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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.06b

TVL by Chain

Hyperliquid L1$5.637b

Arbitrum$423.09m

Key Metrics

Fees (Annualized)$1.03b
Fees 30d$52.23m

Hyperliquid L1$52.23m

Fees 7d$12.03m

Hyperliquid L1$12.03m

Fees 24h$2.01m

Hyperliquid L1$2.01m

Cumulative Fees$1.457b

Hyperliquid L1$1.457b

Revenue (Annualized)$777.53m
Revenue 30d$36.36m

Hyperliquid L1$36.36m

Revenue 7d$8.16m

Hyperliquid L1$8.16m

Revenue 24h$1.45m

Hyperliquid L1$1.45m

Cumulative Revenue$1.181b

Hyperliquid L1$1.181b

Holders Revenue (Annualized)$777.53m
Holders Revenue 30d$36.36m

Hyperliquid L1$36.36m

Holders Revenue 7d$8.16m

Hyperliquid L1$8.16m

Holders Revenue 24h$1.45m

Hyperliquid L1$1.45m

Cumulative Holders Revenue$1.181b

Hyperliquid L1$1.181b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$777.53m

$36.36m

$8.16m

$1.45m

$1.181b

DEX Volume 30d$2.523b
DEX Volume 30d by chain

Hyperliquid L1$2.523b

DEX Volume 7d$523.48m

Hyperliquid L1$523.48m

DEX Volume 24h$103.44m

Hyperliquid L1$103.44m

Cumulative DEX Volume$160.432b

Hyperliquid L1$160.432b

Perp Volume 30d$199.879b
Perp Volume 30d by chain

Hyperliquid L1$199.879b

Perp Volume 7d$55.047b

Hyperliquid L1$55.047b

Perp Volume 24h$10.5b

Hyperliquid L1$10.5b

Cumulative Perp Volume$4.99t

Hyperliquid L1$4.99t

Liquidation Volume 30d$1.332b
Liquidation Volume 30d by chain

Hyperliquid L1$1.332b

Liquidation Volume 7d$444.01m

Hyperliquid L1$444.01m

Liquidation Volume 24h$63.28m

Hyperliquid L1$63.28m

Cumulative Liquidation Volume$30.357b

Hyperliquid L1$30.357b

$10.855b

Market Cap$11.599b

$HYPE Price$52.12

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$49.813b

$20.203b

$HYPE Volume 24h$341.19m

CEX Volume$127.18m

DEX Volume$216.58m(63.48% of total)

$HYPE Liquidity$363,675

Raydium AMM$363,675

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.

Category:Bridge

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

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

Competitors

Frequently Asked Questions

What is Hyperliquid?

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.

What is Hyperliquid's TVL?

Hyperliquid currently has $6.06b in total value locked. TVL has increased 6% 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%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $52.23m in fees. Of that, $36.36m was protocol revenue. Based on the trailing year, the annualized rate is $1.03b in fees and $777.53m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $52.12. Its circulating market capitalization is $11.599b, ranking it #11. Its fully diluted valuation is $49.813b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 9.8% over the past 7 days and down 18.5% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 32% 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 $2.523b in DEX volume over the past 30 days.