Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.967b

TVL by Chain

Hyperliquid L1$5.398b

Arbitrum$568.98m

Key Metrics

Fees (Annualized)$1.061b
Fees 30d$78.94m

Hyperliquid L1$78.94m

Fees 7d$15.29m

Hyperliquid L1$15.29m

Fees 24h$1.29m

Hyperliquid L1$1.29m

Cumulative Fees$1.372b

Hyperliquid L1$1.372b

Revenue (Annualized)$877.79m
Revenue 30d$62.59m

Hyperliquid L1$62.59m

Revenue 7d$11.57m

Hyperliquid L1$11.57m

Revenue 24h$1.02m

Hyperliquid L1$1.02m

Cumulative Revenue$1.172b

Hyperliquid L1$1.172b

Holders Revenue (Annualized)$877.79m
Holders Revenue 30d$62.59m

Hyperliquid L1$62.59m

Holders Revenue 7d$11.57m

Hyperliquid L1$11.57m

Holders Revenue 24h$1.02m

Hyperliquid L1$1.02m

Cumulative Holders Revenue$1.172b

Hyperliquid L1$1.172b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$877.79m

Earnings 30d$62.59m

Earnings 7d$11.57m

Earnings 24h$1.02m

Cumulative Earnings$1.172b

DEX Volume 30d$6.194b
DEX Volume 30d by chain

Hyperliquid L1$6.194b

DEX Volume 7d$1.2b

Hyperliquid L1$1.2b

DEX Volume 24h$75.36m

Hyperliquid L1$75.36m

Cumulative DEX Volume$156.61b

Hyperliquid L1$156.61b

Perp Volume 30d$237.728b
Perp Volume 30d by chain

Hyperliquid L1$237.728b

Perp Volume 7d$46.715b

Hyperliquid L1$46.715b

Perp Volume 24h$3.543b

Hyperliquid L1$3.543b

Cumulative Perp Volume$4.726t

Hyperliquid L1$4.726t

Open Interest$9.39b

Market Cap$15.208b

$HYPE Price$68.33

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$65.312b

Outstanding FDV$26.456b

$HYPE Volume 24h$549.27m

CEX Volume$236.86m

DEX Volume$364.21m(66.31% 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.

CategoryBridge
WebsiteGitHubTwitter

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 and unit protocol fees, 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 - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees.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 - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees.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

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