Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.891b

TVL by Chain

Hyperliquid L1$5.069b

Arbitrum$822.44m

Key Metrics

Fees (Annualized)$1.065b
Fees 30d$79.88m

Hyperliquid L1$79.88m

Fees 7d$22.14m

Hyperliquid L1$22.14m

Fees 24h$2.44m

Hyperliquid L1$2.44m

Cumulative Fees$1.352b

Hyperliquid L1$1.352b

Revenue (Annualized)$885.87m
Revenue 30d$63.95m

Hyperliquid L1$63.95m

Revenue 7d$17.79m

Hyperliquid L1$17.79m

Revenue 24h$1.91m

Hyperliquid L1$1.91m

Cumulative Revenue$1.156b

Hyperliquid L1$1.156b

Holders Revenue (Annualized)$885.87m
Holders Revenue 30d$63.95m

Hyperliquid L1$63.95m

Holders Revenue 7d$17.79m

Hyperliquid L1$17.79m

Holders Revenue 24h$1.91m

Hyperliquid L1$1.91m

Cumulative Holders Revenue$1.156b

Hyperliquid L1$1.156b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$885.87m

Earnings 30d$63.95m

Earnings 7d$17.79m

Earnings 24h$1.91m

Cumulative Earnings$1.156b

DEX Volume 30d$6.557b
DEX Volume 30d by chain

Hyperliquid L1$6.557b

DEX Volume 7d$1.449b

Hyperliquid L1$1.449b

DEX Volume 24h$125.44m

Hyperliquid L1$125.44m

Cumulative DEX Volume$155.066b

Hyperliquid L1$155.066b

Perp Volume 30d$240.465b
Perp Volume 30d by chain

Hyperliquid L1$240.465b

Perp Volume 7d$72.369b

Hyperliquid L1$72.369b

Perp Volume 24h$9.386b

Hyperliquid L1$9.386b

Cumulative Perp Volume$4.663t

Hyperliquid L1$4.663t

Open Interest$8.586b

Market Cap$12.763b

$HYPE Price$57.31

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$54.81b

Outstanding FDV$22.189b

$HYPE Volume 24h$778.84m

CEX Volume$284.23m

DEX Volume$473.75m(60.83% 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