Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.524b

TVL by Chain

Arbitrum$3.705b

Hyperliquid L1$1.818b

Key Metrics

Fees (Annualized)$747.97m
Fees 30d$61.31m

Hyperliquid L1$61.31m

Fees 7d$15.67m

Hyperliquid L1$15.67m

Fees 24h$2.54m

Hyperliquid L1$2.54m

Cumulative Fees$1.303b

Hyperliquid L1$1.303b

Revenue (Annualized)$670.64m
Revenue 30d$54.97m

Hyperliquid L1$54.97m

Revenue 7d$14.07m

Hyperliquid L1$14.07m

Revenue 24h$2.29m

Hyperliquid L1$2.29m

Cumulative Revenue$1.18b

Hyperliquid L1$1.18b

Holders Revenue (Annualized)$670.64m
Holders Revenue 30d$54.97m

Hyperliquid L1$54.97m

Holders Revenue 7d$14.07m

Hyperliquid L1$14.07m

Holders Revenue 24h$2.29m

Hyperliquid L1$2.29m

Cumulative Holders Revenue$1.18b

Hyperliquid L1$1.18b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$670.64m

Earnings 30d$54.97m

Earnings 7d$14.07m

Earnings 24h$2.29m

Cumulative Earnings$1.18b

DEX Volume 30d$4.387b
DEX Volume 30d by chain

Hyperliquid L1$4.387b

DEX Volume 7d$1.365b

Hyperliquid L1$1.365b

DEX Volume 24h$164.68m

Hyperliquid L1$164.68m

Cumulative DEX Volume$151.523b

Hyperliquid L1$151.523b

Perp Volume 30d$188.118b
Perp Volume 30d by chain

Hyperliquid L1$188.118b

Perp Volume 7d$44.705b

Hyperliquid L1$44.705b

Perp Volume 24h$7.476b

Hyperliquid L1$7.476b

Cumulative Perp Volume$4.526t

Hyperliquid L1$4.526t

Open Interest$9.536b

Market Cap$13.788b

$HYPE Price$61.99

All Time High$64.44

All Time Low$3.81

Fully Diluted Valuation$59.215b

Outstanding FDV$23.968b

$HYPE Volume 24h$1.064b

CEX Volume$419.24m

DEX Volume$698.87m(65.67% of total)

Protocol Information

Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading. Beyond its flagship decentralized exchange (DEX), the ecosystem supports borrowing, lending, RWAs, and a full-fledged EVM.

CategoryBridge
WebsiteGitHubTwitter

Methodology

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

Fees:

Hyperliquid HLP - 1% of perp and spot trading revenue (excluding builders and unit revenue) share for HLP.View code on GitHubHyperliquid Perps - Include perps trading fees on crypto and HIP-3 deployed markets + builders fees, excluding all spot fees.View code on GitHubHyperliquid Spot Orderbook - Include spot trading fees and unit protocol fees, excluding perps fees.View code on GitHub

Revenue:

Hyperliquid HLP - No revenue.View code on GitHubHyperliquid Perps - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.View code on GitHubHyperliquid Spot Orderbook - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees.View code on GitHub
Holders Revenue: Fees going to governance token holdersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users