Ask about HyperLend

Logo of HyperLendHyperLend(HPL)

Total Value Locked$429.26m

TVL by Chain

Hyperliquid L1$429.26m

Key Metrics

Fees 30d$1.21m
Fees 30d by chain

Hyperliquid L1$1.21m

Fees 7d$612,556

Hyperliquid L1$612,556

Fees 24h$51,351

Hyperliquid L1$51,351

Cumulative Fees$13.47m

Hyperliquid L1$13.47m

Revenue 30d$191,127
Revenue 30d by chain

Hyperliquid L1$191,127

Revenue 7d$115,147

Hyperliquid L1$115,147

Revenue 24h$9,447

Hyperliquid L1$9,447

Cumulative Revenue$2.17m

Hyperliquid L1$2.17m

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$72,484
Collateral Liquidated 30d by chain

Hyperliquid L1$72,484

Collateral Liquidated 7d$3,926

Hyperliquid L1$3,926

Collateral Liquidated 24h$0

Hyperliquid L1$0

Cumulative Collateral Liquidated$13.92m

Hyperliquid L1$13.92m

Market Cap$5.45m

$HPL Price$0.014

All Time High$0.024

All Time Low$0.0081

View $HPL token page

$13.84m

$HPL Volume 24h$54,024

CEX Volume$0

DEX Volume$54,702(101.25% of total)

Staked$1.58m(29.05% of mcap)

Active Loans$252.67m

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

WebsiteGitHubX/Twitter
Category:Lending
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

HyperLend Pooled - Interest paid by borrowersView code on GitHubHyperLend Isolated - Includes Lenders interest, liquidation fee and 10% interest feeView code on GitHub

Revenue:

HyperLend Pooled - Percentage of interest going to treasuryView code on GitHubHyperLend Isolated - 10% interest fee is considered as revenueView code on GitHub
Holders Revenue: View code on GitHub

Collateral Liquidated: USD value of collateral seized during protocol liquidations

Yields

Pools Tracked12

Average Supply APY2.27%

User Activity

Active Addresses (24h)310

Transactions (24h)1,784

Competitors

Morpho Blue ($11.069b)Euler V2 ($354.88m)TermMax ($27.08m)HypurrFi Pooled ($5.65m)Hyperbeat USD ($1.74m)Teller ($1.26m)Hyperdrive HL Lending ($845,807)Arkis ($636,743)HypurrFi Isolated ($623,797)Sentiment ($517,964)

Frequently Asked Questions

What is HyperLend's TVL?

HyperLend currently has $429.26m in total value locked. TVL has decreased 28.6% 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 $1.21m in fees. Of that, $191,127 was protocol revenue. Based on the trailing year, the annualized rate is $9.53m in fees and $1.4m in revenue.

What is the HPL token price and valuation?

HPL is currently trading at $0.014. Its circulating market capitalization is $5.44m, ranking it #2,046. Its fully diluted valuation is $13.83m. Supply currently stands at 393.71m circulating, 1b total supply, 1b maximum supply.

How has HPL performed recently?

HPL is up 27.2% over the past 7 days and up 0.6% over the past 30 days. Its all-time high is $0.024, reached on Aug 23, 2026. The token is currently 41.3% 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 $55.01b across 519 protocols, and HyperLend accounts for 0.8% of that total. Other leading protocols include Morpho Blue, Euler V2, TermMax, HypurrFi Pooled, Hyperbeat USD, Teller, Hyperdrive HL Lending, Arkis, HypurrFi Isolated, and Sentiment.

How much has been borrowed through HyperLend?

HyperLend currently has $252.67m in active loans.