Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.148b

TVL by Chain

Arbitrum$3.737b

Hyperliquid L1$1.412b

Key Metrics

Fees (Annualized)$691.17m
Fees 30d$56.65m

Hyperliquid L1$56.65m

Fees 7d$14.07m

Hyperliquid L1$14.07m

Fees 24h$1.67m

Hyperliquid L1$1.67m

Cumulative Fees$1.283b

Hyperliquid L1$1.283b

Revenue (Annualized)$618.15m
Revenue 30d$50.67m

Hyperliquid L1$50.67m

Revenue 7d$12.65m

Hyperliquid L1$12.65m

Revenue 24h$1.52m

Hyperliquid L1$1.52m

Cumulative Revenue$1.162b

Hyperliquid L1$1.162b

Holders Revenue (Annualized)$618.15m
Holders Revenue 30d$50.67m

Hyperliquid L1$50.67m

Holders Revenue 7d$12.65m

Hyperliquid L1$12.65m

Holders Revenue 24h$1.52m

Hyperliquid L1$1.52m

Cumulative Holders Revenue$1.162b

Hyperliquid L1$1.162b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$618.15m

Earnings 30d$50.67m

Earnings 7d$12.65m

Earnings 24h$1.52m

Cumulative Earnings$1.162b

DEX Volume 30d$3.334b
DEX Volume 30d by chain

Hyperliquid L1$3.334b

DEX Volume 7d$1.112b

Hyperliquid L1$1.112b

DEX Volume 24h$146.15m

Hyperliquid L1$146.15m

Cumulative DEX Volume$149.621b

Hyperliquid L1$149.621b

Perp Volume 30d$176.968b
Perp Volume 30d by chain

Hyperliquid L1$176.968b

Perp Volume 7d$43.484b

Hyperliquid L1$43.484b

Perp Volume 24h$5.808b

Hyperliquid L1$5.808b

Cumulative Perp Volume$4.458t

Hyperliquid L1$4.458t

Open Interest$8.799b

Market Cap$11.485b

$HYPE Price$48.16

All Time High$59.3

All Time Low$3.81

Fully Diluted Valuation$46.359b

Outstanding FDV$18.621b

$HYPE Volume 24h$582.47m

CEX Volume$257.38m

DEX Volume$324.5m(55.71% 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