Ask about HyperLend
Logo of HyperLendHyperLend(HPL)
Total Value Locked$418.83m

TVL by Chain

Hyperliquid L1$418.83m

Key Metrics

Fees (Annualized)$10.54m
Fees 30d$799,395.95

Hyperliquid L1$799,395.95

Fees 7d$197,405.95

Hyperliquid L1$197,405.95

Fees 24h$24,940.95

Hyperliquid L1$24,940.95

Cumulative Fees$11.25m

Hyperliquid L1$11.25m

Revenue (Annualized)$1.72m
Revenue 30d$98,502.89

Hyperliquid L1$98,502.89

Revenue 7d$23,359.89

Hyperliquid L1$23,359.89

Revenue 24h$2,978.89

Hyperliquid L1$2,978.89

Cumulative Revenue$1.86m

Hyperliquid L1$1.86m

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

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$850
Collateral Liquidated 30d by chain

Hyperliquid L1$850

Collateral Liquidated 7d$169

Hyperliquid L1$169

Collateral Liquidated 24h$0

Hyperliquid L1$0

Cumulative Collateral Liquidated$13.58m

Hyperliquid L1$13.58m

Market Cap$5.11m

$HPL Price$0.013

All Time High$0.028

All Time Low$0.0081

View $HPL token page

$12.81m

$HPL Volume 24h$6,666.05

CEX Volume$0

DEX Volume$6,949.41(104.25% of total)

Staked$1.46m(28.65% of mcap)

Active Loans$252.42m

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

Category:Lending

WebsiteGitHubTwitter

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

Yields

Pools Tracked14

Average Supply APY5.35%

Competitors

Morpho Blue ($7.521b)HyperLend Pooled ($418.48m)Euler V2 ($325.04m)TermMax ($34.51m)HypurrFi Pooled ($7.13m)Hyperbeat USD ($1.81m)Teller ($942,973.3)Hyperdrive HL Lending ($867,159.72)HypurrFi Isolated ($582,544.51)Sentiment ($517,964.16)

Frequently Asked Questions

What is HyperLend?

HyperLend is a high-performance lending protocol on Hyperliquid EVM, built for capital efficiency. It offers real-time leverage, dynamic rates, and deep liquidity

What is HyperLend's TVL?

HyperLend currently has $418.83m in total value locked. TVL has decreased 2.7% 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 $799,395.95 in fees. Of that, $98,502.89 was protocol revenue. Based on the trailing year, the annualized rate is $10.54m in fees and $1.72m in revenue.

What is the HPL token price and valuation?

HPL is currently trading at $0.013. Its circulating market capitalization is $5.11m, ranking it #1,885. Its fully diluted valuation is $12.81m. Supply currently stands at 398.89m circulating, 1b total supply, 1b maximum supply.

How has HPL performed recently?

HPL is down 5.7% over the past 7 days and down 3.8% over the past 30 days. Its all-time high is $0.028, reached on Mar 18, 2026. The token is currently 53.5% below that level.

How does HyperLend's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, HyperLend ranks #12 by TVL. The category holds $40.189b across 464 protocols, and HyperLend accounts for 1% of that total. Other leading protocols include Aave, Morpho, and Spark.

How much has been borrowed through HyperLend?

HyperLend currently has $252.42m in active loans.