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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.017b

TVL by Chain

Hyperliquid L1$5.571b

Arbitrum$446.28m

Key Metrics

Fees (Annualized)$984.87m
Fees 30d$44.82m

Hyperliquid L1$44.82m

Fees 7d$8.52m

Hyperliquid L1$8.52m

Fees 24h$1.21m

Hyperliquid L1$1.21m

Cumulative Fees$1.475b

Hyperliquid L1$1.475b

Revenue (Annualized)$740.04m
Revenue 30d$31.14m

Hyperliquid L1$31.14m

Revenue 7d$5.94m

Hyperliquid L1$5.94m

Revenue 24h$838,034

Hyperliquid L1$838,034

Cumulative Revenue$1.193b

Hyperliquid L1$1.193b

Holders Revenue (Annualized)$740.04m
Holders Revenue 30d$31.14m

Hyperliquid L1$31.14m

Holders Revenue 7d$5.94m

Hyperliquid L1$5.94m

Holders Revenue 24h$838,034

Hyperliquid L1$838,034

Cumulative Holders Revenue$1.193b

Hyperliquid L1$1.193b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$740.04m

$31.14m

$5.94m

$838,034

$1.193b

DEX Volume 30d$2.012b
DEX Volume 30d by chain

Hyperliquid L1$2.012b

DEX Volume 7d$362.46m

Hyperliquid L1$362.46m

DEX Volume 24h$54.43m

Hyperliquid L1$54.43m

Cumulative DEX Volume$161.21b

Hyperliquid L1$161.21b

Perp Volume 30d$184.81b
Perp Volume 30d by chain

Hyperliquid L1$184.81b

Perp Volume 7d$31.217b

Hyperliquid L1$31.217b

Perp Volume 24h$5.058b

Hyperliquid L1$5.058b

Cumulative Perp Volume$5.062t

Hyperliquid L1$5.062t

Liquidation Volume 30d$1.07b
Liquidation Volume 30d by chain

Hyperliquid L1$1.07b

Liquidation Volume 7d$121.6m

Hyperliquid L1$121.6m

Liquidation Volume 24h$14.59m

Hyperliquid L1$14.59m

Cumulative Liquidation Volume$30.685b

Hyperliquid L1$30.685b

$11.718b

Market Cap$12.439b

$HYPE Price$55.92

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$55.91b

$21.7b

$HYPE Volume 24h$160.24m

CEX Volume$64.51m

DEX Volume$93.97m(58.64% 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

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

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 $6.017b in total value locked. TVL has decreased 1.6% 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 92.6%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $44.82m in fees. Of that, $31.14m was protocol revenue. Based on the trailing year, the annualized rate is $984.87m in fees and $740.04m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $55.92. Its circulating market capitalization is $12.439b, ranking it #11. Its fully diluted valuation is $55.91b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 2.2% over the past 7 days and down 15% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 27.3% 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 $2.012b in DEX volume over the past 30 days.