Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.763b

TVL by Chain

Hyperliquid L1$5.423b

Arbitrum$340.23m

Key Metrics

Fees (Annualized)$1.06b
Fees 30d$81.43m

Hyperliquid L1$81.43m

Fees 7d$15.6m

Hyperliquid L1$15.6m

Fees 24h$2.79m

Hyperliquid L1$2.79m

Cumulative Fees$1.386b

Hyperliquid L1$1.386b

Revenue (Annualized)$874.23m
Revenue 30d$64.01m

Hyperliquid L1$64.01m

Revenue 7d$11.73m

Hyperliquid L1$11.73m

Revenue 24h$2.01m

Hyperliquid L1$2.01m

Cumulative Revenue$1.182b

Hyperliquid L1$1.182b

Holders Revenue (Annualized)$874.23m
Holders Revenue 30d$64.01m

Hyperliquid L1$64.01m

Holders Revenue 7d$11.73m

Hyperliquid L1$11.73m

Holders Revenue 24h$2.01m

Hyperliquid L1$2.01m

Cumulative Holders Revenue$1.182b

Hyperliquid L1$1.182b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$874.23m

Earnings 30d$64.01m

Earnings 7d$11.73m

Earnings 24h$2.01m

Cumulative Earnings$1.182b

DEX Volume 30d$5.993b
DEX Volume 30d by chain

Hyperliquid L1$5.993b

DEX Volume 7d$898.33m

Hyperliquid L1$898.33m

DEX Volume 24h$157.53m

Hyperliquid L1$157.53m

Cumulative DEX Volume$157.351b

Hyperliquid L1$157.351b

Perp Volume 30d$252.3b
Perp Volume 30d by chain

Hyperliquid L1$252.3b

Perp Volume 7d$51.179b

Hyperliquid L1$51.179b

Perp Volume 24h$8.854b

Hyperliquid L1$8.854b

Cumulative Perp Volume$4.771t

Hyperliquid L1$4.771t

Open Interest$8.992b

Market Cap$14.278b

$HYPE Price$64.21

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$61.316b

Outstanding FDV$24.86b

$HYPE Volume 24h$803.77m

CEX Volume$306.2m

DEX Volume$472.28m(58.76% 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