Lenders deposit assets into HyperLend and earn interest paid by borrowers (supply-side fees); the protocol keeps a share of that interest as revenue, set per reserve by the reserve factor.

HyperLend is a non-custodial lending protocol on HyperEVM. Core Pools are an Aave v3.2 friendly fork (pooled lending); Isolated Pools are a FraxLend v3 fork (isolated pair markets).

HPL tokenholders own and govern HyperLend, the credit and liquidity layer for the Hyperliquid ecosystem.

twitter

website

github

discord

Lending

HyperLend

# HyperLend Average revenue per user (ARPU) Methodology

## 1. Overview

Average revenue per user (ARPU) is measured as the daily revenue generated per active user for HyperLend. The monetization efficiency of individual active users is reflected by this metric on a daily basis. The calculation is performed by dividing the total daily protocol revenue by the active users (daily) over a fixed 24-hour window. A standardized measure of user monetization is provided to institutional investors through this metric.

## 2. Data sources

- **Revenue**: Derived from the Revenue metric
- **Active users (daily)**: Derived from the Active users (daily) metric

## 3. Step-by-step calculation

### Component A: Daily revenue aggregation

- **Purpose**: Aggregate total daily revenue
- **Logic**: Daily revenue values are retrieved from the upstream Revenue metric. These values, which represent the protocol's share of interest, flash loan premiums, and liquidation fees, are aggregated to determine the total revenue generated by the protocol on a daily basis.

### Component B: Daily active user retrieval

- **Purpose**: Retrieve the daily active user count
- **Logic**: Daily active user counts are retrieved from the upstream Active users (daily) metric. The project-level dimension is selected to represent the total unique transaction signers interacting with the protocol within each 24-hour window.

### Component C: Average revenue per user calculation

- **Purpose**: Calculate the daily average revenue per user
- **Logic**: The total daily revenue is divided by the daily active user count. A zero-fill strategy is applied to days with no recorded activity or revenue to maintain a continuous time series.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

HyperLendHPL

Average revenue per user (ARPU)

Average revenue per user (ARPU)

Competitive landscape