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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.023b

TVL by Chain

Hyperliquid L1$5.608b

Arbitrum$414.59m

Key Metrics

Fees (Annualized)$1.022b
Fees 30d$49.73m

Hyperliquid L1$49.73m

Fees 7d$11.49m

Hyperliquid L1$11.49m

Fees 24h$1.6m

Hyperliquid L1$1.6m

Cumulative Fees$1.46b

Hyperliquid L1$1.46b

Revenue (Annualized)$770.96m
Revenue 30d$34.74m

Hyperliquid L1$34.74m

Revenue 7d$7.99m

Hyperliquid L1$7.99m

Revenue 24h$1.16m

Hyperliquid L1$1.16m

Cumulative Revenue$1.183b

Hyperliquid L1$1.183b

Holders Revenue (Annualized)$770.96m
Holders Revenue 30d$34.74m

Hyperliquid L1$34.74m

Holders Revenue 7d$7.99m

Hyperliquid L1$7.99m

Holders Revenue 24h$1.16m

Hyperliquid L1$1.16m

Cumulative Holders Revenue$1.183b

Hyperliquid L1$1.183b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$770.96m

$34.74m

$7.99m

$1.16m

$1.183b

DEX Volume 30d$2.399b
DEX Volume 30d by chain

Hyperliquid L1$2.399b

DEX Volume 7d$514.38m

Hyperliquid L1$514.38m

DEX Volume 24h$56.29m

Hyperliquid L1$56.29m

Cumulative DEX Volume$160.591b

Hyperliquid L1$160.591b

Perp Volume 30d$195.602b
Perp Volume 30d by chain

Hyperliquid L1$195.602b

Perp Volume 7d$54.207b

Hyperliquid L1$54.207b

Perp Volume 24h$7.611b

Hyperliquid L1$7.611b

Cumulative Perp Volume$5.003t

Hyperliquid L1$5.003t

Liquidation Volume 30d$1.264b
Liquidation Volume 30d by chain

Hyperliquid L1$1.264b

Liquidation Volume 7d$339.88m

Hyperliquid L1$339.88m

Liquidation Volume 24h$34.48m

Hyperliquid L1$34.48m

Cumulative Liquidation Volume$30.441b

Hyperliquid L1$30.441b

$10.464b

Market Cap$12.361b

$HYPE Price$55.59

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$53.085b

$21.548b

$HYPE Volume 24h$315.05m

CEX Volume$116.51m

DEX Volume$189.03m(60% 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 $6.023b in total value locked. TVL has increased 2.9% 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 93.1%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $49.73m in fees. Of that, $34.74m was protocol revenue. Based on the trailing year, the annualized rate is $1.022b in fees and $770.96m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $55.59. Its circulating market capitalization is $12.361b, ranking it #11. Its fully diluted valuation is $53.085b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 2.1% over the past 7 days and down 19.3% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 27.5% 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 $2.399b in DEX volume over the past 30 days.