration.
Hyperion recently announced the details of its genesis airdrop, marking a key transition for the protocol from a nascent project to ecological infrastructure within five months. This airdrop covers protocol traders, liquidity providers, and community contributors, with a total allocation accounting for 5% of RION tokens, of which 3% will be released upon token generation, and the remaining 2% will unlock linearly one month after TGE, reflecting substantial returns for early supporters.
As a top protocol on the Aptos chain with trading volume exceeding $6.5 billion, Hyperion has built a complete DeFi infrastructure layer. Data shows its TVL has surpassed $130 million, with daily trading volume stabilizing between $125 million and $150 million, ranking 12th globally in the DEX 30-day trading volume in July 2025. The protocol innovatively launched the Drips incentive system, validating the effectiveness of its community-driven model through on-chain interactions from 940,000 participants. In terms of technical iteration, rapid deployment of features such as concentrated liquidity pools, cross-aggregator liquidity integration, and automated yield vaults demonstrates the team's strong engineering execution capabilities.
This airdrop design highlights three differentiated values: first, precise incentives for genuine on-chain behavior, including contributors to trading volume, certified pool liquidity providers, and community growth promoters; second, synergy with joint wallet activities with ecosystem partners like Bitget Wallet and Gate Wallet; third, a special lucky draw for Aptos 2022 airdrop addresses, reinforcing cross-protocol collaboration through 800 additional reward slots. With the RION token enabling governance, trading incentives, and other core functionalities, Hyperion is building a dynamic rewards system based on contribution value, and the subsequent launch of Drips Season 2 may further reshape the liquidity distribution pattern within the Aptos ecosystem.
Technical Architecture: Efficiency leap from UniV3 to aggregation layer
Hyperion's core competitiveness stems from its deep adaptation to the concentrated liquidity model (CLMM). Compared to traditional constant product market makers (like Uniswap V2), CLMM allows liquidity providers (LP) to concentrate funds within specific price ranges, thus significantly improving capital utilization. For example, in stablecoin trading pairs, LPs can concentrate liquidity in the price range of 0.99–1.01, enabling the same amount of capital to support larger trading volumes while earning higher fee revenues. Empirical data shows that Hyperion's CLMM pools can handle trading volumes up to several tens of times that of traditional AMMs at the same TVL.
The directional liquidity market maker (DLMM) launched in June 2024 further optimizes this model. DLMM achieves zero slippage trading within specific ranges by dynamically adjusting liquidity distribution (x+y=k), making it particularly suitable for highly volatile assets. This technological combination makes Hyperion the only platform on Aptos capable of efficiently trading both stablecoins and long-tail assets.
The aggregator feature launched on June 13 marks Hyperion's transformation from a single DEX to a full ecological liquidity hub. This feature uses smart routing algorithms to split trading paths, aggregating liquidity from all DEXs on Aptos to provide users with the best prices and lowest slippage. This design directly competes with Ethereum's 1inch and Solana's Jupiter, filling the gap in the Aptos ecosystem at the trading execution level.
Ecological Positioning Advantage: Aptos's 'favorite child' and resource barriers
Hyperion's rise is inseparable from the support of Aptos officials. In early 2025, Aptos launched a $200 million ecological fund and initiated the LFM plan, clearly prioritizing liquidity infrastructure as a key support direction. As one of the first selected projects, Hyperion received comprehensive support for technical integration, financial incentives, and traffic introduction. This deep binding gives it a first-mover advantage in competition— for instance, new assets on the Aptos chain (such as xBTC) prioritize liquidity deployment with Hyperion.
Data shows that this synergy has already translated into actual growth: four months post-mainnet launch, Hyperion's TVL exceeded $150 million, with average daily trading volume consistently occupying over 40% of the Aptos ecosystem DEX. Notably, its LP annualized yield (APY) remains in the range of 50%-300% following TVL expansion, far exceeding similar protocols, reflecting the team's ability to maintain high incentives through strategic financing and ecological subsidies.
Market Strategy: Resource leverage and user growth flywheel
Hyperion's market expansion path demonstrates its strong integration capability of industry resources. Starting from Q2 2025, its collaborations with mainstream trading platform wallets have intensively landed:
Through the 'USDC DeFi Season' activity of OKX Wallet, users can directly access Hyperion's liquidity pools within the OKX app;
The trading mining activity launched in collaboration with Bitget Wallet and Gate Wallet combines social tasks with on-chain interactions, adding over 30,000 new addresses in a single week;
The OKX Cryptopedia program launched on July 1 further guides users to participate in Hyperion's aggregator and Vault services through educational tasks.
These collaborations not only bring short-term traffic but, more importantly, establish deep ties with centralized exchanges. For example, the leading DEX in the Sui ecosystem, Cetus, was included in Binance's futures listing due to a similar pathway, while Hyperion, with earlier ecosystem positioning and higher trading volume, has stronger expectations for exchange listings.
Participation Path and Value Capture
For investors and ecosystem participants, Hyperion currently offers three core value capture opportunities:
1. Liquidity Provision: Earn trading fees and token incentives through CLMM/DLMM pools, or use the 'Zap In' feature (launched on June 23) to deposit single-sided assets with one click to automatically form LP, reducing operational barriers;
2. Drips Points System: Users can accumulate Drips points by participating in trading, providing liquidity, or completing community tasks, directly linking this system to future token airdrops and governance rights distribution;
3. Third-party activity linkage: Such as the grant activities of Gate Wallet or the APT lottery section, obtaining potential airdrop qualifications through low-cost interactions.
Funding Background and Growth Momentum
In May 2024, Hyperion completed a strategic funding round led by OKX Ventures, with participation from Aptos Labs, Mirana Ventures, and others. The background of the investors provides dual guarantees: on one hand, OKX's exchange resources can accelerate liquidity injection and listing processes; on the other hand, the technical support from Aptos Labs ensures that it maintains an advantage in protocol layer updates (such as parallel execution optimization).
From the roadmap, Hyperion's Vault platform will become a key focus in the next phase. This platform allows users to delegate LP assets to professional market makers, automatically optimizing position distribution and fee reinvestment through algorithms, further lowering the participation threshold for average users. If this model succeeds, Hyperion is expected to upgrade from a trading infrastructure to the revenue hub of Aptos.
Growth logic of data validation
As of June 2024, Hyperion's key metrics have formed a positive cycle:
TVL/Trading Volume Ratio: $150 million TVL supports an average daily trading volume exceeding $80 million, with a capital turnover rate far exceeding similar protocols;
Incentive Efficiency: The trading volume growth brought by unit TVL subsidies reaches 1:5, indicating that incentives primarily flow to real users rather than volume-scraping bots;
User Retention: Among addresses participating in wallet activities, 45% continued trading or adding liquidity after 30 days, reflecting product stickiness.
Against the backdrop of continued increases in the Aptos ecological fund and the upcoming TGE, Hyperion's ecological positioning advantages are expected to further expand. Its technological architecture has validated the feasibility of a high capital efficiency model, while its resource integration capabilities have built an almost insurmountable competitive barrier. For investors focused on early ecological opportunities, Hyperion represents a configuration choice that combines technological certainty with explosive growth potential.
