Ask about HyperLend · freeTotal Value Locked$324.25m
TVL by Chain
Hyperliquid L1$324.25m
Key Metrics
Fees 30d$1.07m
Fees 30d by chain
Hyperliquid L1$1.07m
Fees 7d$91,812
Hyperliquid L1$91,812
Fees 24h$14,529
Hyperliquid L1$14,529
Cumulative Fees$13.82m
Hyperliquid L1$13.82m
Revenue 30d$182,289
Revenue 30d by chain
Hyperliquid L1$182,289
Revenue 7d$12,109
Hyperliquid L1$12,109
Revenue 24h$1,876
Hyperliquid L1$1,876
Cumulative Revenue$2.22m
Hyperliquid L1$2.22m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Hyperliquid L1$0
Holders Revenue 7d$0
Hyperliquid L1$0
Holders Revenue 24h$0
Hyperliquid L1$0
Cumulative Holders Revenue$0
Hyperliquid L1$0
Collateral Liquidated 30d$273,485
Collateral Liquidated 30d by chain
Hyperliquid L1$273,485
Collateral Liquidated 7d$192.66
Hyperliquid L1$192.66
Collateral Liquidated 24h$182
Hyperliquid L1$182
Cumulative Collateral Liquidated$14.12m
Hyperliquid L1$14.12m
Market Cap$3.74m
$HPL Price$0.0091
Fully Diluted Valuation$9.15m
$HPL Volume 24h$4,406
CEX Volume$0
DEX Volume$4,407(100.01% of total)
Staked$1.07m(28.73% of mcap)
Active Loans$170.04m
Total Raised$1.7m
Jan 19, 2026$1.7mRound: Investors: RockawayX, No Limit Holdings, Duplicate Capital, Vistula Capital, Dewhales Capital, Nucleus
Protocol Information
HyperLend is a high-performance lending protocol on Hyperliquid EVM, built for capital efficiency. It offers real-time leverage, dynamic rates, and deep liquidity
- HyperLend PooledLending
- HyperLend IsolatedLending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Collateral Liquidated: USD value of collateral seized during protocol liquidations
Yields
Pools Tracked11
Average Supply APY1.86%
User Activity
Active Addresses (24h)462
Transactions (24h)1,987
Competitors
HyperLend history
TVL is the default DefiLlama definition, which excludes Active Loans and Staking. Daily values are UTC snapshots from Mar 22, 2025 to Oct 17, 2026.
All-time high TVL: $673.63m on Sep 12, 2025. All-time low TVL: $15,504 on Mar 23, 2025.
Daily TVL, Sep 18, 2026 to Oct 17, 2026
| Date | TVL |
|---|---|
| Sep 18, 2026 | $490.07m |
| Sep 19, 2026 | $532.41m |
| Sep 20, 2026 | $521.61m |
| Sep 21, 2026 | $464.98m |
| Sep 22, 2026 | $446.19m |
| Sep 23, 2026 | $453.68m |
| Sep 24, 2026 | $437.59m |
| Sep 25, 2026 | $433.51m |
| Sep 26, 2026 | $431.74m |
| Sep 27, 2026 | $433.55m |
| Sep 28, 2026 | $428.72m |
| Sep 29, 2026 | $398.22m |
| Sep 30, 2026 | $397.79m |
| Oct 1, 2026 | $415m |
| Oct 2, 2026 | $403.21m |
| Oct 3, 2026 | $383.5m |
| Oct 4, 2026 | $385.87m |
| Oct 5, 2026 | $392.61m |
| Oct 6, 2026 | $410.4m |
| Oct 7, 2026 | $403.53m |
| Oct 8, 2026 | $383.53m |
| Oct 9, 2026 | $360.14m |
| Oct 10, 2026 | $353.65m |
| Oct 11, 2026 | $354.11m |
| Oct 12, 2026 | $358.86m |
| Oct 13, 2026 | $327.55m |
| Oct 14, 2026 | $340.3m |
| Oct 15, 2026 | $334.77m |
| Oct 16, 2026 | $335.28m |
| Oct 17, 2026 | $327.35m |
TVL at each month end, Mar 2025 to Oct 2026
| Date | TVL |
|---|---|
| Mar 31, 2025 | $6.76m |
| Apr 30, 2025 | $93.92m |
| May 31, 2025 | $270.87m |
| Jun 30, 2025 | $342.69m |
| Jul 31, 2025 | $428.96m |
| Aug 31, 2025 | $511.76m |
| Sep 30, 2025 | $532.34m |
| Oct 31, 2025 | $549.91m |
| Nov 30, 2025 | $377.63m |
| Dec 31, 2025 | $295.33m |
| Jan 31, 2026 | $340.34m |
| Feb 28, 2026 | $319m |
| Mar 31, 2026 | $337.29m |
| Apr 30, 2026 | $348.18m |
| May 31, 2026 | $524.81m |
| Jun 30, 2026 | $438.47m |
| Jul 31, 2026 | $407.94m |
| Aug 31, 2026 | $535.43m |
| Sep 30, 2026 | $397.79m |
| Oct 17, 2026 (latest) | $327.35m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2025 | $151 | $32 | $0 |
| Apr 2025 | $11,445 | $2,288 | $0 |
| May 2025 | $63,684 | $12,723 | $0 |
| Jun 2025 | $125,665 | $25,131 | $0 |
| Jul 2025 | $733,064 | $142,523 | $0 |
| Aug 2025 | $1.38m | $274,512 | $0 |
| Sep 2025 | $1.72m | $335,843 | $0 |
| Oct 2025 | $1.69m | $256,646 | $0 |
| Nov 2025 | $643,680 | $106,788 | $0 |
| Dec 2025 | $808,750 | $121,178 | $0 |
| Jan 2026 | $462,581 | $71,481 | $0 |
| Feb 2026 | $459,796 | $67,093 | $0 |
| Mar 2026 | $477,878 | $69,214 | $0 |
| Apr 2026 | $542,752 | $82,789 | $0 |
| May 2026 | $688,725 | $100,901 | $0 |
| Jun 2026 | $739,963 | $100,716 | $0 |
| Jul 2026 | $868,846 | $104,868 | $0 |
| Aug 2026 | $911,162 | $111,766 | $0 |
| Sep 2026 | $1.23m | $199,627 | $0 |
| Oct 2026 (to date) | $262,529 | $36,009 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperlend
Frequently asked questions
What is HyperLend's TVL?
As of Oct 17, 2026, HyperLend has $324.25m in total value locked. TVL has decreased 29.2% over the past 30 days.
What chains does HyperLend operate on?
HyperLend operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has HyperLend generated in fees and revenue?
Over the past 30 days, HyperLend generated $1.07m in fees. Of that, $182,289 was protocol revenue. Based on the trailing year, the annualized rate is $8.44m in fees and $1.24m in revenue.
What is the HPL token price and valuation?
HPL is currently trading at $0.0091. Its circulating market capitalization is $3.74m, ranking it #2,247. Its fully diluted valuation is $9.15m. Supply currently stands at 408.66m circulating, 1b total supply, 1b maximum supply.
How has HPL performed recently?
HPL is down 12.6% over the past 7 days and down 12.7% over the past 30 days. Its all-time high is $0.024, reached on Aug 23, 2026. The token is currently 61.2% below that level.
How does HyperLend's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, HyperLend ranks #13 by TVL. The category holds $51.531b across 516 protocols, and HyperLend accounts for 0.6% of that total. Other leading protocols include Morpho Blue, Euler V2, TermMax, HypurrFi Pooled, Hyperbeat USD, Teller, Hyperdrive HL Lending, HypurrFi Isolated, Timeswap V2, and Arkis.
How much has been borrowed through HyperLend?
As of Oct 17, 2026, HyperLend has $170.04m in active loans.