Apps / Dossier · DEX & liquidity · № 0200

DEX & liquidity

Project X

Decentralized exchange — earn fees by helping other people swap tokens.

Visit official site ↗ @prjx_hl

Total value held · all chains

$41.3 Million

▲ +1.21% this week

100% on Hyperliquid L1 · also on 0 other chains

Chains

Live yield options

Best reward rate

42.92%

Live since

2025

Where it runs

Available on 1 chains

01
Hyperliquid L1

$41.3Million

value held

→

Earn here · live yield options

Yields available on Project X

14 live options — yields range 1.87% to 42.92% per year, with a median of 4.47%.

All 14 yield options on Project X Expand →

Option	Chain	Reward	Pool size
project-x - UBTC-UETH	Hyperliquid L1	6.64%	$416Thousand
project-x - VKHYPE-KHYPE	Hyperliquid L1	4.47%	$398Thousand
project-x - KMHYPE-KHYPE	Hyperliquid L1	1.88%	$314Thousand
project-x - USDT0-VEZO	Hyperliquid L1	0.0%	$246Thousand
project-x - UETH-KHYPE	Hyperliquid L1	6.82%	$234Thousand
project-x - KMHYPE-KHYPE	Hyperliquid L1	3.06%	$212Thousand
project-x - UBTC-KHYPE	Hyperliquid L1	23.37%	$168Thousand
project-x - WSTHYPE-KHYPE	Hyperliquid L1	0.0%	$66.2Thousand
project-x - USOL-KHYPE	Hyperliquid L1	1.87%	$60.6Thousand
project-x - UPUMP-KHYPE	Hyperliquid L1	4.05%	$42.7Thousand
project-x - KMHYPE-KHYPE	Hyperliquid L1	3.54%	$40.7Thousand
project-x - KMHYPE-VKHYPE	Hyperliquid L1	0.0%	$13Thousand
project-x - UXPL-KHYPE	Hyperliquid L1	27.51%	$11Thousand
project-x - UPUMP-KHYPE	Hyperliquid L1	42.92%	$10.6Thousand

How it works

Using Project X in three steps

1

Pair two tokens

Pick two tokens (e.g. ETH + USDC), deposit both in equal value into the trading pool.
2

Earn a share of fees

Every time someone swaps through this pair, you earn a tiny cut of the fee. The more people trade, the more you earn.
3

Watch out for IL

If one token's price moves a lot relative to the other, you'd have been better off just holding — the gap is called 'impermanent loss'.

Read up

About Project X

Project X is built on the belief that tech is becoming increasingly commoditized and the next era of DeFi will be won by innovating on distribution, incentive design and UX.

Description provided by the protocol team. Always verify directly before depositing funds.

Tokens earning here

Top tokens earning yield through Project X

KHYPE

UETH

UBTC

KMHYPE

VKHYPE

→

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Frequently asked

What people ask about Project X

What is Project X?

Project X is an on-chain app. Decentralized exchange — earn fees by helping other people swap tokens.

Is using Project X safe?

Project X has 0 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

Right now yields on Project X run 1.9%–42.9% per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

Project X runs on 1 chains, including Hyperliquid L1. Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.

Terms used on this page

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