Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.121b

TVL by Chain

Hyperliquid L1$5.725b

Arbitrum$396.6m

Key Metrics

Fees (Annualized)$1.035b
Fees 30d$52.56m

Hyperliquid L1$52.56m

Fees 7d$10.69m

Hyperliquid L1$10.69m

Fees 24h$2.22m

Hyperliquid L1$2.22m

Cumulative Fees$1.449b

Hyperliquid L1$1.449b

Revenue (Annualized)$784.33m
Revenue 30d$36.88m

Hyperliquid L1$36.88m

Revenue 7d$7.27m

Hyperliquid L1$7.27m

Revenue 24h$1.51m

Hyperliquid L1$1.51m

Cumulative Revenue$1.175b

Hyperliquid L1$1.175b

Holders Revenue (Annualized)$784.33m
Holders Revenue 30d$36.88m

Hyperliquid L1$36.88m

Holders Revenue 7d$7.27m

Hyperliquid L1$7.27m

Holders Revenue 24h$1.51m

Hyperliquid L1$1.51m

Cumulative Holders Revenue$1.175b

Hyperliquid L1$1.175b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$784.33m

$36.88m

$7.27m

$1.51m

$1.175b

DEX Volume 30d$2.652b
DEX Volume 30d by chain

Hyperliquid L1$2.652b

DEX Volume 7d$477.52m

Hyperliquid L1$477.52m

DEX Volume 24h$95.13m

Hyperliquid L1$95.13m

Cumulative DEX Volume$160.076b

Hyperliquid L1$160.076b

Perp Volume 30d$184.747b
Perp Volume 30d by chain

Hyperliquid L1$184.747b

Perp Volume 7d$41.539b

Hyperliquid L1$41.539b

Perp Volume 24h$9.292b

Hyperliquid L1$9.292b

Cumulative Perp Volume$4.949t

Hyperliquid L1$4.949t

Liquidation Volume 30d$1.302b
Liquidation Volume 30d by chain

Hyperliquid L1$1.302b

Liquidation Volume 7d$333.17m

Hyperliquid L1$333.17m

Liquidation Volume 24h$150.04m

Hyperliquid L1$150.04m

Cumulative Liquidation Volume$30.102b

Hyperliquid L1$30.102b

$11.447b

Market Cap$12.129b

$HYPE Price$54.49

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$52.089b

$21.122b

$HYPE Volume 24h$487.89m

CEX Volume$170.02m

DEX Volume$332.09m(68.07% 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 $6.121b in total value locked. TVL has increased 6.4% 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 93.5%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $52.56m in fees. Of that, $36.88m was protocol revenue. Based on the trailing year, the annualized rate is $1.035b in fees and $784.33m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $54.4. Its circulating market capitalization is $12.102b, ranking it #11. Its fully diluted valuation is $51.971b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 13.3% over the past 7 days and down 13.8% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 29.1% 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 $2.652b in DEX volume over the past 30 days.