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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.045b

TVL by Chain

Hyperliquid L1$5.618b

Arbitrum$427.12m

Key Metrics

Fees (Annualized)$1.012b
Fees 30d$47.14m

Hyperliquid L1$47.14m

Fees 7d$9.55m

Hyperliquid L1$9.55m

Fees 24h$624,107

Hyperliquid L1$624,107

Cumulative Fees$1.467b

Hyperliquid L1$1.467b

Revenue (Annualized)$762.32m
Revenue 30d$32.73m

Hyperliquid L1$32.73m

Revenue 7d$6.68m

Hyperliquid L1$6.68m

Revenue 24h$378,920

Hyperliquid L1$378,920

Cumulative Revenue$1.188b

Hyperliquid L1$1.188b

Holders Revenue (Annualized)$762.32m
Holders Revenue 30d$32.73m

Hyperliquid L1$32.73m

Holders Revenue 7d$6.68m

Hyperliquid L1$6.68m

Holders Revenue 24h$378,920

Hyperliquid L1$378,920

Cumulative Holders Revenue$1.188b

Hyperliquid L1$1.188b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$762.32m

$32.73m

$6.68m

$378,920

$1.188b

DEX Volume 30d$2.195b
DEX Volume 30d by chain

Hyperliquid L1$2.195b

DEX Volume 7d$396.78m

Hyperliquid L1$396.78m

DEX Volume 24h$25.67m

Hyperliquid L1$25.67m

Cumulative DEX Volume$160.873b

Hyperliquid L1$160.873b

Perp Volume 30d$192.511b
Perp Volume 30d by chain

Hyperliquid L1$192.511b

Perp Volume 7d$40.653b

Hyperliquid L1$40.653b

Perp Volume 24h$1.344b

Hyperliquid L1$1.344b

Cumulative Perp Volume$5.032t

Hyperliquid L1$5.032t

Liquidation Volume 30d$1.182b
Liquidation Volume 30d by chain

Hyperliquid L1$1.182b

Liquidation Volume 7d$182.03m

Hyperliquid L1$182.03m

Liquidation Volume 24h$4.16m

Hyperliquid L1$4.16m

Cumulative Liquidation Volume$30.567b

Hyperliquid L1$30.567b

$10.554b

Market Cap$12.205b

$HYPE Price$54.87

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$54.858b

$21.293b

$HYPE Volume 24h$139.17m

CEX Volume$55.16m

DEX Volume$86.58m(62.21% 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 $6.045b in total value locked. TVL has increased 2.7% 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 $47.14m in fees. Of that, $32.73m was protocol revenue. Based on the trailing year, the annualized rate is $1.012b in fees and $762.32m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $54.87. Its circulating market capitalization is $12.205b, ranking it #11. Its fully diluted valuation is $54.858b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 4.8% over the past 7 days and down 19.1% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 28.6% 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 $2.195b in DEX volume over the past 30 days.