Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.779b

TVL by Chain

Hyperliquid L1$5.441b

Arbitrum$338.17m

Key Metrics

Fees (Annualized)$1.059b
Fees 30d$80.99m

Hyperliquid L1$80.99m

Fees 7d$14.38m

Hyperliquid L1$14.38m

Fees 24h$2.71m

Hyperliquid L1$2.71m

Cumulative Fees$1.383b

Hyperliquid L1$1.383b

Revenue (Annualized)$873.87m
Revenue 30d$63.78m

Hyperliquid L1$63.78m

Revenue 7d$10.96m

Hyperliquid L1$10.96m

Revenue 24h$2.02m

Hyperliquid L1$2.02m

Cumulative Revenue$1.18b

Hyperliquid L1$1.18b

Holders Revenue (Annualized)$873.87m
Holders Revenue 30d$63.78m

Hyperliquid L1$63.78m

Holders Revenue 7d$10.96m

Hyperliquid L1$10.96m

Holders Revenue 24h$2.02m

Hyperliquid L1$2.02m

Cumulative Holders Revenue$1.18b

Hyperliquid L1$1.18b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$873.87m

Earnings 30d$63.78m

Earnings 7d$10.96m

Earnings 24h$2.02m

Cumulative Earnings$1.18b

DEX Volume 30d$6.032b
DEX Volume 30d by chain

Hyperliquid L1$6.032b

DEX Volume 7d$867.54m

Hyperliquid L1$867.54m

DEX Volume 24h$164.21m

Hyperliquid L1$164.21m

Cumulative DEX Volume$157.194b

Hyperliquid L1$157.194b

Perp Volume 30d$250.849b
Perp Volume 30d by chain

Hyperliquid L1$250.849b

Perp Volume 7d$46.817b

Hyperliquid L1$46.817b

Perp Volume 24h$8.778b

Hyperliquid L1$8.778b

Cumulative Perp Volume$4.762t

Hyperliquid L1$4.762t

Open Interest$9.142b

Market Cap$14.359b

$HYPE Price$64.55

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$61.664b

Outstanding FDV$24.992b

$HYPE Volume 24h$882.69m

CEX Volume$349.63m

DEX Volume$540.05m(61.18% 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