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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.111b

TVL by Chain

Hyperliquid L1$5.716b

Arbitrum$395.38m

Key Metrics

Fees (Annualized)$1.041b
Fees 30d$56.59m

Hyperliquid L1$56.59m

Fees 7d$10.95m

Hyperliquid L1$10.95m

Fees 24h$1.66m

Hyperliquid L1$1.66m

Cumulative Fees$1.443b

Hyperliquid L1$1.443b

Revenue (Annualized)$792.15m
Revenue 30d$40.05m

Hyperliquid L1$40.05m

Revenue 7d$7.65m

Hyperliquid L1$7.65m

Revenue 24h$1.06m

Hyperliquid L1$1.06m

Cumulative Revenue$1.171b

Hyperliquid L1$1.171b

Holders Revenue (Annualized)$792.15m
Holders Revenue 30d$40.05m

Hyperliquid L1$40.05m

Holders Revenue 7d$7.65m

Hyperliquid L1$7.65m

Holders Revenue 24h$1.06m

Hyperliquid L1$1.06m

Cumulative Holders Revenue$1.171b

Hyperliquid L1$1.171b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$792.15m

$40.05m

$7.65m

$1.06m

$1.171b

DEX Volume 30d$2.967b
DEX Volume 30d by chain

Hyperliquid L1$2.967b

DEX Volume 7d$525.17m

Hyperliquid L1$525.17m

DEX Volume 24h$73.2m

Hyperliquid L1$73.2m

Cumulative DEX Volume$159.841b

Hyperliquid L1$159.841b

Perp Volume 30d$192.022b
Perp Volume 30d by chain

Hyperliquid L1$192.022b

Perp Volume 7d$42.374b

Hyperliquid L1$42.374b

Perp Volume 24h$7.362b

Hyperliquid L1$7.362b

Cumulative Perp Volume$4.928t

Hyperliquid L1$4.928t

Liquidation Volume 30d$1.425b
Liquidation Volume 30d by chain

Hyperliquid L1$1.425b

Liquidation Volume 7d$184.76m

Hyperliquid L1$184.76m

Liquidation Volume 24h$27.11m

Hyperliquid L1$27.11m

Cumulative Liquidation Volume$29.853b

Hyperliquid L1$29.853b

$11.497b

Market Cap$13.01b

$HYPE Price$58.49

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$55.87b

$22.672b

$HYPE Volume 24h$371.75m

CEX Volume$136.52m

DEX Volume$220.75m(59.38% 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

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 $6.111b in total value locked. TVL has increased 3% 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 93.5%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $56.59m in fees. Of that, $40.05m was protocol revenue. Based on the trailing year, the annualized rate is $1.041b in fees and $792.15m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $58.43. Its circulating market capitalization is $12.997b, ranking it #11. Its fully diluted valuation is $55.818b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 2.2% over the past 7 days and down 5.6% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 23.8% 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 $2.967b in DEX volume over the past 30 days.