Ask about HyperLend
Logo of HyperLendHyperLend(HPL)
Total Value Locked$423.17m

TVL by Chain

Hyperliquid L1$423.17m

Key Metrics

Fees (Annualized)$10.57m
Fees 30d$794,492

Hyperliquid L1$794,492

Fees 7d$197,371

Hyperliquid L1$197,371

Fees 24h$25,754

Hyperliquid L1$25,754

Cumulative Fees$11.2m

Hyperliquid L1$11.2m

Revenue (Annualized)$1.73m
Revenue 30d$98,660

Hyperliquid L1$98,660

Revenue 7d$23,340

Hyperliquid L1$23,340

Revenue 24h$3,054

Hyperliquid L1$3,054

Cumulative Revenue$1.85m

Hyperliquid L1$1.85m

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$168

Hyperliquid L1$168

Collateral Liquidated 24h$8

Hyperliquid L1$8

Cumulative Collateral Liquidated$13.58m

Hyperliquid L1$13.58m

Market Cap$5.17m

$HPL Price$0.013

All Time High$0.028

All Time Low$0.0081

View $HPL token page

$12.95m

$HPL Volume 24h$32,786

CEX Volume$0

DEX Volume$33,866.06(103.29% of total)

Staked$1.46m(28.19% of mcap)

Active Loans$252.57m

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 APY6.4%

Competitors

Morpho Blue ($7.447b)HyperLend Pooled ($422.83m)Euler V2 ($332.03m)TermMax ($34.48m)HypurrFi Pooled ($7.17m)Hyperbeat USD ($1.76m)Teller ($949,133.62)Hyperdrive HL Lending ($871,255.88)HypurrFi Isolated ($587,212.35)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 $423.17m in total value locked. TVL has decreased 0.1% 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 $794,492 in fees. Of that, $98,660 was protocol revenue. Based on the trailing year, the annualized rate is $10.57m in fees and $1.73m in revenue.

What is the HPL token price and valuation?

HPL is currently trading at $0.013. Its circulating market capitalization is $5.17m, ranking it #1,864. Its fully diluted valuation is $12.95m. Supply currently stands at 398.88m circulating, 1b total supply, 1b maximum supply.

How has HPL performed recently?

HPL is down 6.3% over the past 7 days and up 7.3% over the past 30 days. Its all-time high is $0.028, reached on Mar 18, 2026. The token is currently 53% 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 $39.917b across 464 protocols, and HyperLend accounts for 1.1% of that total. Other leading protocols include Aave, Morpho, and Spark.

How much has been borrowed through HyperLend?

HyperLend currently has $252.57m in active loans.