Hey there, crypto enthusiasts! If you're knee-deep in the DeFi space, you've probably heard of DefiLlama—the ultimate hub for open and transparent analytics on decentralized finance. Well, they've just dropped a cool update: they're now tracking Liminal Perps on their Fees and Revenue Dashboard. This means more data at your fingertips for understanding on-chain perpetual futures trading on Hyperliquid L1.

For those new to the scene, perpetual futures (or "perps") are like traditional futures contracts but without an expiration date. They let traders bet on asset prices going up or down, using leverage, all while staying on-chain for that sweet blockchain security and transparency.

Liminal Perps, powered by Liminal Money, takes this a step further. It's a delta-neutral yield protocol built right on Hyperliquid's Layer 1. In plain English, delta-neutral means your investment isn't exposed to wild price swings. You deposit stablecoins like USDC, and Liminal does the heavy lifting: it buys the asset on the spot market (going long) and opens an equivalent short position in the perps market. The magic happens through funding fees—payments that longs make to shorts (or vice versa) to keep the perp price aligned with the spot price. Liminal captures these fees as yield for you, making it a smart way to earn passive income in DeFi.

As shown in the dashboard snapshot from DefiLlama's announcement on X, Liminal Perps is clocking in with annualized fees and revenue at $8,308 each. The 30-day perp volume? A solid $1.42 million. The bar chart highlights some ups and downs, with notable spikes around September and October, before tapering off in November. This kind of visibility is gold for traders looking to gauge protocol health and activity.

Why does this matter for you? In the fast-paced world of meme tokens and broader blockchain plays, tools like DefiLlama help cut through the noise. Whether you're farming yields, trading perps, or just keeping tabs on the ecosystem, having real-time fees and revenue data promotes better decision-making and fosters trust in DeFi projects.

Head over to the DefiLlama Fees Dashboard to check it out yourself, or dive into Liminal's docs for more on how to get started. As the DeFi landscape evolves, integrations like this keep pushing the boundaries of what's possible on-chain.

Stay tuned for more updates from Meme Insider, where we break down the latest in meme tokens and blockchain tech to help you level up your game!