Ask about Hyperliquid · freeTotal Value Locked$8.163b
TVL by Chain
Hyperliquid L1$7.863b
Arbitrum$300.06m
Key Metrics
Fees 30d$80.76m
Fees 30d by chain
Hyperliquid L1$80.76m
Fees 7d$19.36m
Hyperliquid L1$19.36m
Fees 24h$2.81m
Hyperliquid L1$2.81m
Cumulative Fees$1.697b
Hyperliquid L1$1.697b
Revenue 30d$64.16m
Revenue 30d by chain
Hyperliquid L1$64.16m
Revenue 7d$14.92m
Hyperliquid L1$14.92m
Revenue 24h$2.1m
Hyperliquid L1$2.1m
Cumulative Revenue$1.372b
Hyperliquid L1$1.372b
Holders Revenue 30d$64.16m
Holders Revenue 30d by chain
Hyperliquid L1$64.16m
Holders Revenue 7d$14.92m
Hyperliquid L1$14.92m
Holders Revenue 24h$2.1m
Hyperliquid L1$2.1m
Cumulative Holders Revenue$1.372b
Hyperliquid L1$1.372b
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$687.36m
Earnings 30d$64.16m
Earnings 7d$14.92m
Earnings 24h$2.1m
Cumulative Earnings$1.372b
DEX Volume 30d$3.758b
DEX Volume 30d by chain
Hyperliquid L1$3.758b
DEX Volume 7d$845.31m
Hyperliquid L1$845.31m
DEX Volume 24h$115.87m
Hyperliquid L1$115.87m
Cumulative DEX Volume$172.58b
Hyperliquid L1$172.58b
DEX Notional Volume 30d$144.98m
DEX Notional Volume 30d by chain
Hyperliquid L1$144.98m
DEX Notional Volume 7d$50.42m
Hyperliquid L1$50.42m
DEX Notional Volume 24h$7.01m
Hyperliquid L1$7.01m
Cumulative DEX Notional Volume$646.22m
Hyperliquid L1$646.22m
Perp Volume 30d$204.738b
Perp Volume 30d by chain
Hyperliquid L1$204.738b
Perp Volume 7d$52.179b
Hyperliquid L1$52.179b
Perp Volume 24h$8.002b
Hyperliquid L1$8.002b
Cumulative Perp Volume$5.599t
Hyperliquid L1$5.599t
Bridge Volume 30d$1.673b
Bridge Volume 30d by chain
Hyperliquid L1$963.68m
Arbitrum$709.4m
Bridge Volume 7d$432.17m
Hyperliquid L1$260.27m
Arbitrum$171.9m
Bridge Volume 24h$150.31m
Hyperliquid L1$117.24m
Arbitrum$33.07m
Liquidation Volume 30d$1.791b
Liquidation Volume 30d by chain
Hyperliquid L1$1.791b
Liquidation Volume 7d$437.68m
Hyperliquid L1$437.68m
Liquidation Volume 24h$30.35m
Hyperliquid L1$30.35m
Cumulative Liquidation Volume$35.667b
Hyperliquid L1$35.667b
Open Interest$7.551b
Market Cap$17.306b
$HYPE Price$77.81
Fully Diluted Valuation$74.321b
Outstanding FDV$30.415b
$HYPE Volume 24h$864.08m
CEX Volume$194.79m
DEX Volume$630.62m(72.98% of total)
Active Loans$439.95m
Hyperliquid October revenue exceeds $60M?
Quotes fetched just now.
Market details
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
Latest from DefiLlama Research
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Yields
Pools Tracked6
Average Supply APY1.85%
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
Hyperliquid history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 9, 2023 to Oct 27, 2026.
All-time high TVL: $9.069b on Sep 24, 2026. All-time low TVL: $2.8m on Jul 10, 2023.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $9.023b |
| Sep 29, 2026 | $8.915b |
| Sep 30, 2026 | $8.827b |
| Oct 1, 2026 | $8.818b |
| Oct 2, 2026 | $8.75b |
| Oct 3, 2026 | $8.762b |
| Oct 4, 2026 | $8.807b |
| Oct 5, 2026 | $8.825b |
| Oct 6, 2026 | $8.913b |
| Oct 7, 2026 | $8.907b |
| Oct 8, 2026 | $8.769b |
| Oct 9, 2026 | $8.548b |
| Oct 10, 2026 | $8.577b |
| Oct 11, 2026 | $8.629b |
| Oct 12, 2026 | $8.635b |
| Oct 13, 2026 | $8.557b |
| 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 | $8.15b |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.28b |
| 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 27, 2026 (latest) | $8.15b |
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 Oct 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 (to date) | $70.21m | $55.59m | $55.59m |
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 Oct 27, 2026, Hyperliquid has $8.163b in total value locked. TVL has decreased 9.6% 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 96.3%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $80.76m in fees. Of that, $64.16m was protocol revenue. Based on the trailing year, the annualized rate is $903.42m in fees and $687.36m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $77.81. Its circulating market capitalization is $17.306b, ranking it #12. Its fully diluted valuation is $74.321b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 1.2% over the past 7 days and down 15.8% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 20.6% 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 Oct 27, 2026, Hyperliquid has $439.95m in active loans.