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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.037b

TVL by Chain

Hyperliquid L1$5.616b

Arbitrum$420.69m

Key Metrics

Fees (Annualized)$1.02b
Fees 30d$50.29m

Hyperliquid L1$50.29m

Fees 7d$11.04m

Hyperliquid L1$11.04m

Fees 24h$1.62m

Hyperliquid L1$1.62m

Cumulative Fees$1.462b

Hyperliquid L1$1.462b

Revenue (Annualized)$769.55m
Revenue 30d$35.08m

Hyperliquid L1$35.08m

Revenue 7d$7.74m

Hyperliquid L1$7.74m

Revenue 24h$1.12m

Hyperliquid L1$1.12m

Cumulative Revenue$1.184b

Hyperliquid L1$1.184b

Holders Revenue (Annualized)$769.55m
Holders Revenue 30d$35.08m

Hyperliquid L1$35.08m

Holders Revenue 7d$7.74m

Hyperliquid L1$7.74m

Holders Revenue 24h$1.12m

Hyperliquid L1$1.12m

Cumulative Holders Revenue$1.184b

Hyperliquid L1$1.184b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$769.55m

$35.08m

$7.74m

$1.12m

$1.184b

DEX Volume 30d$2.383b
DEX Volume 30d by chain

Hyperliquid L1$2.383b

DEX Volume 7d$470.17m

Hyperliquid L1$470.17m

DEX Volume 24h$52.08m

Hyperliquid L1$52.08m

Cumulative DEX Volume$160.643b

Hyperliquid L1$160.643b

Perp Volume 30d$200.679b
Perp Volume 30d by chain

Hyperliquid L1$200.679b

Perp Volume 7d$52.903b

Hyperliquid L1$52.903b

Perp Volume 24h$7.683b

Hyperliquid L1$7.683b

Cumulative Perp Volume$5.01t

Hyperliquid L1$5.01t

Liquidation Volume 30d$1.295b
Liquidation Volume 30d by chain

Hyperliquid L1$1.295b

Liquidation Volume 7d$298.19m

Hyperliquid L1$298.19m

Liquidation Volume 24h$48.55m

Hyperliquid L1$48.55m

Cumulative Liquidation Volume$30.49b

Hyperliquid L1$30.49b

$10.713b

Market Cap$12.443b

$HYPE Price$55.94

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$55.926b

$21.684b

$HYPE Volume 24h$337.91m

CEX Volume$130.51m

DEX Volume$222.09m(65.72% 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 $6.037b in total value locked. TVL has increased 2.9% 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 93%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $50.29m in fees. Of that, $35.08m was protocol revenue. Based on the trailing year, the annualized rate is $1.02b in fees and $769.55m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $55.94. Its circulating market capitalization is $12.443b, ranking it #11. Its fully diluted valuation is $55.926b. 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 down 21.5% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 27.2% 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 $2.383b in DEX volume over the past 30 days.