Key Metrics
Fees (Annualized)$1.032b
Fees 30d$53.77m
Hyperliquid L1$53.77m
Fees 7d$11.98m
Hyperliquid L1$11.98m
Fees 24h$2.67m
Hyperliquid L1$2.67m
Cumulative Fees$1.454b
Hyperliquid L1$1.454b
Revenue (Annualized)$780.93m
Revenue 30d$37.46m
Hyperliquid L1$37.46m
Revenue 7d$7.97m
Hyperliquid L1$7.97m
Revenue 24h$1.71m
Hyperliquid L1$1.71m
Cumulative Revenue$1.178b
Hyperliquid L1$1.178b
Holders Revenue (Annualized)$780.93m
Holders Revenue 30d$37.46m
Hyperliquid L1$37.46m
Holders Revenue 7d$7.97m
Hyperliquid L1$7.97m
Holders Revenue 24h$1.71m
Hyperliquid L1$1.71m
Cumulative Holders Revenue$1.178b
Hyperliquid L1$1.178b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$780.93m
$37.46m
$7.97m
$1.71m
$1.178b
DEX Volume 30d$2.606b
DEX Volume 30d by chain
Hyperliquid L1$2.606b
DEX Volume 7d$489.93m
Hyperliquid L1$489.93m
DEX Volume 24h$85.54m
Hyperliquid L1$85.54m
Cumulative DEX Volume$160.258b
Hyperliquid L1$160.258b
Perp Volume 30d$196.308b
Perp Volume 30d by chain
Hyperliquid L1$196.308b
Perp Volume 7d$50.324b
Hyperliquid L1$50.324b
Perp Volume 24h$13.133b
Hyperliquid L1$13.133b
Cumulative Perp Volume$4.971t
Hyperliquid L1$4.971t
Liquidation Volume 30d$1.397b
Liquidation Volume 30d by chain
Hyperliquid L1$1.397b
Liquidation Volume 7d$445.19m
Hyperliquid L1$445.19m
Liquidation Volume 24h$79.27m
Hyperliquid L1$79.27m
Cumulative Liquidation Volume$30.271b
Hyperliquid L1$30.271b
$10.9b
Market Cap$11.904b
$HYPE Price$53.51
$51.121b
$20.742b
$HYPE Volume 24h$360.19m
CEX Volume$128.96m
DEX Volume$229.83m(63.81% of total)
$HYPE Liquidity$363,675
Raydium AMM$363,675
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.
Category:Bridge
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
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
Competitors
Frequently Asked Questions
What is Hyperliquid?
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.
What is Hyperliquid's TVL?
Hyperliquid currently has $6.125b in total value locked. TVL has increased 7% over the past 30 days.
What chains does Hyperliquid operate on?
Hyperliquid operates on 2 chains: Hyperliquid L1 and Arbitrum. Hyperliquid L1 holds the largest share at 93.2%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $53.77m in fees. Of that, $37.46m was protocol revenue. Based on the trailing year, the annualized rate is $1.032b in fees and $780.93m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $53.51. Its circulating market capitalization is $11.904b, ranking it #11. Its fully diluted valuation is $51.121b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 9.2% over the past 7 days and down 18.5% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 30.2% below that level.
Which protocols are included in Hyperliquid?
Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid HLP, Hyperliquid Spot Orderbook, and Hyperliquid Perps.
How much trading volume does Hyperliquid process?
Hyperliquid processed $2.606b in DEX volume over the past 30 days.

