Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.783b

TVL by Chain

Hyperliquid L1$2.927b

Arbitrum$2.856b

Key Metrics

Fees (Annualized)$772.29m
Fees 30d$63.3m

Hyperliquid L1$63.3m

Fees 7d$16.13m

Hyperliquid L1$16.13m

Fees 24h$3.67m

Hyperliquid L1$3.67m

Cumulative Fees$1.316b

Hyperliquid L1$1.316b

Revenue (Annualized)$607.89m
Revenue 30d$49.83m

Hyperliquid L1$49.83m

Revenue 7d$12.78m

Hyperliquid L1$12.78m

Revenue 24h$2.9m

Hyperliquid L1$2.9m

Cumulative Revenue$1.127b

Hyperliquid L1$1.127b

Holders Revenue (Annualized)$607.89m
Holders Revenue 30d$49.83m

Hyperliquid L1$49.83m

Holders Revenue 7d$12.78m

Hyperliquid L1$12.78m

Holders Revenue 24h$2.9m

Hyperliquid L1$2.9m

Cumulative Holders Revenue$1.127b

Hyperliquid L1$1.127b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$607.89m

Earnings 30d$49.83m

Earnings 7d$12.78m

Earnings 24h$2.9m

Cumulative Earnings$1.127b

DEX Volume 30d$4.939b
DEX Volume 30d by chain

Hyperliquid L1$4.939b

DEX Volume 7d$1.455b

Hyperliquid L1$1.455b

DEX Volume 24h$339.13m

Hyperliquid L1$339.13m

Cumulative DEX Volume$152.435b

Hyperliquid L1$152.435b

Perp Volume 30d$190.407b
Perp Volume 30d by chain

Hyperliquid L1$190.407b

Perp Volume 7d$45.925b

Hyperliquid L1$45.925b

Perp Volume 24h$10.317b

Hyperliquid L1$10.317b

Cumulative Perp Volume$4.55t

Hyperliquid L1$4.55t

Open Interest$10.042b

Market Cap$15.446b

$HYPE Price$69.36

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$66.335b

Outstanding FDV$26.817b

$HYPE Volume 24h$1.667b

CEX Volume$556.58m

DEX Volume$1.118b(67.04% 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