Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)Buy Now
Total Value Locked$5.044b

TVL by Chain

Arbitrum$3.641b

Hyperliquid L1$1.403b

Key Metrics

Fees (Annualized)$694.37m
Fees 30d$56.92m

Hyperliquid L1$56.92m

Fees 7d$15.1m

Hyperliquid L1$15.1m

Fees 24h$1.68m

Hyperliquid L1$1.68m

Cumulative Fees$1.265b

Hyperliquid L1$1.265b

Revenue (Annualized)$619.18m
Revenue 30d$50.75m

Hyperliquid L1$50.75m

Revenue 7d$13.55m

Hyperliquid L1$13.55m

Revenue 24h$1.51m

Hyperliquid L1$1.51m

Cumulative Revenue$1.145b

Hyperliquid L1$1.145b

Holders Revenue (Annualized)$619.18m
Holders Revenue 30d$50.75m

Hyperliquid L1$50.75m

Holders Revenue 7d$13.55m

Hyperliquid L1$13.55m

Holders Revenue 24h$1.51m

Hyperliquid L1$1.51m

Cumulative Holders Revenue$1.145b

Hyperliquid L1$1.145b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$619.18m

Earnings 30d$50.75m

Earnings 7d$13.55m

Earnings 24h$1.51m

Cumulative Earnings$1.145b

DEX Volume 30d$3.085b
DEX Volume 30d by chain

Hyperliquid L1$3.085b

DEX Volume 7d$752.21m

Hyperliquid L1$752.21m

DEX Volume 24h$76.3m

Hyperliquid L1$76.3m

Cumulative DEX Volume$148.316b

Hyperliquid L1$148.316b

Perp Volume 30d$172.631b
Perp Volume 30d by chain

Hyperliquid L1$172.631b

Perp Volume 7d$47.54b

Hyperliquid L1$47.54b

Perp Volume 24h$4.471b

Hyperliquid L1$4.471b

Cumulative Perp Volume$4.402t

Hyperliquid L1$4.402t

Open Interest$9.167b

Market Cap$9.886b

$HYPE Price$41.46

All Time High$59.3

All Time Low$3.81

Fully Diluted Valuation$39.905b

Outstanding FDV$16.03b

$HYPE Volume 24h$300.11m

CEX Volume$88.9m

DEX Volume$134.13m(44.69% 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