Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.944b

TVL by Chain

Hyperliquid L1$4.785b

Arbitrum$1.159b

Key Metrics

Fees (Annualized)$1.06b
Fees 30d$74.64m

Hyperliquid L1$74.64m

Fees 7d$25.83m

Hyperliquid L1$25.83m

Fees 24h$2.49m

Hyperliquid L1$2.49m

Cumulative Fees$1.341b

Hyperliquid L1$1.341b

Revenue (Annualized)$882.63m
Revenue 30d$59.74m

Hyperliquid L1$59.74m

Revenue 7d$21.17m

Hyperliquid L1$21.17m

Revenue 24h$2.03m

Hyperliquid L1$2.03m

Cumulative Revenue$1.148b

Hyperliquid L1$1.148b

Holders Revenue (Annualized)$882.63m
Holders Revenue 30d$59.74m

Hyperliquid L1$59.74m

Holders Revenue 7d$21.17m

Hyperliquid L1$21.17m

Holders Revenue 24h$2.03m

Hyperliquid L1$2.03m

Cumulative Holders Revenue$1.148b

Hyperliquid L1$1.148b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$882.63m

Earnings 30d$59.74m

Earnings 7d$21.17m

Earnings 24h$2.03m

Cumulative Earnings$1.148b

DEX Volume 30d$6.371b
DEX Volume 30d by chain

Hyperliquid L1$6.371b

DEX Volume 7d$2.176b

Hyperliquid L1$2.176b

DEX Volume 24h$214.55m

Hyperliquid L1$214.55m

Cumulative DEX Volume$154.611b

Hyperliquid L1$154.611b

Perp Volume 30d$227.445b
Perp Volume 30d by chain

Hyperliquid L1$227.445b

Perp Volume 7d$82.877b

Hyperliquid L1$82.877b

Perp Volume 24h$9.609b

Hyperliquid L1$9.609b

Cumulative Perp Volume$4.633t

Hyperliquid L1$4.633t

Open Interest$8.788b

Market Cap$14.082b

$HYPE Price$63.35

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$60.478b

Outstanding FDV$24.527b

$HYPE Volume 24h$953.56m

CEX Volume$336.22m

DEX Volume$657.93m(69% 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