Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.873b

TVL by Chain

Hyperliquid L1$5.526b

Arbitrum$347.59m

Key Metrics

Fees (Annualized)$1.058b
Fees 30d$80.69m

Hyperliquid L1$80.69m

Fees 7d$14.46m

Hyperliquid L1$14.46m

Fees 24h$2.47m

Hyperliquid L1$2.47m

Cumulative Fees$1.38b

Hyperliquid L1$1.38b

Revenue (Annualized)$873.9m
Revenue 30d$63.69m

Hyperliquid L1$63.69m

Revenue 7d$11.1m

Hyperliquid L1$11.1m

Revenue 24h$1.87m

Hyperliquid L1$1.87m

Cumulative Revenue$1.178b

Hyperliquid L1$1.178b

Holders Revenue (Annualized)$873.9m
Holders Revenue 30d$63.69m

Hyperliquid L1$63.69m

Holders Revenue 7d$11.1m

Hyperliquid L1$11.1m

Holders Revenue 24h$1.87m

Hyperliquid L1$1.87m

Cumulative Holders Revenue$1.178b

Hyperliquid L1$1.178b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$873.9m

Earnings 30d$63.69m

Earnings 7d$11.1m

Earnings 24h$1.87m

Cumulative Earnings$1.178b

DEX Volume 30d$6.049b
DEX Volume 30d by chain

Hyperliquid L1$6.049b

DEX Volume 7d$929.71m

Hyperliquid L1$929.71m

DEX Volume 24h$155.62m

Hyperliquid L1$155.62m

Cumulative DEX Volume$157.029b

Hyperliquid L1$157.029b

Perp Volume 30d$249.071b
Perp Volume 30d by chain

Hyperliquid L1$249.071b

Perp Volume 7d$47.148b

Hyperliquid L1$47.148b

Perp Volume 24h$8.152b

Hyperliquid L1$8.152b

Cumulative Perp Volume$4.753t

Hyperliquid L1$4.753t

Open Interest$9.019b

Market Cap$13.997b

$HYPE Price$62.92

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$60.109b

Outstanding FDV$24.361b

$HYPE Volume 24h$728.25m

CEX Volume$296.39m

DEX Volume$430.72m(59.14% 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:

Hyperliquid HLP - Fees going to governance token holdersView 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

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