Ask about Hyperliquid · freeTotal Value Locked$7.715b
TVL by Chain
Hyperliquid L1$7.593b
Arbitrum$122.17m
Key Metrics
Fees 30d$89.58m
Fees 30d by chain
Hyperliquid L1$89.58m
Fees 7d$19.77m
Hyperliquid L1$19.77m
Fees 24h$2.93m
Hyperliquid L1$2.93m
Cumulative Fees$1.746b
Hyperliquid L1$1.746b
Revenue 30d$68.82m
Revenue 30d by chain
Hyperliquid L1$68.82m
Revenue 7d$15.04m
Hyperliquid L1$15.04m
Revenue 24h$2.19m
Hyperliquid L1$2.19m
Cumulative Revenue$1.41b
Hyperliquid L1$1.41b
Holders Revenue 30d$68.82m
Holders Revenue 30d by chain
Hyperliquid L1$68.82m
Holders Revenue 7d$15.04m
Hyperliquid L1$15.04m
Holders Revenue 24h$2.19m
Hyperliquid L1$2.19m
Cumulative Holders Revenue$1.41b
Hyperliquid L1$1.41b
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$680.41m
Earnings 30d$68.82m
Earnings 7d$15.04m
Earnings 24h$2.19m
Cumulative Earnings$1.41b
DEX Volume 30d$4.439b
DEX Volume 30d by chain
Hyperliquid L1$4.439b
DEX Volume 7d$1.038b
Hyperliquid L1$1.038b
DEX Volume 24h$141.94m
Hyperliquid L1$141.94m
Cumulative DEX Volume$175.279b
Hyperliquid L1$175.279b
DEX Notional Volume 30d$283.12m
DEX Notional Volume 30d by chain
Hyperliquid L1$283.12m
DEX Notional Volume 7d$92.75m
Hyperliquid L1$92.75m
DEX Notional Volume 24h$15.08m
Hyperliquid L1$15.08m
Cumulative DEX Notional Volume$831.7m
Hyperliquid L1$831.7m
Perp Volume 30d$257.043b
Perp Volume 30d by chain
Hyperliquid L1$257.043b
Perp Volume 7d$62.793b
Hyperliquid L1$62.793b
Perp Volume 24h$9.838b
Hyperliquid L1$9.838b
Cumulative Perp Volume$5.749t
Hyperliquid L1$5.749t
Bridge Volume 30d$1.942b
Bridge Volume 30d by chain
Hyperliquid L1$1.108b
Arbitrum$833.42m
Bridge Volume 7d$493.44m
Hyperliquid L1$287.81m
Arbitrum$205.62m
Bridge Volume 24h$62.91m
Hyperliquid L1$32.76m
Arbitrum$30.15m
Liquidation Volume 30d$2.737b
Liquidation Volume 30d by chain
Hyperliquid L1$2.737b
Liquidation Volume 7d$853.71m
Hyperliquid L1$853.71m
Liquidation Volume 24h$52.94m
Hyperliquid L1$52.94m
Cumulative Liquidation Volume$37.412b
Hyperliquid L1$37.412b
Open Interest$6.617b
Market Cap$17.085b
$HYPE Price$71.37
Fully Diluted Valuation$67.906b
Outstanding FDV$27.882b
$HYPE Volume 24h$724.29m
CEX Volume$302.25m
DEX Volume$507.53m(70.07% of total)
Active Loans$434.98m
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 EarnLending
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
- Hyperliquid OutcomesPrediction Market
Will Hyperliquid’s revenue increase this week?
Quotes fetched just now.
Daily revenue, UTC · Revenue rose week over week in 2 of the last 4 weeks
Market details
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
Notional Volume: Notional volume of all trades on protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Bridge Volume: Value of assets sent through the bridge, counted once on the chain they leave from
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
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Yields
Pools Tracked6
Average Supply APY4.87%
Hyperliquid history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 9, 2023 to Nov 12, 2026.
All-time high TVL: $9.069b on Sep 24, 2026. All-time low TVL: $2.8m on Jul 10, 2023.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $8.511b |
| Oct 15, 2026 | $8.421b |
| Oct 16, 2026 | $8.456b |
| Oct 17, 2026 | $8.342b |
| Oct 18, 2026 | $8.321b |
| Oct 19, 2026 | $8.392b |
| Oct 20, 2026 | $8.295b |
| Oct 21, 2026 | $8.347b |
| Oct 22, 2026 | $8.42b |
| Oct 23, 2026 | $8.32b |
| Oct 24, 2026 | $8.3b |
| Oct 25, 2026 | $8.202b |
| Oct 26, 2026 | $8.194b |
| Oct 27, 2026 | $8.167b |
| Oct 28, 2026 | $8.257b |
| Oct 29, 2026 | $8.241b |
| Oct 30, 2026 | $8.383b |
| Oct 31, 2026 | $8.291b |
| Nov 1, 2026 | $8.155b |
| Nov 2, 2026 | $8.153b |
| Nov 3, 2026 | $8.124b |
| Nov 4, 2026 | $8.061b |
| Nov 5, 2026 | $8.189b |
| Nov 6, 2026 | $8.059b |
| Nov 7, 2026 | $8.108b |
| Nov 8, 2026 | $8.062b |
| Nov 9, 2026 | $7.951b |
| Nov 10, 2026 | $7.824b |
| Nov 11, 2026 | $7.735b |
| Nov 12, 2026 | $7.712b |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $2.036b |
| Jan 31, 2025 | $2.417b |
| Feb 28, 2025 | $2.633b |
| Mar 31, 2025 | $2.079b |
| Apr 30, 2025 | $2.308b |
| May 31, 2025 | $3.552b |
| Jun 30, 2025 | $3.71b |
| Jul 31, 2025 | $4.913b |
| Aug 31, 2025 | $5.764b |
| Sep 30, 2025 | $5.839b |
| Oct 31, 2025 | $4.887b |
| Nov 30, 2025 | $4.382b |
| Dec 31, 2025 | $4.149b |
| Jan 31, 2026 | $4.573b |
| Feb 28, 2026 | $4.232b |
| Mar 31, 2026 | $4.899b |
| Apr 30, 2026 | $4.714b |
| May 31, 2026 | $5.561b |
| Jun 30, 2026 | $5.724b |
| Jul 31, 2026 | $6.131b |
| Aug 31, 2026 | $6.723b |
| Sep 30, 2026 | $8.827b |
| Oct 31, 2026 | $8.291b |
| Nov 12, 2026 (latest) | $7.712b |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $57.25m |
| Dec 31, 2024 | $2.036b |
| Dec 31, 2025 | $4.149b |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $11.12m | $10.51m | $10.51m |
| Jan 2025 | $52.17m | $49.13m | $49.13m |
| Feb 2025 | $46.59m | $44.21m | $44.21m |
| Mar 2025 | $40.93m | $38.69m | $38.69m |
| Apr 2025 | $44.24m | $41.66m | $41.66m |
| May 2025 | $72.98m | $68.73m | $68.73m |
| Jun 2025 | $63.14m | $59.46m | $59.46m |
| Jul 2025 | $96.41m | $90.79m | $90.79m |
| Aug 2025 | $144.97m | $113.86m | $113.86m |
| Sep 2025 | $115.28m | $85.2m | $85.2m |
| Oct 2025 | $124.84m | $97.2m | $97.2m |
| Nov 2025 | $101.38m | $77.65m | $77.65m |
| Dec 2025 | $68.75m | $51.21m | $51.21m |
| Jan 2026 | $77.29m | $59.84m | $59.84m |
| Feb 2026 | $70.7m | $54m | $54m |
| Mar 2026 | $69.49m | $51.51m | $51.51m |
| Apr 2026 | $58.67m | $42.36m | $42.36m |
| May 2026 | $62.18m | $46.33m | $46.33m |
| Jun 2026 | $80.98m | $59.96m | $59.96m |
| Jul 2026 | $55.14m | $38.42m | $38.42m |
| Aug 2026 | $77.77m | $61.36m | $61.36m |
| Sep 2026 | $91.33m | $74.19m | $74.19m |
| Oct 2026 | $87.95m | $69.13m | $69.13m |
| Nov 2026 (to date) | $32.1m | $24.4m | $24.4m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperliquid
Frequently asked questions
What is Hyperliquid's TVL?
As of Nov 12, 2026, Hyperliquid has $7.715b in total value locked. TVL has decreased 9.8% 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 98.4%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $89.58m in fees. Of that, $68.82m was protocol revenue. Based on the trailing year, the annualized rate is $894.5m in fees and $680.41m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $71.37. Its circulating market capitalization is $17.085b, ranking it #11. Its fully diluted valuation is $67.906b. Supply currently stands at 239.41m circulating, 951.54m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 8.4% over the past 7 days and down 12.2% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 27.1% below that level.
Which protocols are included in Hyperliquid?
Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid Earn, Hyperliquid HLP, Hyperliquid Spot Orderbook, and Hyperliquid Perps and 1 others.
How much has been borrowed through Hyperliquid?
As of Nov 12, 2026, Hyperliquid has $434.98m in active loans.