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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.031b

TVL by Chain

Hyperliquid L1$5.602b

Arbitrum$429.17m

Key Metrics

Fees (Annualized)$1.003b
Fees 30d$47m

Hyperliquid L1$47m

Fees 7d$8.75m

Hyperliquid L1$8.75m

Fees 24h$1.15m

Hyperliquid L1$1.15m

Cumulative Fees$1.471b

Hyperliquid L1$1.471b

Revenue (Annualized)$754.57m
Revenue 30d$32.65m

Hyperliquid L1$32.65m

Revenue 7d$6.04m

Hyperliquid L1$6.04m

Revenue 24h$818,025

Hyperliquid L1$818,025

Cumulative Revenue$1.19b

Hyperliquid L1$1.19b

Holders Revenue (Annualized)$754.57m
Holders Revenue 30d$32.65m

Hyperliquid L1$32.65m

Holders Revenue 7d$6.04m

Hyperliquid L1$6.04m

Holders Revenue 24h$818,025

Hyperliquid L1$818,025

Cumulative Holders Revenue$1.19b

Hyperliquid L1$1.19b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$754.57m

$32.65m

$6.04m

$818,025

$1.19b

DEX Volume 30d$2.143b
DEX Volume 30d by chain

Hyperliquid L1$2.143b

DEX Volume 7d$384.16m

Hyperliquid L1$384.16m

DEX Volume 24h$56.25m

Hyperliquid L1$56.25m

Cumulative DEX Volume$161.027b

Hyperliquid L1$161.027b

Perp Volume 30d$192.918b
Perp Volume 30d by chain

Hyperliquid L1$192.918b

Perp Volume 7d$33.753b

Hyperliquid L1$33.753b

Perp Volume 24h$4.453b

Hyperliquid L1$4.453b

Cumulative Perp Volume$5.044t

Hyperliquid L1$5.044t

Liquidation Volume 30d$1.203b
Liquidation Volume 30d by chain

Hyperliquid L1$1.203b

Liquidation Volume 7d$138.65m

Hyperliquid L1$138.65m

Liquidation Volume 24h$14.46m

Hyperliquid L1$14.46m

Cumulative Liquidation Volume$30.629b

Hyperliquid L1$30.629b

$11.15b

Market Cap$12.116b

$HYPE Price$54.47

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$54.46b

$21.138b

$HYPE Volume 24h$198.98m

CEX Volume$71.56m

DEX Volume$128.63m(64.64% 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 $6.031b in total value locked. TVL has increased 0.6% 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 92.9%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $47m in fees. Of that, $32.65m was protocol revenue. Based on the trailing year, the annualized rate is $1.003b in fees and $754.57m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $54.55. Its circulating market capitalization is $12.135b, ranking it #11. Its fully diluted valuation is $54.546b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 1.6% over the past 7 days and down 18.6% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 29% 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 $2.143b in DEX volume over the past 30 days.