Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.903b

TVL by Chain

Hyperliquid L1$3.323b

Arbitrum$2.58b

Key Metrics

Fees (Annualized)$835.38m
Fees 30d$68.47m

Hyperliquid L1$68.47m

Fees 7d$20.46m

Hyperliquid L1$20.46m

Fees 24h$4.28m

Hyperliquid L1$4.28m

Cumulative Fees$1.325b

Hyperliquid L1$1.325b

Revenue (Annualized)$662.93m
Revenue 30d$54.34m

Hyperliquid L1$54.34m

Revenue 7d$16.57m

Hyperliquid L1$16.57m

Revenue 24h$3.5m

Hyperliquid L1$3.5m

Cumulative Revenue$1.134b

Hyperliquid L1$1.134b

Holders Revenue (Annualized)$662.93m
Holders Revenue 30d$54.34m

Hyperliquid L1$54.34m

Holders Revenue 7d$16.57m

Hyperliquid L1$16.57m

Holders Revenue 24h$3.5m

Hyperliquid L1$3.5m

Cumulative Holders Revenue$1.134b

Hyperliquid L1$1.134b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$662.93m

Earnings 30d$54.34m

Earnings 7d$16.57m

Earnings 24h$3.5m

Cumulative Earnings$1.134b

DEX Volume 30d$5.418b
DEX Volume 30d by chain

Hyperliquid L1$5.418b

DEX Volume 7d$1.762b

Hyperliquid L1$1.762b

DEX Volume 24h$342.04m

Hyperliquid L1$342.04m

Cumulative DEX Volume$153.12b

Hyperliquid L1$153.12b

Perp Volume 30d$204.42b
Perp Volume 30d by chain

Hyperliquid L1$204.42b

Perp Volume 7d$57.375b

Hyperliquid L1$57.375b

Perp Volume 24h$12.564b

Hyperliquid L1$12.564b

Cumulative Perp Volume$4.576t

Hyperliquid L1$4.576t

Open Interest$9.822b

Market Cap$15.137b

$HYPE Price$68.09

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$65.008b

Outstanding FDV$26.326b

$HYPE Volume 24h$1.6b

CEX Volume$535.4m

DEX Volume$1.201b(75.06% 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