Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.914b

TVL by Chain

Hyperliquid L1$5.547b

Arbitrum$366.42m

Key Metrics

Fees (Annualized)$1.058b
Fees 30d$79.77m

Hyperliquid L1$79.77m

Fees 7d$15.06m

Hyperliquid L1$15.06m

Fees 24h$2.58m

Hyperliquid L1$2.58m

Cumulative Fees$1.378b

Hyperliquid L1$1.378b

Revenue (Annualized)$874.2m
Revenue 30d$63.01m

Hyperliquid L1$63.01m

Revenue 7d$11.51m

Hyperliquid L1$11.51m

Revenue 24h$1.93m

Hyperliquid L1$1.93m

Cumulative Revenue$1.176b

Hyperliquid L1$1.176b

Holders Revenue (Annualized)$874.2m
Holders Revenue 30d$63.01m

Hyperliquid L1$63.01m

Holders Revenue 7d$11.51m

Hyperliquid L1$11.51m

Holders Revenue 24h$1.93m

Hyperliquid L1$1.93m

Cumulative Holders Revenue$1.176b

Hyperliquid L1$1.176b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$874.2m

Earnings 30d$63.01m

Earnings 7d$11.51m

Earnings 24h$1.93m

Cumulative Earnings$1.176b

DEX Volume 30d$6.036b
DEX Volume 30d by chain

Hyperliquid L1$6.036b

DEX Volume 7d$989.37m

Hyperliquid L1$989.37m

DEX Volume 24h$147.32m

Hyperliquid L1$147.32m

Cumulative DEX Volume$156.874b

Hyperliquid L1$156.874b

Perp Volume 30d$245.244b
Perp Volume 30d by chain

Hyperliquid L1$245.244b

Perp Volume 7d$48.616b

Hyperliquid L1$48.616b

Perp Volume 24h$9.776b

Hyperliquid L1$9.776b

Cumulative Perp Volume$4.745t

Hyperliquid L1$4.745t

Open Interest$9.779b

Market Cap$13.514b

$HYPE Price$60.77

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$58.036b

Outstanding FDV$23.529b

$HYPE Volume 24h$659.33m

CEX Volume$249.15m

DEX Volume$394.61m(59.85% 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