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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.55b

TVL by Chain

Arbitrum$4.027b

Hyperliquid L1$1.523b

Key Metrics

Fees (Annualized)$677.57m
Fees 30d$55.54m

Hyperliquid L1$55.54m

Fees 7d$13.52m

Hyperliquid L1$13.52m

Fees 24h$0

Hyperliquid L1$0

Cumulative Fees$1.292b

Hyperliquid L1$1.292b

Revenue (Annualized)$607.02m
Revenue 30d$49.76m

Hyperliquid L1$49.76m

Revenue 7d$12.21m

Hyperliquid L1$12.21m

Revenue 24h$0

Hyperliquid L1$0

Cumulative Revenue$1.17b

Hyperliquid L1$1.17b

Holders Revenue (Annualized)$607.02m
Holders Revenue 30d$49.76m

Hyperliquid L1$49.76m

Holders Revenue 7d$12.21m

Hyperliquid L1$12.21m

Holders Revenue 24h$0

Hyperliquid L1$0

Cumulative Holders Revenue$1.17b

Hyperliquid L1$1.17b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$607.02m

Earnings 30d$49.76m

Earnings 7d$12.21m

Earnings 24h$0

Cumulative Earnings$1.17b

DEX Volume 30d$3.747b
DEX Volume 30d by chain

Hyperliquid L1$3.747b

DEX Volume 7d$1.285b

Hyperliquid L1$1.285b

DEX Volume 24h$0

Hyperliquid L1$0

Cumulative DEX Volume$150.585b

Hyperliquid L1$150.585b

Perp Volume 30d$171.913b
Perp Volume 30d by chain

Hyperliquid L1$171.913b

Perp Volume 7d$42.241b

Hyperliquid L1$42.241b

Perp Volume 24h$0

Hyperliquid L1$0

Cumulative Perp Volume$4.494t

Hyperliquid L1$4.494t

Open Interest$0

Market Cap$14.547b

$HYPE Price$63.3

All Time High$64.27

All Time Low$3.81

Fully Diluted Valuation$61.018b

Outstanding FDV$24.474b

$HYPE Volume 24h$1.079b

CEX Volume$395.01m

DEX Volume$601.46m(55.75% 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