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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.115b

TVL by Chain

Hyperliquid L1$5.717b

Arbitrum$398.14m

Key Metrics

Fees (Annualized)$1.044b
Fees 30d$57.5m

Hyperliquid L1$57.5m

Fees 7d$11.27m

Hyperliquid L1$11.27m

Fees 24h$1.55m

Hyperliquid L1$1.55m

Cumulative Fees$1.442b

Hyperliquid L1$1.442b

Revenue (Annualized)$794.96m
Revenue 30d$40.81m

Hyperliquid L1$40.81m

Revenue 7d$7.97m

Hyperliquid L1$7.97m

Revenue 24h$1.03m

Hyperliquid L1$1.03m

Cumulative Revenue$1.17b

Hyperliquid L1$1.17b

Holders Revenue (Annualized)$794.96m
Holders Revenue 30d$40.81m

Hyperliquid L1$40.81m

Holders Revenue 7d$7.97m

Hyperliquid L1$7.97m

Holders Revenue 24h$1.03m

Hyperliquid L1$1.03m

Cumulative Holders Revenue$1.17b

Hyperliquid L1$1.17b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$794.96m

$40.81m

$7.97m

$1.03m

$1.17b

DEX Volume 30d$3.041b
DEX Volume 30d by chain

Hyperliquid L1$3.041b

DEX Volume 7d$570.9m

Hyperliquid L1$570.9m

DEX Volume 24h$76.05m

Hyperliquid L1$76.05m

Cumulative DEX Volume$159.768b

Hyperliquid L1$159.768b

Perp Volume 30d$194.437b
Perp Volume 30d by chain

Hyperliquid L1$194.437b

Perp Volume 7d$42.963b

Hyperliquid L1$42.963b

Perp Volume 24h$6.194b

Hyperliquid L1$6.194b

Cumulative Perp Volume$4.92t

Hyperliquid L1$4.92t

Liquidation Volume 30d$1.675b
Liquidation Volume 30d by chain

Hyperliquid L1$1.675b

Liquidation Volume 7d$210.61m

Hyperliquid L1$210.61m

Liquidation Volume 24h$29.97m

Hyperliquid L1$29.97m

Cumulative Liquidation Volume$29.826b

Hyperliquid L1$29.826b

$11.435b

Market Cap$13.244b

$HYPE Price$59.54

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$56.877b

$23.079b

$HYPE Volume 24h$408.3m

CEX Volume$169.72m

DEX Volume$240.6m(58.93% 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 $6.115b in total value locked. TVL has increased 2.6% 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 93.5%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $57.5m in fees. Of that, $40.81m was protocol revenue. Based on the trailing year, the annualized rate is $1.044b in fees and $794.96m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $59.75. Its circulating market capitalization is $13.291b, ranking it #11. Its fully diluted valuation is $57.077b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 8.7% over the past 7 days and down 5.2% over the past 30 days. Its all-time high is $76.7, reached on June 16, 2026. The token is currently 22.1% 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 $3.041b in DEX volume over the past 30 days.