Hyperliquid
Total Value Locked$536.2m
| ||
Market Cap | $13.597b |
---|---|
$40.73 | |
Fully Diluted Valuation | $40.717b |
$222.57m | |
$223.31m | |
$4.431b | |
$863.68m | |
$803.22m | |
$803.22m |
Protocol Information
Hyperliquid is a decentralized perpetual exchange with best-in-class speed, liquidity, and price

This Ethereum short seller will lose $114m if ETH’s price rises by $80
June 11, 2025
Read on DL News

Hyperliquid’s token buyback machine just hit $1b — is it sustainable?
June 11, 2025
Read on DL News
Development Activity
(updated at 26/05/25)
Weekly commits: 2
Monthly commits: 29
Weekly developers: 2
Monthly developers: 11
Last commit: 20 days ago (2025-05-26)
Token Information
Methodology
Fees: Trade fees and Ticker auction proceeds. Note this excludes the HLP vault and HyperEVM fees.
Revenue: Percentage of swap fees going to treasury and/or token holders