Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.747b

TVL by Chain

Arbitrum$3.243b

Hyperliquid L1$2.504b

Key Metrics

Fees (Annualized)$727.49m
Fees 30d$59.63m

Hyperliquid L1$59.63m

Fees 7d$12.46m

Hyperliquid L1$12.46m

Fees 24h$1.67m

Hyperliquid L1$1.67m

Cumulative Fees$1.312b

Hyperliquid L1$1.312b

Revenue (Annualized)$572.56m
Revenue 30d$46.93m

Hyperliquid L1$46.93m

Revenue 7d$9.89m

Hyperliquid L1$9.89m

Revenue 24h$1.31m

Hyperliquid L1$1.31m

Cumulative Revenue$1.124b

Hyperliquid L1$1.124b

Holders Revenue (Annualized)$572.56m
Holders Revenue 30d$46.93m

Hyperliquid L1$46.93m

Holders Revenue 7d$9.89m

Hyperliquid L1$9.89m

Holders Revenue 24h$1.31m

Hyperliquid L1$1.31m

Cumulative Holders Revenue$1.124b

Hyperliquid L1$1.124b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$572.56m

Earnings 30d$46.93m

Earnings 7d$9.89m

Earnings 24h$1.31m

Cumulative Earnings$1.124b

DEX Volume 30d$4.599b
DEX Volume 30d by chain

Hyperliquid L1$4.599b

DEX Volume 7d$1.116b

Hyperliquid L1$1.116b

DEX Volume 24h$205.99m

Hyperliquid L1$205.99m

Cumulative DEX Volume$152.096b

Hyperliquid L1$152.096b

Perp Volume 30d$190.407b
Perp Volume 30d by chain

Hyperliquid L1$190.407b

Perp Volume 7d$45.925b

Hyperliquid L1$45.925b

Perp Volume 24h$10.317b

Hyperliquid L1$10.317b

Cumulative Perp Volume$4.55t

Hyperliquid L1$4.55t

Open Interest$10.042b

Market Cap$16.51b

$HYPE Price$74.23

All Time High$75.23

All Time Low$3.81

Fully Diluted Valuation$70.902b

Outstanding FDV$28.7b

$HYPE Volume 24h$1.776b

CEX Volume$553.08m

DEX Volume$1.231b(69.34% 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: Fees going to governance token holdersView 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