what's Nest Exchange?
Nest Exchange is the pioneering native decentralized exchange (DEX) built on HyperEVM, tailored for the Hyperliquid ecosystem. It facilitates efficient on-chain trading with a focus on value amplification, enabling users to engage in swaps and liquidity provision while benefiting from innovative reward mechanisms that go beyond standard fee sharing. At its core, Nest Exchange features a unique engine that transforms trading fees into MEGAHYPE tokens, providing participants with leveraged exposure to the broader Hyperliquid network. This system promotes ecosystem growth by converting fees into assets that capture and multiply value, encouraging deeper integration and participation in HyperEVM-based DeFi activities.
Nest Exchange has 80% of NEST token supply locked, with the percentage continuing to rise.
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x.com/nestexchangeHas 80% of NEST token supply locked, with the percentage continuing to rise.
Achieved $693K TVL in the USDH-WHYPE liquidity pool on Hyperliquid, with a current APY of 41.6% and 30-day average APY of 57.0%.
Accumulated $139k in HYPE through February in the HYPE Engine Vault program.
Holds $106k veNEST in the HYPE Engine Vault.
Integrated with vfat_io on HyperEVM.
Launched share cards feature on 2026-01-16.
Participated in a live discussion or interview with Delpho Labs covering Prism pass and the exchange.
Achieved LP APRs of 348% for HYPE/USDT, 4.2% for HYPE/kHYPE, 43% for USDH/USDT0, and 2490% for KNTQ/HYPE pairs.
$HAR liquidity pools launch on the platform with added incentives and partner points following the Harmonix TGE on the 18th.
Partnership with Steer confirmed, with experienced LPs, funds, and prop traders utilizing Steer's technology on the platform.
Today is voting day with a 23UTC deadline for veNEST voting power allocation.
Achieves first $10 million TVL milestone and surpasses Ramses protocol.
40% of genesis veNEST was airdropped to The HYPE Engine to accumulate HYPE tokens through HyperEVM economic activity.
Operates in Epoch 0 soft liquidity launch without LP rewards; NEST rewards stream to LPs in Epoch 1 and Epoch 0 fees distribute to veNEST voters.
Announces gift for veFNX holders from Fenix Finance protocol.
TGE launches today on HyperEVM platform.
Completes three audits and announces imminent launch with Native Markets USDH partnership, offering largest NEST rewards to early LPs and additional benefits for HYPE Engine Vault depositors.
Launched HYPE Engine Vault, offering 423% APR in HYPE tokens and 70+% APR for voting rewards via NEST/veNEST locking for automated voting, compounding rewards into veNEST and distributing MEGAHYPE. Distributes $174,000 in HYPE rewards to lockers, increasing daily.
Partners with nativemarkets to integrate USDH as native stablecoin, with trading fees accumulating HYPE for treasury and voters receiving $MEGAHYPE token with leveraged HYPE exposure.
Announces community round for token sale participation.
Implements ve(3,3) mechanism, distributing 100% of protocol revenues to voters locking NEST tokens weekly, and includes treasury token MEGAHYPE and perp listing capabilities.