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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.05b

TVL by Chain

Hyperliquid L1$5.617b

Arbitrum$432.18m

Key Metrics

Fees (Annualized)$1.007b
Fees 30d$46.74m

Hyperliquid L1$46.74m

Fees 7d$9.22m

Hyperliquid L1$9.22m

Fees 24h$1.45m

Hyperliquid L1$1.45m

Cumulative Fees$1.47b

Hyperliquid L1$1.47b

Revenue (Annualized)$758.38m
Revenue 30d$32.46m

Hyperliquid L1$32.46m

Revenue 7d$6.35m

Hyperliquid L1$6.35m

Revenue 24h$1.07m

Hyperliquid L1$1.07m

Cumulative Revenue$1.19b

Hyperliquid L1$1.19b

Holders Revenue (Annualized)$758.38m
Holders Revenue 30d$32.46m

Hyperliquid L1$32.46m

Holders Revenue 7d$6.35m

Hyperliquid L1$6.35m

Holders Revenue 24h$1.07m

Hyperliquid L1$1.07m

Cumulative Holders Revenue$1.19b

Hyperliquid L1$1.19b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$758.38m

$32.46m

$6.35m

$1.07m

$1.19b

DEX Volume 30d$2.14b
DEX Volume 30d by chain

Hyperliquid L1$2.14b

DEX Volume 7d$380m

Hyperliquid L1$380m

DEX Volume 24h$58.95m

Hyperliquid L1$58.95m

Cumulative DEX Volume$160.971b

Hyperliquid L1$160.971b

Perp Volume 30d$190.782b
Perp Volume 30d by chain

Hyperliquid L1$190.782b

Perp Volume 7d$36.983b

Hyperliquid L1$36.983b

Perp Volume 24h$5.685b

Hyperliquid L1$5.685b

Cumulative Perp Volume$5.04t

Hyperliquid L1$5.04t

Liquidation Volume 30d$1.194b
Liquidation Volume 30d by chain

Hyperliquid L1$1.194b

Liquidation Volume 7d$172.75m

Hyperliquid L1$172.75m

Liquidation Volume 24h$42.85m

Hyperliquid L1$42.85m

Cumulative Liquidation Volume$30.614b

Hyperliquid L1$30.614b

$10.866b

Market Cap$12.273b

$HYPE Price$55.16

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$55.165b

$21.405b

$HYPE Volume 24h$234.63m

CEX Volume$94.83m

DEX Volume$133.41m(56.86% 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 $6.05b in total value locked. TVL has increased 0.9% 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 92.9%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $46.74m in fees. Of that, $32.46m was protocol revenue. Based on the trailing year, the annualized rate is $1.007b in fees and $758.38m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $55.16. Its circulating market capitalization is $12.273b, ranking it #11. Its fully diluted valuation is $55.165b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 0.1% over the past 7 days and down 17.1% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 28.2% 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 $2.14b in DEX volume over the past 30 days.