Ask about Hyperliquid · freeTotal Value Locked$8.141b
TVL by Chain
Hyperliquid L1$7.842b
Arbitrum$299.54m
Key Metrics
Fees 30d$77.95m
Fees 30d by chain
Hyperliquid L1$77.95m
Fees 7d$16.55m
Hyperliquid L1$16.55m
Fees 24h$1.73m
Hyperliquid L1$1.73m
Cumulative Fees$1.694b
Hyperliquid L1$1.694b
Revenue 30d$62.06m
Revenue 30d by chain
Hyperliquid L1$62.06m
Revenue 7d$12.82m
Hyperliquid L1$12.82m
Revenue 24h$1.41m
Hyperliquid L1$1.41m
Cumulative Revenue$1.37b
Hyperliquid L1$1.37b
Holders Revenue 30d$62.06m
Holders Revenue 30d by chain
Hyperliquid L1$62.06m
Holders Revenue 7d$12.82m
Hyperliquid L1$12.82m
Holders Revenue 24h$1.41m
Hyperliquid L1$1.41m
Cumulative Holders Revenue$1.37b
Hyperliquid L1$1.37b
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$687.13m
Earnings 30d$62.06m
Earnings 7d$12.82m
Earnings 24h$1.41m
Cumulative Earnings$1.37b
DEX Volume 30d$3.642b
DEX Volume 30d by chain
Hyperliquid L1$3.642b
DEX Volume 7d$729.44m
Hyperliquid L1$729.44m
DEX Volume 24h$45.78m
Hyperliquid L1$45.78m
Cumulative DEX Volume$172.464b
Hyperliquid L1$172.464b
DEX Notional Volume 30d$137.97m
DEX Notional Volume 30d by chain
Hyperliquid L1$137.97m
DEX Notional Volume 7d$43.41m
Hyperliquid L1$43.41m
DEX Notional Volume 24h$4.1m
Hyperliquid L1$4.1m
Cumulative DEX Notional Volume$639.21m
Hyperliquid L1$639.21m
Perp Volume 30d$196.735b
Perp Volume 30d by chain
Hyperliquid L1$196.735b
Perp Volume 7d$44.177b
Hyperliquid L1$44.177b
Perp Volume 24h$3.598b
Hyperliquid L1$3.598b
Cumulative Perp Volume$5.591t
Hyperliquid L1$5.591t
Bridge Volume 30d$1.675b
Bridge Volume 30d by chain
Hyperliquid L1$965.31m
Arbitrum$709.67m
Bridge Volume 7d$434.07m
Hyperliquid L1$261.9m
Arbitrum$172.16m
Bridge Volume 24h$152.21m
Hyperliquid L1$118.87m
Arbitrum$33.34m
Liquidation Volume 30d$1.761b
Liquidation Volume 30d by chain
Hyperliquid L1$1.761b
Liquidation Volume 7d$407.33m
Hyperliquid L1$407.33m
Liquidation Volume 24h$4.48m
Hyperliquid L1$4.48m
Cumulative Liquidation Volume$35.637b
Hyperliquid L1$35.637b
Open Interest$7.551b
Market Cap$17.385b
$HYPE Price$78.17
Fully Diluted Valuation$74.661b
Outstanding FDV$30.556b
$HYPE Volume 24h$882.09m
CEX Volume$206.24m
DEX Volume$681.15m(77.22% of total)
Active Loans$437.91m
Hyperliquid October revenue exceeds $60M?
Quotes fetched just now.
Market details
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.
- Hyperliquid BridgeBridge
- Hyperliquid EarnLending
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
- Hyperliquid OutcomesPrediction Market
Latest from DefiLlama Research
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Yields
Pools Tracked6
Average Supply APY1.88%
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Notional Volume: Notional volume of all trades on protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Bridge Volume: Value of assets sent through the bridge, counted once on the chain they leave from
Liquidation Volume: USD value of positions liquidated by the protocol
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
Hyperliquid history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 9, 2023 to Oct 26, 2026.
All-time high TVL: $9.069b on Sep 24, 2026. All-time low TVL: $2.8m on Jul 10, 2023.
Daily TVL, Sep 27, 2026 to Oct 26, 2026
| Date | TVL |
|---|---|
| Sep 27, 2026 | $9.032b |
| Sep 28, 2026 | $9.023b |
| Sep 29, 2026 | $8.915b |
| Sep 30, 2026 | $8.827b |
| Oct 1, 2026 | $8.818b |
| Oct 2, 2026 | $8.75b |
| Oct 3, 2026 | $8.762b |
| Oct 4, 2026 | $8.807b |
| Oct 5, 2026 | $8.825b |
| Oct 6, 2026 | $8.913b |
| Oct 7, 2026 | $8.907b |
| Oct 8, 2026 | $8.769b |
| Oct 9, 2026 | $8.548b |
| Oct 10, 2026 | $8.577b |
| Oct 11, 2026 | $8.629b |
| Oct 12, 2026 | $8.635b |
| Oct 13, 2026 | $8.557b |
| Oct 14, 2026 | $8.511b |
| Oct 15, 2026 | $8.421b |
| Oct 16, 2026 | $8.456b |
| Oct 17, 2026 | $8.342b |
| Oct 18, 2026 | $8.321b |
| Oct 19, 2026 | $8.392b |
| Oct 20, 2026 | $8.295b |
| Oct 21, 2026 | $8.347b |
| Oct 22, 2026 | $8.42b |
| Oct 23, 2026 | $8.32b |
| Oct 24, 2026 | $8.3b |
| Oct 25, 2026 | $8.202b |
| Oct 26, 2026 | $8.141b |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.28b |
| Dec 31, 2024 | $2.036b |
| Jan 31, 2025 | $2.417b |
| Feb 28, 2025 | $2.633b |
| Mar 31, 2025 | $2.079b |
| Apr 30, 2025 | $2.308b |
| May 31, 2025 | $3.552b |
| Jun 30, 2025 | $3.71b |
| Jul 31, 2025 | $4.913b |
| Aug 31, 2025 | $5.764b |
| Sep 30, 2025 | $5.839b |
| Oct 31, 2025 | $4.887b |
| Nov 30, 2025 | $4.382b |
| Dec 31, 2025 | $4.149b |
| Jan 31, 2026 | $4.573b |
| Feb 28, 2026 | $4.232b |
| Mar 31, 2026 | $4.899b |
| Apr 30, 2026 | $4.714b |
| May 31, 2026 | $5.561b |
| Jun 30, 2026 | $5.724b |
| Jul 31, 2026 | $6.131b |
| Aug 31, 2026 | $6.723b |
| Sep 30, 2026 | $8.827b |
| Oct 26, 2026 (latest) | $8.141b |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $57.25m |
| Dec 31, 2024 | $2.036b |
| Dec 31, 2025 | $4.149b |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $11.12m | $10.51m | $10.51m |
| Jan 2025 | $52.17m | $49.13m | $49.13m |
| Feb 2025 | $46.59m | $44.21m | $44.21m |
| Mar 2025 | $40.93m | $38.69m | $38.69m |
| Apr 2025 | $44.24m | $41.66m | $41.66m |
| May 2025 | $72.98m | $68.73m | $68.73m |
| Jun 2025 | $63.14m | $59.46m | $59.46m |
| Jul 2025 | $96.41m | $90.79m | $90.79m |
| Aug 2025 | $144.97m | $113.86m | $113.86m |
| Sep 2025 | $115.28m | $85.2m | $85.2m |
| Oct 2025 | $124.84m | $97.2m | $97.2m |
| Nov 2025 | $101.38m | $77.65m | $77.65m |
| Dec 2025 | $68.75m | $51.21m | $51.21m |
| Jan 2026 | $77.29m | $59.84m | $59.84m |
| Feb 2026 | $70.7m | $54m | $54m |
| Mar 2026 | $69.49m | $51.51m | $51.51m |
| Apr 2026 | $58.67m | $42.36m | $42.36m |
| May 2026 | $62.18m | $46.33m | $46.33m |
| Jun 2026 | $80.98m | $59.96m | $59.96m |
| Jul 2026 | $55.14m | $38.42m | $38.42m |
| Aug 2026 | $77.77m | $61.36m | $61.36m |
| Sep 2026 | $91.33m | $74.19m | $74.19m |
| Oct 2026 (to date) | $67.4m | $53.49m | $53.49m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperliquid
Frequently asked questions
What is Hyperliquid's TVL?
As of Oct 26, 2026, Hyperliquid has $8.141b in total value locked. TVL has decreased 9.9% 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 96.3%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $77.95m in fees. Of that, $62.06m was protocol revenue. Based on the trailing year, the annualized rate is $903.09m in fees and $687.13m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $77.87. Its circulating market capitalization is $17.321b, ranking it #12. Its fully diluted valuation is $74.385b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 1% over the past 7 days and down 15.3% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 20.5% below that level.
Which protocols are included in Hyperliquid?
Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid Earn, Hyperliquid HLP, Hyperliquid Spot Orderbook, and Hyperliquid Perps and 1 others.
How much has been borrowed through Hyperliquid?
As of Oct 26, 2026, Hyperliquid has $437.91m in active loans.