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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.087b

TVL by Chain

Hyperliquid L1$5.697b

Arbitrum$389.56m

Key Metrics

Fees (Annualized)$1.035b
Fees 30d$52.54m

Hyperliquid L1$52.54m

Fees 7d$9.95m

Hyperliquid L1$9.95m

Fees 24h$22,873

Hyperliquid L1$22,873

Cumulative Fees$1.445b

Hyperliquid L1$1.445b

Revenue (Annualized)$785.44m
Revenue 30d$36.99m

Hyperliquid L1$36.99m

Revenue 7d$6.88m

Hyperliquid L1$6.88m

Revenue 24h$12,613

Hyperliquid L1$12,613

Cumulative Revenue$1.173b

Hyperliquid L1$1.173b

Holders Revenue (Annualized)$785.44m
Holders Revenue 30d$36.99m

Hyperliquid L1$36.99m

Holders Revenue 7d$6.88m

Hyperliquid L1$6.88m

Holders Revenue 24h$12,613

Hyperliquid L1$12,613

Cumulative Holders Revenue$1.173b

Hyperliquid L1$1.173b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$785.44m

$36.99m

$6.88m

$12,613

$1.173b

DEX Volume 30d$2.749b
DEX Volume 30d by chain

Hyperliquid L1$2.749b

DEX Volume 7d$444.37m

Hyperliquid L1$444.37m

DEX Volume 24h$34.45m

Hyperliquid L1$34.45m

Cumulative DEX Volume$159.943b

Hyperliquid L1$159.943b

Perp Volume 30d$183.905b
Perp Volume 30d by chain

Hyperliquid L1$183.905b

Perp Volume 7d$40.274b

Hyperliquid L1$40.274b

Perp Volume 24h$1.77b

Hyperliquid L1$1.77b

Cumulative Perp Volume$4.937t

Hyperliquid L1$4.937t

Liquidation Volume 30d$1.214b
Liquidation Volume 30d by chain

Hyperliquid L1$1.214b

Liquidation Volume 7d$181.94m

Hyperliquid L1$181.94m

Liquidation Volume 24h$5.77m

Hyperliquid L1$5.77m

Cumulative Liquidation Volume$29.919b

Hyperliquid L1$29.919b

$11.122b

Market Cap$12.973b

$HYPE Price$58.32

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$55.711b

$22.606b

$HYPE Volume 24h$175.25m

CEX Volume$68.77m

DEX Volume$99.69m(56.88% 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

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 $6.087b in total value locked. TVL has increased 4.8% 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 93.6%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $52.54m in fees. Of that, $36.99m was protocol revenue. Based on the trailing year, the annualized rate is $1.035b in fees and $785.44m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $58.32. Its circulating market capitalization is $12.973b, ranking it #11. Its fully diluted valuation is $55.711b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 3.6% over the past 7 days and down 9.3% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 24% 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 $2.749b in DEX volume over the past 30 days.