Ask about Hyperliquid

Logo of HyperliquidHyperliquid(HYPE)

Total Value Locked$7.546b

TVL by Chain

Hyperliquid L1$6.971b

Arbitrum$575.11m

Key Metrics

Fees 30d$72.57m
Fees 30d by chain

Hyperliquid L1$72.57m

Fees 7d$19.92m

Hyperliquid L1$19.92m

Fees 24h$1.17m

Hyperliquid L1$1.17m

Cumulative Fees$1.588b

Hyperliquid L1$1.588b

Revenue 30d$56.4m
Revenue 30d by chain

Hyperliquid L1$56.4m

Revenue 7d$15.47m

Hyperliquid L1$15.47m

Revenue 24h$900,334

Hyperliquid L1$900,334

Cumulative Revenue$1.282b

Hyperliquid L1$1.282b

Holders Revenue 30d$56.4m
Holders Revenue 30d by chain

Hyperliquid L1$56.4m

Holders Revenue 7d$15.47m

Hyperliquid L1$15.47m

Holders Revenue 24h$900,334

Hyperliquid L1$900,334

Cumulative Holders Revenue$1.282b

Hyperliquid L1$1.282b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$688.03m

$56.4m

$15.47m

$900,334

$1.282b

DEX Volume 30d$4.943b
DEX Volume 30d by chain

Hyperliquid L1$4.943b

DEX Volume 7d$1.16b

Hyperliquid L1$1.16b

DEX Volume 24h$63.19m

Hyperliquid L1$63.19m

Cumulative DEX Volume$168.597b

Hyperliquid L1$168.597b

Perp Volume 30d$209.123b
Perp Volume 30d by chain

Hyperliquid L1$209.123b

Perp Volume 7d$56.033b

Hyperliquid L1$56.033b

Perp Volume 24h$2.951b

Hyperliquid L1$2.951b

Cumulative Perp Volume$5.397t

Hyperliquid L1$5.397t

Liquidation Volume 30d$1.389b
Liquidation Volume 30d by chain

Hyperliquid L1$1.389b

Liquidation Volume 7d$414.13m

Hyperliquid L1$414.13m

Liquidation Volume 24h$9.12m

Hyperliquid L1$9.12m

Cumulative Liquidation Volume$33.876b

Hyperliquid L1$33.876b

$8.512b

Market Cap$20.739b

$HYPE Price$93.23

All Time High$97.96

All Time Low$3.81

View $HYPE token page

$89.063b

$36.189b

$HYPE Volume 24h$548.14m

CEX Volume$138.15m

DEX Volume$417.43m(76.15% 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.

WebsiteGitHubX/Twitter
Categories:BridgeDexsDerivatives
Products:

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, unit protocol fees, and HYPE burned in successful HIP-1 token-deployment auctions, 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 - 97% of spot trading fees before 30 Aug 2025 and 99% thereafter go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees; HYPE paid in successful HIP-1 token-deployment auctions is burned.View code on GitHub

Holders Revenue:

Hyperliquid HLP - Fees going to governance token holdersView code on GitHubHyperliquid Perps - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.View code on GitHubHyperliquid Spot Orderbook - 97% of spot trading fees before 30 Aug 2025 and 99% thereafter go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees; HYPE paid in successful HIP-1 token-deployment auctions is permanently burned.View 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

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

Frequently Asked Questions

What is Hyperliquid's TVL?

Hyperliquid currently has $7.546b in total value locked. TVL has increased 13.2% 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 92.4%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $72.57m in fees. Of that, $56.4m was protocol revenue. Based on the trailing year, the annualized rate is $911.44m in fees and $688.03m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $92.9. Its circulating market capitalization is $20.669b, ranking it #12. Its fully diluted valuation is $88.765b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 3.5% over the past 7 days and up 11.8% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 5.2% below that level.

Which protocols are included in Hyperliquid?

Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid Spot Orderbook, Hyperliquid HLP, and Hyperliquid Perps.

How much trading volume does Hyperliquid process?

Hyperliquid processed $4.943b in DEX volume over the past 30 days.