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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.063b

TVL by Chain

Hyperliquid L1$5.638b

Arbitrum$425.31m

Key Metrics

Fees (Annualized)$1.022b
Fees 30d$49.42m

Hyperliquid L1$49.42m

Fees 7d$12.11m

Hyperliquid L1$12.11m

Fees 24h$1.02m

Hyperliquid L1$1.02m

Cumulative Fees$1.459b

Hyperliquid L1$1.459b

Revenue (Annualized)$771.43m
Revenue 30d$34.47m

Hyperliquid L1$34.47m

Revenue 7d$8.31m

Hyperliquid L1$8.31m

Revenue 24h$752,594

Hyperliquid L1$752,594

Cumulative Revenue$1.182b

Hyperliquid L1$1.182b

Holders Revenue (Annualized)$771.43m
Holders Revenue 30d$34.47m

Hyperliquid L1$34.47m

Holders Revenue 7d$8.31m

Hyperliquid L1$8.31m

Holders Revenue 24h$752,594

Hyperliquid L1$752,594

Cumulative Holders Revenue$1.182b

Hyperliquid L1$1.182b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$771.43m

$34.47m

$8.31m

$752,594

$1.182b

DEX Volume 30d$2.404b
DEX Volume 30d by chain

Hyperliquid L1$2.404b

DEX Volume 7d$553.21m

Hyperliquid L1$553.21m

DEX Volume 24h$58.17m

Hyperliquid L1$58.17m

Cumulative DEX Volume$160.534b

Hyperliquid L1$160.534b

Perp Volume 30d$190.91b
Perp Volume 30d by chain

Hyperliquid L1$190.91b

Perp Volume 7d$55.888b

Hyperliquid L1$55.888b

Perp Volume 24h$3.48b

Hyperliquid L1$3.48b

Cumulative Perp Volume$4.995t

Hyperliquid L1$4.995t

Liquidation Volume 30d$1.25b
Liquidation Volume 30d by chain

Hyperliquid L1$1.25b

Liquidation Volume 7d$455.43m

Hyperliquid L1$455.43m

Liquidation Volume 24h$21.64m

Hyperliquid L1$21.64m

Cumulative Liquidation Volume$30.407b

Hyperliquid L1$30.407b

$10.177b

Market Cap$11.653b

$HYPE Price$52.38

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$50.044b

$20.304b

$HYPE Volume 24h$251.01m

CEX Volume$93.47m

DEX Volume$155.34m(61.89% 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

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

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 $6.063b in total value locked. TVL has increased 3.8% 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%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $49.42m in fees. Of that, $34.47m was protocol revenue. Based on the trailing year, the annualized rate is $1.022b in fees and $771.43m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $52.38. Its circulating market capitalization is $11.653b, ranking it #11. Its fully diluted valuation is $50.044b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 12.1% over the past 7 days and down 26% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 31.7% 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 $2.404b in DEX volume over the past 30 days.