Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.088b

TVL by Chain

Arbitrum$3.723b

Hyperliquid L1$1.365b

Key Metrics

Fees (Annualized)$706.77m
Fees 30d$57.93m

Hyperliquid L1$57.93m

Fees 7d$13.79m

Hyperliquid L1$13.79m

Fees 24h$2.46m

Hyperliquid L1$2.46m

Cumulative Fees$1.276b

Hyperliquid L1$1.276b

Revenue (Annualized)$630.83m
Revenue 30d$51.71m

Hyperliquid L1$51.71m

Revenue 7d$12.34m

Hyperliquid L1$12.34m

Revenue 24h$2.22m

Hyperliquid L1$2.22m

Cumulative Revenue$1.155b

Hyperliquid L1$1.155b

Holders Revenue (Annualized)$630.83m
Holders Revenue 30d$51.71m

Hyperliquid L1$51.71m

Holders Revenue 7d$12.34m

Hyperliquid L1$12.34m

Holders Revenue 24h$2.22m

Hyperliquid L1$2.22m

Cumulative Holders Revenue$1.155b

Hyperliquid L1$1.155b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$630.83m

Earnings 30d$51.71m

Earnings 7d$12.34m

Earnings 24h$2.22m

Cumulative Earnings$1.155b

DEX Volume 30d$3.229b
DEX Volume 30d by chain

Hyperliquid L1$3.229b

DEX Volume 7d$853.2m

Hyperliquid L1$853.2m

DEX Volume 24h$192.79m

Hyperliquid L1$192.79m

Cumulative DEX Volume$149.021b

Hyperliquid L1$149.021b

Perp Volume 30d$178.512b
Perp Volume 30d by chain

Hyperliquid L1$178.512b

Perp Volume 7d$42.018b

Hyperliquid L1$42.018b

Perp Volume 24h$7.893b

Hyperliquid L1$7.893b

Cumulative Perp Volume$4.437t

Hyperliquid L1$4.437t

Open Interest$8.907b

Market Cap$10.171b

$HYPE Price$42.66

All Time High$59.3

All Time Low$3.81

Fully Diluted Valuation$41.056b

Outstanding FDV$16.494b

$HYPE Volume 24h$607.57m

CEX Volume$257.03m

DEX Volume$349.93m(57.6% 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