Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.871b

TVL by Chain

Hyperliquid L1$5.051b

Arbitrum$820.86m

Key Metrics

Fees (Annualized)$1.066b
Fees 30d$79.36m

Hyperliquid L1$79.36m

Fees 7d$25.15m

Hyperliquid L1$25.15m

Fees 24h$2.81m

Hyperliquid L1$2.81m

Cumulative Fees$1.35b

Hyperliquid L1$1.35b

Revenue (Annualized)$886.62m
Revenue 30d$63.52m

Hyperliquid L1$63.52m

Revenue 7d$20.36m

Hyperliquid L1$20.36m

Revenue 24h$2.24m

Hyperliquid L1$2.24m

Cumulative Revenue$1.155b

Hyperliquid L1$1.155b

Holders Revenue (Annualized)$886.62m
Holders Revenue 30d$63.52m

Hyperliquid L1$63.52m

Holders Revenue 7d$20.36m

Hyperliquid L1$20.36m

Holders Revenue 24h$2.24m

Hyperliquid L1$2.24m

Cumulative Holders Revenue$1.155b

Hyperliquid L1$1.155b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$886.62m

Earnings 30d$63.52m

Earnings 7d$20.36m

Earnings 24h$2.24m

Cumulative Earnings$1.155b

DEX Volume 30d$6.53b
DEX Volume 30d by chain

Hyperliquid L1$6.53b

DEX Volume 7d$1.82b

Hyperliquid L1$1.82b

DEX Volume 24h$167.37m

Hyperliquid L1$167.37m

Cumulative DEX Volume$154.94b

Hyperliquid L1$154.94b

Perp Volume 30d$237.281b
Perp Volume 30d by chain

Hyperliquid L1$237.281b

Perp Volume 7d$78.036b

Hyperliquid L1$78.036b

Perp Volume 24h$10.269b

Hyperliquid L1$10.269b

Cumulative Perp Volume$4.654t

Hyperliquid L1$4.654t

Open Interest$9.03b

Market Cap$12.378b

$HYPE Price$55.62

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$53.156b

Outstanding FDV$21.535b

$HYPE Volume 24h$1.095b

CEX Volume$325.89m

DEX Volume$851.09m(77.69% 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: Fees going to governance token holdersView 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