Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.983b

TVL by Chain

Hyperliquid L1$5.127b

Arbitrum$856.01m

Key Metrics

Fees (Annualized)$1.062b
Fees 30d$77.8m

Hyperliquid L1$77.8m

Fees 7d$15.77m

Hyperliquid L1$15.77m

Fees 24h$1.74m

Hyperliquid L1$1.74m

Cumulative Fees$1.357b

Hyperliquid L1$1.357b

Revenue (Annualized)$881.53m
Revenue 30d$62.29m

Hyperliquid L1$62.29m

Revenue 7d$12.36m

Hyperliquid L1$12.36m

Revenue 24h$1.38m

Hyperliquid L1$1.38m

Cumulative Revenue$1.16b

Hyperliquid L1$1.16b

Holders Revenue (Annualized)$881.53m
Holders Revenue 30d$62.29m

Hyperliquid L1$62.29m

Holders Revenue 7d$12.36m

Hyperliquid L1$12.36m

Holders Revenue 24h$1.38m

Hyperliquid L1$1.38m

Cumulative Holders Revenue$1.16b

Hyperliquid L1$1.16b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$881.53m

Earnings 30d$62.29m

Earnings 7d$12.36m

Earnings 24h$1.38m

Cumulative Earnings$1.16b

DEX Volume 30d$6.389b
DEX Volume 30d by chain

Hyperliquid L1$6.389b

DEX Volume 7d$1.013b

Hyperliquid L1$1.013b

DEX Volume 24h$90.72m

Hyperliquid L1$90.72m

Cumulative DEX Volume$155.41b

Hyperliquid L1$155.41b

Perp Volume 30d$234.524b
Perp Volume 30d by chain

Hyperliquid L1$234.524b

Perp Volume 7d$56.007b

Hyperliquid L1$56.007b

Perp Volume 24h$5.176b

Hyperliquid L1$5.176b

Cumulative Perp Volume$4.679t

Hyperliquid L1$4.679t

Open Interest$9.062b

Market Cap$15.02b

$HYPE Price$67.52

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$64.504b

Outstanding FDV$26.142b

$HYPE Volume 24h$1.275b

CEX Volume$571.71m

DEX Volume$733.01m(57.49% 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