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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.018b

TVL by Chain

Hyperliquid L1$5.589b

Arbitrum$429.7m

Key Metrics

Fees (Annualized)$998.67m
Fees 30d$46.22m

Hyperliquid L1$46.22m

Fees 7d$8.69m

Hyperliquid L1$8.69m

Fees 24h$1.59m

Hyperliquid L1$1.59m

Cumulative Fees$1.472b

Hyperliquid L1$1.472b

Revenue (Annualized)$751.15m
Revenue 30d$32.12m

Hyperliquid L1$32.12m

Revenue 7d$6.04m

Hyperliquid L1$6.04m

Revenue 24h$1.14m

Hyperliquid L1$1.14m

Cumulative Revenue$1.191b

Hyperliquid L1$1.191b

Holders Revenue (Annualized)$751.15m
Holders Revenue 30d$32.12m

Hyperliquid L1$32.12m

Holders Revenue 7d$6.04m

Hyperliquid L1$6.04m

Holders Revenue 24h$1.14m

Hyperliquid L1$1.14m

Cumulative Holders Revenue$1.191b

Hyperliquid L1$1.191b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$751.15m

$32.12m

$6.04m

$1.14m

$1.191b

DEX Volume 30d$2.093b
DEX Volume 30d by chain

Hyperliquid L1$2.093b

DEX Volume 7d$373.11m

Hyperliquid L1$373.11m

DEX Volume 24h$67.84m

Hyperliquid L1$67.84m

Cumulative DEX Volume$161.095b

Hyperliquid L1$161.095b

Perp Volume 30d$190.251b
Perp Volume 30d by chain

Hyperliquid L1$190.251b

Perp Volume 7d$32.911b

Hyperliquid L1$32.911b

Perp Volume 24h$6.28b

Hyperliquid L1$6.28b

Cumulative Perp Volume$5.051t

Hyperliquid L1$5.051t

Liquidation Volume 30d$1.129b
Liquidation Volume 30d by chain

Hyperliquid L1$1.129b

Liquidation Volume 7d$125.2m

Hyperliquid L1$125.2m

Liquidation Volume 24h$17.78m

Hyperliquid L1$17.78m

Cumulative Liquidation Volume$30.646b

Hyperliquid L1$30.646b

$11.206b

Market Cap$12.527b

$HYPE Price$56.32

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$56.306b

$21.856b

$HYPE Volume 24h$270.35m

CEX Volume$104.66m

DEX Volume$166.85m(61.72% 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

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

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 $6.018b in total value locked. TVL has increased 0.5% 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 92.9%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $46.22m in fees. Of that, $32.12m was protocol revenue. Based on the trailing year, the annualized rate is $998.67m in fees and $751.15m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $56.32. Its circulating market capitalization is $12.527b, ranking it #11. Its fully diluted valuation is $56.306b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 1.2% over the past 7 days and down 11.3% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 26.7% 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 $2.093b in DEX volume over the past 30 days.