Key Metrics
Fees (Annualized)$952m
Fees 30d$64.83m
Hyperliquid L1$64.83m
Fees 7d$21.22m
Hyperliquid L1$21.22m
Fees 24h$1.99m
Hyperliquid L1$1.99m
Cumulative Fees$1.522b
Hyperliquid L1$1.522b
Revenue (Annualized)$715.1m
Revenue 30d$49.55m
Hyperliquid L1$49.55m
Revenue 7d$16.77m
Hyperliquid L1$16.77m
Revenue 24h$1.58m
Hyperliquid L1$1.58m
Cumulative Revenue$1.23b
Hyperliquid L1$1.23b
Holders Revenue (Annualized)$715.1m
Holders Revenue 30d$49.55m
Hyperliquid L1$49.55m
Holders Revenue 7d$16.77m
Hyperliquid L1$16.77m
Holders Revenue 24h$1.58m
Hyperliquid L1$1.58m
Cumulative Holders Revenue$1.23b
Hyperliquid L1$1.23b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$715.1m
$49.55m
$16.77m
$1.58m
$1.23b
DEX Volume 30d$3.716b
DEX Volume 30d by chain
Hyperliquid L1$3.716b
DEX Volume 7d$1.454b
Hyperliquid L1$1.454b
DEX Volume 24h$124.04m
Hyperliquid L1$124.04m
Cumulative DEX Volume$164.147b
Hyperliquid L1$164.147b
Perp Volume 30d$204.947b
Perp Volume 30d by chain
Hyperliquid L1$204.947b
Perp Volume 7d$60.441b
Hyperliquid L1$60.441b
Perp Volume 24h$4.086b
Hyperliquid L1$4.086b
Cumulative Perp Volume$5.195t
Hyperliquid L1$5.195t
Liquidation Volume 30d$2.246b
Liquidation Volume 30d by chain
Hyperliquid L1$2.246b
Liquidation Volume 7d$350.34m
Hyperliquid L1$350.34m
Liquidation Volume 24h$55.07m
Hyperliquid L1$55.07m
Cumulative Liquidation Volume$32.604b
Hyperliquid L1$32.604b
$13.545b
Market Cap$18.237b
$HYPE Price$82.04
$78.321b
$31.836b
$HYPE Volume 24h$1.009b
CEX Volume$268.82m
DEX Volume$845.4m(83.79% 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.
- Hyperliquid BridgeBridge
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
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
Liquidation Volume: USD value of positions liquidated by the protocol
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
Frequently Asked Questions
What is Hyperliquid's TVL?
Hyperliquid currently has $6.699b in total value locked. TVL has increased 10.5% 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 95.2%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $64.83m in fees. Of that, $49.55m was protocol revenue. Based on the trailing year, the annualized rate is $952m in fees and $715.1m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $82.04. Its circulating market capitalization is $18.237b, ranking it #11. Its fully diluted valuation is $78.321b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 3.6% over the past 7 days and up 57.1% over the past 30 days. Its all-time high is $86.71, reached on Aug 27, 2026. The token is currently 5.4% 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 $3.716b in DEX volume over the past 30 days.
