Key Metrics
Fees 30d$75.38m
Fees 30d by chain
Hyperliquid L1$75.38m
Fees 7d$12.05m
Hyperliquid L1$12.05m
Fees 24h$2.81m
Hyperliquid L1$2.81m
Cumulative Fees$1.548b
Hyperliquid L1$1.548b
Revenue 30d$58.7m
Revenue 30d by chain
Hyperliquid L1$58.7m
Revenue 7d$9.29m
Hyperliquid L1$9.29m
Revenue 24h$2.08m
Hyperliquid L1$2.08m
Cumulative Revenue$1.25b
Hyperliquid L1$1.25b
Holders Revenue 30d$58.7m
Holders Revenue 30d by chain
Hyperliquid L1$58.7m
Holders Revenue 7d$9.29m
Hyperliquid L1$9.29m
Holders Revenue 24h$2.08m
Hyperliquid L1$2.08m
Cumulative Holders Revenue$1.25b
Hyperliquid L1$1.25b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$705.4m
$58.7m
$9.29m
$2.08m
$1.25b
DEX Volume 30d$4.764b
DEX Volume 30d by chain
Hyperliquid L1$4.764b
DEX Volume 7d$818.2m
Hyperliquid L1$818.2m
DEX Volume 24h$179.88m
Hyperliquid L1$179.88m
Cumulative DEX Volume$165.858b
Hyperliquid L1$165.858b
Perp Volume 30d$216.62b
Perp Volume 30d by chain
Hyperliquid L1$216.62b
Perp Volume 7d$35.67b
Hyperliquid L1$35.67b
Perp Volume 24h$8.729b
Hyperliquid L1$8.729b
Cumulative Perp Volume$5.275t
Hyperliquid L1$5.275t
Liquidation Volume 30d$2.43b
Liquidation Volume 30d by chain
Hyperliquid L1$2.43b
Liquidation Volume 7d$218.35m
Hyperliquid L1$218.35m
Liquidation Volume 24h$83.56m
Hyperliquid L1$83.56m
Cumulative Liquidation Volume$33.076b
Hyperliquid L1$33.076b
$13.975b
Market Cap$17.635b
$HYPE Price$79.28
$75.733b
$30.774b
$HYPE Volume 24h$1.245b
CEX Volume$318.37m
DEX Volume$886.03m(71.17% 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.
- Hyperliquid BridgeBridge
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
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
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
Frequently Asked Questions
What is Hyperliquid's TVL?
Hyperliquid currently has $6.772b in total value locked. TVL has increased 12.3% 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 93.6%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $75.38m in fees. Of that, $58.7m was protocol revenue. Based on the trailing year, the annualized rate is $939.41m in fees and $705.4m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $79.28. Its circulating market capitalization is $17.635b, ranking it #12. Its fully diluted valuation is $75.733b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 5.3% over the past 7 days and up 42.2% over the past 30 days. Its all-time high is $89.6, reached on Sep 6, 2026. The token is currently 11.5% 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 $4.764b in DEX volume over the past 30 days.