diff --git a/.changelog/unreleased/9997-referral-chart-hourly-labels.md b/.changelog/unreleased/9997-referral-chart-hourly-labels.md
new file mode 100644
index 00000000..e6dd9bb1
--- /dev/null
+++ b/.changelog/unreleased/9997-referral-chart-hourly-labels.md
@@ -0,0 +1,8 @@
+---
+type: fixed
+area: referrals
+pr: 9997
+breaking: false
+---
+
+Referral charts now display distinct hourly labels for the 24-hour view without duplicate chart keys or repeated dates.
diff --git a/apps/web/src/features/referrals/components/shared/stat-chart-card.test.tsx b/apps/web/src/features/referrals/components/shared/stat-chart-card.test.tsx
index 4fb7d007..339d5432 100644
--- a/apps/web/src/features/referrals/components/shared/stat-chart-card.test.tsx
+++ b/apps/web/src/features/referrals/components/shared/stat-chart-card.test.tsx
@@ -1,9 +1,39 @@
-import { afterEach, describe, expect, it } from "vitest"
+import { afterEach, describe, expect, it, vi } from "vitest"
 import { cleanup, render, screen } from "@testing-library/react"
 import { StatChartCard } from "./stat-chart-card"
 
 describe("StatChartCard", () => {
-  afterEach(cleanup)
+  afterEach(() => {
+    cleanup()
+    vi.useRealTimers()
+  })
+
+  it.each(["24h", "7d", "30d", "90d", "total"] as const)(
+    "renders five distinct labels for the %s period",
+    (period) => {
+      vi.useFakeTimers()
+      vi.setSystemTime(new Date("2026-10-15T12:30:00"))
+
+      const { container } = render(
+        <StatChartCard title="Volume" tooltip="test" value={0} period={period} />,
+      )
+      const labels = Array.from(container.querySelectorAll('text[y="100"]')).map(
+        (element) => element.textContent,
+      )
+
+      expect(labels).toHaveLength(5)
+      expect(new Set(labels).size).toBe(labels.length)
+      if (period === "24h") {
+        expect(labels).toEqual(
+          expect.arrayContaining([expect.stringMatching(/^\d{2}:\d{2}$/)]),
+        )
+        expect(labels.every((label) => /^\d{2}:\d{2}$/.test(label))).toBe(true)
+      } else {
+        expect(labels.every((label) => /^\d{2}\/\d{2}$/.test(label))).toBe(true)
+      }
+    },
+  )
+
   it("renders the title", () => {
     render(
       <StatChartCard title="Trading Volume" tooltip="Total volume" value={0} period="total" />,
diff --git a/apps/web/src/features/referrals/components/shared/stat-chart-card.tsx b/apps/web/src/features/referrals/components/shared/stat-chart-card.tsx
index 490f42b1..bfbb49e6 100644
--- a/apps/web/src/features/referrals/components/shared/stat-chart-card.tsx
+++ b/apps/web/src/features/referrals/components/shared/stat-chart-card.tsx
@@ -5,8 +5,11 @@ import { formatUsd } from "@/shared/lib/format"
 
 function xAxisLabels(period: TimePeriod): Array<string> {
   const now = new Date()
+  const pad = (value: number) => String(value).padStart(2, "0")
   const fmt = (d: Date) =>
-    `${String(d.getMonth() + 1).padStart(2, "0")}/${String(d.getDate()).padStart(2, "0")}`
+    period === "24h"
+      ? `${pad(d.getHours())}:${pad(d.getMinutes())}`
+      : `${pad(d.getMonth() + 1)}/${pad(d.getDate())}`
   const msAgo = (ms: number) => new Date(now.getTime() - ms)
   const day = 86_400_000
 
@@ -18,7 +21,9 @@ function xAxisLabels(period: TimePeriod): Array<string> {
     total: 365 * day,
   }
 
-  const total = ranges[period]
+  // Exact 24-hour endpoints share a clock time. Exclude the first minute
+  // so five HH:mm labels are meaningful and distinct without adding a date.
+  const total = period === "24h" ? ranges[period] - 60_000 : ranges[period]
   return Array.from({ length: 5 }, (_, i) => fmt(msAgo(total - (i / 4) * total)))
 }
 
@@ -118,7 +123,7 @@ export function StatChartCard({ title, tooltip, value, period, accent = "blue" }
             const x = 28 + (i / (labels.length - 1)) * 368
             return (
               <text
-                key={label}
+                key={i}
                 x={x}
                 y={100}
                 textAnchor="middle"